1 December 2022 false No description of principal activity Taxfiler 2024.5 10361776business:PrivateLimitedCompanyLtd2022-12-012023-11-30 103617762022-11-30 103617762022-12-012023-11-30 10361776business:AuditExemptWithAccountantsReport2022-12-012023-11-30 10361776business:FilletedAccounts2022-12-012023-11-30 103617762023-11-30 10361776business:Director12022-12-012023-11-30 10361776business:Director32022-12-012023-11-30 10361776business:RegisteredOffice2022-12-012023-11-30 103617762022-11-30 10361776core:WithinOneYear2023-11-30 10361776core:WithinOneYear2022-11-30 10361776core:AfterOneYear2023-11-30 10361776core:AfterOneYear2022-11-30 10361776core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 10361776core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 10361776core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 10361776core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 10361776core:PreviouslyStatedAmount2023-11-30 10361776core:PreviouslyStatedAmount2022-11-30 10361776business:SmallEntities2022-12-012023-11-30 10361776countries:Wales2022-12-012023-11-30 10361776core:PlantMachinery2022-12-012023-11-30 10361776core:MotorVehicles2022-12-012023-11-30 10361776core:FurnitureFittings2022-12-012023-11-30 10361776core:ComputerEquipment2022-12-012023-11-30 10361776core:IntangibleAssetsOtherThanGoodwill2022-11-30 10361776core:IntangibleAssetsOtherThanGoodwill2023-11-30 10361776core:PlantMachinery2022-11-30 10361776core:FurnitureFittings2022-11-30 10361776core:ComputerEquipment2022-11-30 10361776core:PlantMachinery2023-11-30 10361776core:FurnitureFittings2023-11-30 10361776core:ComputerEquipment2023-11-30 103617762021-07-012022-11-30 iso4217:GBP xbrli:pure
Company Registration No. 10361776 (Wales)
Eurosource Service Supply Solution Ltd Unaudited accounts for the year ended 30 November 2023
Eurosource Service Supply Solution Ltd Unaudited accounts Contents
Page
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Eurosource Service Supply Solution Ltd Company Information for the year ended 30 November 2023
Directors
S K Williams Rhys Allan Glyn Williams
Company Number
10361776 (Wales)
Registered Office
Euro Business Park Aberbargoed CF81 9AG
Accountants
R H Jeffs & Rowe Ltd 27-28 Gelliwastad Road Pontypridd CF37 2BW
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Eurosource Service Supply Solution Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
75,900 
75,900 
Tangible assets
39,639 
10,342 
115,539 
86,242 
Current assets
Debtors
555,544 
836,146 
Cash at bank and in hand
(4,221)
80,039 
551,323 
916,185 
Creditors: amounts falling due within one year
(307,587)
(678,894)
Net current assets
243,736 
237,291 
Total assets less current liabilities
359,275 
323,533 
Creditors: amounts falling due after more than one year
(199,472)
(183,427)
Net assets
159,803 
140,106 
Capital and reserves
Called up share capital
15,100 
15,100 
Profit and loss account
144,703 
125,006 
Shareholders' funds
159,803 
140,106 
For the year ending 30 November 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 15 August 2024 and were signed on its behalf by
S K Williams Director Company Registration No. 10361776
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Eurosource Service Supply Solution Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Eurosource Service Supply Solution Ltd is a private company, limited by shares, registered in Wales, registration number 10361776. The registered office is Euro Business Park, Aberbargoed, CF81 9AG.
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:
Plant & machinery
20% per annum on a straight line basis
Motor vehicles
20% per annum on a straight line basis
Fixtures & fittings
20% per annum on a straight line basis
Computer equipment
20% per annum on a straight line basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 December 2022
75,900 
At 30 November 2023
75,900 
Amortisation
At 1 December 2022
- 
At 30 November 2023
- 
Net book value
At 30 November 2023
75,900 
At 30 November 2022
75,900 
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Eurosource Service Supply Solution Ltd Notes to the Accounts for the year ended 30 November 2023
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2022
5,000 
2,806 
7,716 
15,522 
Additions
21,564 
12,595 
2,121 
36,280 
At 30 November 2023
26,564 
15,401 
9,837 
51,802 
Depreciation
At 1 December 2022
2,417 
899 
1,864 
5,180 
Charge for the year
3,875 
1,265 
1,843 
6,983 
At 30 November 2023
6,292 
2,164 
3,707 
12,163 
Net book value
At 30 November 2023
20,272 
13,237 
6,130 
39,639 
At 30 November 2022
2,583 
1,907 
5,852 
10,342 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
478,437 
835,225 
Accrued income and prepayments
6,522 
821 
Other debtors
70,585 
100 
555,544 
836,146 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
3,297 
46,617 
Trade creditors
160,298 
627,539 
Taxes and social security
1,098 
1,609 
Loans from directors
529 
529 
Accruals
142,365 
2,600 
307,587 
678,894 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
55,272 
75,427 
Other creditors
144,200 
108,000 
199,472 
183,427 
9
Average number of employees
During the year the average number of employees was 10 (2022: 9).
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