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REGISTERED NUMBER: 13603923 (England and Wales)








SOURCE-RE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023






SOURCE-RE LIMITED (REGISTERED NUMBER: 13603923)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Balance sheet 1


SOURCE-RE LIMITED (REGISTERED NUMBER: 13603923)

BALANCE SHEET
31 AUGUST 2023

2023 2022
£    £    £    £   
Fixed assets 1,821 130

Current assets 116,719 308,017

Creditors
Amounts falling due within one year (64,228 ) (205,795 )
Net current assets 52,491 102,222
Total assets less current liabilities 54,312 102,352

Capital and reserves 54,312 102,352

Notes to the financial statements

1. Statutory information

Source-re Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13603923

Registered office: 3 New Mill Court
Enterprise Park
Swansea
SA7 9FG

The presentation currency of the financial statements is the Pound Sterling (£).


2. Average number of employees

The average number of employees during the year was 4 (2022 - 4 ) .

3. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the year ended 31 August 2023 and the period ended 31 August 2022:

2023 2022
£    £   
E J Matthews
Balance outstanding at start of year 54 -
Amounts advanced 81,600 366
Amounts repaid (81,535 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 119 54

SOURCE-RE LIMITED (REGISTERED NUMBER: 13603923)

BALANCE SHEET - continued
31 AUGUST 2023

Notes to the financial statements

3. Directors' advances, credits and guarantees - continued

B Barlow
Balance outstanding at start of year (2,297 ) -
Amounts advanced 65,983 14
Amounts repaid (52,238 ) (2,311 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,448 (2,297 )

The loan balances are included within debtors. These loans are unsecured, repayable on demand and interest has been charged at a rate of 2.00% and 2.25% of the actual outstanding loan balances due to the company during the year. The total interest charge was £219 (2022: £nil).

The loan balances are due to be repaid within 9 months of the year end.



SOURCE-RE LIMITED (REGISTERED NUMBER: 13603923)

BALANCE SHEET - continued
31 AUGUST 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





E J Matthews - Director