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SOURCE AZ LIMITED

Registered Number
14507061
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2024

SOURCE AZ LIMITED
Company Information
for the year from 1 December 2023 to 30 November 2024

Director

SUN, Tiantian

Registered Address

25 Wilton Road
London
SW1V 1LW

Registered Number

14507061 (England and Wales)
SOURCE AZ LIMITED
Statement of Financial Position
30 November 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets31,544-
Tangible assets4958-
2,502-
Current assets
Debtors59,589-
Cash at bank and on hand2,09119,934
11,68019,934
Creditors amounts falling due within one year6(65,245)(22,286)
Net current assets (liabilities)(53,565)(2,352)
Total assets less current liabilities(51,063)(2,352)
Net assets(51,063)(2,352)
Capital and reserves
Called up share capital100-
Profit and loss account(51,163)(2,352)
Shareholders' funds(51,063)(2,352)
The financial statements were approved and authorised for issue by the Director on 23 July 2025, and are signed on its behalf by:
SUN, Tiantian
Director
Registered Company No. 14507061
SOURCE AZ LIMITED
Notes to the Financial Statements
for the year ended 30 November 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A, as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount. Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Straight line (years)
Office Equipment5
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.
2.Average number of employees

20242023
Average number of employees during the year11
3.Intangible assets

Other

Total

££
Cost or valuation
Additions1,6251,625
At 30 November 241,6251,625
Amortisation and impairment
Charge for year8181
At 30 November 248181
Net book value
At 30 November 241,5441,544
At 30 November 23--
4.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
Additions1,0081,008
At 30 November 241,0081,008
Depreciation and impairment
Charge for year5050
At 30 November 245050
Net book value
At 30 November 24958958
At 30 November 23--
5.Debtors: amounts due within one year

2024

2023

££
Other debtors2,249-
Prepayments and accrued income7,340-
Total9,589-
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables2,388-
Amounts owed to related parties62,49922,286
Other creditors358-
Total65,24522,286