Registration number:
Sourcinghound Ltd
for the Period from 3 May 2022 to 31 May 2023
Sourcinghound Ltd
Contents
for the Period from 3 May 2022 to 31 May 2023
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Sourcinghound Ltd
Company Information
for the Period from 3 May 2022 to 31 May 2023
Director |
B Coupland |
Registered office |
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Registered number |
14082861 ( England and Wales ) |
Accountants |
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Sourcinghound Ltd
(Registration number: 14082861)
Balance Sheet as at 31 May 2023
Note |
2023 |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
( |
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Net liabilities |
( |
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Capital and reserves |
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Called up share capital |
2 |
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Retained earnings |
(2,041) |
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Shareholders' deficit |
(2,039) |
For the financial period ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Sourcinghound Ltd
Notes to the Unaudited Financial Statements for the Period from 3 May 2022 to 31 May 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The accounts have been prepared on the going concern basis on the understanding that the directors will continue to financially support the company for the forseeable future.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Sourcinghound Ltd
Notes to the Unaudited Financial Statements for the Period from 3 May 2022 to 31 May 2023
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
Debtors |
Current |
2023 |
Prepayments |
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Sourcinghound Ltd
Notes to the Unaudited Financial Statements for the Period from 3 May 2022 to 31 May 2023
Creditors |
Creditors: amounts falling due within one year
2023 |
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Due within one year |
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Accruals and deferred income |
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Other creditors |
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Related party transactions |
Transactions with the director |
2023 |
At 3 May 2022 |
Advances to director |
Repayments by director |
At 31 May 2023 |
Advances and credits |
- |
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( |
( |
Other transactions with the director |
The balance due to the director at the year end date was free of interest and deemed repayable on demand.