SourceCo Recruitment Limited 30/09/2020 iXBRL
SourceCo Recruitment Limited 30/09/2020 iXBRL
Unaudited filleted financial statements
Company registration number:
11586382
(England and Wales)
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Statement of financial position
30 September 2020
2020 | 2019 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Debtors | 6 |
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Cash at bank and in hand |
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_______ | _______ | ||||||||
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Creditors: amounts falling due | |||||||||
within one year | 7 |
(
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(
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_______ | _______ | ||||||||
Net current assets |
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_______ | _______ | ||||||||
Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 8 |
(
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- | ||||||
Provisions for liabilities | 9 |
(
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(
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_______ | _______ | ||||||||
Net assets |
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_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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_______ | _______ | ||||||||
Shareholders funds |
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_______ | _______ | ||||||||
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
20 November 2020
, and are signed on behalf of the board by:
Director
Company registration number:
11586382
Statement of changes in equity
Year ended 30 September 2020
Called up share capital | Profit and loss account | Total | |||
£ | £ | £ | |||
At 1 October 2018 | - | - | - | ||
Profit for the year |
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_______ | _______ | _______ | |||
Total comprehensive income for the year | - |
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Issue of shares |
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Dividends paid and payable |
(
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(
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_______ | _______ | _______ | |||
Total investments by and distributions to owners |
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(
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(
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_______ | _______ | _______ | |||
At 30 September 2019 and 1 October 2019 |
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Profit for the year |
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_______ | _______ | _______ | |||
Total comprehensive income for the year | - |
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Dividends paid and payable |
(
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(
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_______ | _______ | _______ | |||
Total investments by and distributions to owners | - |
(
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(
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_______ | _______ | _______ | |||
At 30 September 2020 |
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_______ | _______ | _______ | |||
Notes to the financial statements
Year ended 30 September 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Alacrity House, Saxon Business Park, Hanbury Road, Stoke Prior, Worcestershire, B60 4AD.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment | - |
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Impairment
Government grants
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
8
(2019:
4
).
5.
Tangible assets
Computer equipment | Total | ||
£ | £ | ||
Cost | |||
At 1 October 2019 |
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|
Additions | 6,265 | 6,265 | |
_______ | _______ | ||
At 30 September 2020 |
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_______ | _______ | ||
Depreciation | |||
At 1 October 2019 |
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Charge for the year |
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_______ | _______ | ||
At 30 September 2020 |
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_______ | _______ | ||
Carrying amount | |||
At 30 September 2020 |
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_______ | _______ | ||
At 30 September 2019 |
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_______ | _______ | ||
6.
Debtors
2020 | 2019 | |||
£ | £ | |||
Trade debtors |
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Called up share capital not paid |
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Prepayments and accrued income |
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_______ | _______ | |||
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_______ | _______ | |||
7.
Creditors: amounts falling due within one year
2020 | 2019 | |||
£ | £ | |||
Factoring accounts |
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Trade creditors |
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Accruals and deferred income |
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Corporation tax |
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Social security and other taxes |
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Dividends payable |
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Other creditors |
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_______ | _______ | |||
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_______ | _______ | |||
8.
Creditors: amounts falling due after more than one year
2020 | 2019 | |||
£ | £ | |||
Bank loans and overdrafts |
|
- | ||
_______ | _______ | |||
9.
Provisions
Deferred tax (note 10) | Total | ||
£ | £ | ||
At 1 October 2019 |
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Charges against provisions |
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_______ | _______ | ||
At 30 September 2020 |
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_______ | _______ | ||
10.
Deferred tax
The deferred tax included in the statement of financial position is as follows:
2020 | 2019 | |||
£ | £ | |||
Included in provisions (note 9) |
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_______ | _______ | |||
The deferred tax account consists of the tax effect of timing differences in respect of:
2020 | 2019 | |||
£ | £ | |||
Accelerated capital allowances |
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_______ | _______ | |||
11.
Controlling party
The company is controlled by the
directors
.