Abbreviated Company Accounts - SORCE LIMITED

Abbreviated Company Accounts - SORCE LIMITED

SORCE LIMITED - Company Information

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Registered Number 04324447

SORCE LIMITED

Abbreviated Accounts

30 November 2014

SORCE LIMITED Registered Number 04324447

Abbreviated Balance Sheet as at 30 November 2014

Notes 2014 2013
£ £
Current assets
Debtors 413,164 276,720
Cash at bank and in hand 261,259 317,750
674,423 594,470
Creditors: amounts falling due within one year (349,416) (350,213)
Net current assets (liabilities) 325,007 244,257
Total assets less current liabilities 325,007 244,257
Creditors: amounts falling due after more than one year (95,020) (55,000)
Total net assets (liabilities) 229,987 189,257
Capital and reserves
Called up share capital 200 200
Profit and loss account 229,787 189,057
Shareholders' funds 229,987 189,257
  • For the year ending 30 November 2014 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.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 26 June 2015

And signed on their behalf by:
John Nicklin, Director

SORCE LIMITED Registered Number 04324447

Notes to the Abbreviated Accounts for the period ended 30 November 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company, net of Vat Added Tax and trade discounts.

Other accounting policies
Research and Development expenditure is charged to the profit and loss account in the period in which it is incurred.