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REGISTERED NUMBER: 06841717 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

OCEAN SIGNS (UK) LIMITED

OCEAN SIGNS (UK) LIMITED (Registered number: 06841717)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OCEAN SIGNS (UK) LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTOR: O J Harris





REGISTERED OFFICE: Villiage Farm Industrial Estate
11 Village Court
Pyle
Bridgend
CF33 6BX





REGISTERED NUMBER: 06841717 (England and Wales)





ACCOUNTANTS: Fernlea Accounting Limited
84 Fernlea Park
Bryncoch
Neath
SA10 7SX

OCEAN SIGNS (UK) LIMITED (Registered number: 06841717)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 8,590 10,552

CURRENT ASSETS
Stocks 8,320 7,725
Debtors 5 576 5,527
Cash at bank 1,767 945
10,663 14,197
CREDITORS
Amounts falling due within one year 6 11,835 14,866
NET CURRENT LIABILITIES (1,172 ) (669 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,418

9,883

CREDITORS
Amounts falling due after more than
one year

7

27,755

31,960
NET LIABILITIES (20,337 ) (22,077 )

OCEAN SIGNS (UK) LIMITED (Registered number: 06841717)

Balance Sheet - continued
31 March 2024

31.3.24 31.3.23
Notes £ £ £ £
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (20,437 ) (22,177 )
(20,337 ) (22,077 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 November 2024 and were signed by:





O J Harris - Director


OCEAN SIGNS (UK) LIMITED (Registered number: 06841717)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

OCEAN SIGNS (UK) LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared on the going concern basis which assumes that the company will have the continued support of the director, bank and other creditors to continue to trade. The director believe this to be the case and that the company will continue as a going concern for the forseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost and 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

OCEAN SIGNS (UK) LIMITED (Registered number: 06841717)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 April 2023
and 31 March 2024 40,633
DEPRECIATION
At 1 April 2023 30,081
Charge for year 1,962
At 31 March 2024 32,043
NET BOOK VALUE
At 31 March 2024 8,590
At 31 March 2023 10,552

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Trade debtors 576 4,164
Other debtors - 1,363
576 5,527

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Bank loans and overdrafts 3,508 3,938
Taxation and social security 7,522 10,153
Other creditors 805 775
11,835 14,866

OCEAN SIGNS (UK) LIMITED (Registered number: 06841717)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£ £
Bank loans 8,400 9,663
Other creditors 19,355 22,297
27,755 31,960