1 November 2023 false No description of principal activity Taxfiler 2024.6 14407421business:PrivateLimitedCompanyLtd2023-11-012024-10-31 144074212023-10-31 144074212023-11-012024-10-31 14407421business:AuditExempt-NoAccountantsReport2023-11-012024-10-31 14407421business:FilletedAccounts2023-11-012024-10-31 144074212024-10-31 144074212023-10-31 14407421core:WithinOneYear2024-10-31 14407421core:WithinOneYear2023-10-31 14407421core:ShareCapitalcore:PreviouslyStatedAmount2024-10-31 14407421core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 14407421core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-10-31 14407421core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 14407421core:PreviouslyStatedAmount2024-10-31 14407421core:PreviouslyStatedAmount2023-10-31 14407421business:SmallEntities2023-11-012024-10-31 14407421business:Director12023-11-012024-10-31 14407421countries:EnglandWales2023-11-012024-10-31 14407421business:RegisteredOffice2023-11-012024-10-31 14407421core:WithinOneYear2023-11-012024-10-31 144074212022-10-102023-10-31 iso4217:GBP xbrli:pure
Company Registration No. 14407421 (England and Wales)
Ocean AI Limited Unaudited accounts for the year ended 31 October 2024
Ocean AI Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
13,896 
4,786 
Creditors: amounts falling due within one year
(91,660)
(40,005)
Net current liabilities
(77,764)
(35,219)
Net liabilities
(77,764)
(35,219)
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
(77,964)
(35,419)
Shareholders' funds
(77,764)
(35,219)
For the year ending 31 October 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 8 April 2025 and were signed on its behalf by
Dmytro Karamshuk Director Company Registration No. 14407421
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Ocean AI Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Ocean AI Limited is a private company, limited by shares, registered in England and Wales, registration number 14407421. The registered office is 48 ASH HILL ROAD, TORQUAY, TQ1 3JD, ENGLAND.
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.
4
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
1,125 
Taxes and social security
4,690 
3,072 
Loans from directors
86,550 
35,488 
Accruals
420 
320 
91,660 
40,005 
The directors agree not to seek repayment of the directors loan account until the company has sufficient funds to do so.
5
Average number of employees
During the year the average number of employees was 3 (2023: 4).
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