Fontaine Sourcing Ltd - Filleted accounts

Registered number

15373432

Fontaine Sourcing Ltd

Filleted Accounts

31 December 2024

Fontaine Sourcing Ltd
Registered number:		15373432
Balance Sheet
as at 31 December 2024

Notes			2024
£
Fixed assets
Tangible assets	3		1,283

Current assets
Debtors	4	348,800
Cash at bank and in hand		26,919
		375,719

Creditors: amounts falling due within one year	5	(212,954)

Net current assets			162,765

Net assets			164,048

Capital and reserves
Called up share capital			100
Profit and loss account			163,948

Shareholders' funds			164,048

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




SGW Fontaine
Director
Approved by the board on 17 December 2025

Fontaine Sourcing Ltd
Notes to the Accounts
for the period from 28 December 2023 to 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 3 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees		2024
Number

	Average number of persons employed by the company		2


3	Tangible fixed assets
				Plant and machinery etc
£
	Cost
	Additions			1,750
	At 31 December 2024			1,750

	Depreciation
	Charge for the period			467
	At 31 December 2024			467

	Net book value
	At 31 December 2024			1,283


4	Debtors		2024
£

	Trade debtors		2,400
	Other debtors		346,400
			348,800


5	Creditors: amounts falling due within one year		2024
£

	Bank loans and overdrafts		299
	Trade creditors		7,715
	Taxation and social security costs		131,515
	Other creditors		73,425
			212,954


6	Other information

	Fontaine Sourcing Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	C/O Vantage Accounting 1 Cedar Office Park
	Cobham Road
	Wimborne
	United Kingdom
	BH21 7SB