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Company Registration No. 12111437 (England and Wales)
SOURCED GLOBAL LTD Unaudited accounts for the year ended 31 July 2023
SOURCED GLOBAL LTD Unaudited accounts Contents
Page
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SOURCED GLOBAL LTD Company Information for the year ended 31 July 2023
Directors
BARKSBY, Matthew Andrew COLLIER, Lucy Louise
Company Number
12111437 (England and Wales)
Registered Office
78a Lennard Road London SE20 7LY United Kingdom
Accountants
Lateral Accounting Ltd 2 Chestnut Road Kingston Upon Thames KT2 5AP
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SOURCED GLOBAL LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,213 
4,178 
Current assets
Debtors
84,975 
89,651 
Cash at bank and in hand
49,324 
34,214 
134,299 
123,865 
Creditors: amounts falling due within one year
(104,225)
(95,464)
Net current assets
30,074 
28,401 
Net assets
33,287 
32,579 
Capital and reserves
Profit and loss account
33,287 
32,579 
Shareholders' funds
33,287 
32,579 
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 31 August 2023 and were signed on its behalf by
COLLIER, Lucy Louise Director Company Registration No. 12111437
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SOURCED GLOBAL LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
SOURCED GLOBAL LTD is a private company, limited by shares, registered in England and Wales, registration number 12111437. The registered office is 78a Lennard Road, London, SE20 7LY, United Kingdom.
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 remained unchanged from the previous year, and also 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.
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:
Computer equipment
33% Straight line method
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
- 
10,051 
10,051 
Additions
1,663 
1,708 
3,371 
At 31 July 2023
1,663 
11,759 
13,422 
Depreciation
At 1 August 2022
- 
5,873 
5,873 
Charge for the year
416 
3,920 
4,336 
At 31 July 2023
416 
9,793 
10,209 
Net book value
At 31 July 2023
1,247 
1,966 
3,213 
At 31 July 2022
- 
4,178 
4,178 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
84,975 
89,651 
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SOURCED GLOBAL LTD Notes to the Accounts for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
31,031 
27,613 
Trade creditors
20,116 
15,291 
Taxes and social security
33,938 
38,240 
Loans from directors
18,672 
14,320 
Accruals
468 
- 
104,225 
95,464 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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