Ocean Trail Limited 31/01/2026 iXBRL

Company registration number: 13138159

Ocean Trail Limited

Unaudited filleted financial statements

31 January 2026

Ocean Trail Limited

Contents

Statement of financial position

Notes to the financial statements

Ocean Trail Limited

Statement of financial position

31 January 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Tangible assets	6	41,234		227,966
		_______		_______
			41,234		227,966

Current assets
Debtors	7	316,406		174,063
Cash at bank and in hand		1,255		1,547
		_______		_______
		317,661		175,610
Creditors: amounts falling due
within one year	8	( 54,743)		( 150,241)
		_______		_______
Net current assets			262,918		25,369
			_______		_______
Total assets less current liabilities			304,152		253,335

Creditors: amounts falling due
after more than one year	9		-		( 15,388)
			_______		_______
Net assets			304,152		237,947
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			304,052		237,847
			_______		_______
Shareholders funds			304,152		237,947
			_______		_______

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

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 29 October 2026 , and are signed on behalf of the board by:

M D Wood

Director

Company registration number: 13138159

Ocean Trail Limited

Notes to the financial statements

Year ended 31 January 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unicorn House, Unicorn House, 221-222 Shoreditch High Street, Shoreditch, London, E1 6PJ.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

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

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Motor vehicles	-	Over four to ten years

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Hire purchase and finance leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all therisks and rewards of ownership to the lessees. All other leases are classified as operating leases.Assets held under finance leases are recognised as assets at the lower of the assets fair value at thedate of inception and the present value of the minimum lease ayments. The related liability is includedin the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capitaland interest elements. The interest is charged to the profit and loss account so as to produce aconstant periodic rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2025: Nil).

5. Profit before taxation

Profit before taxation is stated after charging/(crediting):

	2026	2025
	£	£
Depreciation of tangible assets	5,821	28,073
Loss on disposal of fixed assets	17,223	0
	_______	_______

6. Tangible assets

	Motor vehicles	Total
	£	£
Cost
At 1 February 2025	280,734	280,734
Disposals	( 222,522)	( 222,522)
	_______	_______
At 31 January 2026	58,212	58,212
	_______	_______
Depreciation
At 1 February 2025	52,768	52,768
Charge for the year	5,821	5,821
Disposals	( 41,611)	( 41,611)
	_______	_______
At 31 January 2026	16,978	16,978
	_______	_______
Carrying amount
At 31 January 2026	41,234	41,234
	_______	_______
At 31 January 2025	227,966	227,966
	_______	_______

7. Debtors

	2026	2025
	£	£
Trade debtors	74,028	35,656
Other debtors	242,378	138,407
	_______	_______
	316,406	174,063
	_______	_______

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Corporation tax	28,633	28,329
Social security and other taxes	-	9,194
Other creditors	26,110	112,718
	_______	_______
	54,743	150,241
	_______	_______

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Other creditors	-	15,388
	_______	_______

11. Related party transactions

As at the balance sheet date the company owed £19,010 (2025: £19,010) to the directors of Ocean Trail Ltd. Ocean Trail Limited and Avensys Limited are companies under common control. During the period ended 31 January 2026 Avensys Limited incurred costs of £285,951 (2025: £193,170) in relation to Ocean Trail Limited which were recharged to the company. At 31 January 2026 the sum of £227,046 (2025: £124,872) was owed to Ocean Trail Limited by Avensys Limited.