REGISTERED NUMBER: 09593429 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2025

for

Search4local Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C D Andrews

REGISTERED OFFICE:

Minerva House

Rydon Lane

Pynes Hill

Exeter

Devon

EX2 5JL

REGISTERED NUMBER:

09593429 (England and Wales)

ACCOUNTANTS:

Sheppards Accountants Limited

22 The Square

The Millfields

Plymouth

Devon

PL1 3JX

FIXED ASSETS

Tangible assets

4

128,461

125,660

CURRENT ASSETS

Debtors

5

4,440,681

3,507,930

Cash at bank

1,334,008

1,069,739

5,774,689

4,577,669

CREDITORS

Amounts falling due within one year

6

4,838,279

3,852,872

NET CURRENT ASSETS

936,410

724,797

TOTAL ASSETS LESS CURRENT LIABILITIES

1,064,871

850,457

CREDITORS

Amounts falling due after more than one year

7

(47,151

)

(54,916

)

PROVISIONS FOR LIABILITIES

(32,115

)

(28,232

)

NET ASSETS

985,605

767,309

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

985,604

767,308

SHAREHOLDERS' FUNDS

985,605

767,309

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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 29 September 2025 and were signed by:

C D Andrews - Director

1.	STATUTORY INFORMATION

Search4local 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.

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 represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible fixed assets and depreciation

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

Improvements to property

-

at varying rates on cost

Plant and machinery

-

at varying rates on cost

Fixtures and fittings

-

at varying rates on cost

Motor vehicles

-

at varying rates on cost

Computer equipment

-

at varying rates 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

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 71 (2024 - 66 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 June 2024

17,533

3,160

41,344

Additions

-

-

1,067

Disposals

-

-

-

At 31 May 2025

17,533

3,160

42,411

DEPRECIATION

At 1 June 2024

1,281

2,935

30,778

Charge for year

351

96

5,218

Eliminated on disposal

-

-

-

At 31 May 2025

1,632

3,031

35,996

NET BOOK VALUE

At 31 May 2025

15,901

129

6,415

At 31 May 2024

16,252

225

10,566

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 June 2024

106,196

153,191

321,424

Additions

108,200

5,208

114,475

Disposals

(106,196

)

-

(106,196

)

At 31 May 2025

108,200

158,399

329,703

DEPRECIATION

At 1 June 2024

48,673

112,097

195,764

Charge for year

26,924

28,199

60,788

Eliminated on disposal

(55,310

)

-

(55,310

)

At 31 May 2025

20,287

140,296

201,242

NET BOOK VALUE

At 31 May 2025

87,913

18,103

128,461

At 31 May 2024

57,523

41,094

125,660

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

4,418,766

3,489,665

Prepayments

21,915

18,265

4,440,681

3,507,930

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

-

403

Corporation tax

95,163

68,506

Social security and other taxes

81,106

80,896

VAT

255,457

220,415

Accruals and deferred income

4,336,498

3,399,604

Accrued expenses

70,055

83,048

4,838,279

3,852,872

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

47,151

54,916