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OCEAN OUTSOURCING LTD

Registered Number
13871480
(England and Wales)

Unaudited Financial Statements for the Period ended
31 July 2024

OCEAN OUTSOURCING LTD
Company Information
for the period from 1 February 2023 to 31 July 2024

Director

PEARSON, Sophie

Registered Address

61 Bridge Street
Kington
HR5 3DJ

Registered Number

13871480 (England and Wales)
OCEAN OUTSOURCING LTD
Balance Sheet as at
31 July 2024

Notes

31 Jul 2024

31 Jan 2023

£

£

£

£

Fixed assets
Tangible assets37441,353
7441,353
Current assets
Debtors828,856307,851
Cash at bank and on hand875,00459,397
1,703,860367,248
Creditors amounts falling due within one year(1,700,838)(323,072)
Net current assets (liabilities)3,02244,176
Total assets less current liabilities3,76645,529
Net assets3,76645,529
Capital and reserves
Called up share capital11
Profit and loss account3,76545,528
Shareholders' funds3,76645,529
The financial statements were approved and authorised for issue by the Director on 29 April 2025, and are signed on its behalf by:
PEARSON, Sophie
Director
Registered Company No. 13871480
OCEAN OUTSOURCING LTD
Notes to the Financial Statements
for the period ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees

20242023
Average number of employees during the year12
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 February 231,624
At 31 July 241,624
Depreciation and impairment
At 01 February 23271
Charge for year609
At 31 July 24880
Net book value
At 31 July 24744
At 31 January 231,353