Company Registration No. SC341198 (Scotland)
Tec-Source Ltd
Unaudited accounts
for the year ended 30 September 2024
Tec-Source Ltd
Unaudited accounts
Contents
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
Tec-Source Ltd
Statement of financial position
as at 30 September 2024
Cash at bank and in hand
85,374
66,075
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)
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
Tec-Source Ltd
Notes to the Accounts
for the year ended 30 September 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 30 September 2024
20,754
At 30 September 2024
20,753
Amounts falling due within one year
Trade debtors
904,076
812,082
Other debtors
2,116
11,330
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
Loans from directors
59,260
49,760
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 8 (2023: 8).