OCEAN TRADING INTERNATIONAL LIMITED |
Registered Number:04603243 |
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2023
OCEAN TRADING INTERNATIONAL LIMITED
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
OCEAN TRADING INTERNATIONAL LIMITED
Statement of Financial Position
2022
2023
Property, plant and equipment |
2,560
3,412
2,560
3,412
304,268
278,605
2
Trade and other receivables |
18,889
112,041
3
143,341
Cash and cash equivalents |
117,899
508,545
466,498
Trade and other payables: amounts falling due within one year |
(84,872)
(117,056)
4
381,626
391,489
Net current assets
Total assets less current liabilities |
394,049
385,038
394,049
Net assets
385,038
100
100
393,949
384,938
394,049
385,038
Shareholders' funds
For the year ended 31 December 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each |
financial year and of its profit or loss for each financial year in accordance with the requirements of Section 394 and 395 and |
which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable |
to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 16 September 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 December 2023
OCEAN TRADING INTERNATIONAL LIMITED
Notes to the Financial Statements
Statutory Information
OCEAN TRADING INTERNATIONAL LIMITED is a private limited company, limited by shares, domiciled in England and |
Wales, registration number 04603243. |
Principal place of business: |
10 Rugby Street
Manchester
M8 9SN
273 Bury New Road
Whitefield
Manchester
M45 8QP
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard |
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The |
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
2022
2023
278,605
304,268
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For the year ended 31 December 2023
OCEAN TRADING INTERNATIONAL LIMITED
Notes to the Financial Statements Continued
3. Trade and other receivables |
2022
2023
(102)
-
112,143
18,889
18,889
112,041
4. Trade and other payables: amounts falling due within one year |
2022
2023
86,549
62,806
Taxation and social security |
4,733
2,967
25,774
19,099
117,056
84,872
5. Average number of persons employed |
During the year the average number of employees was 5 (2022 : 5)
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