REGISTERED NUMBER: 09248607 (England and Wales)

GHL SOURCING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr. H L Johnstone

REGISTERED OFFICE:

The Gate Business Centre

Keppoch Street

Cardiff

CF24 3JW

REGISTERED NUMBER:

09248607 (England and Wales)

ACCOUNTANTS:

Carston ETL

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

FIXED ASSETS

Intangible assets

4

2,017

3,117

Tangible assets

5

16,630

32,182

18,647

35,299

CURRENT ASSETS

Debtors

6

550,870

676,543

Cash at bank

50,102

36,161

600,972

712,704

CREDITORS

Amounts falling due within one year

7

557,756

658,040

NET CURRENT ASSETS

43,216

54,664

TOTAL ASSETS LESS CURRENT LIABILITIES

61,863

89,963

CREDITORS

Amounts falling due after more than one year

8

-

29,032

NET ASSETS

61,863

60,931

CAPITAL AND RESERVES

Called up share capital

9

10

10

Retained earnings

61,853

60,921

SHAREHOLDERS' FUNDS

61,863

60,931

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

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

The director acknowledges his 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 director and authorised for issue on 21st September 2026 and were signed by:

Mr. H L Johnstone - Director

1.	STATUTORY INFORMATION

GHL Sourcing 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.

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

-

10% straight line on cost

Fixtures and fittings

-

25% straight line on cost

Motor vehicles

-

25% straight line on cost

Equipment

-

25% straight line on cost

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 statement of financial position date.

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 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2025

and 31st December 2025

11,000

AMORTISATION

At 1st January 2025

7,883

Amortisation for year

1,100

At 31st December 2025

8,983

NET BOOK VALUE

At 31st December 2025

2,017

At 31st December 2024

3,117

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Equipment

Totals

£

£

£

£

£

COST

At 1st January 2025

and 31st December 2025

21,653

19,258

39,424

17,562

97,897

DEPRECIATION

At 1st January 2025

15,517

13,881

19,712

16,605

65,715

Charge for year

2,165

2,574

9,856

957

15,552

At 31st December 2025

17,682

16,455

29,568

17,562

81,267

NET BOOK VALUE

At 31st December 2025

3,971

2,803

9,856

-

16,630

At 31st December 2024

6,136

5,377

19,712

957

32,182

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

541,253

658,227

Amounts owed by group undertakings

-

16,630

Amounts owed by associates

7,365

1,386

Other debtors

2,252

300

550,870

676,543

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

8,776

10,288

Hire purchase contracts

20,073

5,214

Trade creditors

13,335

16,391

Amounts owed to group undertakings

28,051

-

Taxation and social security

59,102

94,522

Other creditors

428,419

531,625

557,756

658,040

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

8,777

Hire purchase contracts

-

20,255

-

29,032

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

10

Ordinary

£1

10

10