Company Registration No. 13934902 (England and Wales)
Source Solutions London Ltd
Unaudited accounts
for the period from 23 February 2022 to 28 February 2023
Source Solutions London Ltd
Unaudited accounts
Contents
Source Solutions London Ltd
Company Information
for the period from 23 February 2022 to 28 February 2023
Director
Roger Michael Watson
Company Number
13934902 (England and Wales)
Registered Office
6 256 -258 Upper Tooting Road
London
SW17 0DN
England
Accountants
365 Accounts Ltd
44 Brookwood Road
Southampton
Hampshire
SO16 9AJ
Source Solutions London Ltd
Statement of financial position
as at 28 February 2023
Cash at bank and in hand
2
Creditors: amounts falling due within one year
(3,791)
Profit and loss account
3,093
For the period ending 28 February 2023 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 November 2023 and were signed on its behalf by
Roger Michael Watson
Director
Company Registration No. 13934902
Source Solutions London Ltd
Notes to the Accounts
for the period from 23 February 2022 to 28 February 2023
Source Solutions London Ltd is a private company, limited by shares, registered in England and Wales, registration number 13934902. The registered office is 6 256 -258 Upper Tooting Road, London, SW17 0DN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance Method
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Source Solutions London Ltd
Notes to the Accounts
for the period from 23 February 2022 to 28 February 2023
6
Creditors: amounts falling due within one year
2023
Taxes and social security
2,877
7
Average number of employees
During the period the average number of employees was 1.