REGISTERED NUMBER: 16207442 (England and Wales)

Financial Statements

for the Period

24 January 2025 to 31 December 2025

for

Source Supply Teachers Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

D McLaney

REGISTERED OFFICE:

Dromonby Grange

Busby Lane

Kirkby In Cleveland

Middlesbrough

TS9 7AP

REGISTERED NUMBER:

16207442 (England and Wales)

ACCOUNTANTS:

Parker Cavendish

Chartered Accountants

Suite 301, Stanmore Business

and Innovation Centre

Howard Road

Stanmore

Middlesex

HA7 1FW

FIXED ASSETS

Tangible assets

4

23,694

CURRENT ASSETS

Debtors

5

234,371

Cash at bank and in hand

107,092

341,463

CREDITORS

Amounts falling due within one year

6

(483,844

)

NET CURRENT LIABILITIES

(142,381

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(118,687

)

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

(118,688

)

SHAREHOLDERS' FUNDS

(118,687

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 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 6 October 2026 and were signed by:

D McLaney - Director

1.	STATUTORY INFORMATION

Source Supply Teachers 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 recognised at the fair value of the consideration received or receivable for services provided in the normal course of business and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts and settlement discounts.

Turnover from temporary assigment sales are predominantly recognised on a weekly basis corresponding with the assignment week and fees arising from the placement of permanent staff are recognised on the signing of the employment contract.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

10% on cost

Computer equipment

-

33.33% on cost

Financial instruments

The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances, are recognised at transaction price.

Basic financial liabilities, including trade and other payables, and loans from Directors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the period 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Going concern

The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. The company incurred a net loss during its first year of operations, which is typical for a newly established business during its startup phase. However, the director has reviewed the company's financial position, cash flow forecasts, and anticipated future profits.To ensure the company can meet its liabilities as they fall due, the director has confirmed his intention to provide ongoing financial support to the company for a period of at least 12 months from the date of approval of these financial statements. Consequently, the director believes that it is appropriate to prepare the financial statements on a going concern basis, and the financial statements do not include any adjustments that would result from the basis of preparation being inappropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

Additions

1,615

33,345

34,960

At 31 December 2025

1,615

33,345

34,960

DEPRECIATION

Charge for period

162

11,104

11,266

At 31 December 2025

162

11,104

11,266

NET BOOK VALUE

At 31 December 2025

1,453

22,241

23,694

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

185,385

Other debtors

1,270

Deferred tax asset

40,858

Prepayments and accrued income

6,858

234,371

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Social security and other taxes

44,125

VAT

113,860

Other creditors

3,246

Directors' current accounts

319,910

Accruals and deferred income

2,703

483,844

7.	DEFERRED TAX

£

Tax losses

(45,360

)

Excess capital allowances

4,502

Balance at 31 December 2025

(40,858

)