REGISTERED NUMBER: 04386579 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

HIGH TECHNOLOGY SOURCES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W4S Directors Limited

B D Read

SECRETARY:

Cossey Cosec Services Limited

REGISTERED OFFICE:

4th Floor

24 Old Bond Street

London

W1S 4AW

REGISTERED NUMBER:

04386579 (England and Wales)

AUDITORS:

Pembroke Briggs Chartered Accountants

Beacon House

South Road

Weybridge

Surrey

KT13 9DZ

FIXED ASSETS

Intangible assets

4

54,377

11,507

Tangible assets

5

977,114

981,016

1,031,491

992,523

CURRENT ASSETS

Stocks

457,198

516,046

Debtors

1,613,296

1,223,197

Cash at bank

1,106,121

469,143

3,176,615

2,208,386

CREDITORS

Amounts falling due within one year

2,151,982

1,657,792

NET CURRENT ASSETS

1,024,633

550,594

TOTAL ASSETS LESS CURRENT LIABILITIES

2,056,124

1,543,117

CREDITORS

Amounts falling due after more than one year

6

700,375

713,201

NET ASSETS

1,355,749

829,916

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,355,649

829,816

SHAREHOLDERS' FUNDS

1,355,749

829,916

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2025 and were signed on its behalf by:

B D Read - Director

1.	STATUTORY INFORMATION

High Technology Sources 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.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

25 years or the period of the lease

Plant and machinery etc

-

Between 3 and 10 years, Between 3 and 20 years and Between 3 and 5 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 36 (2023 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

11,507

Additions

42,870

At 31 December 2024

54,377

NET BOOK VALUE

At 31 December 2024

54,377

At 31 December 2023

11,507

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

1,334,100

Additions

136,976

Disposals

(3,670

)

At 31 December 2024

1,467,406

DEPRECIATION

At 1 January 2024

353,084

Charge for year

137,208

At 31 December 2024

490,292

NET BOOK VALUE

At 31 December 2024

977,114

At 31 December 2023

981,016

Fixed assets, included in the above, which are held under finance leases are as follows:

Totals

£

COST

At 1 January 2024

832,838

Additions

38,549

Disposals

(3,670

)

At 31 December 2024

867,717

DEPRECIATION

At 1 January 2024

71,910

Charge for year

87,609

At 31 December 2024

159,519

NET BOOK VALUE

At 31 December 2024

708,198

At 31 December 2023

760,928

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.12.24

31.12.23

£

£

Repayable by instalments

Finance leases

433,566

491,752

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

S Briggs (Senior Statutory Auditor)

for and on behalf of Pembroke Briggs Chartered Accountants

8.	ULTIMATE CONTROLLING PARTY

The Company's immediate parent company is HTSL Group Limited.

In the Directors' opinion there is no one controlling party.