Company Registration No. 12095784 (England and Wales)
SOURCE REFURB LTD
Unaudited accounts
for the year ended 31 March 2025
SOURCE REFURB LTD
Unaudited accounts
Contents
SOURCE REFURB LTD
Company Information
for the year ended 31 March 2025
Directors
Diane Kemp
KEMP, Peter Richard
Company Number
12095784 (England and Wales)
Registered Office
22 Runswick Avenue
Whitby
North Yorkshire
YO21 3UB
England
Accountants
Cranleys Chartered Accountants
Winton House
Winton Square
Basingstoke
Hampshire
RG21 8EN
SOURCE REFURB LTD
Statement of financial position
as at 31 March 2025
Tangible assets
6,454
8,605
Cash at bank and in hand
13
3
Creditors: amounts falling due within one year
(57,292)
(51,581)
Net current liabilities
(57,277)
(50,576)
Net liabilities
(50,823)
(41,971)
Called up share capital
2
2
Profit and loss account
(50,825)
(41,973)
Shareholders' funds
(50,823)
(41,971)
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 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 12 December 2025 and were signed on its behalf by
Diane Kemp
Director
Company Registration No. 12095784
SOURCE REFURB LTD
Notes to the Accounts
for the year ended 31 March 2025
SOURCE REFURB LTD is a private company, limited by shares, registered in England and Wales, registration number 12095784. The registered office is 22 Runswick Avenue, Whitby, North Yorkshire, YO21 3UB, 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.
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% straight line
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
SOURCE REFURB LTD
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
5,419
6,099
Loans from directors
50,200
44,000
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).