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Company Registration No. 10179984 (England and Wales)
Success Local Limited Unaudited accounts for the year ended 31 May 2024
Success Local Limited Unaudited accounts Contents
Page
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Success Local Limited Company Information for the year ended 31 May 2024
Directors
Paul Trilk David Pearson Maria Trilk Zoe-Marie Pearson Ryan Simmonds
Company Number
10179984 (England and Wales)
Registered Office
20 SPRINGFIELD ROAD RUSHDEN NORTHANTS NN10 0QT ENGLAND
Accountants
I.T Finlay Limited Suit 2, Eagle House Bilton Way Lutterworth Leicestershire LE17 4AJ
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Success Local Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
21,743 
29,373 
Current assets
Debtors
23,145 
29,081 
Cash at bank and in hand
313,429 
310,381 
336,574 
339,462 
Creditors: amounts falling due within one year
(332,989)
(344,978)
Net current assets/(liabilities)
3,585 
(5,516)
Total assets less current liabilities
25,328 
23,857 
Provisions for liabilities
Deferred tax
(5,436)
(7,156)
Net assets
19,892 
16,701 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
19,692 
16,501 
Shareholders' funds
19,892 
16,701 
For the year ending 31 May 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 17 July 2024 and were signed on its behalf by
Paul Trilk Director Company Registration No. 10179984
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Success Local Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Success Local Limited is a private company, limited by shares, registered in England and Wales, registration number 10179984. The registered office is 20 SPRINGFIELD ROAD, RUSHDEN, NORTHANTS, NN10 0QT, ENGLAND.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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:
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Success Local Limited Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
16,024 
11,967 
48,097 
76,088 
Additions
- 
1,105 
4,062 
5,167 
At 31 May 2024
16,024 
13,072 
52,159 
81,255 
Depreciation
At 1 June 2023
1,912 
8,274 
36,529 
46,715 
Charge for the year
1,602 
2,704 
8,491 
12,797 
At 31 May 2024
3,514 
10,978 
45,020 
59,512 
Net book value
At 31 May 2024
12,510 
2,094 
7,139 
21,743 
At 31 May 2023
14,112 
3,693 
11,568 
29,373 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,128 
8,567 
Accrued income and prepayments
14,554 
16,051 
Other debtors
4,463 
4,463 
23,145 
29,081 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
29,103 
38,887 
Trade creditors
12,694 
9,804 
Taxes and social security
97,676 
88,045 
Other creditors
171,735 
193,445 
Accruals
21,781 
14,797 
332,989 
344,978 
7
Average number of employees
During the year the average number of employees was 12 (2023: 14).
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