Company registration number 05768252 (England and Wales)
OYSTER WORLDWIDE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
OYSTER WORLDWIDE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
OYSTER WORLDWIDE LIMITED (REGISTERED NUMBER: 05768252)
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
4,405
2,989
Current assets
Debtors
4
54,408
52,745
Cash at bank and in hand
200,484
264,827
254,892
317,572
Creditors: amounts falling due within one year
5
(193,165)
(210,218)
Net current assets
61,727
107,354
Total assets less current liabilities
66,132
110,343
Creditors: amounts falling due after more than one year
6
(66,000)
(110,000)
Net assets
132
343
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
32
243
Total equity
132
343

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

OYSTER WORLDWIDE LIMITED (REGISTERED NUMBER: 05768252)
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2024
30 April 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 30 September 2024
Mr R P Salwey
Director
OYSTER WORLDWIDE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
1
Accounting policies
Company information

Oyster Worldwide Limited is a private company limited by shares incorporated in England and Wales. The registered office is 10 Upper Grosvenor Road, Tunbridge Wells, England, TN1 2EP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents the company's revenue in respect of tour packages, including flights, and accommodation, excluding value added tax. Turnover is recognised on the date of departure of each holiday.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% straight line
Fixtures and fittings
10% straight line
Computers
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

1.5
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

OYSTER WORLDWIDE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
6
5
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 May 2023
17,251
6,781
15,878
39,910
Additions
-
0
299
2,122
2,421
At 30 April 2024
17,251
7,080
18,000
42,331
Depreciation and impairment
At 1 May 2023
17,251
3,974
15,696
36,921
Depreciation charged in the year
-
0
495
510
1,005
At 30 April 2024
17,251
4,469
16,206
37,926
Carrying amount
At 30 April 2024
-
0
2,611
1,794
4,405
At 30 April 2023
-
0
2,807
182
2,989
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
54,408
52,745
OYSTER WORLDWIDE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 5 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
40,000
40,000
Trade creditors
7,926
26,021
Taxation and social security
4,991
7,486
Other creditors
140,248
136,711
193,165
210,218
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
66,000
110,000
7
Financial commitments, guarantees and contingent liabilities

In 2021, the company borrowed £200,000 from its bankers as part of the Coronavirus Business Interruption Loan Scheme. As part of this loan scheme the UK government has guaranteed the advance and has paid the interest and fees due for the first 12 months.

8
Related party transactions

At the balance sheet date, the director owed the company £38,319 (2023: £18,801). This loan is repayable on demand and subject to interest at 2.25%. This balance is included in other debtors.

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