1 October 2023 false No description of principal activity Taxfiler 2024.6 SC341198business:PrivateLimitedCompanyLtd2023-10-012024-09-30 SC3411982023-09-30 SC3411982023-10-012024-09-30 SC341198business:AuditExempt-NoAccountantsReport2023-10-012024-09-30 SC341198business:FilletedAccounts2023-10-012024-09-30 SC3411982024-09-30 SC341198business:Director32023-10-012024-09-30 SC341198business:Director42023-10-012024-09-30 SC341198business:Director52023-10-012024-09-30 SC341198business:RegisteredOffice2023-10-012024-09-30 SC3411982023-09-30 SC341198core:WithinOneYear2024-09-30 SC341198core:WithinOneYear2023-09-30 SC341198core:AfterOneYear2024-09-30 SC341198core:AfterOneYear2023-09-30 SC341198core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 SC341198core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 SC341198core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 SC341198core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 SC341198core:PreviouslyStatedAmount2024-09-30 SC341198core:PreviouslyStatedAmount2023-09-30 SC341198business:SmallEntities2023-10-012024-09-30 SC341198countries:Scotland2023-10-012024-09-30 SC341198core:PlantMachinery2023-10-012024-09-30 SC341198core:PlantMachinery2023-09-30 SC341198core:PlantMachinery2024-09-30 SC3411982022-10-012023-09-30 iso4217:GBP xbrli:pure
Company Registration No. SC341198 (Scotland)
Tec-Source Ltd Unaudited accounts for the year ended 30 September 2024
Tec-Source Ltd Unaudited accounts Contents
Page
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Tec-Source Ltd Company Information for the year ended 30 September 2024
Directors
R Dunn S Flynn K Marshall
Company Number
SC341198 (Scotland)
Registered Office
Alexander Stephen House Unit 3, 91 Holmfauld Road Glasgow G51 4RY Scotland
Accountants
Ambient Accounting Ltd Suite 6 Ellesmere House 1 Pennington Street Worsley Manchester M28 3LR
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Tec-Source Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1 
1 
Current assets
Debtors
956,988 
839,976 
Cash at bank and in hand
85,374 
66,075 
1,042,362 
906,051 
Creditors: amounts falling due within one year
(965,962)
(818,253)
Net current assets
76,400 
87,798 
Total assets less current liabilities
76,401 
87,799 
Creditors: amounts falling due after more than one year
(13,850)
(24,403)
Net assets
62,551 
63,396 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
62,547 
63,392 
Shareholders' funds
62,551 
63,396 
For the year ending 30 September 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 17 June 2025 and were signed on its behalf by
S Flynn Director Company Registration No. SC341198
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Tec-Source Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Tec-Source Ltd is a private company, limited by shares, registered in Scotland, registration number SC341198. The registered office is Alexander Stephen House, Unit 3, 91 Holmfauld Road, Glasgow, G51 4RY, Scotland.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
33% on cost
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 October 2023
20,754 
At 30 September 2024
20,754 
Depreciation
At 1 October 2023
20,753 
At 30 September 2024
20,753 
Net book value
At 30 September 2024
1 
At 30 September 2023
1 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
50,796 
16,564 
Trade debtors
904,076 
812,082 
Other debtors
2,116 
11,330 
956,988 
839,976 
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Tec-Source Ltd Notes to the Accounts for the year ended 30 September 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
807,521 
724,763 
Trade creditors
51,145 
15,138 
Taxes and social security
13,251 
25,461 
Other creditors
1,072 
- 
Loans from directors
59,260 
49,760 
Accruals
33,713 
3,131 
965,962 
818,253 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
13,850 
24,403 
8
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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