Registered number
09755424
SearchTurbo Ltd
Filleted Accounts
31 December 2024
SearchTurbo Ltd
Registered number: 09755424
Balance Sheet
as at 31 December 2024
Notes 2024 2023
Fixed assets
Intangible assets 3 2,404 2,404
Tangible assets 4 178,448 219,797
180,852 222,201
Current assets
Debtors 5 289,838 314,869
Cash at bank and in hand 162,339 57,475
452,177 372,344
Creditors: amounts falling due within one year 6 (279,500) (279,180)
Net current assets 172,677 93,164
Total assets less current liabilities 353,529 315,365
Creditors: amounts falling due after more than one year 7 (57,486) (153,394)
Net assets 296,043 161,971
Capital and reserves
Called up share capital 3 3
Profit and loss account 296,040 161,968
Shareholders' funds 296,043 161,971
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Ruhrig
Director
Approved by the board on 2 May 2025
SearchTurbo Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over various rates
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 3
3 Intangible fixed assets
Cost
At 1 January 2024 443,767
At 31 December 2024 443,767
Amortisation
At 1 January 2024 441,363
At 31 December 2024 441,363
Net book value
At 31 December 2024 2,404
At 31 December 2023 2,404
4 Tangible fixed assets
Motor vehicles Plant and machinery etc Fixtures & fittings Total
Cost
At 1 January 2024 70,586 86,136 208,756 365,478
Additions - 12,701 8,118 20,819
At 31 December 2024 70,586 98,837 216,874 386,297
Depreciation
At 1 January 2024 29,417 37,292 78,972 145,681
Charge for the year 11,767 9,581 40,820 62,168
At 31 December 2024 41,184 46,873 119,792 207,849
Net book value
At 31 December 2024 29,402 51,964 97,082 178,448
At 31 December 2023 41,169 48,844 129,784 219,797
5 Debtors 2024 2023
Trade debtors 123,972 217,905
Due from group undertakings - 12,737
Other taxes and social security 130,063 49,754
Prepayments 3,803 2,473
Other debtors 32,000 32,000
289,838 314,869
6 Creditors: amounts falling due within one year 2024 2023
Deferred income 1,904 1,904
Trade creditors 20,732 36,296
Due to group undertakings 25,315 25,072
Other taxes and social security 149,016 8,738
Accruals 52,644 182,770
Other creditors 29,889 24,400
279,500 279,180
7 Creditors: amounts falling due after one year 2024 2023
Bank loans 57,486 153,394
8 Other information
SearchTurbo Ltd is a private company limited by shares and incorporated in England. Its registered office is:
124 City Road
London
EC1V 2NX
SearchTurbo Ltd 09755424 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts April 2025 A Ruhrig No description of principal activity 09755424 2023-01-01 2023-12-31 09755424 core:WithinOneYear 2023-12-31 09755424 core:AfterOneYear 2023-12-31 09755424 core:ShareCapital 2023-12-31 09755424 core:RetainedEarningsAccumulatedLosses 2023-12-31 09755424 2024-01-01 2024-12-31 09755424 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09755424 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 09755424 bus:Director40 2024-01-01 2024-12-31 09755424 1 2024-01-01 2024-12-31 09755424 2 2024-01-01 2024-12-31 09755424 core:LandBuildings 2024-01-01 2024-12-31 09755424 core:PlantMachinery 2024-01-01 2024-12-31 09755424 core:Vehicles 2024-01-01 2024-12-31 09755424 countries:England 2024-01-01 2024-12-31 09755424 bus:FRS102 2024-01-01 2024-12-31 09755424 bus:FilletedAccounts 2024-01-01 2024-12-31 09755424 2024-12-31 09755424 core:WithinOneYear 2024-12-31 09755424 core:AfterOneYear 2024-12-31 09755424 core:ShareCapital 2024-12-31 09755424 core:RetainedEarningsAccumulatedLosses 2024-12-31 09755424 core:Goodwill 2024-12-31 09755424 core:LandBuildings 2024-12-31 09755424 core:PlantMachinery 2024-12-31 09755424 core:Vehicles 2024-12-31 09755424 2023-12-31 09755424 core:Goodwill 2023-12-31 09755424 core:LandBuildings 2023-12-31 09755424 core:PlantMachinery 2023-12-31 09755424 core:Vehicles 2023-12-31 iso4217:EUR xbrli:pure