Company Registration No. 12774204 (England and Wales)
THE SOURCING TABLE LTD
Unaudited accounts
for the year ended 31 March 2024
THE SOURCING TABLE LTD
Unaudited accounts
Contents
THE SOURCING TABLE LTD
Company Information
for the year ended 31 March 2024
Directors
Benedict Jon Michael Henshaw
William Peter Burgess
Company Number
12774204 (England and Wales)
Registered Office
124 City Road
London
EC1V 2NX
England
Accountants
SyK Management Consulting Limited
2A Thornton Road
London
SW14 8NS
THE SOURCING TABLE LTD
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
738
2,714
Creditors: amounts falling due within one year
(196,040)
(177,025)
Net current liabilities
(86,421)
(114,228)
Net liabilities
(85,861)
(113,498)
Called up share capital
68
68
Profit and loss account
(85,929)
(113,566)
Shareholders' funds
(85,861)
(113,498)
For the year ending 31 March 2024 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 14 September 2024 and were signed on its behalf by
William Peter Burgess
Director
Company Registration No. 12774204
THE SOURCING TABLE LTD
Notes to the Accounts
for the year ended 31 March 2024
THE SOURCING TABLE LTD is a private company, limited by shares, registered in England and Wales, registration number 12774204. The registered office is 124 City Road, London, EC1V 2NX, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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:
Fixtures & fittings
Straight line over 3 years
Computer equipment
Straight line over 3 years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Expenditure on research and development is written off in the year in which it is incurred.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
THE SOURCING TABLE LTD
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
2,086
963
3,049
At 31 March 2024
2,086
963
3,049
At 1 April 2023
1,632
687
2,319
Charge for the year
116
54
170
At 31 March 2024
1,748
741
2,489
At 31 March 2024
338
222
560
At 31 March 2023
454
276
730
Amounts falling due within one year
Trade debtors
15,779
12,653
Amounts due from group undertakings etc.
68
-
Accrued income and prepayments
2,818
1,023
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
182,628
128,301
Taxes and social security
1,946
5,315
Included within trade creditors is an amount of £156,124 (2023: £199,514) repayable to the parent Company Indigo Wine Limited.
Allotted, called up and fully paid:
68 Ordinary shares of £1 each
68
68
8
Transactions with related parties
At the balance sheet date, the Company owed £38 to W Burgess, a director.
THE SOURCING TABLE LTD
Notes to the Accounts
for the year ended 31 March 2024
The immediate parent company is Indigo Wine Limited, a company incorporated in the United Kingdom, whose registered office address is 10 Orange Street, London, United Kingdom, WC2H 7DQ. Director Ben Jon Michael Henshaw is the ultimate controlling party because of his majority shareholding in Indigo Wine Limited.
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Average number of employees
During the year the average number of employees was 2 (2023: 2).