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Company Registration No. 05377079 (England and Wales)
Search Financial Limited Unaudited accounts for the year ended 31 August 2024
Search Financial Limited Unaudited accounts Contents
Page
- 2 -
Search Financial Limited Company Information for the year ended 31 August 2024
Director
Michael John Meyrick
Company Number
05377079 (England and Wales)
Registered Office
Opus House Cole Street Lane Gillingham SP8 5JQ United Kingdom
Accountants
K Whitehouse Rose Cottage Cole Street Lane Gillingham Dorset SP8 5JQ
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Search Financial Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
562 
Tangible assets
731 
130 
731 
692 
Current assets
Inventories
25,000 
35,000 
Debtors
107,766 
34,434 
Cash at bank and in hand
5,910 
4,403 
138,676 
73,837 
Creditors: amounts falling due within one year
(77,898)
(47,589)
Net current assets
60,778 
26,248 
Total assets less current liabilities
61,509 
26,940 
Creditors: amounts falling due after more than one year
(21,197)
(24,448)
Net assets
40,312 
2,492 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
40,311 
2,491 
Shareholders' funds
40,312 
2,492 
For the year ending 31 August 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 his 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 2 October 2024 and were signed on its behalf by
Michael John Meyrick Director Company Registration No. 05377079
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Search Financial Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Search Financial Limited is a private company, limited by shares, registered in England and Wales, registration number 05377079. The registered office is Opus House, Cole Street Lane , Gillingham, SP8 5JQ, United Kingdom.
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.
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:
Fixtures & fittings
20% on cost
Computer equipment
20% on cost
Other tangible fixed assets
20% on cost
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 September 2023
2,819 
At 31 August 2024
2,819 
Amortisation
At 1 September 2023
2,257 
Charge for the year
562 
At 31 August 2024
2,819 
Net book value
At 31 August 2024
- 
At 31 August 2023
562 
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Search Financial Limited Notes to the Accounts for the year ended 31 August 2024
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2023
- 
280 
827 
1,107 
Additions
915 
- 
- 
915 
At 31 August 2024
915 
280 
827 
2,022 
Depreciation
At 1 September 2023
- 
240 
737 
977 
Charge for the year
184 
40 
90 
314 
At 31 August 2024
184 
280 
827 
1,291 
Net book value
At 31 August 2024
731 
- 
- 
731 
At 31 August 2023
- 
40 
90 
130 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
9,434 
Trade debtors
107,766 
- 
Other debtors
- 
25,000 
107,766 
34,434 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
22,532 
- 
VAT
8,189 
- 
Trade creditors
9,626 
28,011 
Taxes and social security
33,710 
16,465 
Loans from directors
541 
413 
Accruals
3,300 
2,700 
77,898 
47,589 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
21,197 
24,448 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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