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Company Registration No. 6017114 (England and Wales)
Source For Me Limited Unaudited accounts for the year ended 31 December 2024
Source For Me Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Source For Me Limited Company Information for the year ended 31 December 2024
Director
Mr M Foreman
Company Number
6017114 (England and Wales)
Registered Office
Brynllan Middle Croft Lane Bishopston Swansea SA3 3EL
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Source For Me Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
1,466 
2,199 
Tangible assets
5
141,995 
39,688 
143,461 
41,887 
Current assets
Inventories
43,000 
43,000 
Debtors
6
9,564 
8,947 
Cash at bank and in hand
42,061 
157,848 
94,625 
209,795 
Creditors: amounts falling due within one year
7
(33,930)
(43,968)
Net current assets
60,695 
165,827 
Total assets less current liabilities
204,156 
207,714 
Creditors: amounts falling due after more than one year
8
(3,870)
(14,170)
Net assets
200,286 
193,544 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
200,283 
193,541 
Shareholders' funds
200,286 
193,544 
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 29 September 2025 and were signed on its behalf by
Mr M Foreman Director Company Registration No. 6017114
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Source For Me Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Source For Me Limited is a private company, limited by shares, registered in England and Wales, registration number 6017114. The registered office is Brynllan, Middle Croft Lane, Bishopston, Swansea, SA3 3EL.
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% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
3,667 
At 31 December 2024
3,667 
Amortisation
At 1 January 2024
1,468 
Charge for the year
733 
At 31 December 2024
2,201 
Net book value
At 31 December 2024
1,466 
At 31 December 2023
2,199 
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Source For Me Limited Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 January 2024
- 
56,138 
24,599 
7,464 
8,607 
96,808 
Additions
111,095 
- 
- 
- 
200 
111,295 
At 31 December 2024
111,095 
56,138 
24,599 
7,464 
8,807 
208,103 
Depreciation
At 1 January 2024
- 
39,794 
4,920 
6,477 
5,929 
57,120 
Charge for the year
- 
4,086 
3,935 
246 
721 
8,988 
At 31 December 2024
- 
43,880 
8,855 
6,723 
6,650 
66,108 
Net book value
At 31 December 2024
111,095 
12,258 
15,744 
741 
2,157 
141,995 
At 31 December 2023
- 
16,344 
19,679 
987 
2,678 
39,688 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,456 
4,909 
Accrued income and prepayments
1,208 
1,138 
Other debtors
2,900 
2,900 
9,564 
8,947 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,400 
10,400 
VAT
(3,421)
15,273 
Trade creditors
7,463 
2,330 
Taxes and social security
8,812 
7,192 
Other creditors
1,945 
5,328 
Loans from directors
3,835 
420 
Accruals
4,896 
3,025 
33,930 
43,968 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
3,870 
14,170 
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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