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REGISTERED NUMBER: SC298238 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

SOURCE TOURISM SOLUTIONS LIMITED

SOURCE TOURISM SOLUTIONS LIMITED (REGISTERED NUMBER: SC298238)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOURCE TOURISM SOLUTIONS LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2024







DIRECTOR: Kirstie Ann Pirie





SECRETARY: Kirstie Ann Pirie





REGISTERED OFFICE: c/o R A Clement Associates
3 Cameron Square
Fort William
Inverness-shire
PH33 6AJ





REGISTERED NUMBER: SC298238 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ

SOURCE TOURISM SOLUTIONS LIMITED (REGISTERED NUMBER: SC298238)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,461 5,927

CURRENT ASSETS
Stocks 35,300 35,300
Debtors 5 24,291 17,231
Cash at bank 455 4
60,046 52,535
CREDITORS
Amounts falling due within one year 6 34,781 36,703
NET CURRENT ASSETS 25,265 15,832
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,726

21,759

CREDITORS
Amounts falling due after more than one year 7 (27,706 ) (19,246 )

PROVISIONS FOR LIABILITIES (1,115 ) (1,482 )
NET ASSETS 905 1,031

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 805 931
SHAREHOLDERS' FUNDS 905 1,031

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 director acknowledges her 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.

SOURCE TOURISM SOLUTIONS LIMITED (REGISTERED NUMBER: SC298238)

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.

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

The financial statements were approved by the director and authorised for issue on 19 January 2025 and were signed by:





Kirstie Ann Pirie - Director


SOURCE TOURISM SOLUTIONS LIMITED (REGISTERED NUMBER: SC298238)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

Source Tourism Solutions Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

SOURCE TOURISM SOLUTIONS LIMITED (REGISTERED NUMBER: SC298238)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 7,151 16,341 23,492
DEPRECIATION
At 1 April 2023 2,631 14,934 17,565
Charge for year 678 788 1,466
At 31 March 2024 3,309 15,722 19,031
NET BOOK VALUE
At 31 March 2024 3,842 619 4,461
At 31 March 2023 4,520 1,407 5,927

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,981 1,264
Other debtors 14,310 15,967
24,291 17,231

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,255 20,564
Taxation and social security 13,654 14,457
Other creditors 1,872 1,682
34,781 36,703

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 27,706 19,246