Animate Search Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 09813141

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		1,415		2,695

			1,415		2,695
CURRENT ASSETS
Debtors	6	30,682		54,968
Cash at bank and in hand		25,492		93,732

		56,174		148,700
Creditors: Amounts Falling Due Within One Year	7	(45,595 )		(55,361 )

NET CURRENT ASSETS (LIABILITIES)			10,579		93,339

TOTAL ASSETS LESS CURRENT LIABILITIES			11,994		96,034

Creditors: Amounts Falling Due After More Than One Year	8		(8,426 )		(17,549 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(354 )		(512 )

NET ASSETS			3,214		77,973

CAPITAL AND RESERVES
Called up share capital			100		100
Profit and Loss Account			3,114		77,873

SHAREHOLDERS' FUNDS			3,214		77,973

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Animate Search Ltd

Balance Sheet (continued)

As At 31 December 2024

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Iain Flinn

Director

26 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Animate Search Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09813141 . The registered office is 7 Christie Way, Christie Fields, Manchester, M21 7QY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the entity

2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

25% straight line

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Animate Search Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 4)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	3,333

As at 31 December 2024	3,333

Amortisation
As at 1 January 2024	3,333

As at 31 December 2024	3,333

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	-

5. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 January 2024	12,943
Disposals	(5,819 )

As at 31 December 2024	7,124

Depreciation
As at 1 January 2024	10,248
Provided during the period	1,279
Disposals	(5,818 )

As at 31 December 2024	5,709

Net Book Value
As at 31 December 2024	1,415

As at 1 January 2024	2,695

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Animate Search Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	9,226	-
Amounts owed by group undertakings	-	46,151
Other debtors	21,456	8,817

	30,682	54,968

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	248	232
Bank loans and overdrafts	9,984	10,844
Other creditors	15,648	1,813
Taxation and social security	19,715	42,472

	45,595	55,361

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	8,426	17,549

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mr Iain Flinn	3,202	49,002	(41,020 )	-	11,184
Mr Darren Timmins	3,009	49,113	(42,266 )	-	9,856

The above loan is unsecured, interest free and repayable on demand.

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