31 December 2023 false No description of principal activity Taxfiler 2024.6 1603111business:PrivateLimitedCompanyLtd2023-12-312024-12-30 16031112023-12-30 16031112023-12-312024-12-30 1603111business:AuditExempt-NoAccountantsReport2023-12-312024-12-30 1603111business:FilletedAccounts2023-12-312024-12-30 16031112024-12-30 1603111business:Director12023-12-312024-12-30 1603111business:Director22023-12-312024-12-30 1603111business:RegisteredOffice2023-12-312024-12-30 16031112023-12-30 1603111core:WithinOneYear2024-12-30 1603111core:WithinOneYear2023-12-30 1603111core:AfterOneYear2024-12-30 1603111core:AfterOneYear2023-12-30 1603111core:ShareCapitalcore:PreviouslyStatedAmount2024-12-30 1603111core:ShareCapitalcore:PreviouslyStatedAmount2023-12-30 1603111core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-30 1603111core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-30 1603111core:PreviouslyStatedAmount2024-12-30 1603111core:PreviouslyStatedAmount2023-12-30 1603111business:SmallEntities2023-12-312024-12-30 1603111countries:EnglandWales2023-12-312024-12-30 1603111core:FurnitureFittings2023-12-312024-12-30 1603111core:FurnitureFittings2023-12-30 1603111core:FurnitureFittings2024-12-30 16031112022-12-312023-12-30 iso4217:GBP xbrli:pure
Company Registration No. 1603111 (England and Wales)
OCEAN CHANDLERY LTD Unaudited accounts for the year ended 30 December 2024
OCEAN CHANDLERY LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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OCEAN CHANDLERY LTD Company Information for the year ended 30 December 2024
Directors
Mr S Anderson Ms E Townsend
Company Number
1603111 (England and Wales)
Registered Office
Thornham Marina Thornham Lane Emsworth PO10 8DD England
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OCEAN CHANDLERY LTD Statement of financial position as at 30 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
6,824 
7,829 
Current assets
Inventories
400,959 
320,014 
Debtors
5
- 
4,414 
Cash at bank and in hand
63,065 
62,902 
464,024 
387,330 
Creditors: amounts falling due within one year
6
(134,907)
(71,500)
Net current assets
329,117 
315,830 
Total assets less current liabilities
335,941 
323,659 
Creditors: amounts falling due after more than one year
7
(101,958)
(85,958)
Net assets
233,983 
237,701 
Capital and reserves
Called up share capital
1,030 
1,030 
Profit and loss account
232,953 
236,671 
Shareholders' funds
233,983 
237,701 
For the year ending 30 December 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 18 September 2025 and were signed on its behalf by
Mr S Anderson Director Company Registration No. 1603111
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OCEAN CHANDLERY LTD Notes to the Accounts for the year ended 30 December 2024
1
Statutory information
OCEAN CHANDLERY LTD is a private company, limited by shares, registered in England and Wales, registration number 1603111. The registered office is Thornham Marina, Thornham Lane, Emsworth, PO10 8DD, 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.
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.
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:
Fixtures & fittings
25% on reducing balance
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 31 December 2023
48,449 
Additions
1,236 
At 30 December 2024
49,685 
Depreciation
At 31 December 2023
40,620 
Charge for the year
2,241 
At 30 December 2024
42,861 
Net book value
At 30 December 2024
6,824 
At 30 December 2023
7,829 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
4,414 
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OCEAN CHANDLERY LTD Notes to the Accounts for the year ended 30 December 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,131 
- 
Trade creditors
119,402 
51,829 
Taxes and social security
10,890 
16,749 
Other creditors
484 
922 
Accruals
2,000 
2,000 
134,907 
71,500 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
101,958 
85,958 
8
Average number of employees
During the year the average number of employees was 9 (2023: 9).
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