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REGISTERED NUMBER: 09248607 (England and Wales)













GHL SOURCING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






GHL SOURCING LIMITED (REGISTERED NUMBER: 09248607)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GHL SOURCING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: Mr. H L Johnstone





REGISTERED OFFICE: The Gate Business Centre
Keppoch Street
Cardiff
CF24 3JW





REGISTERED NUMBER: 09248607 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

GHL SOURCING LIMITED (REGISTERED NUMBER: 09248607)

STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,217 5,317
Tangible assets 5 47,730 56,842
51,947 62,159

CURRENT ASSETS
Debtors 6 447,287 177,764
Cash at bank 67,652 38,715
514,939 216,479
CREDITORS
Amounts falling due within one year 7 519,333 219,934
NET CURRENT LIABILITIES (4,394 ) (3,455 )
TOTAL ASSETS LESS CURRENT LIABILITIES 47,553 58,704

CREDITORS
Amounts falling due after more than one
year

8

44,639

57,717
NET ASSETS 2,914 987

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 2,904 977
SHAREHOLDERS' FUNDS 2,914 987

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

GHL SOURCING LIMITED (REGISTERED NUMBER: 09248607)

STATEMENT OF FINANCIAL POSITION - continued
31ST DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6th August 2024 and were signed by:





Mr. H L Johnstone - Director


GHL SOURCING LIMITED (REGISTERED NUMBER: 09248607)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

GHL Sourcing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% straight line on cost
Fixtures and fittings - 25% straight line on cost
Equipment - 25% straight line on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

GHL SOURCING LIMITED (REGISTERED NUMBER: 09248607)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2023
and 31st December 2023 11,000
AMORTISATION
At 1st January 2023 5,683
Amortisation for year 1,100
At 31st December 2023 6,783
NET BOOK VALUE
At 31st December 2023 4,217
At 31st December 2022 5,317

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Equipment Totals
£    £    £    £    £   
COST
At 1st January 2023 21,653 8,961 39,424 17,562 87,600
Additions - 9,381 - - 9,381
At 31st December 2023 21,653 18,342 39,424 17,562 96,981
DEPRECIATION
At 1st January 2023 11,187 6,721 - 12,850 30,758
Charge for year 2,165 4,585 9,856 1,887 18,493
At 31st December 2023 13,352 11,306 9,856 14,737 49,251
NET BOOK VALUE
At 31st December 2023 8,301 7,036 29,568 2,825 47,730
At 31st December 2022 10,466 2,240 39,424 4,712 56,842

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 446,998 133,360
Amounts owed by group undertakings - 38,112
Other debtors 289 6,292
447,287 177,764

GHL SOURCING LIMITED (REGISTERED NUMBER: 09248607)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,928 28,990
Hire purchase contracts 4,827 6,217
Trade creditors 7,111 8,345
Amounts owed to group undertakings 30,000 -
Taxation and social security 51,651 29,943
Other creditors 415,816 146,439
519,333 219,934

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 19,170 29,318
Hire purchase contracts 25,469 28,399
44,639 57,717

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary £1 10 10