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Company No: 09409328 (England and Wales)

SEARCH TECHNOLOGY LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

SEARCH TECHNOLOGY LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

SEARCH TECHNOLOGY LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2024
SEARCH TECHNOLOGY LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024
DIRECTORS K Fallon
D J Morgan
REGISTERED OFFICE Treviot House
186-192 High Road
Ilford
IG1 1LR
United Kingdom
COMPANY NUMBER 09409328 (England and Wales)
ACCOUNTANT Gravita Essex Limited
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
United Kingdom
SEARCH TECHNOLOGY LIMITED

BALANCE SHEET

As at 31 December 2024
SEARCH TECHNOLOGY LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 6,248 7,409
6,248 7,409
Current assets
Debtors 4 509,460 313,084
Cash at bank and in hand 367,095 153,334
876,555 466,418
Creditors: amounts falling due within one year 5 ( 307,052) ( 171,295)
Net current assets 569,503 295,123
Total assets less current liabilities 575,751 302,532
Creditors: amounts falling due after more than one year 6 ( 4,167) ( 14,167)
Net assets 571,584 288,365
Capital and reserves
Called-up share capital 95 100
Capital redemption reserve 5 0
Profit and loss account 571,484 288,265
Total shareholders' funds 571,584 288,365

For the financial year 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 Search Technology Limited (registered number: 09409328) were approved and authorised for issue by the Board of Directors on 17 April 2025. They were signed on its behalf by:

K Fallon
Director
SEARCH TECHNOLOGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
SEARCH TECHNOLOGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

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

General information and basis of accounting

Search Technology 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 £.

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 represents the total invoice value, excluding value added tax, of sales made during the 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 year. Differences between contributions payable in the financial year 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.

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 - 15 % reducing balance

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 10 11

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 January 2024 17,355 17,355
At 31 December 2024 17,355 17,355
Accumulated depreciation
At 01 January 2024 9,946 9,946
Charge for the financial year 1,161 1,161
At 31 December 2024 11,107 11,107
Net book value
At 31 December 2024 6,248 6,248
At 31 December 2023 7,409 7,409

4. Debtors

2024 2023
£ £
Trade debtors 112,567 62,692
Amounts owed by related parties 15,217 0
Other debtors 381,676 250,392
509,460 313,084

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 10,000 10,000
Trade creditors 3,568 7,290
Taxation and social security 248,433 153,072
Other creditors 45,051 933
307,052 171,295

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 4,167 14,167

There are no amounts included above in respect of which any security has been given by the small entity.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Director 1

2024 2023
£ £
Amount Advanced 206,753 228,531
Amount repaid (184,628) (133,607)

Director 2

2024 2023
£ £
Amount Advanced 213,522 114,123
Amount repaid (84,092) (78,429)

Interest is charged on all loans at the official rate of interest set by the HMRC.