Company Registration No. 13934902 (England and Wales)
Source Solutions London Ltd
Unaudited accounts
for the year ended 28 February 2025
Source Solutions London Ltd
Unaudited accounts
Contents
Source Solutions London Ltd
Company Information
for the year ended 28 February 2025
Director
Roger Michael Watson
Company Number
13934902 (England and Wales)
Registered Office
36 Surrey Road
Swindon
Wiltshire
SN2 1LX
England
Accountants
365 Accounts Ltd
44 Brookwood Road
Southampton
Hampshire
SO16 9AJ
Source Solutions London Ltd
Statement of financial position
as at 28 February 2025
Cash at bank and in hand
1,023
10
Creditors: amounts falling due within one year
(8,371)
(10,627)
Net current assets
4,845
4,408
Called up share capital
1
1
Profit and loss account
5,350
5,082
Shareholders' funds
5,351
5,083
For the year ending 28 February 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 17 November 2025 and were signed on its behalf by
Roger Michael Watson
Director
Company Registration No. 13934902
Source Solutions London Ltd
Notes to the Accounts
for the year ended 28 February 2025
Source Solutions London Ltd is a private company, limited by shares, registered in England and Wales, registration number 13934902. The registered office is 36 Surrey Road, Swindon, Wiltshire, SN2 1LX, England.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
25% Reducing Balance Method
4
Tangible fixed assets
Plant & machinery
Source Solutions London Ltd
Notes to the Accounts
for the year ended 28 February 2025
Amounts falling due within one year
Other debtors
12,193
15,025
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
6,803
9,895
During the year the company maintained a loan account with its director Mr. Roger Michael Watson. As at the year end date the company owed its director Mr. Roger Michael Watson £3 (2024 - £2).
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).