Abbreviated Company Accounts - OCEANMART LIMITED

07810851 OCEANMART LIMITED 2014-10-31 false 2013-11-01 2014-10-31 true 07810851 2013-11-01 2014-10-31 07810851 2014-10-31 07810851 2013-10-31 07810851 uk-gaap-cd-bus:Director1 2013-11-01 2014-10-31 07810851 uk-gaap-cd-bus:Director2 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass3 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass3 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass3 2013-10-31 iso4217:GBP shares

Registered Number 07810851

OCEANMART LIMITED

Abbreviated Accounts

31 October 2014

OCEANMART LIMITED Registered Number 07810851

Abbreviated Balance Sheet as at 31 October 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	878,558	878,866
		878,558	878,866
Current assets
Cash at bank and in hand		17,247	39,966
		17,247	39,966
Creditors: amounts falling due within one year		(672,663)	(775,213)
Net current assets (liabilities)		(655,416)	(735,247)
Total assets less current liabilities		223,142	143,619
Total net assets (liabilities)		223,142	143,619
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		223,042	143,519
Shareholders' funds		223,142	143,619

For the year ending 31 October 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 19 December 2015

And signed on their behalf by:
M R Patel, Director
Priyesh Patel, Director

OCEANMART LIMITED Registered Number 07810851

Notes to the Abbreviated Accounts for the period ended 31 October 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold - Nil
Fixtures, fittings & equipment - 20% Reducing balance basis

2Tangible fixed assets

	£
Cost
At 1 November 2013	879,569
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	879,569
Depreciation
At 1 November 2013	703
Charge for the year	308
On disposals	-
At 31 October 2014	1,011
Net book values
At 31 October 2014	878,558
At 31 October 2013	878,866

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
25 A Ordinary shares of £1 each	25	25
25 B Ordinary shares of £1 each	25	25
50 C Ordinary shares of £1 each	50	50

Control
No party had control over the company.