AT SOURCE QX LIMITED


Director	R C S Potter


Company Secretary	R C S Potter


Registered Address	18 Eve Street
	Louth
	Lincolnshire
	LN11 0JJ


Registered Number	03865820 (England and Wales)

Statement of Financial Position
30 April 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		8,911		490
			8,911		490
Current assets
Stocks		168,690		201,351
Debtors		269,973		157,088
Cash at bank and on hand		67,145		136,622
		505,808		495,061
Creditors amounts falling due within one year		(190,480)		(205,389)
Net current assets (liabilities)			315,328		289,672
Total assets less current liabilities			324,239		290,162
Creditors amounts falling due after one year			(24,081)		(29,614)
Net assets			300,158		260,548
Capital and reserves
Profit and loss account			300,158		260,548
Shareholders' funds			300,158		260,548

The company was entitled to exemption from audit for this reporting period 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 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 8 December 2025, and are signed on its behalf by:

R C S Potter
Director
Registered Company No. 03865820

AT SOURCE QX LIMITED

Notes to the Financial Statements
for the year ended 30 April 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	25
	Fixtures and fittings	25
	Office Equipment	33

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	14		9

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 May 24	8,973
	Additions	11,050
	At 30 April 25	20,024
	Depreciation and impairment
	At 01 May 24	8,484
	Charge for year	2,628
	At 30 April 25	11,113
	Net book value
	At 30 April 25	8,911
	At 30 April 24	490