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REGISTERED NUMBER: NI047768 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

BOND SEARCH AND SELECTION LTD

BOND SEARCH AND SELECTION LTD (REGISTERED NUMBER: NI047768)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


BOND SEARCH AND SELECTION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: B F Rooney
J St Clare





REGISTERED OFFICE: 2nd Floor
21 James Street South
Belfast
BT2 7GA





REGISTERED NUMBER: NI047768 (Northern Ireland)





ACCOUNTANTS: Baker Tilly Mooney Moore
17 Clarendon Road
Belfast
BT1 3BG

BOND SEARCH AND SELECTION LTD (REGISTERED NUMBER: NI047768)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 76,106 87,384
Tangible assets 5 18,539 23,912
94,645 111,296

CURRENT ASSETS
Debtors 6 2,076,418 3,115,833
Cash at bank and in hand 710,863 1,210,208
2,787,281 4,326,041
CREDITORS
Amounts falling due within one year 7 1,345,602 1,114,599
NET CURRENT ASSETS 1,441,679 3,211,442
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,536,324

3,322,738

PROVISIONS FOR LIABILITIES (21,960 ) (23,957 )

ACCRUALS AND DEFERRED INCOME (5,079 ) (14,986 )
NET ASSETS 1,509,285 3,283,795

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,509,283 3,283,793
1,509,285 3,283,795

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

BOND SEARCH AND SELECTION LTD (REGISTERED NUMBER: NI047768)

BALANCE SHEET - continued
31 AUGUST 2024



The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:




B F Rooney - Director



J St Clare - Director


BOND SEARCH AND SELECTION LTD (REGISTERED NUMBER: NI047768)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Bond Search And Selection Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In preparing these financial statements the directors have made the following judgements:

Consider the recoverability of trade debtors and the need for impairment provisions. These considerations are undertaken regularly by the directors, and especially at the year end date. Factors taken into account include historical experience, current market conditions and knowledge of the sector. Amounts identified as irrecoverable will be provided against in the relevant period.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 25% on reducing balance and 4% on cost
Computer equipment - 25% on reducing balance

Financial instruments
All financial instruments of the company are considered to meet the definition of basic financial instruments.

- Short term debtors and creditors
Debtors and creditors with no stated interest rate and are receivable or payable on demand are recognised at transaction price, and subject to annual impairment reviews. Any losses arising on impairment are recognised in the profit and loss account.

- Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.


BOND SEARCH AND SELECTION LTD (REGISTERED NUMBER: NI047768)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2023 156,880
Additions 32,655
At 31 August 2024 189,535
AMORTISATION
At 1 September 2023 69,496
Charge for year 43,933
At 31 August 2024 113,429
NET BOOK VALUE
At 31 August 2024 76,106
At 31 August 2023 87,384

BOND SEARCH AND SELECTION LTD (REGISTERED NUMBER: NI047768)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. TANGIBLE FIXED ASSETS
Fixtures,
fittings Computer
& equipment equipment Totals
£    £    £   
COST
At 1 September 2023 29,830 32,015 61,845
Additions - 666 666
At 31 August 2024 29,830 32,681 62,511
DEPRECIATION
At 1 September 2023 19,497 18,436 37,933
Charge for year 2,552 3,487 6,039
At 31 August 2024 22,049 21,923 43,972
NET BOOK VALUE
At 31 August 2024 7,781 10,758 18,539
At 31 August 2023 10,333 13,579 23,912

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 1,760,880 2,438,314
Amounts owed by group undertakings 81 320,112
Other debtors 315,457 357,407
2,076,418 3,115,833

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 72,785 30,806
Amounts owed to group undertakings 365,307 -
Taxation and social security 628,130 868,509
Other creditors 279,380 215,284
1,345,602 1,114,599

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Bond Search and Selection (Holding)Limited.