Ocean Blue Clothing Limited


Director	Mrs E J Evans


Company Secretary	Mr M T Dell


Registered Address	1a Eddystone Road
	Wadebridge
	PL27 7AL


Registered Number	04529268 (England and Wales)

Balance Sheet as at
30 September 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		16,447		19,714
			16,447		19,714
Current assets
Debtors		162,264		202,220
Cash at bank and on hand		291,598		247,488
		453,862		449,708
Creditors amounts falling due within one year	4	(60,521)		(57,390)
Net current assets (liabilities)			393,341		392,318
Total assets less current liabilities			409,788		412,032
Net assets			409,788		412,032
Capital and reserves
Called up share capital			2		2
Profit and loss account			409,786		412,030
Shareholders' funds			409,788		412,032

The company was entitled to exemption from audit for this reporting period 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 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 21 November 2025, and are signed on its behalf by:

Mrs E J Evans
Director
Registered Company No. 04529268

Ocean Blue Clothing Limited

Notes to the Financial Statements
for the year ended 30 September 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	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.

Revenue from sale of goods

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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	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.

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	3
Vehicles	20	-
Office Equipment	15	-

2.	Average number of employees


		2025		2024
	Average number of employees during the year	10		13

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Total
	£	£	£	£
Cost or valuation
At 01 October 24	8,086	53,728	31,104	92,918
At 30 September 25	8,086	53,728	31,104	92,918
Depreciation and impairment
At 01 October 24	8,086	40,217	24,901	73,204
Charge for year	-	2,026	1,241	3,267
At 30 September 25	8,086	42,243	26,142	76,471
Net book value
At 30 September 25	-	11,485	4,962	16,447
At 30 September 24	-	13,511	6,203	19,714

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	15,083	24,970
Bank borrowings and overdrafts	443	1,265
Taxation and social security	36,319	23,739
Other creditors	27	2
Accrued liabilities and deferred income	8,649	7,414
Total	60,521	57,390


	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.