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REGISTERED NUMBER: 10925192 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Sourcing Playground Limited

Sourcing Playground Limited (Registered number: 10925192)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Sourcing Playground Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs H Russias
Mr F Russias
Mr S J Pirrie
Mr D Pirrie





REGISTERED OFFICE: 4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF





REGISTERED NUMBER: 10925192 (England and Wales)





ACCOUNTANTS: Ward Goodman
4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

Sourcing Playground Limited (Registered number: 10925192)

Abridged Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,679 29,615
Tangible assets 5 875 4,492
6,554 34,107

CURRENT ASSETS
Debtors 20,697 30,040
Cash at bank 46,702 189,697
67,399 219,737
CREDITORS
Amounts falling due within one year 37,385 36,925
NET CURRENT ASSETS 30,014 182,812
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,568

216,919

CAPITAL AND RESERVES
Called up share capital 13 13
Share premium 529,997 529,997
Retained earnings (493,442 ) (313,091 )
SHAREHOLDERS' FUNDS 36,568 216,919

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Sourcing Playground Limited (Registered number: 10925192)

Abridged Balance Sheet - continued
31 March 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by:





Mrs H Russias - Director


Sourcing Playground Limited (Registered number: 10925192)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Sourcing Playground Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Sourcing Playground Limited (Registered number: 10925192)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 137,837
AMORTISATION
At 1 April 2023 108,222
Amortisation for year 23,936
At 31 March 2024 132,158
NET BOOK VALUE

At 31 March 2024 5,679
At 31 March 2023 29,615

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 7,750
Disposals (5,149 )
At 31 March 2024 2,601
DEPRECIATION
At 1 April 2023 3,258
Charge for year 565
Eliminated on disposal (2,097 )
At 31 March 2024 1,726
NET BOOK VALUE
At 31 March 2024 875
At 31 March 2023 4,492

6. GOING CONCERN

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.