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REGISTERED NUMBER: 06689960 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Oyster Search & Selection Limited

Oyster Search & Selection Limited (Registered number: 06689960)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oyster Search & Selection Limited

Company Information
for the Year Ended 30 September 2024







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

Oyster Search & Selection Limited (Registered number: 06689960)

Balance Sheet
30 September 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 5 45,374 55,575
Cash at bank 4,844 -
50,218 55,575
CREDITORS
Amounts falling due within one year 6 40,313 43,175
NET CURRENT ASSETS 9,905 12,400
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,905

12,400

CREDITORS
Amounts falling due after more than one
year

7

9,738

12,355
NET ASSETS 167 45

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 165 43
SHAREHOLDERS' FUNDS 167 45

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

Oyster Search & Selection Limited (Registered number: 06689960)

Balance Sheet - continued
30 September 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 May 2025 and were signed on its behalf by:





Mr M B Pickup - Director


Oyster Search & Selection Limited (Registered number: 06689960)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Oyster Search & Selection 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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 balance sheet date.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Oyster Search & Selection Limited (Registered number: 06689960)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 1,170 6,576 7,746
DEPRECIATION
At 1 October 2023
and 30 September 2024 1,170 6,576 7,746
NET BOOK VALUE
At 30 September 2024 - - -
At 30 September 2023 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 40,682 27,000
Directors' current accounts 4,692 25,661
Prepayments - 2,914
45,374 55,575

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 6,868 11,821
Tax 18,319 20,261
Social security and other taxes 1,133 -
VAT 12,993 10,093
Accrued expenses 1,000 1,000
40,313 43,175

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 9,738 12,355

Oyster Search & Selection Limited (Registered number: 06689960)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 4,885
Bank loans 6,868 6,936
6,868 11,821

Amounts falling due between one and two years:
Bank loans - 1-2 years 6,868 6,936

Amounts falling due between two and five years:
Bank loans - 2-5 years 2,870 5,419

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Mr M B Pickup and Mrs R M Pickup
Balance outstanding at start of year 25,661 16,024
Amounts advanced 4,692 25,661
Amounts repaid (25,661 ) (16,024 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,692 25,661