Oyster Search & Selection Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06689960 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2016

for

Oyster Search & Selection Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr M B Pickup

Mrs R M Pickup

SECRETARY:

Mr M B Pickup

REGISTERED OFFICE:

Fairfield House

Fairfield Road

Framlingham

Woodbridge

Suffolk

IP13 9DQ

REGISTERED NUMBER:

06689960 (England and Wales)

ACCOUNTANTS:

Turner & Ellerby

Chartered Certified Accountants

5 Church Street

Framlingham

Woodbridge

Suffolk

IP13 9BQ

FIXED ASSETS

Tangible assets

2

398

935

CURRENT ASSETS

Debtors

17,744

39,022

Cash at bank

5,232

1,682

22,976

40,704

CREDITORS

Amounts falling due within one year

17,942

31,222

NET CURRENT ASSETS

5,034

9,482

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,432

10,417

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

5,430

10,415

SHAREHOLDERS' FUNDS

5,432

10,417

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as
at the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 23 June 2017 and were signed on its
behalf by:

Mr M B Pickup - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

and 30 September 2016

6,450

DEPRECIATION

At 1 October 2015

5,515

Charge for year

537

At 30 September 2016

6,052

NET BOOK VALUE

At 30 September 2016

398

At 30 September 2015

935

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2016

and 30 September 2015:

2016

2015

£

Mr M B Pickup and Mrs R M Pickup

Balance outstanding at start of year

127

207

Amounts advanced

168

127

Amounts repaid

(127

)

(207

)

Balance outstanding at end of year

168

127

5.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M & R Pickup.