Sculpted Ocean Limited 06228572 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is IT Consultancy Digita Accounts Production Advanced 6.30.9574.0 true true 06228572 2023-05-01 2024-04-30 06228572 2024-04-30 06228572 core:CurrentFinancialInstruments 2024-04-30 06228572 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 06228572 core:OfficeEquipment 2024-04-30 06228572 bus:SmallEntities 2023-05-01 2024-04-30 06228572 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 06228572 bus:FilletedAccounts 2023-05-01 2024-04-30 06228572 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 06228572 bus:RegisteredOffice 2023-05-01 2024-04-30 06228572 bus:Director1 2023-05-01 2024-04-30 06228572 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06228572 core:OfficeEquipment 2023-05-01 2024-04-30 06228572 countries:EnglandWales 2023-05-01 2024-04-30 06228572 2023-04-30 06228572 core:OfficeEquipment 2023-04-30 06228572 2022-05-01 2023-04-30 06228572 2023-04-30 06228572 core:CurrentFinancialInstruments 2023-04-30 06228572 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 06228572

Sculpted Ocean Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Sculpted Ocean Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Sculpted Ocean Limited

Company Information

Director

Mrs Hilary Glen Damant

Registered office

14 Dundonald Road
Bristol
BS6 7LW

Accountants

Stone & Co Chartered Accountants
2 Charnwood House
Marsh Road
Ashton
Bristol
BS3 2NA

 

Sculpted Ocean Limited

(Registration number: 06228572)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

         

Current assets

   

Debtors

5

 

2,219

2,219

Cash at bank and in hand

   

125,123

121,178

   

127,342

123,397

Creditors: Amounts falling due within one year

6

 

(12,500)

-

Total assets less current liabilities

   

114,842

123,397

Provisions for liabilities

 

(3,356)

(2,282)

Net assets

   

111,486

121,115

Capital and reserves

   

Called up share capital

1

 

1

Retained earnings

111,485

 

121,114

Shareholders' funds

   

111,486

121,115

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 January 2025
 

.........................................

Mrs Hilary Glen Damant
Director

 

Sculpted Ocean Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
14 Dundonald Road
Bristol
BS6 7LW

These financial statements were authorised for issue by the director on 30 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Sculpted Ocean Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Sculpted Ocean Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 May 2023

3,256

3,256

At 30 April 2024

3,256

3,256

Depreciation

At 1 May 2023

3,256

3,256

At 30 April 2024

3,256

3,256

Carrying amount

At 30 April 2024

-

-

5

Debtors

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Other creditors

12,500

-

7

Related party transactions

At the year end the the company owed the director £12,500 (2023: £0). This loan in repayable on demand and no interest has been charged.