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REGISTERED NUMBER: 05747422 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

OYSTER LUXURY TRAVEL AND DIVING LIMITED

OYSTER LUXURY TRAVEL AND DIVING LIMITED (REGISTERED NUMBER: 05747422)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


OYSTER LUXURY TRAVEL AND DIVING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr 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

OYSTER LUXURY TRAVEL AND DIVING LIMITED (REGISTERED NUMBER: 05747422)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 7,641 10,092

CURRENT ASSETS
Stocks 44,985 25,000
Debtors 5 292,397 318,645
Cash at bank and in hand 144,605 167,817
481,987 511,462
CREDITORS
Amounts falling due within one year 6 (484,759 ) (505,311 )
NET CURRENT (LIABILITIES)/ASSETS (2,772 ) 6,151
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,869

16,243

CREDITORS
Amounts falling due after more than one
year

7

(42,667

)

(61,514

)

PROVISIONS FOR LIABILITIES 8 (1,452 ) (1,917 )
NET LIABILITIES (39,250 ) (47,188 )

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings (49,250 ) (57,188 )
SHAREHOLDERS' FUNDS (39,250 ) (47,188 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

OYSTER LUXURY TRAVEL AND DIVING LIMITED (REGISTERED NUMBER: 05747422)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 28 November 2023 and were signed by:





Mr M Murphy - Director


OYSTER LUXURY TRAVEL AND DIVING LIMITED (REGISTERED NUMBER: 05747422)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

OYSTER LUXURY TRAVEL AND DIVING LIMITED (REGISTERED NUMBER: 05747422)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 110,395
Additions 4,292
At 31 March 2023 114,687
DEPRECIATION
At 1 April 2022 100,303
Charge for year 6,743
At 31 March 2023 107,046
NET BOOK VALUE
At 31 March 2023 7,641
At 31 March 2022 10,092

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,995 5,377
Other debtors 287,402 313,268
292,397 318,645

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 16,028 16,000
Hire purchase contracts 2,847 3,106
Trade creditors 175,266 145,554
Taxation and social security 20,565 24,601
Other creditors 270,053 316,050
484,759 505,311

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 42,667 58,667
Hire purchase contracts - 2,847
42,667 61,514

OYSTER LUXURY TRAVEL AND DIVING LIMITED (REGISTERED NUMBER: 05747422)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,452 1,917

Deferred
tax
£   
Balance at 1 April 2022 1,917
Capital allowances in advance (465 )
of depreciation
Losses carried forward
Balance at 31 March 2023 1,452