Oyster Luxury Travel and Diving Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 05747422 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

OYSTER LUXURY TRAVEL AND DIVING LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

M Murphy

REGISTERED OFFICE:

1-2 Harbour House

Harbour Way

Shoreham By Sea

West Sussex

BN43 5HZ

REGISTERED NUMBER:

05747422 (England and Wales)

ACCOUNTANTS:

Peter Jarman LLP

trading as

Peter Jarman & Company

1 Harbour House

Harbour Way

Shoreham by Sea

West Sussex

BN43 5HZ

FIXED ASSETS

Tangible assets

4

11,221

19,661

CURRENT ASSETS

Stocks

11,321

-

Debtors

5

32,309

33,966

Cash at bank

11,316

20,925

54,946

54,891

CREDITORS

Amounts falling due within one year

6

(52,974

)

(52,272

)

NET CURRENT ASSETS

1,972

2,619

TOTAL ASSETS LESS CURRENT LIABILITIES

13,193

22,280

PROVISIONS FOR LIABILITIES

(2,132

)

(3,932

)

NET ASSETS

11,061

18,348

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

1,061

8,348

SHAREHOLDERS' FUNDS

11,061

18,348

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 27 June 2018 and were signed by:

M Murphy - Director

1.	STATUTORY INFORMATION

Oyster Luxury Travel and Diving Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

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

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

69,620

Additions

3,420

At 31 March 2018

73,040

DEPRECIATION

At 1 April 2017

49,959

Charge for year

11,860

At 31 March 2018

61,819

NET BOOK VALUE

At 31 March 2018

11,221

At 31 March 2017

19,661

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

7,984

8,285

Other debtors

24,325

25,681

32,309

33,966

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

4,242

2,437

Taxation and social security

16,383

13,277

Other creditors

32,349

36,558

52,974

52,272

7.	RELATED PARTY DISCLOSURES

During the year, purchases totalling £11,393 were made from Oyster Diving Shop, a company in which Mr

Murphy is a director and shareholder.