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Company Registration No. 04472171 (England and Wales)
Locality Limited Unaudited accounts for the year ended 31 March 2025
Locality Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Locality Limited Company Information for the year ended 31 March 2025
Director
E Plimmer
Secretary
A Gellatly
Company Number
04472171 (England and Wales)
Registered Office
School Master's House 39 College Street Petersfield GU31 4AG
Accountants
Newnham & Son Ltd School Master's House 39 College Street Petersfield Hampshire GU31 4AG
- 3 -
Locality Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
5
182,564
188,603
Current assets
Debtors
6
19,561
52,267
Cash at bank and in hand
55,686
180,761
75,247
233,028
Creditors: amounts falling due within one year
7
(74,517)
(217,431)
Net current assets
730
15,597
Total assets less current liabilities
183,294
204,200
Creditors: amounts falling due after more than one year
8
(43,900)
(75,528)
Net assets
139,394
128,672
Capital and reserves
Called up share capital
2
2
Profit and loss account
139,392
128,670
Shareholders' funds
139,394
128,672
For the year ending 31 March 2025 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 May 2025 and were signed on its behalf by
E Plimmer Director Company Registration No. 04472171
- 4 -
Locality Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Locality Limited is a private company, limited by shares, registered in England and Wales, registration number 04472171. The registered office is School Master's House, 39 College Street, Petersfield, GU31 4AG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Intangible fixed assets are fully amortised over the life of 10 years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024
30,000
At 31 March 2025
30,000
Amortisation
At 1 April 2024
30,000
At 31 March 2025
30,000
Net book value
At 31 March 2025
-
- 5 -
Locality Limited Notes to the Accounts for the year ended 31 March 2025
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
160,047
49,790
45,000
6,559
261,396
Additions
-
1,468
-
-
1,468
At 31 March 2025
160,047
51,258
45,000
6,559
262,864
Depreciation
At 1 April 2024
-
42,364
26,016
4,413
72,793
Charge for the year
-
2,224
4,746
537
7,507
At 31 March 2025
-
44,588
30,762
4,950
80,300
Net book value
At 31 March 2025
160,047
6,670
14,238
1,609
182,564
At 31 March 2024
160,047
7,426
18,984
2,146
188,603
6
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
3,910
-
Trade debtors
15,350
49,880
Accrued income and prepayments
301
268
19,561
50,148
Amounts falling due after more than one year
Other debtors
-
2,119
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
9,924
9,924
VAT
-
41,098
Obligations under finance leases and hire purchase contracts
1,551
6,205
Trade creditors
48,673
151,871
Taxes and social security
14,013
1,435
Other creditors
356
367
Loans from directors
-
4,893
Accruals
-
1,638
74,517
217,431
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
30,085
40,292
Obligations under finance leases and hire purchase contracts
-
1,551
Other creditors
13,815
33,685
43,900
75,528
- 6 -
Locality Limited Notes to the Accounts for the year ended 31 March 2025
9
Average number of employees
During the year the average number of employees was 4 (2024: 5).
- 7 -