Abbreviated Company Accounts - OCEANDUSK LIMITED

OCEANDUSK GROUP LIMITED - Company Information

Registered Number 02609654

OCEANDUSK LIMITED

Abbreviated Accounts

31 December 2013

OCEANDUSK LIMITED Registered Number 02609654

Abbreviated Balance Sheet as at 31 December 2013

	Notes	31/12/2013	31/05/2013
		£	£
Fixed assets
Tangible assets	2	773,394	201,068
		773,394	201,068
Current assets
Debtors		168,361	113,645
Cash at bank and in hand		65,552	156,662
		233,913	270,307
Creditors: amounts falling due within one year		(299,790)	(180,904)
Net current assets (liabilities)		(65,877)	89,403
Total assets less current liabilities		707,517	290,471
Creditors: amounts falling due after more than one year		(448,910)	(330,598)
Total net assets (liabilities)		258,607	(40,127)
Capital and reserves
Called up share capital		25,100	25,100
Profit and loss account		233,507	(65,227)
Shareholders' funds		258,607	(40,127)

For the year ending 31 December 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 12 April 2014

And signed on their behalf by:
Mr. Wasim Ud-Din, Director

OCEANDUSK LIMITED Registered Number 02609654

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of hotel reservation services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 6 % straight line
Motor vehicles 9 % straight line

2Tangible fixed assets

	£
Cost
At 1 June 2013	492,595
Additions	800,550
Disposals	(492,595)
Revaluations	-
Transfers	-
At 31 December 2013	800,550
Depreciation
At 1 June 2013	291,527
Charge for the year	27,156
On disposals	(291,527)
At 31 December 2013	27,156
Net book values
At 31 December 2013	773,394
At 31 May 2013	201,068