Acorah Software Products - Accounts Production 16.6.950 false true 28 February 2024 1 March 2023 false 29 February 2024 28 February 2025 28 February 2025 13179451 Mr Dr Liaqat Malik iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13179451 2024-02-28 13179451 2025-02-28 13179451 2024-02-29 2025-02-28 13179451 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-02-28 13179451 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 2025-02-28 13179451 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-28 13179451 frs-core:PlantMachinery 2025-02-28 13179451 frs-core:PlantMachinery 2024-02-29 2025-02-28 13179451 frs-core:PlantMachinery 2024-02-28 13179451 frs-core:ShareCapital 2025-02-28 13179451 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 13179451 frs-bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 13179451 frs-bus:FilletedAccounts 2024-02-29 2025-02-28 13179451 frs-bus:SmallEntities 2024-02-29 2025-02-28 13179451 frs-bus:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 13179451 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 13179451 frs-bus:Director1 2024-02-29 2025-02-28 13179451 frs-countries:EnglandWales 2024-02-29 2025-02-28 13179451 2023-02-28 13179451 2024-02-28 13179451 2023-03-01 2024-02-28 13179451 frs-core:CurrentFinancialInstruments 2024-02-28 13179451 frs-core:ShareCapital 2024-02-28 13179451 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28
Registered number: 13179451
Ocean Commercial Limited
Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13179451
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 511,081 477,451
511,081 477,451
CURRENT ASSETS
Cash at bank and in hand 3,052 236
3,052 236
Creditors: Amounts Falling Due Within One Year 4 - (6,199 )
NET CURRENT ASSETS (LIABILITIES) 3,052 (5,963 )
TOTAL ASSETS LESS CURRENT LIABILITIES 514,133 471,488
NET ASSETS 514,133 471,488
CAPITAL AND RESERVES
Called up share capital 5 481,974 468,974
Profit and Loss Account 32,159 2,514
SHAREHOLDERS' FUNDS 514,133 471,488
For the year ending 28 February 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
04/12/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold NIL
Plant & Machinery 10%
2. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
3. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 29 February 2024 465,755 13,891 479,646
Additions - 36,255 36,255
As at 28 February 2025 465,755 50,146 515,901
Depreciation
As at 29 February 2024 - 2,195 2,195
Provided during the period - 2,625 2,625
As at 28 February 2025 - 4,820 4,820
Net Book Value
As at 28 February 2025 465,755 45,326 511,081
As at 29 February 2024 465,755 11,696 477,451
Page 2
Page 3
4. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 6,199
5. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 481,974 468,974
Page 3