IRIS Accounts Production v23.3.0.418 03700424 Board of Directors 1.5.22 30.4.23 30.4.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure037004242022-04-30037004242023-04-30037004242022-05-012023-04-30037004242021-04-30037004242021-05-012022-04-30037004242022-04-3003700424ns16:EnglandWales2022-05-012023-04-3003700424ns15:PoundSterling2022-05-012023-04-3003700424ns11:Director12022-05-012023-04-3003700424ns11:PrivateLimitedCompanyLtd2022-05-012023-04-3003700424ns11:SmallEntities2022-05-012023-04-3003700424ns11:AuditExemptWithAccountantsReport2022-05-012023-04-3003700424ns11:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-3003700424ns11:SmallCompaniesRegimeForAccounts2022-05-012023-04-3003700424ns11:FullAccounts2022-05-012023-04-3003700424ns11:Director22022-05-012023-04-3003700424ns11:CompanySecretary12022-05-012023-04-3003700424ns11:RegisteredOffice2022-05-012023-04-3003700424ns6:CurrentFinancialInstruments2023-04-3003700424ns6:CurrentFinancialInstruments2022-04-3003700424ns6:Non-currentFinancialInstruments2023-04-3003700424ns6:Non-currentFinancialInstruments2022-04-3003700424ns6:ShareCapital2023-04-3003700424ns6:ShareCapital2022-04-3003700424ns6:RetainedEarningsAccumulatedLosses2023-04-3003700424ns6:RetainedEarningsAccumulatedLosses2022-04-3003700424ns6:PlantMachinery2022-05-012023-04-3003700424ns6:FurnitureFittings2022-05-012023-04-3003700424ns6:MotorVehicles2022-05-012023-04-3003700424ns6:ComputerEquipment2022-05-012023-04-3003700424ns6:PlantMachinery2022-04-3003700424ns6:FurnitureFittings2022-04-3003700424ns6:MotorVehicles2022-04-3003700424ns6:ComputerEquipment2022-04-3003700424ns6:PlantMachinery2023-04-3003700424ns6:FurnitureFittings2023-04-3003700424ns6:MotorVehicles2023-04-3003700424ns6:ComputerEquipment2023-04-3003700424ns6:PlantMachinery2022-04-3003700424ns6:FurnitureFittings2022-04-3003700424ns6:MotorVehicles2022-04-3003700424ns6:ComputerEquipment2022-04-3003700424ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-04-3003700424ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2022-04-3003700424ns6:LeasedAssetsHeldAsLessee2022-04-3003700424ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-05-012023-04-3003700424ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2022-05-012023-04-3003700424ns6:LeasedAssetsHeldAsLessee2022-05-012023-04-3003700424ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2023-04-3003700424ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2023-04-3003700424ns6:LeasedAssetsHeldAsLessee2023-04-3003700424ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-04-3003700424ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2022-04-3003700424ns6:LeasedAssetsHeldAsLessee2022-04-3003700424ns6:WithinOneYearns6:CurrentFinancialInstruments2023-04-3003700424ns6:WithinOneYearns6:CurrentFinancialInstruments2022-04-3003700424ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2023-04-3003700424ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2022-04-3003700424ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2023-04-3003700424ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2022-04-3003700424ns6:WithinOneYearns6:CurrentFinancialInstrumentsns6:HirePurchaseContracts2023-04-3003700424ns6:WithinOneYearns6:CurrentFinancialInstrumentsns6:HirePurchaseContracts2022-04-3003700424ns6:BetweenOneFiveYearsns6:HirePurchaseContracts2023-04-3003700424ns6:BetweenOneFiveYearsns6:HirePurchaseContracts2022-04-3003700424ns6:HirePurchaseContracts2023-04-3003700424ns6:HirePurchaseContracts2022-04-3003700424ns6:WithinOneYear2023-04-3003700424ns6:WithinOneYear2022-04-3003700424ns6:BetweenOneFiveYears2023-04-3003700424ns6:BetweenOneFiveYears2022-04-3003700424ns6:MoreThanFiveYears2023-04-3003700424ns6:MoreThanFiveYears2022-04-3003700424ns6:AllPeriods2023-04-3003700424ns6:AllPeriods2022-04-30
REGISTERED NUMBER: 03700424 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Selor Transport Limited

Selor Transport Limited (Registered number: 03700424)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Selor Transport Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: J M Roles
Mrs T Roles





SECRETARY: Mrs T Roles





REGISTERED OFFICE: 19 Valentine Close
Gillingham Business Park
Gillingham
Kent
ME8 0QR





REGISTERED NUMBER: 03700424 (England and Wales)





ACCOUNTANTS: Deeks Evans Audit Services Limited
Chartered Accountants
First Floor, West Barn
North Frith Farm, Ashes Lane
Hadlow
Tonbridge
Kent
TN11 9QU

Selor Transport Limited (Registered number: 03700424)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 665,186 390,922

CURRENT ASSETS
Debtors 5 375,375 378,607
Cash at bank and in hand 201,502 254,128
576,877 632,735
CREDITORS
Amounts falling due within one year 6 573,921 477,140
NET CURRENT ASSETS 2,956 155,595
TOTAL ASSETS LESS CURRENT
LIABILITIES

668,142

546,517

CREDITORS
Amounts falling due after more than one
year

7

(357,927

)

(223,473

)

PROVISIONS FOR LIABILITIES (121,473 ) (68,370 )
NET ASSETS 188,742 254,674

CAPITAL & RESERVES
Called up share capital 100 100
Retained earnings 188,642 254,574
SHAREHOLDERS' FUNDS 188,742 254,674

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2023 and were signed on its behalf by:




J M Roles - Director


Selor Transport Limited (Registered number: 03700424)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Selor Transport 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 represents net invoiced sales of services. Income is recognised at the time the work is performed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant & machinery - 20% on cost
Fixtures & fittings - 20% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2022 - 42 ) .

Selor Transport Limited (Registered number: 03700424)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Plant & Fixtures Motor Computer
machinery & fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2022 147,468 45,485 948,749 57,295 1,198,997
Additions 7,655 30,412 413,750 - 451,817
At 30 April 2023 155,123 75,897 1,362,499 57,295 1,650,814
DEPRECIATION
At 1 May 2022 140,574 31,521 579,347 56,633 808,075
Charge for year 3,609 8,871 164,411 662 177,553
At 30 April 2023 144,183 40,392 743,758 57,295 985,628
NET BOOK VALUE
At 30 April 2023 10,940 35,505 618,741 - 665,186
At 30 April 2022 6,894 13,964 369,402 662 390,922

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant & Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2022 38,000 776,858 814,858
Additions - 413,750 413,750
Transfer to ownership (38,000 ) (223,368 ) (261,368 )
At 30 April 2023 - 967,240 967,240
DEPRECIATION
At 1 May 2022 38,000 422,789 460,789
Charge for year - 114,021 114,021
Transfer to ownership (38,000 ) (158,671 ) (196,671 )
At 30 April 2023 - 378,139 378,139
NET BOOK VALUE
At 30 April 2023 - 589,101 589,101
At 30 April 2022 - 354,069 354,069

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 296,066 275,218
Other debtors 32,666 55,522
Prepayments & accrued income 46,643 47,867
375,375 378,607

Selor Transport Limited (Registered number: 03700424)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans & overdrafts 9,955 9,615
Hire purchase contracts (see note 8) 199,520 159,108
Trade creditors 82,416 58,277
Corporation tax - 48,296
Social security & other taxes 148,934 72,448
Other creditors 121,896 114,646
Accrued expenses 11,200 14,750
573,921 477,140

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,207 9,955
Bank loans - 2-5 years 12,994 23,201
Hire purchase contracts (see note 8) 334,726 190,317
357,927 223,473

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 199,520 159,108
Between one and five years 334,726 190,317
534,246 349,425

Non-cancellable operating leases
2023 2022
£    £   
Within one year 11,574 -
Between one and five years 11,574 -
In more than five years 3,858 -
27,006 -

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J M & Mrs T Roles.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Selor Transport Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Selor Transport Limited for the year ended 30 April 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Selor Transport Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Selor Transport Limited and state those matters that we have agreed to state to the Board of Directors of Selor Transport Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Selor Transport Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Selor Transport Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Selor Transport Limited. You consider that Selor Transport Limited 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 financial statements of Selor Transport Limited. 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 financial statements.






Deeks Evans Audit Services Limited
Chartered Accountants
First Floor, West Barn
North Frith Farm, Ashes Lane
Hadlow
Tonbridge
Kent
TN11 9QU


21 November 2023