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COMPANY REGISTRATION NUMBER: 03453036
SELECTANY LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
29 October 2022
SELECTANY LIMITED
FINANCIAL STATEMENTS
PERIOD FROM 31 OCTOBER 2021 TO 29 OCTOBER 2022
CONTENTS
PAGES
Statement of financial position
1 to 2
Notes to the financial statements
3 to 5
SELECTANY LIMITED
STATEMENT OF FINANCIAL POSITION
29 October 2022
29 Oct 22
30 Oct 21
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
462
544
CURRENT ASSETS
Stocks
1,482,715
58,135
Debtors
6
148,409
198,195
Cash at bank and in hand
11,096
7,760
------------
---------
1,642,220
264,090
CREDITORS: amounts falling due within one year
7
( 820,314)
( 362,085)
------------
---------
NET CURRENT ASSETS/(LIABILITIES)
821,906
( 97,995)
---------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
822,368
( 97,451)
CREDITORS: amounts falling due after more than one year
8
( 1,079,040)
( 40,000)
------------
---------
NET LIABILITIES
( 256,672)
( 137,451)
------------
---------
CAPITAL AND RESERVES
Called up share capital
2
2
Profit and loss account
( 256,674)
( 137,453)
---------
---------
SHAREHOLDER DEFICIT
( 256,672)
( 137,451)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 29 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SELECTANY LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
29 October 2022
These financial statements were approved by the board of directors and authorised for issue on 2 October 2023 , and are signed on behalf of the board by:
S P Graham
Director
Company registration number: 03453036
SELECTANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 31 OCTOBER 2021 TO 29 OCTOBER 2022
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 51 Selby Road, Leeds, LS9 0EW.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements have been prepared on the going concern basis. The director considers the going concern basis to be appropriate as he has confirmed his ongoing financial support of the company. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation to date.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% reducing balance
Stocks
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to Nil (2021: 1 ).
5. TANGIBLE ASSETS
Plant and machinery
Total
£
£
Cost
At 31 October 2021 and 29 October 2022
640
640
----
----
Depreciation
At 31 October 2021
96
96
Charge for the period
82
82
----
----
At 29 October 2022
178
178
----
----
Carrying amount
At 29 October 2022
462
462
----
----
At 30 October 2021
544
544
----
----
6. DEBTORS
29 Oct 22
30 Oct 21
£
£
Trade debtors
20,000
20,000
Amounts owed by group undertakings and undertakings in which the company has a participating interest
14,648
14,608
Other debtors
113,761
163,587
---------
---------
148,409
198,195
---------
---------
7. CREDITORS: amounts falling due within one year
29 Oct 22
30 Oct 21
£
£
Bank loans and overdrafts
10,000
10,000
Trade creditors
485,893
223,600
Social security and other taxes
5,897
11,040
Amounts due to related companies
169,774
27,000
Other creditors
148,750
90,445
---------
---------
820,314
362,085
---------
---------
8. CREDITORS: amounts falling due after more than one year
29 Oct 22
30 Oct 21
£
£
Bank loans and overdrafts
1,079,040
40,000
------------
--------