Caseware UK (AP4) 2024.0.164 2024.0.164 2025-01-31 2025-01-31 true 1 2024-02-01 false No description of principal activity 1 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04641088 2024-02-01 2025-01-31 04641088 2023-02-01 2024-01-31 04641088 2025-01-31 04641088 2024-01-31 04641088 c:Director1 2024-02-01 2025-01-31 04641088 d:Buildings 2024-02-01 2025-01-31 04641088 d:Buildings 2025-01-31 04641088 d:Buildings 2024-01-31 04641088 d:Buildings d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 04641088 d:PlantMachinery 2024-02-01 2025-01-31 04641088 d:PlantMachinery 2025-01-31 04641088 d:PlantMachinery 2024-01-31 04641088 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 04641088 d:MotorVehicles 2024-02-01 2025-01-31 04641088 d:MotorVehicles 2025-01-31 04641088 d:MotorVehicles 2024-01-31 04641088 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 04641088 d:FurnitureFittings 2024-02-01 2025-01-31 04641088 d:FurnitureFittings 2025-01-31 04641088 d:FurnitureFittings 2024-01-31 04641088 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 04641088 d:OfficeEquipment 2024-02-01 2025-01-31 04641088 d:OfficeEquipment 2025-01-31 04641088 d:OfficeEquipment 2024-01-31 04641088 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 04641088 d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 04641088 d:CurrentFinancialInstruments 2025-01-31 04641088 d:CurrentFinancialInstruments 2024-01-31 04641088 d:Non-currentFinancialInstruments 2025-01-31 04641088 d:Non-currentFinancialInstruments 2024-01-31 04641088 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 04641088 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 04641088 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-01-31 04641088 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-01-31 04641088 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-01-31 04641088 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-01-31 04641088 c:FRS102 2024-02-01 2025-01-31 04641088 c:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 04641088 c:FullAccounts 2024-02-01 2025-01-31 04641088 c:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 04641088 2 2024-02-01 2025-01-31 04641088 6 2024-02-01 2025-01-31 04641088 e:PoundSterling 2024-02-01 2025-01-31 iso4217:GBP xbrli:pure

Registered number: 04641088 SOURCEC.COM LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 JANUARY 2025
SOURCEC.COM LIMITED REGISTERED NUMBER: 04641088 STATEMENT OF FINANCIAL POSITION AS AT 31 JANUARY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 76,763 |  | 12,015
Investments | 5 |  | 560,842 |  | 540,850
|  |  | 637,605 |  | 552,865
Current assets |  |  |  |  |
Stocks |  | - |  | 107,752 |
Debtors | 6 | 153,353 |  | 131,991 |
Cash at bank and in hand |  | 18 |  | 995 |
|  | 153,371 |  | 240,738 |
Creditors: amounts falling due within one year | 7 | (2,804,470) |  | (2,707,550) |
Net current liabilities |  |  | (2,651,099) |  | (2,466,812)
Total assets less current liabilities |  |  | (2,013,494) |  | (1,913,947)
Creditors: amounts falling due after more than one year | 8 |  | (3,334) |  | (13,332)
|  |  | (2,016,828) |  | (1,927,279)
Net assets excluding pension asset |  |  | (2,016,828) |  | (1,927,279)
Net liabilities |  |  | (2,016,828) |  | (1,927,279)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1 |  | 1
Profit and loss account |  |  | (2,016,829) |  | (1,927,280)
|  |  | (2,016,828) |  | (1,927,279)
Page 1
SOURCEC.COM LIMITED REGISTERED NUMBER: 04641088 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 JANUARY 2025 The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 June 2025.
C T G Williams
Director
The notes on pages 3 to 8 form part of these financial statements. Page 2
SOURCEC.COM LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 1.Accounting policies
| 1.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The presentational currency of the Company is GBP. The following principal accounting policies have been applied:
| 1.2 | Going concern
At 31 January 2025, the company had net liabilities of £2,016,828. The company is reliant on the support of the director. It is the intention of the director to support the company and therefore these accounts have been prepared on a going concern basis.
| 1.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 1.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 1.5 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 1.6 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred. Page 3
SOURCEC.COM LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 1.Accounting policies (continued)
| 1.7 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Freehold property | - |  |
|  |  |  | Plant & machinery | - | 25% | reducing balance
|  |  |  | Motor vehicles | - | 25% | reducing balance
|  |  |  | Fixtures & fittings | - | 15% | reducing balance
|  |  |  | Office equipment | - | 33% | reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 1.8 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 1.9 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 1.10 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 1.11 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 4
SOURCEC.COM LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
2. | General information
SourceC.com Limited is a private company, limited by shares and incorporated in England. Its registered number is: 04641088 The address of its Registered Office is: Invision House Wilbury Way Hitchin Hertfordshire SG4 0TY
3. | Employees
| The average monthly number of employees, including directors, during the year was 1 (2024 - 1).
4. | Tangible fixed assets
|  | Freehold property improvements | Plant & machinery | Motor vehicles | Fixtures & fittings | Office equipment
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 February 2024 | - | 392 | 22,750 | 55 | 4,075
| Additions | 67,200 | - | - | - | -
| Disposals | - | - | - | (55) | (3,320)
| At 31 January 2025 | 67,200 | 392 | 22,750 | - | 755
| Depreciation |  |  |  |  |
| At 1 February 2024 | - | 268 | 11,102 | 55 | 3,832
| Charge for the year on owned assets | - | 31 | 2,330 | - | 75
| Disposals | - | - | - | (55) | (3,304)
| At 31 January 2025 | - | 299 | 13,432 | - | 603
| Net book value |  |  |  |  |
| At 31 January 2025 | 67,200 | 93 | 9,318 | - | 152
| At 31 January 2024 | - | 124 | 11,648 | - | 243
Page 5
SOURCEC.COM LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 4.Tangible fixed assets (continued)
|  | Total
|  | £
| Cost or valuation |
| At 1 February 2024 | 27,272
| Additions | 67,200
| Disposals | (3,375)
| At 31 January 2025 | 91,097
| Depreciation |
| At 1 February 2024 | 15,257
| Charge for the year on owned assets | 2,436
| Disposals | (3,359)
| At 31 January 2025 | 14,334
| Net book value |
| At 31 January 2025 | 76,763
| At 31 January 2024 | 12,015
Page 6
SOURCEC.COM LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
5. | Fixed asset investments
|  | Unlisted investments
|  | £
| Cost or valuation |
| At 1 February 2024 | 540,850
| Additions | 19,992
| At 31 January 2025 | 560,842
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 2,490 | -
| Amounts owed by related parties | 150,863 | 131,991
|  | 153,353 | 131,991
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 10,000 | 10,000
| Other taxation and social security | 46,371 | 43,648
| Other creditors | 2,746,249 | 2,652,152
| Accruals and deferred income | 1,850 | 1,750
|  | 2,804,470 | 2,707,550
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 3,334 | 13,332
|  | 3,334 | 13,332
Page 7
SOURCEC.COM LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
9. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 10,000 | 10,000
|  | 10,000 | 10,000
| Amounts falling due 1-2 years |  |
| Bank loans | 3,333 | 10,000
|  | 3,333 | 10,000
| Amounts falling due 2-5 years |  |
| Bank loans | - | 3,333
|  | - | 3,333
|  | 13,333 | 23,333
Page 8