Company Registration No. 10361776 (Wales)
Eurosource Service Supply Solution Ltd
Unaudited accounts
for the year ended 30 November 2024
Eurosource Service Supply Solution Ltd
Unaudited accounts
Contents
Eurosource Service Supply Solution Ltd
Company Information
for the year ended 30 November 2024
Directors
S K Williams
Rhys Allan Glyn Williams
Company Number
10361776 (Wales)
Registered Office
Euro Business Park
Aberbargoed
CF81 9AG
Accountants
R H Jeffs & Rowe Ltd
27-28 Gelliwastad Road
Pontypridd
CF37 2BW
Eurosource Service Supply Solution Ltd
Statement of financial position
as at 30 November 2024
Intangible assets
90,700
75,900
Tangible assets
32,733
39,639
Cash at bank and in hand
28,784
(4,221)
Creditors: amounts falling due within one year
(208,045)
(307,587)
Net current assets
128,936
243,736
Total assets less current liabilities
252,369
359,275
Creditors: amounts falling due after more than one year
(85,133)
(199,472)
Net assets
167,236
159,803
Called up share capital
15,100
15,100
Profit and loss account
152,136
144,703
Shareholders' funds
167,236
159,803
For the year ending 30 November 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 28 August 2025 and were signed on its behalf by
S K Williams
Director
Company Registration No. 10361776
Eurosource Service Supply Solution Ltd
Notes to the Accounts
for the year ended 30 November 2024
Eurosource Service Supply Solution Ltd is a private company, limited by shares, registered in Wales, registration number 10361776. The registered office is Euro Business Park, Aberbargoed, CF81 9AG.
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
20% per annum on a straight line basis
Motor vehicles
20% per annum on a straight line basis
Fixtures & fittings
20% per annum on a straight line basis
Computer equipment
20% per annum on a straight line basis
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Intangible fixed assets
Other
At 30 November 2024
90,700
At 30 November 2024
90,700
At 30 November 2023
75,900
Eurosource Service Supply Solution Ltd
Notes to the Accounts
for the year ended 30 November 2024
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2023
26,564
15,401
9,837
51,802
Additions
-
2,897
818
3,715
At 30 November 2024
26,564
18,298
10,655
55,517
At 1 December 2023
6,292
2,164
3,707
12,163
Charge for the year
5,313
3,273
2,035
10,621
At 30 November 2024
11,605
5,437
5,742
22,784
At 30 November 2024
14,959
12,861
4,913
32,733
At 30 November 2023
20,272
13,237
6,130
39,639
Amounts falling due within one year
Trade debtors
289,728
478,437
Accrued income and prepayments
20
6,522
Other debtors
5,142
70,585
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
117,634
160,298
Taxes and social security
1,309
1,098
Loans from directors
529
529
8
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
50,400
144,200
Eurosource Service Supply Solution Ltd
Notes to the Accounts
for the year ended 30 November 2024
9
Transactions with related parties
During the year, the company received a loan of £14,684 from a company in which a director/shareholder of this company holds a one-third ownership interest.
Nature of relationship: Related company by virtue of common ownership.
Transaction: Loan received.
Amount: £14,684.
Terms: The loan is interest-free, unsecured, and repayable on demand.
No other related party transactions occurred that require disclosure under the Companies Act 2006 and FRS 102 Section 1A.
10
Average number of employees
During the year the average number of employees was 10 (2023: 10).