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Company Registration No. 04472171 (England and Wales)
Locality Limited Unaudited accounts for the year ended 31 March 2024
Locality Limited Unaudited accounts Contents
Page
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Locality Limited Company Information for the year ended 31 March 2024
Director
E Plimmer
Secretary
A Gellatly
Company Number
04472171 (England and Wales)
Registered Office
School Master's House 39 College Street Petersfield GU31 4AG
Accountants
Newnham & Son Ltd School Master's House 39 College Street Petersfield Hampshire GU31 4AG
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Locality Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
188,603 
196,799 
Current assets
Debtors
52,267 
866 
Cash at bank and in hand
180,761 
82,950 
233,028 
83,816 
Creditors: amounts falling due within one year
(217,431)
(55,655)
Net current assets
15,597 
28,161 
Total assets less current liabilities
204,200 
224,960 
Creditors: amounts falling due after more than one year
(75,528)
(78,059)
Net assets
128,672 
146,901 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
128,670 
146,899 
Shareholders' funds
128,672 
146,901 
For the year ending 31 March 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 director acknowledges her 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 22 October 2024 and were signed on its behalf by
E Plimmer Director Company Registration No. 04472171
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Locality Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Locality Limited is a private company, limited by shares, registered in England and Wales, registration number 04472171. The registered office is School Master's House, 39 College Street, Petersfield, GU31 4AG.
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Intangible fixed assets are fully amortised over the life of 10 years.
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
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 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.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
30,000 
At 31 March 2024
30,000 
Amortisation
At 1 April 2023
30,000 
At 31 March 2024
30,000 
Net book value
At 31 March 2024
- 
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Locality Limited Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
160,047 
49,790 
45,000 
6,632 
261,469 
Additions
- 
- 
- 
3,116 
3,116 
Disposals
- 
- 
- 
(3,189)
(3,189)
At 31 March 2024
160,047 
49,790 
45,000 
6,559 
261,396 
Depreciation
At 1 April 2023
- 
39,889 
19,688 
5,093 
64,670 
Charge for the year
- 
2,475 
6,328 
1,164 
9,967 
On disposals
- 
- 
- 
(1,844)
(1,844)
At 31 March 2024
- 
42,364 
26,016 
4,413 
72,793 
Net book value
At 31 March 2024
160,047 
7,426 
18,984 
2,146 
188,603 
At 31 March 2023
160,047 
9,901 
25,312 
1,539 
196,799 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
49,880 
616 
Accrued income and prepayments
268 
250 
50,148 
866 
Amounts falling due after more than one year
Other debtors
2,119 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,924 
10,124 
VAT
41,098 
6,146 
Obligations under finance leases and hire purchase contracts
6,205 
6,205 
Trade creditors
151,871 
23,325 
Taxes and social security
1,435 
9,251 
Other creditors
367 
604 
Loans from directors
4,893 
- 
Accruals
1,638 
- 
217,431 
55,655 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
40,292 
50,016 
Obligations under finance leases and hire purchase contracts
1,551 
7,756 
Other creditors
33,685 
20,287 
75,528 
78,059 
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Locality Limited Notes to the Accounts for the year ended 31 March 2024
9
Average number of employees
During the year the average number of employees was 5 (2023: 6).
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