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Company Registration No. 04600307 (England and Wales)
SOURCE ONE CONSULTING LTD Unaudited accounts for the year ended 31 December 2023
SOURCE ONE CONSULTING LTD Unaudited accounts Contents
Page
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SOURCE ONE CONSULTING LTD Company Information for the year ended 31 December 2023
Directors
Mrs L J Lewis Mr P J Lewis
Secretary
Mrs L J Lewis
Company Number
04600307 (England and Wales)
Registered Office
ABBEYGATE ACCOUNTANCY, STATION HILL THURSTON BURY ST. EDMUNDS SUFFOLK IP31 3QU ENGLAND
Accountants
ABBEYGATE ACCOUNTANCY LTD UNIT 27 STATION HILL THURSTON BURY ST. EDMUNDS ENGLAND IP31 3QU
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SOURCE ONE CONSULTING LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
180,413 
60,990 
Investments
54,721 
49,071 
235,134 
110,061 
Current assets
Inventories
25,000 
21,000 
Debtors
194,320 
319,716 
Cash at bank and in hand
367,564 
411,938 
586,884 
752,654 
Creditors: amounts falling due within one year
(196,011)
(316,641)
Net current assets
390,873 
436,013 
Total assets less current liabilities
626,007 
546,074 
Creditors: amounts falling due after more than one year
(294,923)
(291,207)
Provisions for liabilities
Deferred tax
(33,852)
(9,273)
Net assets
297,232 
245,594 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
297,228 
245,590 
Shareholders' funds
297,232 
245,594 
For the year ending 31 December 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 12 April 2024 and were signed on its behalf by
Mrs L J Lewis Director Company Registration No. 04600307
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SOURCE ONE CONSULTING LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
SOURCE ONE CONSULTING LTD is a private company, limited by shares, registered in England and Wales, registration number 04600307. The registered office is ABBEYGATE ACCOUNTANCY, STATION HILL, THURSTON, BURY ST. EDMUNDS, SUFFOLK, IP31 3QU, 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 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:
Motor vehicles
25% reducing balance
Fixtures & fittings
25% straight line
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
66,349 
33,822 
100,171 
Additions
150,832 
298 
151,130 
At 31 December 2023
217,181 
34,120 
251,301 
Depreciation
At 1 January 2023
10,963 
28,218 
39,181 
Charge for the year
29,684 
2,023 
31,707 
At 31 December 2023
40,647 
30,241 
70,888 
Net book value
At 31 December 2023
176,534 
3,879 
180,413 
At 31 December 2022
55,386 
5,604 
60,990 
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SOURCE ONE CONSULTING LTD Notes to the Accounts for the year ended 31 December 2023
5
Investments
Other investments 
£ 
Valuation at 1 January 2023
49,071 
Additions
12,000 
Disposals
(6,350)
Valuation at 31 December 2023
54,721 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
110,336 
265,151 
Amounts due from group undertakings etc.
67,000 
48,000 
Accrued income and prepayments
5,000 
4,750 
Other debtors
11,984 
1,815 
194,320 
319,716 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
34,856 
44,005 
Obligations under finance leases and hire purchase contracts
24,650 
13,750 
Trade creditors
119,417 
253,994 
Taxes and social security
13,241 
3,592 
Other creditors
3,620 
376 
Loans from directors
227 
924 
196,011 
316,641 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
193,513 
256,833 
Obligations under finance leases and hire purchase contracts
101,410 
34,374 
294,923 
291,207 
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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