Accounts filed on 31-12-2016

Accounts filed on 31-12-2016

OCEANDUSK GROUP LIMITED - Company Information

Print Friendly Version

02609654falseThe principal activity of the company during the year was to supply package travel services to business customers for onwards resale.2016-01-012016-12-31http://www.companieshouse.gov.uk/2015-12-31http://www.companieshouse.gov.uk/cd:Director12016-01-012016-12-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2015-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2015-12-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2016-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12016-01-012016-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2016-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2016-01-012016-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2016-01-012016-12-31http://www.companieshouse.gov.uk/2016-01-012016-12-31http://www.companieshouse.gov.uk/2015-12-31http://www.companieshouse.gov.uk/cd:FRS1022016-01-012016-12-31http://www.companieshouse.gov.uk/2016-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2016-01-012016-12-31http://www.companieshouse.gov.uk/pt:LandBuildings2015-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2016-01-012016-12-31http://www.companieshouse.gov.uk/pt:LandBuildings2016-12-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 02609654
Oceandusk Group Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/12/2016
Prepared By:
Sohail & Co
Accountants
3
Woodpecker Close
Bushey
Herts
WD23 1AW
Oceandusk Group Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/12/2016
DIRECTORS
Wasim Ud-Din
REGISTERED OFFICE
Flotilla House
Battersea Reach
Juniper Drive
London
SW18 1FX
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 02609654
ACCOUNTANTS
Sohail & Co
Accountants
3
Woodpecker Close
Bushey
Herts
WD23 1AW
Oceandusk Group Ltd
ACCOUNTS
FOR THEYEARENDED31/12/2016
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Oceandusk Group Ltd
BALANCE SHEET AT 31/12/2016
20162015
Notes££
FIXED ASSETS
Tangible assets2742,961787,566
CURRENT ASSETS
Debtors31,034,2182,519,967
Cash at bank and in hand95,730495,536
1,129,9483,015,503
CREDITORS: Amounts falling due within one year4996,5922,412,172
NET CURRENT ASSETS133,356603,331
TOTAL ASSETS LESS CURRENT LIABILITIES876,3171,390,897
CREDITORS: Amounts falling due after more than one year5230,000881,803
NET ASSETS646,317509,094
CAPITAL AND RESERVES
Called up share capital725,10025,100
Revaluation reserve1d,8274,974274,974
Profit and loss account346,243209,020
SHAREHOLDERS' FUNDS646,317509,094
For the year ending 31/12/2016 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 07/03/2017 and signed on their behalf by
.............................
Wasim Ud-Din
Director
Oceandusk Group Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2016
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 25%
1c. Pension Costs
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
1d. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 8).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.
2. TANGIBLE FIXED ASSETS
Land AndFixtures
Buildingsand FittingsEquipmentTotal
££££
Cost
At 01/01/2016490,200311,875131,590933,665
At 31/12/2016490,200311,875131,590933,665
Depreciation
At 01/01/2016-107,49438,605146,099
For the year-30,65713,94844,605
At 31/12/2016-138,15152,553190,704
Net Book Amounts
At 31/12/2016490,200173,72479,037742,961
At 31/12/2015490,200204,38192,985787,566
Oceandusk Group Ltd
3. DEBTORS 20162015
££
Amounts falling due within one year
Trade debtors887,7602,382,455
Other debtors-137,512
Prepayments7,031-
Apartmentstay Ltd124,938-
Oceandusk Group Ltd8,604-
Undeposited Fund 12005,885-
1,034,2182,519,967
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20162015
££
UK corporation tax21,395-
Other tax-7,191
Groupstay Ltd 53,451-
Dubai Office100,498-
Directors current account-230,000
Master Card wasim62-
Master Card Govind2,252-
Amex Euro1,448-
Amex 910376,607-
Customer Deposit61-
Trade Creditors 2000 GBP573,2782,049,346
Trade Creditors 2001 Euro19,295-
Trade Creditors 2002 USD64,163-
Payments received on account1,269-
Other creditors65,663-
Accruals-125,635
Unrecognised Commission 5,937-
Unrecognised Income11,213-
996,5922,412,172
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20162015
££
Loans >1yr230,000881,803
230,000881,803
Oceandusk Group Ltd
6. EMPLOYEES
20162015
No.No.
7. SHARE CAPITAL 20162015
££
Allotted, issued and fully paid:
25100 Ordinary shares of £1 each2510025100
25,10025,100
8. REVALUATION RESERVE 20162015
££
Revaluation reserve274,974274,974
274,974274,974