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REGISTERED NUMBER: 04474708 (England and Wales)












REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2023

FOR

SELTEK CONSULTANTS LIMITED

SELTEK CONSULTANTS LIMITED (REGISTERED NUMBER: 04474708)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023




Page

Company Information 1

Report of the Director 2

Balance Sheet 3

Notes to the Financial Statements 5


SELTEK CONSULTANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2023







DIRECTOR: P S Peacock





SECRETARY: P S Peacock





REGISTERED OFFICE: Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP





REGISTERED NUMBER: 04474708 (England and Wales)





ACCOUNTANTS: Cook & Partners Limited
Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

SELTEK CONSULTANTS LIMITED (REGISTERED NUMBER: 04474708)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31ST AUGUST 2023

The director presents his report with the financial statements of the company for the year ended 31st August 2023.

DIRECTOR
P S Peacock held office during the whole of the period from 1st September 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





P S Peacock - Secretary


5th January 2024

SELTEK CONSULTANTS LIMITED (REGISTERED NUMBER: 04474708)

BALANCE SHEET
31ST AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,783 3,579
2,783 3,579

CURRENT ASSETS
Debtors 6 90,908 82,168
Cash at bank and in hand 21,881 79,853
112,789 162,021
CREDITORS
Amounts falling due within one year 7 95,263 103,571
NET CURRENT ASSETS 17,526 58,450
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,309

62,029

CREDITORS
Amounts falling due after more than one
year

8

(18,759

)

(26,039

)

PROVISIONS FOR LIABILITIES (336 ) (443 )
NET ASSETS 1,214 35,547

CAPITAL AND RESERVES
Called up share capital 1,003 1,003
Retained earnings 211 34,544
SHAREHOLDERS' FUNDS 1,214 35,547

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

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

SELTEK CONSULTANTS LIMITED (REGISTERED NUMBER: 04474708)

BALANCE SHEET - continued
31ST AUGUST 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5th January 2024 and were signed by:





P S Peacock - Director


SELTEK CONSULTANTS LIMITED (REGISTERED NUMBER: 04474708)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023

1. STATUTORY INFORMATION

Seltek Consultants 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

Accounting convention
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.

Going Concern Justification
The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The directors have not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date. Therefore the financial statements for the year ended 31 August 2021 have been prepared using the going concern basis of accounting.

Revenue
Revenue - Described as turnover - is the value of work (net of VAT) performed during the year with respect to services.

Revenue is recognised on the provision of services once completed.

Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life. This is considered to be a period of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement 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 have been enacted or substantively enacted by the balance sheet date.


SELTEK CONSULTANTS LIMITED (REGISTERED NUMBER: 04474708)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs
The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge represents contributions payable for the period by the company to the fund.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st September 2022
and 31st August 2023 500,000
AMORTISATION
At 1st September 2022
and 31st August 2023 500,000
NET BOOK VALUE
At 31st August 2023 -
At 31st August 2022 -

SELTEK CONSULTANTS LIMITED (REGISTERED NUMBER: 04474708)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st September 2022 35,600
Additions 270
At 31st August 2023 35,870
DEPRECIATION
At 1st September 2022 32,021
Charge for year 1,066
At 31st August 2023 33,087
NET BOOK VALUE
At 31st August 2023 2,783
At 31st August 2022 3,579

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 53,174 80,230
Other debtors 37,734 1,938
90,908 82,168

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,246 7,964
Trade creditors 14,496 16,782
Taxation and social security 67,079 62,312
Other creditors 6,442 16,513
95,263 103,571

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 18,759 26,039

9. GUARANTEES AND OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the year end of £NIL (2022: £NIL).