SOURCE UPS LTD

Company Registration Number:
06775105 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2021

Period of accounts

Start date: 01 January 2021

End date: 31 December 2021

SOURCE UPS LTD

Contents of the Financial Statements

for the Period Ended 31 December 2021

Balance sheet
Notes

SOURCE UPS LTD

Balance sheet

As at 31 December 2021


Notes

2021

2020


£

£
Fixed assets
Tangible assets: 3 19,278 20,701
Total fixed assets: 19,278 20,701
Current assets
Debtors:   328,658 323,923
Cash at bank and in hand: 332,595 273,269
Total current assets: 661,253 597,192
Creditors: amounts falling due within one year:   (445,898) (308,852)
Net current assets (liabilities): 215,355 288,340
Total assets less current liabilities: 234,633 309,041
Creditors: amounts falling due after more than one year:   (196,449) (210,318)
Provision for liabilities: (3,500) (3,500)
Total net assets (liabilities): 34,684 95,223
Capital and reserves
Called up share capital: 200 200
Profit and loss account: 34,484 95,023
Shareholders funds: 34,684 95,223

The notes form part of these financial statements

SOURCE UPS LTD

Balance sheet statements

For the year ending 31 December 2021 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 17 August 2022
and signed on behalf of the board by:

Name: Mr Gavin Banks
Status: Director

The notes form part of these financial statements

SOURCE UPS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SOURCE UPS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2021

2. Employees

2021 2020
Average number of employees during the period 5 5

SOURCE UPS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2021

3. Tangible Assets

Total
Cost £
At 01 January 2021 39,989
Additions 8,399
Disposals (7,148)
At 31 December 2021 41,240
Depreciation
At 01 January 2021 19,288
Charge for year 9,822
On disposals (7,148)
At 31 December 2021 21,962
Net book value
At 31 December 2021 19,278
At 31 December 2020 20,701