Company Registration No. SC719674 (Scotland)
Oceans cafe Edinburgh Ltd
Unaudited accounts
for the year ended 31 January 2025
Oceans cafe Edinburgh Ltd
Unaudited accounts
Contents
Oceans cafe Edinburgh Ltd
Company Information
for the year ended 31 January 2025
Company Number
SC719674 (Scotland)
Registered Office
UNIT 4A OCEAN TERMINAL
98 OCEAN DRIVE
EDINBURGH
LOTHIAN
EH6 6JJ
UNITED KINGDOM
Accountants
UNAAS Consultants (UK) Limited
1st Floor, Wellesley House
102 Cranbrook Road
Ilford
Essex
IG1 4NH
Oceans cafe Edinburgh Ltd
Statement of financial position
as at 31 January 2025
Tangible assets
23,895
29,869
Cash at bank and in hand
15,578
5,955
Creditors: amounts falling due within one year
(28,032)
(9,526)
Net current assets/(liabilities)
10,522
(1,071)
Called up share capital
100
100
Profit and loss account
34,317
28,698
Shareholders' funds
34,417
28,798
For the year ending 31 January 2025 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 director acknowledges his 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 and authorised for issue on 29 October 2025 and were signed on its behalf by
Huseyin Cengiz
Director
Company Registration No. SC719674
Oceans cafe Edinburgh Ltd
Notes to the Accounts
for the year ended 31 January 2025
Oceans cafe Edinburgh Ltd is a private company, limited by shares, registered in Scotland, registration number SC719674. The registered office is UNIT 4A OCEAN TERMINAL, 98 OCEAN DRIVE, EDINBURGH, LOTHIAN, EH6 6JJ, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
20% on reducing balance
Fixtures & fittings
20% on reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Oceans cafe Edinburgh Ltd
Notes to the Accounts
for the year ended 31 January 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2024
22,649
20,998
43,647
At 31 January 2025
22,649
20,998
43,647
At 1 February 2024
6,218
7,560
13,778
Charge for the year
3,286
2,688
5,974
At 31 January 2025
9,504
10,248
19,752
At 31 January 2025
13,145
10,750
23,895
At 31 January 2024
16,431
13,438
29,869
Amounts falling due after more than one year
Amounts due from group undertakings etc.
20,476
-
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
20,000
-
Taxes and social security
3,699
6,829
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 7 (2024: 7).