Ocean PPE Services Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08970305

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		339,976		270,113

			339,976		270,113
CURRENT ASSETS
Stocks	5	11,700		7,500
Debtors	6	14,734		24,539
Cash at bank and in hand		101,880		213,353

		128,314		245,392
Creditors: Amounts Falling Due Within One Year	7	(11,136 )		(55,449 )

NET CURRENT ASSETS (LIABILITIES)			117,178		189,943

TOTAL ASSETS LESS CURRENT LIABILITIES			457,154		460,056

PROVISIONS FOR LIABILITIES
Deferred Taxation			(72,540 )		(58,238 )

NET ASSETS			384,614		401,818

CAPITAL AND RESERVES
Called up share capital	8		3		3
Profit and Loss Account			384,611		401,815

SHAREHOLDERS' FUNDS			384,614		401,818

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Ocean PPE Services Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

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

Mr Nicholas Ward

Director

02/09/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Ocean PPE Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08970305 . The registered office is 16 Dover Road, Southport, Merseyside, PR8 4SY.

2. Accounting Policies

2.1. 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.

2.2. 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 the period of hire, customers are invoiced for hire of eqipment on a monthly basis.

2.3. 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:

Plant & Machinery

15% on reducing balance

2.4. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Ocean PPE Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 2)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 April 2025	727,270
Additions	129,859

As at 31 March 2026	857,129

Depreciation
As at 1 April 2025	457,157
Provided during the period	59,996

As at 31 March 2026	517,153

Net Book Value
As at 31 March 2026	339,976

As at 1 April 2025	270,113

5. Stocks

	2026	2025
	£	£
Stock	11,700	7,500

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	11,604	22,005
Other debtors	3,130	2,534

	14,734	24,539

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Ocean PPE Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Bank loans and overdrafts	-	10
Corporation tax	-	51,092
Other taxes and social security	208	208
VAT	10,395	3,126
Other creditors	87	87
Accruals and deferred income	320	300
Director's loan account	126	626

	11,136	55,449

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	3	3

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