SOURX LIMITED

Company Registration Number:
08828978 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2025

Period of accounts

Start date: 01 February 2024

End date: 31 January 2025

SOURX LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2025

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

SOURX LIMITED

Company Information

for the Period Ended 31 January 2025




Registered office: 71-75
Shelton Street
Covent Garden
London
GBR
WC2H 9JQ
Company Registration Number: 08828978 (England and Wales)

SOURX LIMITED

Profit and Loss Account

for the Period Ended 31 January 2025


Notes

2025
£

2024
£
Gross Profit or (Loss) 412,964 281,468
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 0 ) ( 0 )
Administrative Expenses ( 354,246 ) ( 247,785 )
Operating Profit or (Loss) 58,718 33,683
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges ( 0 ) ( 2,444 )
Profit or (Loss) Before Tax 58,718 31,239
Tax on Profit ( 11,156 ) ( 5,935 )
Profit or (Loss) for Period 47,562 25,304

The notes form part of these financial statements

SOURX LIMITED

Balance sheet

As at 31 January 2025


Notes

2025
£

2024
£
Fixed assets
Intangible assets: 4 90,243 50,367
Tangible assets: 5 76,974 80,448
Total fixed assets: 167,217 130,815
Current assets
Stocks: 101,977 59,595
Debtors: 2,326,855 16,174
Cash at bank and in hand: 6,245 34,185
Total current assets: 2,435,077 109,954
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: ( 2,448,017 ) ( 87,809 )
Net current assets (liabilities): ( 12,940 ) 22,145
Total assets less current liabilities: 154,277 152,960
Creditors: amounts falling due after more than one year: ( 73,555 ) ( 119,800 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): 80,722 33,160

The notes form part of these financial statements

SOURX LIMITED

Balance sheet continued

As at 31 January 2025


Notes

2025
£

2024
£
Capital and reserves
Called up share capital: 1 1
Revaluation reserve: 6 0 0
Profit and loss account: 80,721 33,159
Shareholders funds: 80,722 33,160

For the year ending 31 January 2025 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 5 February 2025
And Signed On Behalf Of The Board By:

Name: Jean Francois AGOSSOU
Status: Director

The notes form part of these financial statements

SOURX LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 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

SOURX LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 2. Employees


    2025

    2024
    Average number of employees during the period 3 3

SOURX LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 3. Off balance sheet disclosure

    No

SOURX LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 4. Intangible assets

    Total
    Cost £
    At 01 February 2024 55,226
    Additions 51,362
    Disposals (0)
    Revaluations 0
    Transfers 0
    At 31 January 2025 106,588
    Amortisation
    Amortisation at 01 February 2024 4,859
    Charge for year 11,486
    On disposals (0)
    Other adjustments 0
    Amortisation at 31 January 2025 16,345
    Net book value
    Net book value at 31 January 2025 90,243
    Net book value at 31 January 2024 50,367

SOURX LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

5. Tangible Assets

Total
Cost £
At 01 February 2024 86,985
Additions 0
Disposals (0)
Revaluations 0
Transfers 0
At 31 January 2025 86,985
Depreciation
At 01 February 2024 6,537
Charge for year 3,474
On disposals (0)
Other adjustments 0
At 31 January 2025 10,011
Net book value
At 31 January 2025 76,974
At 31 January 2024 80,448

SOURX LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

6. Revaluation reserve


2025
£
Balance at 01 February 2024 0
Surplus or deficit after revaluation 0
Balance at 31 January 2025 0