2023-04-012023-12-312023-12-31false11235061THE OCEAN BOTTLE LTD2024-10-2232990iso4217:GBPxbrli:pure112350612023-04-01112350612023-12-31112350612023-04-012023-12-31112350612022-04-01112350612023-03-31112350612022-04-012023-03-3111235061bus:SmallEntities2023-04-012023-12-3111235061bus:AuditExempt-NoAccountantsReport2023-04-012023-12-3111235061bus:AbridgedAccounts2023-04-012023-12-3111235061bus:PrivateLimitedCompanyLtd2023-04-012023-12-3111235061core:WithinOneYear2023-12-3111235061core:AfterOneYear2023-12-3111235061core:WithinOneYear2023-03-3111235061core:AfterOneYear2023-03-3111235061core:ShareCapital2023-12-3111235061core:SharePremium2023-12-3111235061core:RevaluationReserve2023-12-3111235061core:OtherReservesSubtotal2023-12-3111235061core:RetainedEarningsAccumulatedLosses2023-12-3111235061core:ShareCapital2023-03-3111235061core:SharePremium2023-03-3111235061core:RevaluationReserve2023-03-3111235061core:OtherReservesSubtotal2023-03-3111235061core:RetainedEarningsAccumulatedLosses2023-03-3111235061core:LandBuildings2023-12-3111235061core:PlantMachinery2023-12-3111235061core:Vehicles2023-12-3111235061core:FurnitureFittings2023-12-3111235061core:OfficeEquipment2023-12-3111235061core:NetGoodwill2023-12-3111235061core:IntangibleAssetsOtherThanGoodwill2023-12-3111235061core:ListedExchangeTraded2023-12-3111235061core:UnlistedNon-exchangeTraded2023-12-3111235061core:LandBuildings2023-03-3111235061core:PlantMachinery2023-03-3111235061core:Vehicles2023-03-3111235061core:FurnitureFittings2023-03-3111235061core:OfficeEquipment2023-03-3111235061core:NetGoodwill2023-03-3111235061core:IntangibleAssetsOtherThanGoodwill2023-03-3111235061core:ListedExchangeTraded2023-03-3111235061core:UnlistedNon-exchangeTraded2023-03-3111235061core:LandBuildings2023-04-012023-12-3111235061core:PlantMachinery2023-04-012023-12-3111235061core:Vehicles2023-04-012023-12-3111235061core:FurnitureFittings2023-04-012023-12-3111235061core:OfficeEquipment2023-04-012023-12-3111235061core:NetGoodwill2023-04-012023-12-3111235061core:IntangibleAssetsOtherThanGoodwill2023-04-012023-12-3111235061core:ListedExchangeTraded2023-04-012023-12-3111235061core:UnlistedNon-exchangeTraded2023-04-012023-12-3111235061core:MoreThanFiveYears2023-04-012023-12-3111235061core:Non-currentFinancialInstruments2023-12-3111235061core:Non-currentFinancialInstruments2023-03-3111235061dpl:CostSales2023-04-012023-12-3111235061dpl:DistributionCosts2023-04-012023-12-3111235061core:LandBuildings2023-04-012023-12-3111235061core:PlantMachinery2023-04-012023-12-3111235061core:Vehicles2023-04-012023-12-3111235061core:FurnitureFittings2023-04-012023-12-3111235061core:OfficeEquipment2023-04-012023-12-3111235061dpl:AdministrativeExpenses2023-04-012023-12-3111235061core:NetGoodwill2023-04-012023-12-3111235061core:IntangibleAssetsOtherThanGoodwill2023-04-012023-12-3111235061dpl:GroupUndertakings2023-04-012023-12-3111235061dpl:ParticipatingInterests2023-04-012023-12-3111235061dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012023-12-3111235061core:ListedExchangeTraded2023-04-012023-12-3111235061dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012023-12-3111235061core:UnlistedNon-exchangeTraded2023-04-012023-12-3111235061dpl:CostSales2022-04-012023-03-3111235061dpl:DistributionCosts2022-04-012023-03-3111235061core:LandBuildings2022-04-012023-03-3111235061core:PlantMachinery2022-04-012023-03-3111235061core:Vehicles2022-04-012023-03-3111235061core:FurnitureFittings2022-04-012023-03-3111235061core:OfficeEquipment2022-04-012023-03-3111235061dpl:AdministrativeExpenses2022-04-012023-03-3111235061core:NetGoodwill2022-04-012023-03-3111235061core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3111235061dpl:GroupUndertakings2022-04-012023-03-3111235061dpl:ParticipatingInterests2022-04-012023-03-3111235061dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3111235061core:ListedExchangeTraded2022-04-012023-03-3111235061dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3111235061core:UnlistedNon-exchangeTraded2022-04-012023-03-3111235061core:NetGoodwill2023-12-3111235061core:IntangibleAssetsOtherThanGoodwill2023-12-3111235061core:LandBuildings2023-12-3111235061core:PlantMachinery2023-12-3111235061core:Vehicles2023-12-3111235061core:FurnitureFittings2023-12-3111235061core:OfficeEquipment2023-12-3111235061core:AfterOneYear2023-12-3111235061core:WithinOneYear2023-12-3111235061core:ListedExchangeTraded2023-12-3111235061core:UnlistedNon-exchangeTraded2023-12-3111235061core:ShareCapital2023-12-3111235061core:SharePremium2023-12-3111235061core:RevaluationReserve2023-12-3111235061core:OtherReservesSubtotal2023-12-3111235061core:RetainedEarningsAccumulatedLosses2023-12-3111235061core:NetGoodwill2023-03-3111235061core:IntangibleAssetsOtherThanGoodwill2023-03-3111235061core:LandBuildings2023-03-3111235061core:PlantMachinery2023-03-3111235061core:Vehicles2023-03-3111235061core:FurnitureFittings2023-03-3111235061core:OfficeEquipment2023-03-3111235061core:AfterOneYear2023-03-3111235061core:WithinOneYear2023-03-3111235061core:Liste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THE OCEAN BOTTLE LTD

Registered Number
11235061
(England and Wales)

Unaudited Financial Statements for the Period ended
31 December 2023

THE OCEAN BOTTLE LTD
Company Information
for the period from 1 April 2023 to 31 December 2023

Directors

DOMAN, Nicholas
PEARSON, William Plahte
SCHANKE, Øyvind G
SELFA ORTEGA, Maria Luisa
WARD, Peter David

Registered Address

3rd Floor, 25 Soho Square
London
W1D 3QR

Registered Number

11235061 (England and Wales)
THE OCEAN BOTTLE LTD
Balance Sheet as at
31 December 2023

Notes

31 Dec 2023

31 Mar 2023

£

£

£

£

Fixed assets
Tangible assets362,25381,079
62,25381,079
Current assets
Stocks42,298,7584,231,468
Debtors5,62,494,6601,635,382
Cash at bank and on hand2,400,0942,564,470
7,193,5128,431,320
Creditors amounts falling due within one year7(3,533,994)(3,096,043)
Net current assets (liabilities)3,659,5185,335,277
Total assets less current liabilities3,721,7715,416,356
Creditors amounts falling due after one year8(124,308)(193,301)
Net assets3,597,4635,223,055
Capital and reserves
Called up share capital22
Share premium6,642,4426,642,442
Other reserves144,114-
Profit and loss account(3,189,095)(1,419,389)
Shareholders' funds3,597,4635,223,055
The financial statements were approved and authorised for issue by the Board of Directors on 22 October 2024, and are signed on its behalf by:
DOMAN, Nicholas
Director
Registered Company No. 11235061
THE OCEAN BOTTLE LTD
Notes to the Financial Statements
for the period ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Research and development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development of a project if and only if certain specific criteria are met in order to demonstrate the asset with will generate probable future economic benefits and that its cost can be reliable measured. If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery3
Office Equipment3
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232023
Average number of employees during the year4533
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 23199,461
Additions27,424
At 31 December 23226,885
Depreciation and impairment
At 01 April 23118,382
Charge for year46,250
At 31 December 23164,632
Net book value
At 31 December 2362,253
At 31 March 2381,079
4.Stocks

2023

2023

££
Finished goods2,204,3252,599,024
Other stocks94,4331,632,444
Total2,298,7584,231,468
5.Debtors: amounts due within one year

2023

2023

££
Trade debtors / trade receivables2,175,5141,372,849
Other debtors181,614187,158
Prepayments and accrued income107,53245,375
Total2,464,6601,605,382
6.Debtors: amounts due after one year

2023

2023

££
Other debtors30,00030,000
Total30,00030,000
7.Creditors: amounts due within one year

2023

2023

££
Trade creditors / trade payables1,496,7012,073,276
Taxation and social security243,338219,365
Other creditors541,881111,504
Accrued liabilities and deferred income1,252,074691,898
Total3,533,9943,096,043
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Creditors: amounts due after one year

2023

2023

££
Bank borrowings and overdrafts124,308193,301
Total124,308193,301
9.Obligations under finance leases
At 31st December 2023 the Company had future minimum payments due under non-cancellable operating leases as follows: Rental lease Within 1 year: £116,850
10.Change in reporting period and impact on comparability
The Directors made the commercial decision to move The Ocean Bottle's accounting period end from 31st March to 31st December. As a result these financial statements cover the 9 month accounting period from 1st April 2023 to 31st December 2023. The comparative results cover the 12 month period ended 31st March 2023.