LocalReach Ltd

Contents
	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—6

Registered number: 7633262

		2017		2016 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	6		315		1

			315		1
CURRENT ASSETS
Debtors	7	30,475		2,713
Cash at bank and in hand		359		416

		30,834		3,129
Creditors: Amounts Falling Due Within One Year	8	(26,867 )		(5,989 )

NET CURRENT ASSETS (LIABILITIES)			3,967		(2,860 )

TOTAL ASSETS LESS CURRENT LIABILITIES			4,282		(2,859 )

Creditors: Amounts Falling Due After More Than One Year	9		(2,220 )		(3,230 )

NET ASSETS			2,062		(6,089 )

CAPITAL AND RESERVES
Called up share capital	10		1		1
Profit and loss account			2,061		(6,090)

SHAREHOLDERS' FUNDS			2,062		(6,089)

Page 1

LocalReach Ltd

Balance Sheet (continued)

As at 31 May 2017

For the year ending 31 May 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the Profit and Loss Account

On behalf of the board

Mr James Pike

19 December 2017

	Share Capital	Profit & Loss Account	Total
	£	£	£
As at 1 June 2015	1	(3,821 )	(3,820)
Profit for the year and total comprehensive income	-	6,166	6,166

Dividends paid	-	(8,435)	(8,435)

As at 31 May 2016 and 1 June 2016	1	(6,090 )	(6,089)


Prior year adjustment	-	1,835	1,835

As at 1 June 2016 as restated	1	(6,090)	(6,089)
(6,090)

Profit for the year and total comprehensive income	-	10,541	10,541

Dividends paid	-	(2,390)	(2,390)

As at 31 May 2017	1	2,061	2,062

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

25% Straight Line

1.4. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.

6. Tangible Assets


	Computer Equipment
	£
Cost
As at 1 June 2016	709
Additions	419

As at 31 May 2017	1,128

Depreciation
As at 1 June 2016	708
Provided during the period	105

As at 31 May 2017	813

Net Book Value
As at 31 May 2017	315

As at 1 June 2016	1

7. Debtors

	2017	2016 as restated
	£	£
Due within one year
Trade debtors	11,541	2,713
Director's loan account	18,934	-

	30,475	2,713

Page 4

LocalReach Ltd

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 May 2017

8. Creditors: Amounts Falling Due Within One Year

	2017	2016 as restated
	£	£
Trade creditors	14,092	-
Bank loans and overdrafts	3,326	3,843
Corporation tax	3,531	1,662
Other taxes and social security	709	406
VAT	4,225	-
Other creditors	409	78
Accruals and deferred income	575	-

	26,867	5,989

9. Creditors: Amounts Falling Due After More Than One Year

	2017	2016 as restated
	£	£
Bank loans	2,220	3,230

10. Share Capital

	Value	Number	2017	2016 as restated
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	1	1	1

11. Transactions With and Loans to Directors

Included within Debtors are the following loans to directors:

	As at 1 June 2016	Amounts advanced	Amounts repaid	As at 31 May 2017
	£	£	£	£
Mr James Pike	-	18,934	-	18,934

The above loan is unsecured and repayable on demand.

Dividends paid to directors

	2017	2016
	£	£
Mr James Pike	2,390	8,435

Page 5

LocalReach Ltd

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 May 2017

12. Dividends

	2017	2016 as restated
	£	£
On equity shares:
Interim dividend paid	2,390	8,435

	2,390	8,435

13. Ultimate Controlling Party

The company's ultimate controlling party is Mr James Pike by virtue of his ownership of 100% of the issued share capital in the company.

14. General Information

LocalReach Ltd Registered number 7633262 is a limited by shares company incorporated in England & Wales. The Registered Office is Highbridge Enterprise Centre, Isleport Business Park, Bennett Way, Highbridge, Somerset, TA9 4AL.