Company registration number 11998951 (England and Wales)
Search Point Ltd
Unaudited
financial statements
for the year ended 30 September 2023
PAGES FOR FILING WITH REGISTRAR
Search Point Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Search Point Ltd
Statement of financial position
as at 30 September 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
2
2,500,000
2,500,000
Current assets
Debtors
514,257
2,380,514
Cash at bank and in hand
248,026
1,472,302
762,283
3,852,816
Creditors: amounts falling due within one year
(761,000)
(759,427)
Net current assets
1,283
3,093,389
Total assets less current liabilities
2,501,283
5,593,389
Creditors: amounts falling due after more than one year
(1,150,000)
(1,150,000)
Net assets
1,351,283
4,443,389
Capital and reserves
Called up share capital
3
105
105
Capital redemption reserve
1,350,000
1,350,000
Profit and loss reserves
1,178
3,093,284
Total equity
1,351,283
4,443,389

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their 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.

Search Point Ltd
Statement of financial position (continued)
as at 30 September 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 27 October 2023 and are signed on its behalf by:
S Davis
Director
Company registration number 11998951 (England and Wales)
Search Point Ltd
Notes to the financial statements
for the year ended 30 September 2023
- 3 -
1
Accounting policies
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 £.

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

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. Turnover is recognised upon provision and services.

Intangible fixed assets - goodwill

Acquired Goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Retirement benefits

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

2
Intangible fixed assets
Total
£
Cost
At 1 October 2022 and 30 September 2023
2,500,000
Amortisation and impairment
At 1 October 2022 and 30 September 2023
-
0
Carrying amount
At 30 September 2023
2,500,000
At 30 September 2022
2,500,000
Search Point Ltd
Notes to the financial statements (continued)
for the year ended 30 September 2023
- 4 -
3
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A ordinary shares of £1 each
100
100
100
100
C ordinary shares of £1 each
5
5
5
5
105
105
105
105
2023
2022
2023
2022
Preference share capital
Number
Number
£
£
Issued and fully paid
Preference shares of £1 each
1,150,000
1,150,000
1,150,000
1,150,000
Preference shares classified as liabilities
1,150,000
1,150,000
4
Company information

Search Point Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 5 Temple Point, Finch Drive, Bullerthorpe Lane, Colton, LS15 9JL.

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