Registered number
08790007
Sellears Limited
Report and Accounts
31 December 2023
Sellears Limited
Report to the director on the preparation of the unaudited statutory accounts of Sellears Limited for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sellears Limited for the year ended 31 December 2023 which comprise of the Profit and Loss Account, the 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
Nottinghamshire
NG8 2BE
9 February 2024
Sellears Limited
Registered number: 08790007
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 25,175 33,583
Current assets
Debtors 4 2,094 (24)
Cash at bank and in hand 202,364 194,267
204,458 194,243
Creditors: amounts falling due within one year 5 (34,136) (31,892)
Net current assets 170,322 162,351
Net assets 195,497 195,934
Capital and reserves
Called up share capital 2 2
Profit and loss account 195,495 195,932
Shareholders' funds 195,497 195,934
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T Sellears
Director
Approved by the board on 9 February 2024
Sellears Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 33% reducing balance
Motor vehicles 25% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 575 33,565 34,140
At 31 December 2023 575 33,565 34,140
Depreciation
At 1 January 2023 557 - 557
Charge for the year 16 8,392 8,408
At 31 December 2023 573 8,392 8,965
Net book value
At 31 December 2023 2 25,173 25,175
At 31 December 2022 18 33,565 33,583
4 Debtors 2023 2022
£ £
Trade debtors 2,094 (24)
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 86 212
Corporation tax 408 -
Other taxes and social security costs 346 (1,251)
Other creditors 33,296 32,931
34,136 31,892
6 Other information
Sellears Limited is a private company limited by shares and incorporated in England. Its registered office is:
23 Yalding Drive
Wollaton
Nottingham
NG8 2QA
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