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Company No: 15121910 (England and Wales)

ESTABLISHED SEARCH LIMITED

Unaudited Financial Statements
For the financial period from 07 September 2023 to 31 December 2024
Pages for filing with the registrar

ESTABLISHED SEARCH LIMITED

Unaudited Financial Statements

For the financial period from 07 September 2023 to 31 December 2024

Contents

ESTABLISHED SEARCH LIMITED

COMPANY INFORMATION

For the financial period from 07 September 2023 to 31 December 2024
ESTABLISHED SEARCH LIMITED

COMPANY INFORMATION (continued)

For the financial period from 07 September 2023 to 31 December 2024
DIRECTORS J Richards (Appointed 12 September 2023)
B Riley (Appointed 11 September 2023)
A D Shatwell (Appointed 11 September 2023, Resigned 11 September 2023)
B E Turner (Appointed 07 September 2023, Resigned 11 September 2023)
W Underwood (Appointed 11 September 2023)
REGISTERED OFFICE Treviot House
186-192 High Road
Ilford
IG1 1LR
United Kingdom
COMPANY NUMBER 15121910 (England and Wales)
ACCOUNTANT Gravita Essex Limited
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
United Kingdom
ESTABLISHED SEARCH LIMITED

BALANCE SHEET

As at 31 December 2024
ESTABLISHED SEARCH LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 31.12.2024
£
Fixed assets
Intangible assets 3 9,560
Tangible assets 4 26,643
36,203
Current assets
Debtors 5 297,877
Cash at bank and in hand 212,754
510,631
Creditors: amounts falling due within one year 6 ( 404,452)
Net current assets 106,179
Total assets less current liabilities 142,382
Net assets 142,382
Capital and reserves
Called-up share capital 1,000
Profit and loss account 141,382
Total shareholders' funds 142,382

For the financial period ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Established Search Limited (registered number: 15121910) were approved and authorised for issue by the Board of Directors on 06 June 2025. They were signed on its behalf by:

B Riley
Director
ESTABLISHED SEARCH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 07 September 2023 to 31 December 2024
ESTABLISHED SEARCH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 07 September 2023 to 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Established Search Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Treviot House, 186-192 High Road, Ilford, IG1 1LR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

The financial statements represent the first period of operations of the company, covering the period from incorporation to 31 December 2024.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 5 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 5 years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

Period from
07.09.2023 to
31.12.2024
Number
Monthly average number of persons employed by the Company during the period, including directors 18

3. Intangible assets

Goodwill Total
£ £
Cost
At 07 September 2023 0 0
Additions 12,747 12,747
At 31 December 2024 12,747 12,747
Accumulated amortisation
At 07 September 2023 0 0
Charge for the financial period 3,187 3,187
At 31 December 2024 3,187 3,187
Net book value
At 31 December 2024 9,560 9,560

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 07 September 2023 0 0
Additions 29,151 29,151
At 31 December 2024 29,151 29,151
Accumulated depreciation
At 07 September 2023 0 0
Charge for the financial period 2,508 2,508
At 31 December 2024 2,508 2,508
Net book value
At 31 December 2024 26,643 26,643

5. Debtors

31.12.2024
£
Trade debtors 246,914
Other debtors 50,963
297,877

6. Creditors: amounts falling due within one year

31.12.2024
£
Trade creditors 24,626
Amounts owed to related parties 25,338
Taxation and social security 40,678
Other creditors 313,810
404,452