Acorah Software Products - Accounts Production 16.0.110 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08363011 Mr Muhammad Yusuf Mr Aadil Yusuf iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08363011 2023-03-31 08363011 2024-03-31 08363011 2023-04-01 2024-03-31 08363011 frs-core:Non-currentFinancialInstruments 2024-03-31 08363011 frs-core:ComputerEquipment 2023-04-01 2024-03-31 08363011 frs-core:FurnitureFittings 2023-04-01 2024-03-31 08363011 frs-core:PlantMachinery 2023-04-01 2024-03-31 08363011 frs-core:ShareCapital 2024-03-31 08363011 frs-core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 08363011 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08363011 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08363011 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 08363011 frs-bus:SmallEntities 2023-04-01 2024-03-31 08363011 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08363011 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08363011 frs-bus:Director1 2023-04-01 2024-03-31 08363011 frs-bus:Director2 2023-04-01 2024-03-31 08363011 frs-countries:EnglandWales 2023-04-01 2024-03-31 08363011 2022-03-31 08363011 2023-03-31 08363011 2022-04-01 2023-03-31 08363011 frs-core:Non-currentFinancialInstruments 2023-03-31 08363011 frs-core:ShareCapital 2022-03-31 08363011 frs-core:ShareCapital 2023-03-31 08363011 frs-core:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 08363011 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-03-31 08363011 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08363011
Green Ocean Limited
ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Kensington Mills & Clark Darby
Chartered Certified Accountants
520-522 Moseley Road
Birmingham
West Midlands
B12 9AE
Contents
Page
Abridged Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Abridged Financial Statements 4—6
Page 1
Abridged Balance Sheet
Registered number: 08363011
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,651 21,958
16,651 21,958
CURRENT ASSETS
Stocks 62,500 52,560
Debtors 1,512 233
Cash at bank and in hand 2,357 2,198
66,369 54,991
Creditors: Amounts Falling Due Within One Year (53,842 ) (22,575 )
NET CURRENT ASSETS (LIABILITIES) 12,527 32,416
TOTAL ASSETS LESS CURRENT LIABILITIES 29,178 54,374
Creditors: Amounts Falling Due After More Than One Year 5 (33,742 ) (39,740 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 6 (1,571 ) (2,229 )
NET (LIABILITIES)/ASSETS (6,135 ) 12,405
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (6,235 ) 12,305
SHAREHOLDERS' FUNDS (6,135) 12,405
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For the year ending 31 March 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Muhammad Yusuf
Director
1st November 2024
The notes on pages 4 to 6 form part of these financial statements.
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Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 April 2022 100 15,226 15,326
Loss for the year and total comprehensive income - (2,921 ) (2,921)
As at 31 March 2023 and 1 April 2023 100 12,305 12,405
Loss for the year and total comprehensive income - (18,540 ) (18,540)
As at 31 March 2024 100 (6,235 ) (6,135)
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Page 4
Notes to the Abridged Financial Statements
1. General Information
Green Ocean Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08363011 . The registered office is 10 Hill Top Avenue, Prestwich, Manchester, Lancashire, M25 1LL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% on reducing balance
Fixtures & Fittings 20% on reducing balance
Computer Equipment 20% on reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

2.7. Pensions
The company operates a defined pension contribution scheme through third party. Contributions are charged to the profit and loss as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 5)
6 5
4. Tangible Assets
Total
£
Cost
As at 1 April 2023 107,241
As at 31 March 2024 107,241
Depreciation
As at 1 April 2023 85,283
Provided during the period 5,307
As at 31 March 2024 90,590
Net Book Value
As at 31 March 2024 16,651
As at 1 April 2023 21,958
5. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 33,742 39,740
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6. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 1,571 2,229
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Dividends paid to directors
9. Dividends
10. Related Party Transactions
The director owned the freehold property and charge a rent to the company of £20K yearly exclusive of VAT for the year.
Director loan account credit balance for the year was of £28,605 (2021:£13,743) interest free and payable on demand.
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