REGISTERED NUMBER: 04811611 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

FOR

GLOBAL SINGLE SOURCE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P G Evans

Mrs H M Evans

P Gower

Mrs S Gower

S Westman

Mrs SoW Westman

SECRETARY:

Mrs H M Evans

REGISTERED OFFICE:

1&2 Mercia Village

Torwood Close

Westwood Business Park

Coventry

West Midlands

CV4 8HX

REGISTERED NUMBER:

04811611 (England and Wales)

ACCOUNTANTS:

Armstrongs

Chartered Accountants and Tax Advisers

1 & 2 Mercia Village

Torwood Close

Westwood Business Park

Coventry

West Midlands

CV4 8HX

FIXED ASSETS

Intangible assets

4

10,290

15,435

Tangible assets

5

47,613

79,198

Investments

6

3,000

3,000

60,903

97,633

CURRENT ASSETS

Stocks

215,488

229,648

Debtors

7

657,615

511,086

Cash at bank

87,042

214,566

960,145

955,300

CREDITORS

Amounts falling due within one year

8

626,289

597,447

NET CURRENT ASSETS

333,856

357,853

TOTAL ASSETS LESS CURRENT LIABILITIES

394,759

455,486

CREDITORS

Amounts falling due after more than one year

9

(2,856

)

(13,514

)

PROVISIONS FOR LIABILITIES

10

-

(1,251

)

NET ASSETS

391,903

440,721

CAPITAL AND RESERVES

Called up share capital

223

223

Retained earnings

391,680

440,498

SHAREHOLDERS' FUNDS

391,903

440,721

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 May 2026 and were signed on its behalf by:

P G Evans - Director

1.	STATUTORY INFORMATION

Global Single Source 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.

Computer software is being amortised evenly over its 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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 15 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 August 2024

and 31 July 2025

25,725

AMORTISATION

At 1 August 2024

10,290

Amortisation for year

5,145

At 31 July 2025

15,435

NET BOOK VALUE

At 31 July 2025

10,290

At 31 July 2024

15,435

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 August 2024

68,050

37,262

128,684

1,444

235,440

Disposals

-

-

(33,524

)

-

(33,524

)

At 31 July 2025

68,050

37,262

95,160

1,444

201,916

DEPRECIATION

At 1 August 2024

65,129

36,274

53,570

1,269

156,242

Charge for year

730

639

15,023

169

16,561

Eliminated on disposal

-

-

(18,500

)

-

(18,500

)

At 31 July 2025

65,859

36,913

50,093

1,438

154,303

NET BOOK VALUE

At 31 July 2025

2,191

349

45,067

6

47,613

At 31 July 2024

2,921

988

75,114

175

79,198

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 August 2024

and 31 July 2025

3,000

NET BOOK VALUE

At 31 July 2025

3,000

At 31 July 2024

3,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

598,831

511,086

Other debtors

58,784

-

657,615

511,086

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,198

9,706

Trade creditors

464,686

445,130

Taxation and social security

135,749

127,206

Other creditors

15,656

15,405

626,289

597,447

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

2,856

13,514

10.	PROVISIONS FOR LIABILITIES

2024

£

Deferred tax

1,251

Deferred

tax

£

Balance at 1 August 2024

1,251

Provided during year

(3,611

)

Balance at 31 July 2025

(2,360

)