ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: 04389592

PULSE SEARCH & SELECTION LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2026

PULSE SEARCH & SELECTION LIMITED

REGISTERED NUMBER: 04389592

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2026

		2026		2025
Note		£		£

Fixed assets
Tangible assets	4		345		461
			345		461
Current assets
Debtors: amounts falling due within one year	5	79,779		131,582
Bank and cash balances		6,487		31,211
		86,266		162,793
Current liabilities
Creditors: Amounts Falling Due Within One Year	6	(44,094)		(58,861)
Net current assets			42,172		103,932
Total assets less current liabilities			42,517		104,393
Creditors: amounts falling due after more than one year	7		-		(1,500)

Net assets			42,517		102,893

Capital and reserves
Called up share capital	9	20	20
Profit and loss account		42,497	102,873
		42,517	102,893

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PULSE SEARCH & SELECTION LIMITED

REGISTERED NUMBER: 04389592

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2026

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question 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 financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 June 2026.

C Griffith

Director

The notes on pages 3 to 7 form part of these financial statements.

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PULSE SEARCH & SELECTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

The company is a private company limited by share capital, incorporated in England and Wales. The address of its registered office is 124 Finchley Road, London, NW3 5JS, United Kingdom.
The principall activity of the business is recruitment in the media sector.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company’s functional and presentational currency is GBP.

The following principal accounting policies have been applied:

2.2

Revenue

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.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.5

Pensions

Defined contribution pension plan
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 payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

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PULSE SEARCH & SELECTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a straight-line basis.

Depreciation is provided on the following basis:

				Fixtures and fittings	-	25%	reducing balance
				Computer equipment	-	25%	reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subs

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.10

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.

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PULSE SEARCH & SELECTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.11

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

2.12

Dividends

Equity dividends are recognised when they become legally payable.

Employees

The average monthly number of employees, including directors, during the year was 14 (2025 - 20).

4.	Tangible fixed assets

	Fixtures and fittings	Computer equipment	Total
	£	£	£
Cost or valuation
At 1 April 2025	2,562	9,062	11,624
At 31 March 2026	2,562	9,062	11,624
Depreciation
At 1 April 2025	2,371	8,792	11,163
Charge for the year on owned assets	48	68	116
At 31 March 2026	2,419	8,860	11,279
Net book value
At 31 March 2026	143	202	345
At 31 March 2025	191	270	461

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PULSE SEARCH & SELECTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Debtors

					2026	2025
					£	£


Trade debtors	58,221	120,590
Other debtors	21,558	10,992
	79,779	131,582

6.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Bank loans	1,500	6,000
Trade creditors	8,112	582
Corporation tax	5,976	11,738
Other taxation and social security	2,212	27,378
Other creditors	15,695	5,697
Accruals and deferred income	10,599	7,466
	44,094	58,861

7.	Creditors: Amounts falling due after more than one year
		2026	2025
		£	£

	Bank loans	-	1,500

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PULSE SEARCH & SELECTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Amounts falling due within one year
Bank loans	1,500	6,000
Amounts falling due after more than 5 years
Bank loans	-	1,500
	1,500	7,500

9.	Share capital
		2026	2025
		£	£

Allotted, called up and fully paid

20 Ordinary shares of £1.00 each	20	20

10.	Related party transactions

At the reporting date, C Griffith owed the company £17,020 (2024: £1,063) and R Keane owed the company £4,538 (2024: £3,713), included in other debtors and was cleared by way of dividend within 9 months of the year end. Interest has been charged at the official rate of interest.

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