Registration number: 07717479

JW Sourcing Limited

(Registration number: 07717479)
Statement of Financial Position as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	303	452
Current assets
Debtors	5	34,630	25,888
Cash at bank and in hand		16,207	14,037
		50,837	39,925
Creditors: Amounts falling due within one year	6	(49,353)	(38,930)
Net current assets		1,484	995
Total assets less current liabilities		1,787	1,447
Provisions for liabilities		-	(113)
Net assets		1,787	1,334
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		787	334
Shareholders' funds		1,787	1,334

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 14 November 2025
 

......................................... D J Williams Director

JW Sourcing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY, United Kingdom.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

JW Sourcing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fittings, fixtures and equipment	33% reducing balance

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 1).

JW Sourcing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

4	Tangible assets

	Fixtures and fittings £	Total £
Cost or valuation
At 1 August 2024	2,546	2,546
At 31 July 2025	2,546	2,546
Depreciation
At 1 August 2024	2,094	2,094
Charge for the year	149	149
At 31 July 2025	2,243	2,243
Carrying amount
At 31 July 2025	303	303
At 31 July 2024	452	452

5

Debtors

	2025 £	2024 £
Trade debtors	31,532	22,800
Prepayments	297	322
Other debtors	2,801	2,766
	34,630	25,888

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Trade creditors	395	-
Taxation and social security	42,681	33,330
Accruals and deferred income	5,800	5,600
Other creditors	477	-
	49,353	38,930

JW Sourcing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

7	Related party transactions

During the year, the following amounts had been advanced to the director. Interest is charged as applicable at the HMRC beneficial loan interest rate prevailing during the year, and the loan is repayble on demand.

Transactions with the director

2025	At 1 August 2024 £	Advances to director £	Repayments by director £	At 31 July 2025 £
D J Williams
Loans to director	2,766	3,035	(3,000)	2,801
	-	-	-	-
	2,766	3,035	(3,000)	2,801

2024	At 1 August 2023 £	Advances to director £	Repayments by director £	At 31 July 2024 £
D J Williams
Loans to director	12,846	2,920	(13,000)	2,766
	-	-	-	-
	12,846	2,920	(13,000)	2,766