23 February 2022 false No description of principal activity Taxfiler 2023.10 13934902business:PrivateLimitedCompanyLtd2022-02-232023-02-28 139349022022-02-22 139349022022-02-232023-02-28 13934902business:AuditExemptWithAccountantsReport2022-02-232023-02-28 13934902business:FilletedAccounts2022-02-232023-02-28 139349022023-02-28 13934902business:Director12022-02-232023-02-28 13934902business:RegisteredOffice2022-02-232023-02-28 13934902core:WithinOneYear2023-02-28 13934902core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 13934902core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 13934902core:PreviouslyStatedAmount2023-02-28 13934902business:SmallEntities2022-02-232023-02-28 13934902countries:EnglandWales2022-02-232023-02-28 13934902core:PlantMachinery2022-02-232023-02-28 13934902core:PlantMachinery2022-02-22 13934902core:PlantMachinery2023-02-28 iso4217:GBP xbrli:pure
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
Page
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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
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Source Solutions London Ltd Statement of financial position as at 28 February 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
900 
Current assets
Debtors
5,983 
Cash at bank and in hand
2 
5,985 
Creditors: amounts falling due within one year
(3,791)
Net current assets
2,194 
Net assets
3,094 
Capital and reserves
Called up share capital
1 
Profit and loss account
3,093 
Shareholders' funds
3,094 
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
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Source Solutions London Ltd Notes to the Accounts for the period from 23 February 2022 to 28 February 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 
£ 
Cost or valuation
At cost 
At 23 February 2022
- 
Additions
1,200 
At 28 February 2023
1,200 
Depreciation
Charge for the period
300 
At 28 February 2023
300 
Net book value
At 28 February 2023
900 
5
Debtors
2023 
£ 
Amounts falling due within one year
Other debtors
5,983 
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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 
Loans from directors
44 
Accruals
870 
3,791 
7
Average number of employees
During the period the average number of employees was 1.
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