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REGISTERED NUMBER: 03365032 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

SELECT UNIFORMS LTD

SELECT UNIFORMS LTD (REGISTERED NUMBER: 03365032)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SELECT UNIFORMS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: Mr C J Gaunt





REGISTERED OFFICE: 4a Spence Mills
Mill Lane
Leeds
West Yorkshire
LS13 3HE





REGISTERED NUMBER: 03365032 (England and Wales)





ACCOUNTANTS: Temporal Lennon & Company Limited
Chartered Accountants
Suite 1
1 The Crescent
Adel
Leeds
West Yorkshire
LS16 6AA

SELECT UNIFORMS LTD (REGISTERED NUMBER: 03365032)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,599 11,466

CURRENT ASSETS
Stocks 84,000 85,500
Debtors 5 109,614 81,826
Cash at bank and in hand 13 2,049
193,627 169,375
CREDITORS
Amounts falling due within one year 6 175,285 138,767
NET CURRENT ASSETS 18,342 30,608
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,941

42,074

CREDITORS
Amounts falling due after more than one
year

7

(39,798

)

(61,301

)

PROVISIONS FOR LIABILITIES (1,403 ) (1,897 )
NET LIABILITIES (14,260 ) (21,124 )

CAPITAL AND RESERVES
Called up share capital 66 66
Retained earnings (14,326 ) (21,190 )
(14,260 ) (21,124 )

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

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

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 director and authorised for issue on 20 February 2024 and were signed by:





Mr C J Gaunt - Director


SELECT UNIFORMS LTD (REGISTERED NUMBER: 03365032)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Select Uniforms Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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 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.

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 5 (2022 - 4 ) .

SELECT UNIFORMS LTD (REGISTERED NUMBER: 03365032)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 120,665
DEPRECIATION
At 1 June 2022 109,199
Charge for year 2,867
At 31 May 2023 112,066
NET BOOK VALUE
At 31 May 2023 8,599
At 31 May 2022 11,466

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 75,791 57,601
Other debtors 33,823 24,225
109,614 81,826

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 50,961 57,638
Trade creditors 72,432 39,496
Taxation and social security 36,304 30,979
Other creditors 15,588 10,654
175,285 138,767

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans 39,798 61,301

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.5.23 31.5.22
£    £   
Within one year 2,313 -
Between one and five years 4,276 27,811
6,589 27,811

SELECT UNIFORMS LTD (REGISTERED NUMBER: 03365032)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Bank overdrafts 29,459 37,730
Bank loans 23,301 37,209
52,760 74,939

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

31.5.23 31.5.22
£    £   
Mr C J Gaunt
Balance outstanding at start of year 12,081 29,681
Amounts advanced 40,351 42,000
Amounts repaid (28,500 ) (59,600 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,932 12,081

The director's loan was interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr C J Gaunt.