Abbreviated Company Accounts - OCEANMART LIMITED

07810851 OCEANMART LIMITED 2013-10-31 false 2012-11-01 2013-10-31 true 07810851 2012-11-01 2013-10-31 07810851 2013-10-31 07810851 2012-10-31 07810851 uk-gaap-cd-bus:Director1 2012-11-01 2013-10-31 07810851 uk-gaap-cd-bus:Director2 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-10-31 uk-gaap-cd-bus:OrdinaryShareClass2 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass2 2012-10-31 uk-gaap-cd-bus:OrdinaryShareClass3 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass3 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass3 2012-10-31 iso4217:GBP shares

Registered Number 07810851

OCEANMART LIMITED

Abbreviated Accounts

31 October 2013

OCEANMART LIMITED Registered Number 07810851

Abbreviated Balance Sheet as at 31 October 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	878,866	489,382
		878,866	489,382
Current assets
Cash at bank and in hand		39,966	2,403
		39,966	2,403
Creditors: amounts falling due within one year		(35,247)	(24,359)
Net current assets (liabilities)		4,719	(21,956)
Total assets less current liabilities		883,585	467,426
Creditors: amounts falling due after more than one year		(739,966)	(401,893)
Total net assets (liabilities)		143,619	65,533
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		143,519	65,433
Shareholders' funds		143,619	65,533

For the year ending 31 October 2013 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 6 January 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 2013

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).

The financial stataments 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 Method

2Tangible fixed assets

	£
Cost
At 1 November 2012	489,777
Additions	389,792
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2013	879,569
Depreciation
At 1 November 2012	395
Charge for the year	308
On disposals	-
At 31 October 2013	703
Net book values
At 31 October 2013	878,866
At 31 October 2012	489,382

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

	2013 £	2012 £
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

No party had control over the company.