REGISTERED NUMBER: 12943631 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Sourcing International Limited

T/A

Drinks Chef

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L T J Jeffries

E J Macilwraith

J A Szopa

REGISTERED OFFICE:

Unit A1 Bowbridge Works

Chartwell Drive

Wigston

LE18 2FL

REGISTERED NUMBER:

12943631 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Intangible assets

4

36,000

42,000

Tangible assets

5

161,340

172,875

197,340

214,875

CURRENT ASSETS

Stocks

60,000

60,000

Debtors

6

385,860

234,591

Cash at bank

133,581

82,269

579,441

376,860

CREDITORS

Amounts falling due within one year

7

(686,059

)

(412,835

)

NET CURRENT LIABILITIES

(106,618

)

(35,975

)

TOTAL ASSETS LESS CURRENT LIABILITIES

90,722

178,900

CREDITORS

Amounts falling due after more than one year

8

(1,727

)

(17,352

)

PROVISIONS FOR LIABILITIES

(49,115

)

(50,815

)

NET ASSETS

39,880

110,733

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

39,780

110,633

39,880

110,733

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2026 and were signed on its behalf by:

L T J Jeffries - Director

1.	STATUTORY INFORMATION

Sourcing International 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 ten 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

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling

costs in bringing stocks to their present location and condition.

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 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 the 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.

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 11 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2025

and 31 December 2025

60,000

AMORTISATION

At 1 January 2025

18,000

Amortisation for year

6,000

At 31 December 2025

24,000

NET BOOK VALUE

At 31 December 2025

36,000

At 31 December 2024

42,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

390,349

20,503

49,890

16,337

477,079

Additions

82,954

-

-

-

82,954

Disposals

(1,462

)

-

-

-

(1,462

)

At 31 December 2025

471,841

20,503

49,890

16,337

558,571

DEPRECIATION

At 1 January 2025

226,775

14,170

48,284

14,975

304,204

Charge for year

86,315

4,101

1,606

1,102

93,124

Eliminated on disposal

(97

)

-

-

-

(97

)

At 31 December 2025

312,993

18,271

49,890

16,077

397,231

NET BOOK VALUE

At 31 December 2025

158,848

2,232

-

260

161,340

At 31 December 2024

163,574

6,333

1,606

1,362

172,875

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

374,596

193,785

Other debtors

11,264

40,806

385,860

234,591

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts and finance leases

12,282

18,483

Trade creditors

43,851

87,441

Taxation and social security

234,892

177,550

Other creditors

395,034

129,361

686,059

412,835

Other creditors includes accruals and deferred income of £356,432 (2024 - £125,262).

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts and finance leases

1,727

17,352

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Hire purchase contracts and finance leases

14,009

35,835

Hire purchase and finance lease liabilities are secured on the individual assets being so acquired.

10.	OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £33,901 (2023 - £31,055)

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

£

L T J Jeffries

Balance outstanding at start of year

-

-

Amounts advanced

716

20,196

Amounts repaid

(716

)

(20,196

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

E J Macilwraith

Balance outstanding at start of year

-

-

Amounts advanced

3,399

-

Amounts repaid

(3,399

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

J A Szopa

Balance outstanding at start of year

-

-

Amounts advanced

27,538

-

Amounts repaid

(27,538

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

The loan was repayable on demand and interest has been charged at the HMRC Official Rate where applicable.

12.	RELATED PARTY DISCLOSURES

The director, Mr L T J Jeffries has provided a personal guarantee of £59,613 on the Hire Purchase.