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REGISTERED NUMBER: 05196058 (England and Wales)
























D & D OCEAN DEVELOPMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






D & D OCEAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05196058)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D & D OCEAN DEVELOPMENTS LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2024







DIRECTOR: P B Davies





SECRETARY:





REGISTERED OFFICE: 87 North Road
Poole
Dorset
BH14 0LT





REGISTERED NUMBER: 05196058 (England and Wales)





ACCOUNTANTS: The Accounting Bureau Ltd
87 North Road
Poole
Dorset
BH14 0LT

D & D OCEAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05196058)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,489 67,964

CURRENT ASSETS
Stocks 14,917 -
Debtors 5 19,838 21,978
Cash at bank 20,483 79,782
55,238 101,760
CREDITORS
Amounts falling due within one year 6 44,474 52,088
NET CURRENT ASSETS 10,764 49,672
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,253

117,636

CREDITORS
Amounts falling due after more than one
year

7

-

58,937
NET ASSETS 42,253 58,699

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 42,153 58,599
SHAREHOLDERS' FUNDS 42,253 58,699

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

D & D OCEAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05196058)

BALANCE SHEET - continued
31 August 2024


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 6 November 2024 and were signed by:





P B Davies - Director


D & D OCEAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05196058)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

D & D Ocean Developments 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.

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.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

D & D OCEAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05196058)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 - 79,295 1,637 80,932
Additions 5,500 23,230 - 28,730
Disposals - (70,295 ) - (70,295 )
At 31 August 2024 5,500 32,230 1,637 39,367
DEPRECIATION
At 1 September 2023 - 11,381 1,587 12,968
Charge for year 201 7,699 13 7,913
Eliminated on disposal - (13,003 ) - (13,003 )
At 31 August 2024 201 6,077 1,600 7,878
NET BOOK VALUE
At 31 August 2024 5,299 26,153 37 31,489
At 31 August 2023 - 67,914 50 67,964

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,328 6,481
Other debtors 14,510 15,497
19,838 21,978

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 18,333 28,333
Trade creditors 4,608 6,425
Taxation and social security 21,133 17,030
Other creditors 400 300
44,474 52,088

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts - 58,937