1 February 2023 false No description of principal activity Taxfiler 2024.6 SC719674business:PrivateLimitedCompanyLtd2023-02-012024-01-31 SC7196742023-01-31 SC7196742023-02-012024-01-31 SC719674business:AuditExemptWithAccountantsReport2023-02-012024-01-31 SC719674business:FilletedAccounts2023-02-012024-01-31 SC7196742024-01-31 SC719674business:Director12023-02-012024-01-31 SC719674business:Director22023-02-012024-01-31 SC719674business:RegisteredOffice2023-02-012024-01-31 SC7196742023-01-31 SC719674core:WithinOneYear2024-01-31 SC719674core:WithinOneYear2023-01-31 SC719674core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 SC719674core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 SC719674core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 SC719674core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 SC719674core:PreviouslyStatedAmount2024-01-31 SC719674core:PreviouslyStatedAmount2023-01-31 SC719674business:SmallEntities2023-02-012024-01-31 SC719674countries:Scotland2023-02-012024-01-31 SC719674core:PlantMachinery2023-02-012024-01-31 SC719674core:FurnitureFittings2023-02-012024-01-31 SC719674core:PlantMachinery2023-01-31 SC719674core:FurnitureFittings2023-01-31 SC719674core:PlantMachinery2024-01-31 SC719674core:FurnitureFittings2024-01-31 SC719674business:OrdinaryShareClass12023-02-012024-01-31 SC719674business:OrdinaryShareClass12022-01-132023-01-31 SC7196742022-01-132023-01-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC719674 (Scotland)
Oceans cafe Edinburgh Ltd Unaudited accounts for the year ended 31 January 2024
Oceans cafe Edinburgh Ltd Unaudited accounts Contents
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Oceans cafe Edinburgh Ltd Company Information for the year ended 31 January 2024
Directors
Huseyin Cengiz Murat Aksakalli
Company Number
SC719674 (Scotland)
Registered Office
UNIT 4A OCEAN TERMINAL 98 OCEAN DRIVE EDINBURGH LOTHIAN EH6 6JJ UNITED KINGDOM
Accountants
UNAAS Consultants (UK) Limited 1st Floor, Wellesley House 102 Cranbrook Road Ilford Essex IG1 4NH
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Oceans cafe Edinburgh Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
29,869 
25,238 
Current assets
Inventories
2,500 
5,000 
Cash at bank and in hand
5,955 
1,732 
8,455 
6,732 
Creditors: amounts falling due within one year
(9,526)
(13,772)
Net current liabilities
(1,071)
(7,040)
Net assets
28,798 
18,198 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
28,698 
18,098 
Shareholders' funds
28,798 
18,198 
For the year ending 31 January 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by
Huseyin Cengiz Director Company Registration No. SC719674
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Oceans cafe Edinburgh Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Oceans cafe Edinburgh Ltd is a private company, limited by shares, registered in Scotland, registration number SC719674. The registered office is UNIT 4A OCEAN TERMINAL, 98 OCEAN DRIVE, EDINBURGH, LOTHIAN, EH6 6JJ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
Fixtures & fittings
20% on reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Oceans cafe Edinburgh Ltd Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
10,550 
20,998 
31,548 
Additions
12,099 
- 
12,099 
At 31 January 2024
22,649 
20,998 
43,647 
Depreciation
At 1 February 2023
2,110 
4,200 
6,310 
Charge for the year
4,108 
3,360 
7,468 
At 31 January 2024
6,218 
7,560 
13,778 
Net book value
At 31 January 2024
16,431 
13,438 
29,869 
At 31 January 2023
8,440 
16,798 
25,238 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,613 
7,452 
Taxes and social security
6,829 
2,143 
Loans from directors
- 
4,177 
Accruals
1,084 
- 
9,526 
13,772 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Transactions with related parties
During the year, company paid £40,000 (2023: £11,200) dividends to its shareholders.
8
Average number of employees
During the year the average number of employees was 7 (2023: 5).
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