1 December 2023 false No description of principal activity Taxfiler 2024.6 10361776business:PrivateLimitedCompanyLtd2023-12-012024-11-30 103617762023-11-30 103617762023-12-012024-11-30 10361776business:AuditExemptWithAccountantsReport2023-12-012024-11-30 10361776business:FilletedAccounts2023-12-012024-11-30 103617762024-11-30 10361776business:Director12023-12-012024-11-30 10361776business:Director22023-12-012024-11-30 10361776business:RegisteredOffice2023-12-012024-11-30 103617762023-11-30 10361776core:WithinOneYear2024-11-30 10361776core:WithinOneYear2023-11-30 10361776core:AfterOneYear2024-11-30 10361776core:AfterOneYear2023-11-30 10361776core:ShareCapitalcore:PreviouslyStatedAmount2024-11-30 10361776core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 10361776core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-11-30 10361776core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 10361776core:PreviouslyStatedAmount2024-11-30 10361776core:PreviouslyStatedAmount2023-11-30 10361776business:SmallEntities2023-12-012024-11-30 10361776countries:Wales2023-12-012024-11-30 10361776core:PlantMachinery2023-12-012024-11-30 10361776core:MotorVehicles2023-12-012024-11-30 10361776core:FurnitureFittings2023-12-012024-11-30 10361776core:ComputerEquipment2023-12-012024-11-30 10361776core:IntangibleAssetsOtherThanGoodwill2023-11-30 10361776core:IntangibleAssetsOtherThanGoodwill2023-12-012024-11-30 10361776core:IntangibleAssetsOtherThanGoodwill2024-11-30 10361776core:PlantMachinery2023-11-30 10361776core:FurnitureFittings2023-11-30 10361776core:ComputerEquipment2023-11-30 10361776core:PlantMachinery2024-11-30 10361776core:FurnitureFittings2024-11-30 10361776core:ComputerEquipment2024-11-30 103617762022-12-012023-11-30 iso4217:GBP xbrli:pure
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
Page
- 2 -
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
- 3 -
Eurosource Service Supply Solution Ltd Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
90,700 
75,900 
Tangible assets
32,733 
39,639 
123,433 
115,539 
Current assets
Inventories
13,307 
- 
Debtors
294,890 
555,544 
Cash at bank and in hand
28,784 
(4,221)
336,981 
551,323 
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 
Capital and reserves
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
- 4 -
Eurosource Service Supply Solution Ltd Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
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.
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
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Financial instruments
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 
£ 
Cost
At 1 December 2023
75,900 
Additions
14,800 
At 30 November 2024
90,700 
Amortisation
At 1 December 2023
- 
At 30 November 2024
- 
Net book value
At 30 November 2024
90,700 
At 30 November 2023
75,900 
- 5 -
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 
Depreciation
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 
Net book value
At 30 November 2024
14,959 
12,861 
4,913 
32,733 
At 30 November 2023
20,272 
13,237 
6,130 
39,639 
6
Debtors
2024 
2023 
£ 
£ 
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 
294,890 
555,544 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
52,890 
3,297 
Trade creditors
117,634 
160,298 
Taxes and social security
1,309 
1,098 
Other creditors
14,684 
- 
Loans from directors
529 
529 
Accruals
20,999 
142,365 
208,045 
307,587 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
34,733 
55,272 
Other creditors
50,400 
144,200 
85,133 
199,472 
- 6 -
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).
- 7 -