REGISTERED NUMBER: 04386579 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

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

87,830

54,377

Tangible assets

5

1,040,876

977,114

1,128,706

1,031,491

CURRENT ASSETS

Stocks

865,952

457,198

Debtors

2,435,732

1,613,296

Cash at bank

911,827

1,106,121

4,213,511

3,176,615

CREDITORS

Amounts falling due within one year

2,971,020

2,151,982

NET CURRENT ASSETS

1,242,491

1,024,633

TOTAL ASSETS LESS CURRENT LIABILITIES

2,371,197

2,056,124

CREDITORS

Amounts falling due after more than one year

6

714,942

700,375

NET ASSETS

1,656,255

1,355,749

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,656,155

1,355,649

SHAREHOLDERS' FUNDS

1,656,255

1,355,749

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 2025 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 31 July 2026 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 6 years, Between 3 and 20 years and Between 3 and 5 years

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, 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 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.

Finance leases

The Company recognises a right-of-use asset and a lease liability at the commencement date. The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle and remove the underlying asset or to restore the underlying asset or the site on which it is located less any lease incentives received.

The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the earlier of the end of the useful life of the right-of-use or the end of the lease term. The estimated useful lives of right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain re-measurements of the lease liability.

The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Company's incremental borrowing rate. Generally, the Company uses its incremental borrowing rates as the discount rate.

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 46 (2024 - 36 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2025

54,377

Additions

33,453

At 31 December 2025

87,830

NET BOOK VALUE

At 31 December 2025

87,830

At 31 December 2024

54,377

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2025

1,467,406

Additions

244,866

Disposals

(51,718

)

At 31 December 2025

1,660,554

DEPRECIATION

At 1 January 2025

490,292

Charge for year

181,104

Eliminated on disposal

(51,718

)

At 31 December 2025

619,678

NET BOOK VALUE

At 31 December 2025

1,040,876

At 31 December 2024

977,114

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

Totals

£

COST

At 1 January 2025

867,717

Additions

139,144

Disposals

(12,953

)

At 31 December 2025

993,908

DEPRECIATION

At 1 January 2025

159,519

Charge for year

114,819

Eliminated on disposal

(12,953

)

At 31 December 2025

261,385

NET BOOK VALUE

At 31 December 2025

732,523

At 31 December 2024

708,198

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.12.25

31.12.24

£

£

Repayable by instalments

Finance leases

-

433,566

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.