Source Tec Limited 10839749 false 2023-07-01 2024-12-31 2024-12-31 The principal activity of the company is that of the provision of office equipment and accessories Digita Accounts Production Advanced 6.30.9574.0 true true 10839749 2023-07-01 2024-12-31 10839749 2024-12-31 10839749 core:CurrentFinancialInstruments 2024-12-31 10839749 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 10839749 bus:SmallEntities 2023-07-01 2024-12-31 10839749 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-12-31 10839749 bus:FilletedAccounts 2023-07-01 2024-12-31 10839749 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-12-31 10839749 bus:RegisteredOffice 2023-07-01 2024-12-31 10839749 bus:Director1 2023-07-01 2024-12-31 10839749 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-12-31 10839749 countries:EnglandWales 2023-07-01 2024-12-31 10839749 2022-07-01 2023-06-30 10839749 2023-06-30 10839749 core:CurrentFinancialInstruments 2023-06-30 10839749 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 10839749

Source Tec Limited

Unaudited Financial Statements

for the Period from 1 July 2023 to 31 December 2024

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Source Tec Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 4

 

Source Tec Limited

Company Information

Director

J S Harradine

Registered office

130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Source Tec Limited

Statement of Financial Position as at 31 December 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

100

1,131

Cash at bank and in hand

 

-

121

 

100

1,252

Creditors: Amounts falling due within one year

5

-

(1,148)

Net assets

 

100

104

Capital and reserves

 

Called up share capital

100

100

Retained earnings

-

4

Shareholders' funds

 

100

104

For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the director on 21 February 2025
 

.........................................

J S Harradine

Director

Company registration number: 10839749

 

Source Tec Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2023 to 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of the provision of office equipment and accessories.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company has no fixed overheads and no working capital requirements.

On the basis of the above and after making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable in the normal course of the company's activities for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Source Tec Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2023 to 31 December 2024

3

Staff numbers

The average number of persons employed by the company during the period, was 0 (2023 - 0).

4

Debtors

2024
£

2023
£

Other debtors

100

1,131

100

1,131

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Trade creditors

-

148

Other creditors

-

1,000

-

1,148