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REGISTERED NUMBER: 04603914 (England and Wales)




























Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Select Valeting Limited

Select Valeting Limited (Registered number: 04603914)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Select Valeting Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr Martin Simpson





SECRETARY: Mrs Janet Anne Simpson





REGISTERED OFFICE: 4 Stapleton Avenue
Bolton
Lancashire
BL1 5ES





REGISTERED NUMBER: 04603914 (England and Wales)





ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY

Select Valeting Limited (Registered number: 04603914)

Abridged Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,800 7,800
Tangible assets 5 8,533 11,596
16,333 19,396

CURRENT ASSETS
Stocks 100 100
Debtors 1,639 1,670
Cash at bank 783 47
2,522 1,817
CREDITORS
Amounts falling due within one year 9,939 10,051
NET CURRENT LIABILITIES (7,417 ) (8,234 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,916

11,162

PROVISIONS FOR LIABILITIES 6 1,621 2,203
NET ASSETS 7,295 8,959

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 7,294 8,958
SHAREHOLDERS' FUNDS 7,295 8,959

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Select Valeting Limited (Registered number: 04603914)

Abridged Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 February 2024 and were signed by:





Mr Martin Simpson - Director


Select Valeting Limited (Registered number: 04603914)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Select Valeting 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Acquired goodwill is written off in equal annual instalments over it's estimated useful economic life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tools and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss accountStatement 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Select Valeting Limited (Registered number: 04603914)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 7,800
NET BOOK VALUE

At 31 December 2023 7,800
At 31 December 2022 7,800

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 27,594
DEPRECIATION
At 1 January 2023 15,998
Charge for year 3,063
At 31 December 2023 19,061
NET BOOK VALUE
At 31 December 2023 8,533
At 31 December 2022 11,596

6. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 1,621 2,203

Deferred
tax
£   
Balance at 1 January 2023 2,203
Provided during year (582 )
Balance at 31 December 2023 1,621

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1