OCEANS_-_ESU_LIMITED - Accounts
OCEANS_-_ESU_LIMITED - Accounts
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2014
Company Registration No. 02683741 (England and Wales)
COMPANY INFORMATION
Directors
Secretary
Company number
Registered office
Accountants
Business address
Barnsley Business and Innovation Centre
Innovation Way
Wilthorpe
Barnsley
S75 1JL
Bankers
Barclays Bank plc
27 Church Street
Barnsley
South Yorkshire
S70 2AJ
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
ABBREVIATED BALANCE SHEET
AS AT
31 JULY 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
3
(378,783 )
(201,736 )
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more than one year
4
(151,450 )
(210,085 )
Provisions for liabilities
(4,388 )
-
Capital and reserves
Called up share capital
5
Profit and loss account
Shareholders' funds
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2014
- 2 -
Directors' responsibilities:
-
-
Approved by the Board and authorised for issue on 10 October 2014
Director
Company Registration No. 02683741
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2014
- 3 -
1
Accounting policies
1.1
Accounting convention
1.2
Turnover
1.3
Tangible fixed assets and depreciation
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
1.4
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.5
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.6
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
1.7
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2014
- 4 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 August 2013
701
126,812
Additions
-
61,984
Disposals
(38,866 )
-
(38,866)
At 31 July 2014
701
149,930
Depreciation
At 1 August 2013
701
66,226
On disposals
(18,546 )
-
(18,546)
Charge for the year
-
18,746
At 31 July 2014
701
66,426
Net book value
At 31 July 2014
-
83,504
At 31 July 2013
-
60,586
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £11,106 (2013 - £8,370).
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £34,496 (2013 - £18,821).
5
Share capital
2014
2013
£
£
Allotted, called up and fully paid