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Registered number: 11481408
SOUL SEARCH LTD
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
Prepared By:
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT
SOUL SEARCH LTD
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
DIRECTORS
JASBIR MANN
REGISTERED OFFICE
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11481408
ACCOUNTANTS
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT
SOUL SEARCH LTD
ACCOUNTS
FOR THEYEARENDED31/03/2025
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
SOUL SEARCH LTD
BALANCE SHEET AT 31/03/2025
20252024
Notes££
FIXED ASSETS
Tangible assets327,87725,128
CURRENT ASSETS
Stock1,9202,840
Debtors5141788
Cash at bank and in hand7,8319,505
9,89213,133
CREDITORS: Amounts falling due within one year626,51724,375
NET CURRENT LIABILITIES(16,625)(11,242)
TOTAL ASSETS LESS CURRENT LIABILITIES11,25213,886
CREDITORS: Amounts falling due after more than one year77,12311,168
PROVISIONS FOR LIABILITIES AND CHARGES83,8532,366
NET ASSETS276352
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account176252
SHAREHOLDERS' FUNDS276352
For the year ending 31/03/2025 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 24/11/2025 and signed on their behalf by
.............................
JASBIR MANN
Director
SOUL SEARCH LTD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
1. ACCOUNTING POLICIES
1f. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
These financial statements have been prepared on the going concern basis. The company is in net current liability position of £ 16,625 as at 31 March 2025. However the director has given assurances to the company that he will not draw on his director's loan account and will make funds available as required. On this basis the company is considered a going concern and the director is of the opinion that the company will be able to pay it's debts as they fall due for at least twelve months from the date that the balance sheet was signed.
1c. Depreciation
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is an indication that any items have suffered impairment loss. If any such indication exists, the recoverable amount is estimated in order to determine the extent of the impairment loss, if any.
Plant And Machinerystraight line10%
Fixtures And Fittingsstraight line10%
Equipmentstraight line10%
1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts, derived from ordinary activities.
SOUL SEARCH LTD
1f. Basis Of Accounting
The accounts have been prepared under the historical cost convention and are stated in United Kingdom Pounds Sterling.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1g. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention and are stated in United Kingdom Pounds Sterling.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2. EMPLOYEES
20252024
No.No.
Average number of employees43
3. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsEquipmentTotal
££££
Cost
At 01/04/20247,25720,2256,39833,880
Additions4,4738591,2876,619
Disposals(400)(1,400)-(1,800)
At 31/03/202511,33019,6847,68538,699
Depreciation
At 01/04/20243,4923,3651,8958,752
Disposals(400)(1,400)-(1,800)
For the year1,1331,9687693,870
At 31/03/20254,2253,9332,66410,822
Net Book Amounts
At 31/03/20257,10515,7515,02127,877
At 31/03/20243,76516,8604,50325,128
4. STOCK 20252024
££
Stock comprises:
Stock1,9202,840
1,9202,840
SOUL SEARCH LTD
5. DEBTORS 20252024
££
Amounts falling due within one year
PAYE control9797
Prepayments44691
141788
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
UK corporation tax1,9442,945
Directors current account334745
Trade creditors11,29910,865
Other creditors11,2968,036
Accruals1,6441,784
26,51724,375
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20252024
££
Lloyds Bank plc - Bounce back Loan >1yr7,12311,168
7,12311,168
8. PROVISIONS FOR LIABILITIES 20252024
££
Deferred taxation3,8532,366
3,8532,366
SOUL SEARCH LTD
9. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
10. OTHER FINANCIAL COMMITMENTS
At 31/03/2025 the company was committed to making the following payments under non-cancellable operating leases:
20252024
££
Operating Leases which expire:
Within one year5,240240
Within two to five years-20,000
11. CONTROLLING PARTY
The company is wholly owned by the director Mr J Mann.
12. RELATED PARTY TRANSACTIONS
The director Mr J Mann received a dividend of £ 2,000 in the year to 31 March 2025 (2024 - £ 1,400).
13. NATURE OF OPERATIONS AND PRINCIPAL ACTIVITY
The company is principally involved in the supply of hot yoga facilities and related services. All of its activities are carried out within the United Kingdom.
14. GENERAL INFORMATION
Soul Search Ltd is a private company limited by shares and incorporated in England. Its registered office is 13 Wolverhampton Road, Codsall, Wolverhampton, West Midlands, WV8 1PT.
The financial statements are presented in United Kingdom Pounds Sterling, which is the functional currency of the company.