REGISTERED NUMBER: 07977871 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

SEARCHABILITY (UK) LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

OS Preston

J L Gambino

C Hopley

REGISTERED OFFICE:

Booth Street Chambers

Booth Street

Ashton Under Lyne

OL6 7LQ

REGISTERED NUMBER:

07977871 (England and Wales)

ACCOUNTANTS:

Moss & Williamson Limited

Chartered Accountants

3 Mellor Road

Cheadle Hulme

Cheadle

Cheshire

SK8 5AT

SOLICITORS:

Pannone Corporate LLP

378 - 380 Deansgate

Manchester

M3 4LY

FIXED ASSETS

Intangible assets

4

17,998

33,034

Tangible assets

5

53,888

69,178

71,886

102,212

CURRENT ASSETS

Debtors

6

1,954,257

1,913,790

Cash at bank and in hand

54,130

163,604

2,008,387

2,077,394

CREDITORS

Amounts falling due within one year

(974,211

)

(946,733

)

NET CURRENT ASSETS

1,034,176

1,130,661

TOTAL ASSETS LESS CURRENT LIABILITIES

1,106,062

1,232,873

PROVISIONS FOR LIABILITIES

8

(12,658

)

(14,872

)

NET ASSETS

1,093,404

1,218,001

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,093,304

1,217,901

SHAREHOLDERS' FUNDS

1,093,404

1,218,001

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 August 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2026 and were signed on its behalf by:

OS Preston - Director

1.	STATUTORY INFORMATION

Searchability (Uk) Ltd 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.

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenues earned under permanent contracts are recognised at the inception of the assignment. Revenues earned under temporary contracts are recognised in the accounting year in which the service is provided.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

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

Improvements to property

-

Straight line

Plant and machinery

-

33% on reducing balance

Computer equipment

-

33% on reducing balance

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.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern

The company considered the outcome of the management's review of the current and forecasted financial position. Following a review of the risk and potential impact of unforeseen events, the company confirmed that the application of the going concern basis for the preparation of the financial statements continues to be appropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2024 - 56 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2024

68,417

Additions

1,040

At 31 August 2025

69,457

AMORTISATION

At 1 September 2024

35,383

Amortisation for year

16,076

At 31 August 2025

51,459

NET BOOK VALUE

At 31 August 2025

17,998

At 31 August 2024

33,034

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2024

262,556

Additions

9,321

At 31 August 2025

271,877

DEPRECIATION

At 1 September 2024

193,378

Charge for year

24,611

At 31 August 2025

217,989

NET BOOK VALUE

At 31 August 2025

53,888

At 31 August 2024

69,178

6.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other debtors

31,657

31,657

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

105,524

105,524

Between one and five years

351,747

457,271

457,271

562,795

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

12,658

14,872

Deferred

tax

£

Balance at 1 September 2024

14,872

Movement

(2,214

)

Balance at 31 August 2025

12,658

Deferred taxation has been recognised at its future enacted rate of 25%, utilising the expected prevailing rate when the timing differences are expecting to reverse.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2025 and 31 August 2024:

2025

2024

£

£

OS Preston

Balance outstanding at start of year

5,000

(2,632

)

Amounts advanced

-

7,632

Amounts repaid

(5,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

5,000

10.	ULTIMATE CONTROLLING PARTY

Following a sale of the whole of the share capital on 7 April 2025 The Searchability Employee Ownership Trust is now the controlling party by virtue of their 100% holding.