PENDULUM SOURCING SOLUTIONS LIMITED

Company Registration Number:
05831890 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

PENDULUM SOURCING SOLUTIONS LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

PENDULUM SOURCING SOLUTIONS LIMITED

Company Information

for the Period Ended 31 May 2024




Director: Jonathan Mark Morrisroe
Registered office: 40
Ilberts Way
Pontefract
England
WF8 4SQ
Company Registration Number: 05831890 (England and Wales)

PENDULUM SOURCING SOLUTIONS LIMITED

Balance sheet

As at 31 May 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 1,516 2,573
Total fixed assets: 1,516 2,573
Current assets
Debtors: 5 1,762 1,762
Total current assets: 1,762 1,762
Creditors: amounts falling due within one year: 6 ( 29,631 ) ( 20,545 )
Net current assets (liabilities): ( 27,869 ) ( 18,783 )
Total assets less current liabilities: ( 26,353 ) ( 16,210 )
Total net assets (liabilities): ( 26,353 ) ( 16,210 )

The notes form part of these financial statements

PENDULUM SOURCING SOLUTIONS LIMITED

Balance sheet continued

As at 31 May 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Revaluation reserve: 7 ( 15,867 ) 5,508
Profit and loss account: ( 10,586 ) ( 21,818 )
Shareholders funds: ( 26,353 ) ( 16,210 )

For the year ending 31 May 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 25 February 2025
And Signed On Behalf Of The Board By:

Name: Jonathan Mark Morrisroe
Status: Director

The notes form part of these financial statements

PENDULUM SOURCING SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PENDULUM SOURCING SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 1

PENDULUM SOURCING SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 3. Off balance sheet disclosure

    No

PENDULUM SOURCING SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Tangible assets

Fixtures & fittings Total
Cost £ £
At 01 June 2023 5,286 5,286
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 May 2024 5,286 5,286
Depreciation
At 01 June 2023 2,713 2,713
Charge for year 1,057 1,057
On disposals - -
Other adjustments - -
At 31 May 2024 3,770 3,770
Net book value
At 31 May 2024 1,516 1,516
At 31 May 2023 2,573 2,573

PENDULUM SOURCING SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Debtors


2024
£

2023
£
Trade debtors 1,762 1,762
Total 1,762 1,762

PENDULUM SOURCING SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 4,753 2,222
Trade creditors 13
Taxation and social security 20,380 18,310
Other creditors 4,498
Total 29,631 20,545

PENDULUM SOURCING SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

7. Revaluation reserve


2024
£
Balance at 01 June 2023 5,508
Surplus or deficit after revaluation ( 21,375 )
Balance at 31 May 2024 ( 15,867 )