Registered number
09964620
Atkins Search Limited
Unaudited Filleted Accounts
31 March 2025
Atkins Search Limited
Registered number: 09964620
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 13,784 18,202
Current assets
Debtors 4 263,556 255,501
Cash at bank and in hand 60,487 156,764
324,043 412,265
Creditors: amounts falling due within one year 5 (213,765) (290,646)
Net current assets 110,278 121,619
Total assets less current liabilities 124,062 139,821
Creditors: amounts falling due after more than one year 6 (25,926) (32,039)
Net assets 98,136 107,782
Capital and reserves
Called up share capital 12 12
Profit and loss account 98,124 107,770
Shareholders' funds 98,136 107,782
The directors are 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 directors acknowledge their 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 J Rowe
Director
Approved by the board on 14 May 2025
Atkins Search Limited
Notes to the Accounts
for the year ended 31 March 2025
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 rendering of services. 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
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:
Office Equipment 25% reducing balance
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. Current 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 14 13
3 Tangible fixed assets
Office equipment
£
Cost
At 1 April 2024 34,155
Additions 153
At 31 March 2025 34,308
Depreciation
At 1 April 2024 15,953
Charge for the year 4,571
At 31 March 2025 20,524
Net book value
At 31 March 2025 13,784
At 31 March 2024 18,202
4 Debtors 2025 2024
£ £
Trade debtors 245,813 243,396
Other debtors 17,743 12,105
263,556 255,501
The company utilises a sales ledger financing facility. Gross trade debts assigned to the finance provider at the year end amounted to £95,880 (2024 £131,796).
5 Creditors: amounts falling due within one year 2025 2024
£ £
Financing arrangements 86,339 128,933
Trade creditors 24,536 22,542
Taxation and social security costs 80,224 124,322
Other creditors 22,666 14,849
213,765 290,646
6 Creditors: amounts falling due after one year 2025 2024
£ £
Financing arrangements 25,926 32,039
7 Financing arrangements 2025 2024
£ £
Creditors include:
Secured financing arrangements 80,783 123,933
The finance, in favour of Quba Solutions Limited, is a fixed and floating charge over the physical assets and books debts of the company.
8 Pension commitments
The company has no pension commitments other than to settle monthly payroll pension contributions, normally payable in the subsequent month.
9 Contingent liabilities
The company has entered into fixed charges in favour of Quba Solutions Limited to secure finance on the company.
10 Controlling party
The company is not under the control of any one shareholder.
11 Other information
Atkins Search Limited is a private company limited by shares and incorporated in England. Its registered office is:
11 Kingfisher Business Park
Arthur Street, Lakeside
Redditch
Worcestershire
B98 8LG
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