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
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
Success Local Limited
Statement of financial position
as at 31 May 2024
Tangible assets
21,743
29,373
Cash at bank and in hand
313,429
310,381
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)
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
Success Local Limited
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
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 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.
Expenditure on research and development is written off in the year in which it is incurred.
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.
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:
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
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
At 31 May 2024
12,510
2,094
7,139
21,743
At 31 May 2023
14,112
3,693
11,568
29,373
Amounts falling due within one year
Accrued income and prepayments
14,554
16,051
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
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Average number of employees
During the year the average number of employees was 12 (2023: 14).