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REGISTERED NUMBER: 07298917 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

AMSOURCE TECHNOLOGY LIMITED

AMSOURCE TECHNOLOGY LIMITED (REGISTERED NUMBER: 07298917)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AMSOURCE TECHNOLOGY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: A D Maeer
L J Maeer





REGISTERED OFFICE: St Paul's House
23 Park Square
Leeds
West Yorkshire
LS1 2ND





REGISTERED NUMBER: 07298917 (England and Wales)





ACCOUNTANTS: Sedulo Leeds Limited
St Paul's House
23 Park Square
Leeds
West Yorkshire
LS1 2ND

AMSOURCE TECHNOLOGY LIMITED (REGISTERED NUMBER: 07298917)

BALANCE SHEET
31 DECEMBER 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,621 12,542
Tangible assets 5 24,898 27,981
34,519 40,523

CURRENT ASSETS
Debtors 6 248,007 325,879
Cash at bank and in hand 107,373 94,122
355,380 420,001
CREDITORS
Amounts falling due within one year 7 81,422 176,989
NET CURRENT ASSETS 273,958 243,012
TOTAL ASSETS LESS CURRENT LIABILITIES 308,477 283,535

CREDITORS
Amounts falling due after more than one
year

8

(24,167

)

(34,167

)

PROVISIONS FOR LIABILITIES (6,054 ) -
NET ASSETS 278,256 249,368

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 278,156 249,268
SHAREHOLDERS' FUNDS 278,256 249,368

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

AMSOURCE TECHNOLOGY LIMITED (REGISTERED NUMBER: 07298917)

BALANCE SHEET - continued
31 DECEMBER 2022


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

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 9 October 2023 and were signed on its behalf by:





A D Maeer - Director


AMSOURCE TECHNOLOGY LIMITED (REGISTERED NUMBER: 07298917)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022


1. STATUTORY INFORMATION

Amsource Technology Limited 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.

The principal activity of the company during the period was that of recruitment agents in the technology sector.

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.

The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.

At the time of signing these accounts, having considered the economic climate, the Directors expectations and intentions for the next twelve months, and the availability of working capital, the Directors are of the opinion that the Company will remain viable for the foreseeable future and therefore these Financial Statements have been prepared on the Going Concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 15% 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.


AMSOURCE TECHNOLOGY LIMITED (REGISTERED NUMBER: 07298917)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


2. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2021 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2022 44,018
Additions 1,105
At 31 December 2022 45,123
AMORTISATION
At 1 January 2022 31,476
Charge for year 4,026
At 31 December 2022 35,502
NET BOOK VALUE
At 31 December 2022 9,621
At 31 December 2021 12,542

AMSOURCE TECHNOLOGY LIMITED (REGISTERED NUMBER: 07298917)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022 76,220
Additions 3,260
At 31 December 2022 79,480
DEPRECIATION
At 1 January 2022 48,239
Charge for year 6,343
At 31 December 2022 54,582
NET BOOK VALUE
At 31 December 2022 24,898
At 31 December 2021 27,981

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 131,613 90,250
Amounts recoverable on contract 8,615 21,070
Other debtors 107,779 214,559
248,007 325,879

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 17,233 35,735
Taxation and social security 27,517 55,751
Other creditors 26,672 75,503
81,422 176,989

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans 24,167 34,167

9. LEASING AGREEMENTS
The company has property lease commitments of approximately £43,456 per year due to expire in 2025.

AMSOURCE TECHNOLOGY LIMITED (REGISTERED NUMBER: 07298917)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


10. RELATED PARTY DISCLOSURES

Included in other debtors is an amount due from Elizabeth Robyn Limited, a company connected by common control, of £39,223 (2021: 39,223).

Also included in other debtors is an amount due from Amsource Technology GmbH, a company connected by common control, of £42,689 (2021: £140,819).

At the balance sheet date, there was an amount of £336 (2021: £336) owed to the director. The loan is unsecured, interest free and repayable on demand.