Company Registration No. 05377079 (England and Wales)
Search Financial Limited
Unaudited accounts
for the year ended 31 August 2023
Search Financial Limited
Unaudited accounts
Contents
Search Financial Limited
Company Information
for the year ended 31 August 2023
Director
Michael John Meyrick
Company Number
05377079 (England and Wales)
Registered Office
Opus House
Cole Street Lane
Gillingham
SP8 5JQ
United Kingdom
Accountants
Prime Entry Ltd
The Office Rose Cottage
Cole Street Lane
Gillingham
Dorset
SP8 5JQ
Search Financial Limited
Statement of financial position
as at 31 August 2023
Intangible assets
562
1,127
Cash at bank and in hand
4,403
30,944
Creditors: amounts falling due within one year
(47,589)
(32,074)
Net current assets
26,248
65,610
Total assets less current liabilities
26,940
67,089
Creditors: amounts falling due after more than one year
(24,448)
(28,058)
Called up share capital
1
1
Profit and loss account
2,491
39,030
Shareholders' funds
2,492
39,031
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 December 2023 and were signed on its behalf by
Michael John Meyrick
Director
Company Registration No. 05377079
Search Financial Limited
Notes to the Accounts
for the year ended 31 August 2023
Search Financial Limited is a private company, limited by shares, registered in England and Wales, registration number 05377079. The registered office is Opus House, Cole Street Lane , Gillingham, SP8 5JQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on cost
Computer equipment
20% on cost
Other tangible fixed assets
20% on cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Search Financial Limited
Notes to the Accounts
for the year ended 31 August 2023
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2022
280
827
1,107
At 31 August 2023
280
827
1,107
At 1 September 2022
184
571
755
Charge for the year
56
166
222
At 31 August 2023
240
737
977
At 31 August 2023
40
90
130
At 31 August 2022
96
256
352
Amounts falling due within one year
Other debtors
25,000
50,000
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
28,011
5,926
Taxes and social security
16,465
23,208
Loans from directors
413
240
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).