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Company Registration No. 11798783 (England and Wales)
Gulf Source Ltd Unaudited accounts for the year ended 31 January 2026
Gulf Source Ltd Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Gulf Source Ltd Company Information for the year ended 31 January 2026
Director
Asem Abdulaziz Alghamdi
Company Number
11798783 (England and Wales)
Registered Office
APARTMENT 2001 20 BROCK STREET LONDON NW1 3DS UNITED KINGDOM
Accountants
Yahya & Co Accountants Ltd T/A Yahya Accountancy 164 West Hendon Broadway London NW9 7AA
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Gulf Source Ltd for the year ended 31 January 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Gulf Source Ltd for the year ended 31 January 2026 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Gulf Source Ltd, as a body, in accordance with the terms of our engagement letter dated 5 February 2019. Our work has been undertaken solely to prepare for your approval the accounts of Gulf Source Ltd and state those matters that we have agreed to state to the Board of Directors of Gulf Source Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gulf Source Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Gulf Source Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Gulf Source Ltd. You consider that Gulf Source Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Gulf Source Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Yahya & Co Accountants Ltd Chartered Certified Accountants T/A Yahya Accountancy 164 West Hendon Broadway London NW9 7AA 12 November 2025
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Gulf Source Ltd Statement of financial position as at 31 January 2026
2026 
2025 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
73,070 
5,619 
Current assets
Debtors
5
22,040 
3,604 
Cash at bank and in hand
1,853 
2,305 
23,893 
5,909 
Creditors: amounts falling due within one year
6
(25,943)
(6,136)
Net current liabilities
(2,050)
(227)
Net assets
71,020 
5,392 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
70,920 
5,292 
Shareholders' funds
71,020 
5,392 
For the year ending 31 January 2026 the company was entitled to exemption from audit 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 November 2025 and were signed on its behalf by
Asem Abdulaziz Alghamdi Director Company Registration No. 11798783
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Gulf Source Ltd Notes to the Accounts for the year ended 31 January 2026
1
Statutory information
Gulf Source Ltd is a private company, limited by shares, registered in England and Wales, registration number 11798783. The registered office is APARTMENT 2001, 20 BROCK STREET, LONDON, NW1 3DS, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% on reducing balance method
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2025
- 
1,253 
8,695 
9,948 
Additions
72,840 
6,987 
3,663 
83,490 
At 31 January 2026
72,840 
8,240 
12,358 
93,438 
Depreciation
At 1 February 2025
- 
410 
3,919 
4,329 
Charge for the year
13,111 
1,409 
1,519 
16,039 
At 31 January 2026
13,111 
1,819 
5,438 
20,368 
Net book value
At 31 January 2026
59,729 
6,421 
6,920 
73,070 
At 31 January 2025
- 
843 
4,776 
5,619 
5
Debtors
2026 
2025 
£ 
£ 
Amounts falling due within one year
Trade debtors
22,040 
3,604 
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Gulf Source Ltd Notes to the Accounts for the year ended 31 January 2026
6
Creditors: amounts falling due within one year
2026 
2025 
£ 
£ 
VAT
4,295 
6,136 
Trade creditors
21,648 
- 
25,943 
6,136 
As on the balance sheet date, the company owed it's director Mr. Asem Abdulaziz Alghamdi an amount of £32,000 as director's unsecured long term loan.
8
Average number of employees
During the year the average number of employees was 2 (2025: 2).
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