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Registration number: 14082861

Sourcinghound Ltd

Unaudited Filleted Financial Statements

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

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Sourcinghound Ltd

Company Information
for the Period from 3 May 2022 to 31 May 2023

Director

B Coupland

Registered office

86-90 Paul Street
London
EC2A 4NE

Registered number

14082861 ( England and Wales )

Accountants

Windsor Accountancy Limited
Chartered Certified Accountants
St Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

 

Sourcinghound Ltd

(Registration number: 14082861)
Balance Sheet as at 31 May 2023

Note

2023
£

Current assets

 

Debtors

4

1,263

Creditors: Amounts falling due within one year

5

(3,302)

Net liabilities

 

(2,039)

Capital and reserves

 

Called up share capital

2

Retained earnings

(2,041)

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:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

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 director on 22 February 2024
 

.........................................
B Coupland
Director

 

Sourcinghound Ltd

Notes to the Unaudited Financial Statements for the Period from 3 May 2022 to 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
86-90 Paul Street
London
EC2A 4NE
England

These financial statements were authorised for issue by the director on 22 February 2024.

2

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Debtors

Current

2023
£

Prepayments

1,263

 

1,263

 

Sourcinghound Ltd

Notes to the Unaudited Financial Statements for the Period from 3 May 2022 to 31 May 2023

5

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Accruals and deferred income

600

Other creditors

2,702

3,302

6

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

-

6,055

(8,757)

(2,702)

         
       

 

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.