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COMPANY REGISTRATION NUMBER: 11907674

Specialist Sourcing Limited

Filleted Unaudited Financial Statements

31 March 2025

Specialist Sourcing Limited

Financial Statements

Year ended 31 March 2025

Contents | Pages

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements | 1

Balance sheet | 2

Notes to the financial statements | 3 to 6

Specialist Sourcing Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Specialist Sourcing Limited

Year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Specialist Sourcing Limited for the year ended 31 March 2025, which comprise the balance sheet and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Specialist Sourcing Limited, as a body, in accordance with the terms of our engagement letter dated 26 August 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Specialist Sourcing Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Specialist Sourcing Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Specialist Sourcing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Specialist Sourcing Limited. You consider that Specialist Sourcing Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Specialist Sourcing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
MILLER DAVIES LLP Chartered Accountants
A3 Broomsleigh Business Park Worsley Bridge Road London SE26 5BN
8 December 2025

Specialist Sourcing Limited

Balance Sheet

31 March 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Tangible assets | 5 | 312 | 624

Current assets

Debtors | 6 | 6,000 | 618
Cash at bank and in hand | 47,661 | 45,640
| -------- | --------
| 53,661 | 46,258

Creditors: amounts falling due within one year | 7 | 14,170 | 5,696
| -------- | --------
Net current assets | 39,491 | 40,562
| -------- | --------
Total assets less current liabilities | 39,803 | 41,186
| -------- | --------
Net assets | 39,803 | 41,186
| -------- | --------

Capital and reserves

Called up share capital | 200 | 200
Profit and loss account | 39,603 | 40,986
| -------- | --------
Shareholders funds | 39,803 | 41,186
| -------- | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 .
These financial statements were approved by the board of directors and authorised for issue on 8 December 2025 , and are signed on behalf of the board by:

Mr G Gordon | Mrs J Gordon
Director | Director

Company registration number: 11907674

Specialist Sourcing Limited

Notes to the Financial Statements

Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Jasmine Cottage, Furnace Farm Road, Felbridge, East Grinstead, RH19 2PU, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
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.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:

| Equipment | - | 25% straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Tangible assets

| Equipment
| £
Cost |
At 1 April 2024 and 31 March 2025 | 2,754
| -------
Depreciation |
At 1 April 2024 | 2,130
Charge for the year | 312
| -------
At 31 March 2025 | 2,442
| -------
Carrying amount |
At 31 March 2025 | 312
| -------
At 31 March 2024 | 624
| -------

6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 6,000 | –
Other debtors | – | 618
| ------- | ----
| 6,000 | 618
| ------- | ----

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 14 | 14
Corporation tax | 9,835 | 4,072
Social security and other taxes | 2,599 | –
Other creditors | 1,722 | 1,610
| -------- | -------
| 14,170 | 5,696
| -------- | -------

8. Financial instruments
The carrying amount for each category of financial instrument is as follows:

| 2025 | 2024
| £ | £

Financial assets measured at fair value through profit or loss

Financial assets measured at fair value through profit or loss | 53,661 | 45,640
| -------- | --------

Financial liabilities measured at fair value through profit or loss

Financial liabilities measured at fair value through profit or loss | 1,936 | 1,824
| ------- | -------

9. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:

| 2025
|  | Balance brought forward | Advances/ (credits) to the directors | Balance outstanding
|  | £ | £ | £
| Mr G Gordon | ( 25) | ( 6) | ( 31)
| Mrs J Gordon | ( 25) | ( 6) | ( 31)
|  | ---- | ---- | ----
|  | ( 50) | ( 12) | ( 62)
|  | ---- | ---- | ----

| 2024
|  | Balance brought forward | Advances/ (credits) to the directors | Balance outstanding
|  | £ | £ | £
| Mr G Gordon | ( 17) | ( 8) | ( 25)
| Mrs J Gordon | ( 15) | ( 10) | ( 25)
|  | ---- | ---- | ----
|  | ( 32) | ( 18) | ( 50)
|  | ---- | ---- | ----