SELECT VEHICLE SOURCING LTD


Director	ROBERTO, Domenico Savio


Registered Address	32 Waddle Road
	Micklefield
	Leeds
	LS25 4EP


Registered Number	13158041 (England and Wales)

Balance Sheet as at
31 December 2025

	Notes	2025		2024
		£	£	£	£
Current assets
Stocks	4	24,277		25,000
Debtors		28,149		-
Cash at bank and on hand		17,761		24,346
		70,187		49,346
Creditors amounts falling due within one year	5	(50,386)		(22,686)
Net current assets (liabilities)			19,801		26,660
Total assets less current liabilities			19,801		26,660
Net assets			19,801		26,660
Capital and reserves
Profit and loss account			19,801		26,660
Shareholders' funds			19,801		26,660

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 21 September 2026, and are signed on its behalf by:

ROBERTO, Domenico Savio
Director
Registered Company No. 13158041

SELECT VEHICLE SOURCING LTD

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Prior period adjustment
	During the year, the directors identified that closing stock held at 31 December 2024 had not been recognised in the financial statements and that a dividend transaction had been incorrectly presented. Accordingly, the comparative figures have been restated to recognise closing stock of £25,000 at 31 December 2024 with a corresponding adjustment to the director's loan account. In addition, dividends previously recorded of £25,000 have been reclassified through the director's loan account. The adjustment has no impact on the company's net assets, retained earnings, profit for the year, or corporation tax liability. The restatement affects only the presentation and classification of balances within the statement of financial position.

Prior period adjustment

During the year, the directors identified that closing stock held at 31 December 2024 had not been
recognised in the financial statements and that a dividend transaction had been incorrectly presented.

Accordingly, the comparative figures have been restated to recognise closing stock of £25,000 at 31
December 2024 with a corresponding adjustment to the director's loan account. In addition, dividends
previously recorded of £25,000 have been reclassified through the director's loan account.

The adjustment has no impact on the company's net assets, retained earnings, profit for the year, or
corporation tax liability. The restatement affects only the presentation and classification of balances
within the statement of financial position.

4.	Stocks

	2025	2024
	£	£
Other stocks	24,277	25,000
Total	24,277	25,000

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	10,895	217
Taxation and social security	19,181	20,695
Other creditors	20,310	274
Accrued liabilities and deferred income	-	1,500
Total	50,386	22,686