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REGISTERED NUMBER: 09593429 (England and Wales)





















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Search4local Limited

Search4local Limited (Registered number: 09593429)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Search4local Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: C D Andrews





REGISTERED OFFICE: Minerva House
Rydon Lane
Pynes Hill
Exeter
Devon
EX2 5JL





REGISTERED NUMBER: 09593429 (England and Wales)





ACCOUNTANTS: Sheppards Accountants Limited
22 The Square
The Millfields
Plymouth
Devon
PL1 3JX

Search4local Limited (Registered number: 09593429)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 125,660 167,965

CURRENT ASSETS
Debtors 5 3,507,930 2,527,831
Cash at bank 1,069,739 974,211
4,577,669 3,502,042
CREDITORS
Amounts falling due within one year 6 3,852,872 2,732,393
NET CURRENT ASSETS 724,797 769,649
TOTAL ASSETS LESS CURRENT
LIABILITIES

850,457

937,614

CREDITORS
Amounts falling due after more than one
year

7

(54,916

)

(54,916

)

PROVISIONS FOR LIABILITIES (28,232 ) (20,375 )
NET ASSETS 767,309 862,323

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 767,308 862,322
SHAREHOLDERS' FUNDS 767,309 862,323

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Search4local Limited (Registered number: 09593429)

Balance Sheet - continued
31 May 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 director and authorised for issue on 18 July 2024 and were signed by:





C D Andrews - Director


Search4local Limited (Registered number: 09593429)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Search4local 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 represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - at varying rates on cost
Plant and machinery - at varying rates on cost
Fixtures and fittings - at varying rates on cost
Motor vehicles - at varying rates on cost
Computer equipment - at varying rates 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Search4local Limited (Registered number: 09593429)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 66 (2023 - 56 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 June 2023 13,683 3,160 38,152
Additions 3,850 - 3,192
At 31 May 2024 17,533 3,160 41,344
DEPRECIATION
At 1 June 2023 950 2,828 23,843
Charge for year 331 107 6,935
At 31 May 2024 1,281 2,935 30,778
NET BOOK VALUE
At 31 May 2024 16,252 225 10,566
At 31 May 2023 12,733 332 14,309

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 106,196 135,186 296,377
Additions - 18,005 25,047
At 31 May 2024 106,196 153,191 321,424
DEPRECIATION
At 1 June 2023 22,124 78,667 128,412
Charge for year 26,549 33,430 67,352
At 31 May 2024 48,673 112,097 195,764
NET BOOK VALUE
At 31 May 2024 57,523 41,094 125,660
At 31 May 2023 84,072 56,519 167,965

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,489,665 2,527,831
Prepayments 18,265 -
3,507,930 2,527,831

Search4local Limited (Registered number: 09593429)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 403 403
Corporation tax 68,506 55,656
Social security and other taxes 80,896 61,806
VAT 220,415 169,766
Accruals and deferred income 3,399,604 2,385,060
Accrued expenses 83,048 59,702
3,852,872 2,732,393

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 54,916 54,916