Registered number
09381562
Oriental Cargo Shipping Limited
Filleted Accounts
31 January 2025
Oriental Cargo Shipping Limited
Registered number: 09381562
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 4 300 3,900
Current assets
Debtors 5 98,145 98,145
Cash at bank and in hand 45,020 68,482
143,165 166,627
Creditors: amounts falling due within one year 6 (4,348) (3,875)
Net current assets 138,817 162,752
Net assets 139,117 166,652
Capital and reserves
Called up share capital 1 1
Profit and loss account 139,116 166,651
Shareholders' funds 139,117 166,652
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Y Wang
Director
Approved by the board on 23 July 2025
Oriental Cargo Shipping Limited
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Going conern
The company made a loss for the year but at the balance sheet date has net current assets and net assets. The directors have obtained assurance from the shareholders that funds will be made available to the company so that it will be able to carry on trading and meet its financial obligations as and when they fall due for at least twelve months from the date the ccounts are approved. The accounts have been prepared under going concern on this basis.
3 Employees 2025 2024
Number Number
Average number of persons employed by the company 0 0
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2024 18,000
At 31 January 2025 18,000
Depreciation
At 1 February 2024 14,100
Charge for the year 3,600
At 31 January 2025 17,700
Net book value
At 31 January 2025 300
At 31 January 2024 3,900
5 Debtors 2025 2024
£ £
Trade debtors 260 260
Other debtors 97,885 97,885
98,145 98,145
6 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 815 815
Accruals and deferred income - 2,300
VAT account 1,233 760
Other creditors 2,300 -
4,348 3,875
7 Other information
Oriental Cargo Shipping Limited is a private company limited by shares and incorporated in England. Its registered office is:
Cherrels
Mill Road, Bethersden
Ashford
Kent
TN26 3DA
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