Company registration number 09535906 (England and Wales)
OCEANS ALIVE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
OCEANS ALIVE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
OCEANS ALIVE LIMITED
BALANCE SHEET
AS AT
31 MAY 2025
31 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
17,302
Current assets
Stocks
345,607
415,075
Debtors
4
319,008
304,417
Cash at bank and in hand
284,884
372,651
949,499
1,092,143
Creditors: amounts falling due within one year
5
(148,811)
(174,466)
Net current assets
800,688
917,677
Net assets
800,688
934,979
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
800,588
934,879
Total equity
800,688
934,979

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 22 May 2026 and are signed on its behalf by:
MP Chohan
Director
Company registration number 09535906 (England and Wales)
OCEANS ALIVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 2 -
1
Accounting policies
Company information

Oceans Alive Limited is a private company limited by shares incorporated in England and Wales. The registered office is Tlt LLP, One Redcliff Street, Bristol, BS1 6TP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% Reducing Balance
Fixtures and fittings
10% Straight Line
Computers
25% Straight Line
Website
33% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

OCEANS ALIVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

OCEANS ALIVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 4 -
1.9
Retirement benefits

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
3
Tangible fixed assets
Plant and machinery etc
IT software and equipment
Total
£
£
£
Cost
At 1 June 2024
16,039
19,620
35,659
Disposals
(16,039)
(19,620)
(35,659)
At 31 May 2025
-
0
-
0
-
0
Depreciation and impairment
At 1 June 2024
8,019
10,338
18,357
Depreciation charged in the year
8,020
9,282
17,302
Eliminated in respect of disposals
(16,039)
(19,620)
(35,659)
At 31 May 2025
-
0
-
0
-
0
Carrying amount
At 31 May 2025
-
0
-
0
-
0
At 31 May 2024
8,020
9,282
17,302
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
25,053
104,556
Other debtors
293,955
199,861
319,008
304,417
OCEANS ALIVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 5 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,892
50,136
Taxation and social security
33,162
-
0
Other creditors
113,757
124,330
148,811
174,466
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 May 2025 and of its loss for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Ian Meaburn
Statutory Auditor:
Myers Clark
Date of audit report:
26 May 2026
8
Parent company

The ultimate parent company is MCI Health Investments Limited, a company incorporated in England and Wales. This company prepares group financial statements and copies can be obtained from Eden Point Building B 3rd Floor, Three Acres Lane, Cheadle Hulme, Cheshire, United Kingdom, SK8 6RL.

2025-05-31 2024-06-01 false false false 26 May 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mohsin Chohan Gemma Rippingham 09535906 2024-06-01 2025-05-31 09535906 2025-05-31 09535906 2024-05-31 09535906 core:OtherPropertyPlantEquipment 2025-05-31 09535906 core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2025-05-31 09535906 core:OtherPropertyPlantEquipment 2024-05-31 09535906 core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2024-05-31 09535906 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 09535906 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 09535906 core:WithinOneYear 2025-05-31 09535906 core:WithinOneYear 2024-05-31 09535906 core:CurrentFinancialInstruments 2025-05-31 09535906 core:CurrentFinancialInstruments 2024-05-31 09535906 core:ShareCapital 2025-05-31 09535906 core:ShareCapital 2024-05-31 09535906 core:RetainedEarningsAccumulatedLosses 2025-05-31 09535906 core:RetainedEarningsAccumulatedLosses 2024-05-31 09535906 core:ShareCapitalOrdinaryShareClass1 2025-05-31 09535906 core:ShareCapitalOrdinaryShareClass1 2024-05-31 09535906 bus:Director1 2024-06-01 2025-05-31 09535906 2023-06-01 2024-05-31 09535906 core:OtherPropertyPlantEquipment 2024-05-31 09535906 core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2024-05-31 09535906 2024-05-31 09535906 core:OtherPropertyPlantEquipment 2024-06-01 2025-05-31 09535906 core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2024-06-01 2025-05-31 09535906 bus:OrdinaryShareClass1 2024-06-01 2025-05-31 09535906 bus:OrdinaryShareClass1 2025-05-31 09535906 bus:OrdinaryShareClass1 2024-05-31 09535906 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 09535906 bus:FRS102 2024-06-01 2025-05-31 09535906 bus:Audited 2024-06-01 2025-05-31 09535906 bus:Director2 2024-06-01 2025-05-31 09535906 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 09535906 bus:FullAccounts 2024-06-01 2025-05-31 xbrli:pure xbrli:shares iso4217:GBP