LOCALISED UK LIMITED Filleted Accounts Cover
LOCALISED UK LIMITED
Company No. 10986401
Information for Filing with The Registrar
31 December 2024
LOCALISED UK LIMITED Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 December 2024.
Principal activities
The principal activity of the company during the year under review was other information technology service activities.
Directors
The Directors who served at any time during the year were as follows:
K.K. Green
S.M. Zaidi
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
S.M. Zaidi
Director
24 September 2025
LOCALISED UK LIMITED Balance Sheet Registrar
at
31 December 2024
Company No.
10986401
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
2,0491,837
2,0491,837
Current assets
Debtors
5
8,282,6055,469,161
Cash at bank and in hand
87,259324,000
8,369,8645,793,161
Creditors: Amount falling due within one year
6
(4,133,468)
(1,021,977)
Net current assets
4,236,3964,771,184
Total assets less current liabilities
4,238,4454,773,021
Creditors: Amounts falling due after more than one year
7
(5,000,000)
(5,000,000)
Net liabilities
(761,555)
(226,979)
Capital and reserves
Called up share capital
100100
Profit and loss account
9
(761,655)
(227,079)
Total equity
(761,555)
(226,979)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 24 September 2025 and signed on its behalf by:
S.M. Zaidi
Director
24 September 2025
LOCALISED UK LIMITED Notes to the Accounts Registrar
for the year ended 31 December 2024
1
General information
LOCALISED UK LIMITED is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 10986401
Its registered office is:
Network House
Globe Business Park
Third Avenue, Marlow
Buckinghamshire
SL7 1EY
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
The Company’s revenues are comprised of:
1. Service Fees –The Company provides merchants a global direct-to-consumer e-commerce platform which enables to sell their products to consumers worldwide. Revenue is generated as a percentage of the value of transactions that flow through the Company’s platform.
2. Fulfilment services – The Company offers shipping, handling, and other global delivery services in order to deliver merchants’ goods to consumers.
3. Other Revenue - The Company offers additional services including marketing services and also generates a margin on FX to cover the risk associated with cross border transactions.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
1515
4
Tangible fixed assets
Plant and machinery
Total
£
£
Cost or revaluation
At 1 January 2024
6,3376,337
Additions
2,7732,773
At 31 December 2024
9,1109,110
Depreciation
At 1 January 2024
4,5004,500
Charge for the year
2,5612,561
At 31 December 2024
7,0617,061
Net book values
At 31 December 2024
2,0492,049
At 31 December 2023
1,837
1,837
5
Debtors
2024
2023
£
£
Trade debtors
178,145185,823
Amounts owed by group undertakings
7,875,5945,038,950
VAT recoverable
48,33230,005
Other debtors
121,477110,188
Prepayments and accrued income
59,057104,195
8,282,6055,469,161
6
Creditors:
amounts falling due within one year
2024
2023
£
£
Trade creditors
2,056,098750,216
Other creditors
2,075,824271,436
Accruals and deferred income
1,546325
4,133,4681,021,977
7
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
5,000,0005,000,000
5,000,0005,000,000
8
Share Capital
Ordinary share capital (£100 - fully paid)
9
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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