Company Registration No. 07264353 (England and Wales)
SEARUNNER LTD
Unaudited accounts
for the year ended 31 May 2024
SEARUNNER LTD
Unaudited accounts
Contents
SEARUNNER LTD
Company Information
for the year ended 31 May 2024
Directors
Norman Bar
Raphael Bar
Company Number
07264353 (England and Wales)
Registered Office
76B HOLDEN ROAD
LONDON
N12 7DY
ENGLAND
Accountants
Taxez
5 South Charlotte Street
Edinburgh
EH2 4AN
SEARUNNER LTD
Statement of financial position
as at 31 May 2024
Tangible assets
325,259
328,381
Cash at bank and in hand
153,426
139,534
Creditors: amounts falling due within one year
(387,208)
(387,232)
Net current liabilities
(231,407)
(245,948)
Total assets less current liabilities
93,852
82,433
Creditors: amounts falling due after more than one year
(2,375)
(1,750)
Called up share capital
1
1
Profit and loss account
91,476
80,682
Shareholders' funds
91,477
80,683
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 14 February 2025 and were signed on its behalf by
Raphael Bar
Director
Company Registration No. 07264353
SEARUNNER LTD
Notes to the Accounts
for the year ended 31 May 2024
SEARUNNER LTD is a private company, limited by shares, registered in England and Wales, registration number 07264353. The registered office is 76B HOLDEN ROAD, LONDON, N12 7DY, 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.
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:
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2023
373,078
-
373,078
At 31 May 2024
373,078
1,130
374,208
At 1 June 2023
44,697
-
44,697
Charge for the year
3,876
376
4,252
At 31 May 2024
48,573
376
48,949
At 31 May 2024
324,505
754
325,259
At 31 May 2023
328,381
-
328,381
SEARUNNER LTD
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
3,264
3,601
Loans from directors
383,585
383,272
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
2,375
1,750
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).