REGISTERED NUMBER: 10462325 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

ARCUS SEARCH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr D J Mathie

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

10462325 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Tangible assets

4

1,374

3,066

CURRENT ASSETS

Debtors

5

1,053,764

1,097,654

Cash at bank

304,426

41,805

1,358,190

1,139,459

CREDITORS

Amounts falling due within one year

6

1,057,653

836,319

NET CURRENT ASSETS

300,537

303,140

TOTAL ASSETS LESS CURRENT LIABILITIES

301,911

306,206

PROVISIONS FOR LIABILITIES

8

344

583

NET ASSETS

301,567

305,623

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

300,567

304,623

SHAREHOLDERS' FUNDS

301,567

305,623

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

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

The director acknowledges his 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.

The financial statements were approved by the director and authorised for issue on 24 September 2025 and were signed by:

Mr D J Mathie - Director

1.	STATUTORY INFORMATION

Arcus Search Limited is a private company, limited by shares , registered in England and Wales. 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

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 16 (2023 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

334

18,940

19,274

DEPRECIATION

At 1 January 2024

186

16,022

16,208

Charge for year

111

1,581

1,692

At 31 December 2024

297

17,603

17,900

NET BOOK VALUE

At 31 December 2024

37

1,337

1,374

At 31 December 2023

148

2,918

3,066

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

as restated

£

£

Trade debtors

746,372

834,743

Other debtors

76,726

77,342

Directors' current accounts

214,082

174,336

Prepayments

16,584

11,233

1,053,764

1,097,654

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

as restated

£

£

Bank loans and overdrafts (see note 7)

373,789

232,580

Trade creditors

508,088

432,871

Tax

50,092

28,529

Social security and other taxes

38,789

41,983

Pension

5,592

5,697

VAT

47,046

46,240

Other creditors

24,653

21,738

Accruals and deferred income

9,604

26,681

1,057,653

836,319

7.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

as restated

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

123,789

232,580

Bank loans

250,000

-

373,789

232,580

8.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

as restated

£

£

Deferred tax

344

583

Deferred

tax

£

Balance at 1 January 2024

583

Provided during year

(239

)

Balance at 31 December 2024

344

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

as restated

£

£

NIL

Ordinary

£1

-

998

NIL

Ordinary B

£1

-

1

NIL

Ordinary C

£1

-

1

99,800

Ordinary 1p

1p

998

-

100

Ordinary B 1p

1p

1

-

100

Ordinary C 1p

1p

1

-

1,000

1,000

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

as restated

£

£

Mr D J Mathie

Balance outstanding at start of year

177,636

58,627

Amounts advanced

179,718

257,324

Amounts repaid

(143,272

)

(138,315

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

214,082

177,636

As at balance sheet date, the director owed the company £214,082 (2023: £177,636). Interest of £3,922 (2023: £1,945) was charged at 2.25% for the period. The loan is repayable on demand.

11.	RELATED PARTY DISCLOSURES

As on balance sheet date included in creditors due within one year company owe an amount of £9,844 (2023: £9,936) from Iona Investments Ltd.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D J Mathie.