Searchesonline Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05597280 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Searchesonline Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S C Pigott

P I Allan

P J Weaver

REGISTERED OFFICE:

9 St George's Yard

Castle Street

Farnham

Surrey

GU9 7LW

REGISTERED NUMBER:

05597280 (England and Wales)

ACCOUNTANTS:

Blackwood Futcher & Co.

Chartered Accountants

9 St George's Yard

Farnham

Surrey

GU9 7LW

FIXED ASSETS

Intangible assets

2

22,465

35,179

Tangible assets

3

16,369

11,765

38,834

46,944

CURRENT ASSETS

Debtors

210,589

170,437

Cash at bank

49,981

39,229

260,570

209,666

CREDITORS

Amounts falling due within one year

138,998

112,884

NET CURRENT ASSETS

121,572

96,782

TOTAL ASSETS LESS CURRENT LIABILITIES

160,406

143,726

PROVISIONS FOR LIABILITIES

3,274

2,353

NET ASSETS

157,132

141,373

CAPITAL AND RESERVES

Called up share capital

4

46,725

46,725

Profit and loss account

110,407

94,648

SHAREHOLDERS' FUNDS

157,132

141,373

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30 September 2016 and were signed on its behalf by:

S C Pigott - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

The directors consider that the amortisation period for Goodwill should be 10 years.

Intangible fixed assets

Intangible assets represents development costs and patents.

Patents are being amortised over 10 years on a straight line basis.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

175,683

Additions

2,500

At 31 December 2015

178,183

AMORTISATION

At 1 January 2015

140,504

Amortisation for year

15,214

At 31 December 2015

155,718

NET BOOK VALUE

At 31 December 2015

22,465

At 31 December 2014

35,179

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

26,593

Additions

8,407

At 31 December 2015

35,000

DEPRECIATION

At 1 January 2015

14,828

Charge for year

3,803

At 31 December 2015

18,631

NET BOOK VALUE

At 31 December 2015

16,369

At 31 December 2014

11,765

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

£

6,825

Ordinary

£1

6,825

6,825

14,090

Ordinary A

£1

14,090

14,090

8,410

Ordinary B

£1

8,410

8,410

3,000

Ordinary C

£1

3,000

3,000

5,400

Ordinary D

£1

5,400

5,400

3,000

Ordinary E

£1

3,000

3,000

3,000

Ordinary F

£1

3,000

3,000

3,000

Ordinary G

£1

3,000

3,000

46,725

46,725

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2015 and

31 December 2014:

31.12.15

31.12.14

£

£

S C Pigott

Balance outstanding at start of year

90,295

41,708

Amounts advanced

72,844

92,357

Amounts repaid

(67,405

)

(43,770

)

Balance outstanding at end of year

95,734

90,295

The maximum amount outstanding during the period and due by S C Pigott was £136,097. No interest was paid

during the year on this amount.

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £15,750 (2014 - £10,250) were paid to the directors .

Included in debtors at 31 December 2015 is an amount of £23,436 (2014 creditor of £799) due from Searches

Group Limited, a company in which the directors and some shareholders have a material interest.

During the year the company provided management services of £14,400 (2014 £21,000) to Searches Group

Limited.

Included in debtors at 31 December 2015 is an amount of £12,695 (2014 creditor of £1,190) due from Visual

Beauty Limited, a company in which the director S C Pigott has a material interest.

Included in debtors at 31 December 2015 is an amount of £38,888 (2014 £44,745) due from Commercial

Chameleons Limited, a company in which S C Pigott has a material interest.

Included in creditors at 31 December 2015 is an amount of £5,337 (2014 £3,000 due from) due to Planval

Limited, a company in which P I Allan has a material interest.

7.	ULTIMATE CONTROLLING PARTY