Acorah Software Products - Accounts Production 16.0.110 false true true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 13168167 Mr Thomas Shotton Mr Alexander McGurk Mr Hugh Crosse Mr Jonathan Bowers iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13168167 2023-02-28 13168167 2024-02-29 13168167 2023-03-01 2024-02-29 13168167 frs-core:CurrentFinancialInstruments 2024-02-29 13168167 frs-core:Non-currentFinancialInstruments 2024-02-29 13168167 frs-core:BetweenOneFiveYears 2024-02-29 13168167 frs-core:ComputerEquipment 2024-02-29 13168167 frs-core:ComputerEquipment 2023-03-01 2024-02-29 13168167 frs-core:ComputerEquipment 2023-02-28 13168167 frs-core:FurnitureFittings 2024-02-29 13168167 frs-core:FurnitureFittings 2023-03-01 2024-02-29 13168167 frs-core:FurnitureFittings 2023-02-28 13168167 frs-core:MotorVehicles 2024-02-29 13168167 frs-core:MotorVehicles 2023-03-01 2024-02-29 13168167 frs-core:MotorVehicles 2023-02-28 13168167 frs-core:WithinOneYear 2024-02-29 13168167 frs-core:ShareCapital 2024-02-29 13168167 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 13168167 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13168167 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 13168167 frs-bus:SmallEntities 2023-03-01 2024-02-29 13168167 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13168167 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 13168167 frs-bus:Director1 2023-03-01 2024-02-29 13168167 frs-bus:Director2 2023-03-01 2024-02-29 13168167 frs-bus:Director3 2023-03-01 2024-02-29 13168167 frs-bus:Director4 2023-03-01 2024-02-29 13168167 frs-countries:EnglandWales 2023-03-01 2024-02-29 13168167 2022-02-28 13168167 2023-02-28 13168167 2022-03-01 2023-02-28 13168167 frs-core:CurrentFinancialInstruments 2023-02-28 13168167 frs-core:Non-currentFinancialInstruments 2023-02-28 13168167 frs-core:BetweenOneFiveYears 2023-02-28 13168167 frs-core:WithinOneYear 2023-02-28 13168167 frs-core:ShareCapital 2023-02-28 13168167 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 13168167
Universal Search Group Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 13168167
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 125,093 67,122
125,093 67,122
CURRENT ASSETS
Debtors 5 695,460 1,245,846
Cash at bank and in hand 116,857 32,268
812,317 1,278,114
Creditors: Amounts Falling Due Within One Year 6 (745,584 ) (1,153,609 )
NET CURRENT ASSETS (LIABILITIES) 66,733 124,505
TOTAL ASSETS LESS CURRENT LIABILITIES 191,826 191,627
Creditors: Amounts Falling Due After More Than One Year 7 (77,257 ) (42,855 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (16,084 ) (17,323 )
NET ASSETS 98,485 131,449
CAPITAL AND RESERVES
Called up share capital 9 4 4
Income Statement 98,481 131,445
SHAREHOLDERS' FUNDS 98,485 131,449
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Page 2
For the year ending 29 February 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Alexander McGurk
Director
20 November 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Universal Search Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13168167 . The registered office is 21 York Place, Leeds, LS1 2EX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
When preparing the financial statements, the directors have made an assessment of the company's ability to continue as a going concern. The company is considered a going concern as the directors have no intention to liquidate the company or to cease trading. In assessing whether the going concern assumption is appropriate the directors have taken into account all available information about the future, which is at least, but is not limited to, twelve months from the date when the financial statements are authorised for issue.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 33% on Cost
Computer Equipment 33% on Cost
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2023: 17)
17 17
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 54,950 3,019 17,307 75,276
Additions 66,950 9,270 1,907 78,127
As at 29 February 2024 121,900 12,289 19,214 153,403
Depreciation
As at 1 March 2023 692 938 6,524 8,154
Provided during the period 11,360 2,781 6,015 20,156
As at 29 February 2024 12,052 3,719 12,539 28,310
Net Book Value
As at 29 February 2024 109,848 8,570 6,675 125,093
As at 1 March 2023 54,258 2,081 10,783 67,122
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 592,645 1,142,900
Other debtors 102,815 102,946
695,460 1,245,846
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 11,730 7,095
Trade creditors 86,848 209,735
Other creditors 522,236 849,227
Taxation and social security 124,770 87,552
745,584 1,153,609
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 77,257 42,855
77,257 42,855
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8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 11,730 7,095
Later than one year and not later than five years 77,257 42,855
88,987 49,950
88,987 49,950
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
Director 1
At start of period - £25,323
Amounts advanced - £0
Amounts repaid - (£25,323)
At end of period - £0
Director 2
At start of period - £26,762
Amounts advanced - £0
Amounts repaid - (£26,762)
At end of period - £0
Director 3
At start of period - £4,652
Amounts advanced - £0
Amounts repaid - (£4,652)
At end of period - £0
Director 4
At start of period - £25,323
Amounts advanced - £0
Amounts repaid - (£25,323)
At end of period - £0
The above loans are unsecured, interest free and repayable on demand.
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