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Company Registration No. 09506185 (England and Wales)
Sourc'D Group Ltd Unaudited accounts for the year ended 31 March 2025
Sourc'D Group Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Sourc'D Group Ltd Company Information for the year ended 31 March 2025
Director
Toby Scott Richards
Company Number
09506185 (England and Wales)
Registered Office
Unit 10, Block G Penmaen Industrial Estate Pontllanfraith NP12 2DQ
Accountants
R H Jeffs & Rowe Ltd 27-28 Gelliwastad Road Pontypridd CF37 2BW
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Sourc'D Group Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
-
1
Investments
5
186,750
186,750
186,750
186,751
Current assets
Debtors
6
9,033
77,623
Cash at bank and in hand
65
-
9,098
77,623
Creditors: amounts falling due within one year
7
(4,894)
(75,300)
Net current assets
4,204
2,323
Total assets less current liabilities
190,954
189,074
Creditors: amounts falling due after more than one year
8
(189,000)
(189,000)
Net assets
1,954
74
Capital and reserves
Called up share capital
2,000
2,000
Profit and loss account
(46)
(1,926)
Shareholders' funds
1,954
74
For the year ending 31 March 2025 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 6 November 2025 and were signed on its behalf by
Toby Scott Richards Director Company Registration No. 09506185
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Sourc'D Group Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Sourc'D Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 09506185. The registered office is Unit 10, , Block G Penmaen Industrial Estate, Pontllanfraith, NP12 2DQ.
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:
Fixtures & fittings
25% reducing balance
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.
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 April 2024
1,257
At 31 March 2025
1,257
Depreciation
At 1 April 2024
1,256
Charge for the year
1
At 31 March 2025
1,257
Net book value
At 31 March 2025
-
At 31 March 2024
1
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Sourc'D Group Ltd Notes to the Accounts for the year ended 31 March 2025
5
Investments
Other investments
£
Valuation at 1 April 2024
186,750
Valuation at 31 March 2025
186,750
The company owns the whole of the issued ordinary share capital of Eurosource Ltd, a company registered in England & Wales, number 01842950.
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Amounts due from group undertakings etc.
8,033
76,623
Other debtors
1,000
1,000
9,033
77,623
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
-
7
Amounts owed to group undertakings and other participating interests
-
68,428
Loans from directors
1,594
1,594
Accruals
3,300
5,271
4,894
75,300
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
189,000
189,000
Other creditors comprise loans advanced by Mr. N Carter a Shareholder of the company.
9
Average number of employees
During the year the average number of employees was 0 (2024: 1).
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