CORPORATE SOURCE LTD

CORPORATE SOURCE LTD

CORPORATE SOURCE LTD - Company Information

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CORPORATE SOURCE LTD

Company Registration Number:
09673439 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2019

Period of accounts

Start date: 01 January 2019

End date: 31 December 2019

CORPORATE SOURCE LTD

Contents of the Financial Statements

for the Period Ended 31 December 2019

Balance sheet
Notes

CORPORATE SOURCE LTD

Balance sheet

As at 31 December 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 3 3,453 2,166
Total fixed assets: 3,453 2,166
Current assets
Debtors:   5,792 5,792
Cash at bank and in hand: 5,993 12,450
Total current assets: 11,785 18,242
Creditors: amounts falling due within one year:   (54,548) (45,803)
Net current assets (liabilities): (42,763) (27,561)
Total assets less current liabilities: (39,310) (25,395)
Provision for liabilities: (690) (411)
Total net assets (liabilities): (40,000) (25,806)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (40,001) (25,807)
Shareholders funds: (40,000) (25,806)

The notes form part of these financial statements

CORPORATE SOURCE LTD

Balance sheet statements

For the year ending 31 December 2019 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 30 December 2020
and signed on behalf of the board by:

Name: A. Perry
Status: Director

The notes form part of these financial statements

CORPORATE SOURCE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

CORPORATE SOURCE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2019

2. Employees

2019 2018
Average number of employees during the period 2 3

CORPORATE SOURCE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2019

3. Tangible Assets

Total
Cost £
At 01 January 2019 5,134
Additions 2,438
At 31 December 2019 7,572
Depreciation
At 01 January 2019 2,968
Charge for year 1,151
At 31 December 2019 4,119
Net book value
At 31 December 2019 3,453
At 31 December 2018 2,166