Registered number
09755424
SearchTurbo Ltd
Filleted Accounts
31 December 2023
SearchTurbo Ltd
Registered number: 09755424
Balance Sheet
as at 31 December 2023
Notes 2023 2022
Fixed assets
Intangible assets 3 2,404 2,404
Tangible assets 4 219,797 234,738
222,201 237,142
Current assets
Debtors 5 314,869 411,136
Cash at bank and in hand 57,475 265,436
372,344 676,572
Creditors: amounts falling due within one year 6 (279,180) (656,569)
Net current assets 93,164 20,003
Total assets less current liabilities 315,365 257,145
Creditors: amounts falling due after more than one year 7 (153,394) -
Net assets 161,971 257,145
Capital and reserves
Called up share capital 3 3
Profit and loss account 161,968 257,142
Shareholders' funds 161,971 257,145
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Ruhrig
Director
Approved by the board on 23 August 2024
SearchTurbo Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over various rates
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets
Cost
At 1 January 2023 443,767
At 31 December 2023 443,767
Amortisation
At 1 January 2023 441,363
At 31 December 2023 441,363
Net book value
At 31 December 2023 2,404
At 31 December 2022 2,404
4 Tangible fixed assets
Motor vehicles Plant and machinery etc Fixtures & fittings Total
Cost
At 1 January 2023 70,586 63,694 187,778 322,058
Additions - 22,442 20,978 43,420
At 31 December 2023 70,586 86,136 208,756 365,478
Depreciation
At 1 January 2023 17,650 29,303 40,367 87,320
Charge for the year 11,767 7,989 38,605 58,361
At 31 December 2023 29,417 37,292 78,972 145,681
Net book value
At 31 December 2023 41,169 48,844 129,784 219,797
At 31 December 2022 52,936 34,391 147,411 234,738
5 Debtors 2023 2022
Trade debtors 217,905 363,741
Due from group undertakings 12,737 12,737
Other taxes and social security 49,754 -
Prepayments 2,473 2,658
Other debtors 32,000 32,000
314,869 411,136
6 Creditors: amounts falling due within one year 2023 2022
Deferred income 1,904 4,284
Trade creditors 36,296 23,322
Due to group undertakings 25,072 25,073
Other taxes and social security 8,738 96,802
Accruals 182,770 481,489
Other creditors 24,400 25,599
279,180 656,569
7 Creditors: amounts falling due after one year 2023 2022
Bank loans 153,394 -
8 Other information
SearchTurbo Ltd is a private company limited by shares and incorporated in England. Its registered office is:
124 City Road
London
EC1V 2NX
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