Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31true2024-01-01No description of principal activityfalse88falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04831755 2024-01-01 2024-12-31 04831755 2024-12-31 04831755 2023-01-01 2023-12-31 04831755 2023-12-31 04831755 c:Director1 2024-01-01 2024-12-31 04831755 c:Director2 2024-01-01 2024-12-31 04831755 c:RegisteredOffice 2024-01-01 2024-12-31 04831755 d:PlantMachinery 2024-01-01 2024-12-31 04831755 d:PlantMachinery 2024-12-31 04831755 d:PlantMachinery 2023-12-31 04831755 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04831755 d:FurnitureFittings 2024-01-01 2024-12-31 04831755 d:FurnitureFittings 2024-12-31 04831755 d:FurnitureFittings 2023-12-31 04831755 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04831755 d:OfficeEquipment 2024-01-01 2024-12-31 04831755 d:OfficeEquipment 2024-12-31 04831755 d:OfficeEquipment 2023-12-31 04831755 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04831755 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04831755 d:CurrentFinancialInstruments 2024-12-31 04831755 d:CurrentFinancialInstruments 2023-12-31 04831755 d:Non-currentFinancialInstruments 2024-12-31 04831755 d:Non-currentFinancialInstruments 2023-12-31 04831755 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 04831755 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04831755 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 04831755 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 04831755 d:ShareCapital 2024-12-31 04831755 d:ShareCapital 2023-12-31 04831755 d:RetainedEarningsAccumulatedLosses 2024-12-31 04831755 d:RetainedEarningsAccumulatedLosses 2023-12-31 04831755 c:FRS102 2024-01-01 2024-12-31 04831755 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04831755 c:FullAccounts 2024-01-01 2024-12-31 04831755 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04831755 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Company registration number: 04831755







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024


PLANET OCEAN LIMITED






































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PLANET OCEAN LIMITED
 


 
COMPANY INFORMATION


Directors
Mrs C A Sloane 
Mr T H A Sloane 




Registered number
04831755



Registered office
Unit 16 Camberley Business Centre
Bracebridge

Camberley

Surrey

GU15 3DP




Accountants
Menzies LLP
Chartered Accountants

Victoria House

50-58 Victoria Road

Farnborough

Hampshire

GU14 7PG





 


PLANET OCEAN LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 5

 


PLANET OCEAN LIMITED
REGISTERED NUMBER:04831755



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
10,824
7,868

  
10,824
7,868

Current assets
  

Stocks
  
259,843
443,476

Debtors: amounts falling due within one year
 5 
195,567
349,142

Cash at bank and in hand
  
146,974
1,890

  
602,384
794,508

Creditors: amounts falling due within one year
 6 
(404,908)
(444,379)

Net current assets
  
 
 
197,476
 
 
350,129

Total assets less current liabilities
  
208,300
357,997

Creditors: amounts falling due after more than one year
 7 
(2,082)
(12,730)

Provisions for liabilities
  

Deferred tax
  
-
(1,967)

  
 
 
-
 
 
(1,967)

Net assets
  
206,218
343,300


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
206,216
343,298

  
206,218
343,300


Page 1

 


PLANET OCEAN LIMITED
REGISTERED NUMBER:04831755


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mrs C A Sloane
................................................
Mr T H A Sloane
Director
Director


Date: 18 July 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 


PLANET OCEAN LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Planet Ocean Limited is a private company limited by shares, registered in England and Wales. The address of its registered office and principal place of business is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance
Equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 3

 


PLANET OCEAN LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 8).


4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2024
1,417
25,318
16,003
42,738


Additions
3,425
3,253
-
6,678


Disposals
-
(1,761)
-
(1,761)



At 31 December 2024

4,842
26,810
16,003
47,655



Depreciation


At 1 January 2024
354
19,891
14,625
34,870


Charge for the year on owned assets
1,122
2,130
308
3,560


Disposals
-
(1,599)
-
(1,599)



At 31 December 2024

1,476
20,422
14,933
36,831



Net book value



At 31 December 2024
3,366
6,388
1,070
10,824



At 31 December 2023
1,063
5,427
1,378
7,868

Page 4

 


PLANET OCEAN LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
45,665
205,187

Other debtors
97,067
128,763

Prepayments and accrued income
23,212
15,192

Deferred taxation
29,623
-

195,567
349,142



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
75,977

Bank loans
10,648
10,648

Trade creditors
349,695
321,748

Other taxation and social security
39,315
31,256

Accruals and deferred income
5,250
4,750

404,908
444,379



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
2,082
12,730

2,082
12,730


 
Page 5