Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 13179451 Dr Liaqat Malik Mr Irfan Malik iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13179451 2023-02-28 13179451 2024-02-28 13179451 2023-03-01 2024-02-28 13179451 frs-core:CurrentFinancialInstruments 2024-02-28 13179451 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-28 13179451 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 13179451 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 13179451 frs-core:PlantMachinery 2024-02-28 13179451 frs-core:PlantMachinery 2023-03-01 2024-02-28 13179451 frs-core:PlantMachinery 2023-02-28 13179451 frs-core:ShareCapital 2024-02-28 13179451 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 13179451 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 13179451 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 13179451 frs-bus:SmallEntities 2023-03-01 2024-02-28 13179451 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 13179451 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 13179451 frs-bus:Director1 2023-03-01 2024-02-28 13179451 frs-bus:Director2 2023-03-01 2024-02-28 13179451 frs-countries:EnglandWales 2023-03-01 2024-02-28 13179451 2022-02-28 13179451 2023-02-28 13179451 2022-03-01 2023-02-28 13179451 frs-core:CurrentFinancialInstruments 2023-02-28 13179451 frs-core:ShareCapital 2023-02-28 13179451 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 13179451
Ocean Commercial Limited
Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 13179451
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 477,451 7,976
477,451 7,976
CURRENT ASSETS
Cash at bank and in hand 236 356
236 356
Creditors: Amounts Falling Due Within One Year 4 (6,199 ) (6,303 )
NET CURRENT ASSETS (LIABILITIES) (5,963 ) (5,947 )
TOTAL ASSETS LESS CURRENT LIABILITIES 471,488 2,029
NET ASSETS 471,488 2,029
CAPITAL AND RESERVES
Called up share capital 5 468,974 2
Profit and Loss Account 2,514 2,027
SHAREHOLDERS' FUNDS 471,488 2,029
For the year ending 28 February 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.
On behalf of the board
19/11/2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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:
Freehold NIL
Plant & Machinery 10%
2. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 2)
1 2
3. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 March 2023 - 9,846 9,846
Additions 465,755 4,045 469,800
As at 28 February 2024 465,755 13,891 479,646
Depreciation
As at 1 March 2023 - 1,870 1,870
Provided during the period - 325 325
As at 28 February 2024 - 2,195 2,195
Net Book Value
As at 28 February 2024 465,755 11,696 477,451
As at 1 March 2023 - 7,976 7,976
4. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,199 6,303
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 468,974 2
Page 2