F SOURCE LIMITED

Company Registration Number:
08957250 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

F SOURCE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

F SOURCE LIMITED

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 1,732,854 1,028,932
Total fixed assets: 1,732,854 1,028,932
Current assets
Stocks: 1,426,598 887,934
Debtors:   962,598 902,346
Cash at bank and in hand: 356,987 478,029
Total current assets: 2,746,183 2,268,309
Creditors: amounts falling due within one year:   (392,145) (102,392)
Net current assets (liabilities): 2,354,038 2,165,917
Total assets less current liabilities: 4,086,892 3,194,849
Total net assets (liabilities): 4,086,892 3,194,849
Capital and reserves
Called up share capital: 500,000 500,000
Profit and loss account: 3,586,892 2,694,849
Shareholders funds: 4,086,892 3,194,849

The notes form part of these financial statements

F SOURCE LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 13 March 2024
and signed on behalf of the board by:

Name: Ronglin Liu
Status: Director

The notes form part of these financial statements

F SOURCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

F SOURCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 28 16

F SOURCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 1,079,277
Additions 949,954
At 31 March 2023 2,029,231
Depreciation
At 01 April 2022 50,345
Charge for year 246,032
At 31 March 2023 296,377
Net book value
At 31 March 2023 1,732,854
At 31 March 2022 1,028,932