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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
Page
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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
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Search Financial Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
562 
1,127 
Tangible assets
130 
352 
692 
1,479 
Current assets
Inventories
35,000 
15,837 
Debtors
34,434 
50,903 
Cash at bank and in hand
4,403 
30,944 
73,837 
97,684 
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)
Net assets
2,492 
39,031 
Capital and reserves
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
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Search Financial Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 September 2022
2,819 
At 31 August 2023
2,819 
Amortisation
At 1 September 2022
1,692 
Charge for the year
565 
At 31 August 2023
2,257 
Net book value
At 31 August 2023
562 
At 31 August 2022
1,127 
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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 
Depreciation
At 1 September 2022
184 
571 
755 
Charge for the year
56 
166 
222 
At 31 August 2023
240 
737 
977 
Net book value
At 31 August 2023
40 
90 
130 
At 31 August 2022
96 
256 
352 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
9,434 
903 
Other debtors
25,000 
50,000 
34,434 
50,903 
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 
Accruals
2,700 
2,700 
47,589 
32,074 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
24,448 
28,058 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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