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REGISTERED NUMBER: 07717702 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Selectafly Ltd.

Selectafly Ltd. (Registered number: 07717702)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Selectafly Ltd.

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M Webster
Mrs J Webster





REGISTERED OFFICE: 9 Dukes Ride
Gerrards Cross
Buckinghamshire
SL9 7LD





REGISTERED NUMBER: 07717702 (England and Wales)





ACCOUNTANTS: Wheeler & Co
Chartered Accountants
24 Dukes Wood Avenue
Gerrards Cross
Buckinghamshire
SL9 7JT

Selectafly Ltd. (Registered number: 07717702)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 208 277
208 277

CURRENT ASSETS
Stocks 38,535 38,180
Cash at bank and in hand 8,864 35,979
47,399 74,159
CREDITORS
Amounts falling due within one year 6 11,652 55,025
NET CURRENT ASSETS 35,747 19,134
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,955

19,411

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 7 35,953 19,409
SHAREHOLDERS' FUNDS 35,955 19,411

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 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 6 August 2024 and were signed on its behalf by:




M Webster - Director


Selectafly Ltd. (Registered number: 07717702)

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

1. STATUTORY INFORMATION

Selectafly 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten 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.
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Selectafly Ltd. (Registered number: 07717702)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 27,000
AMORTISATION
At 1 January 2023
and 31 December 2023 27,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 6,564
DEPRECIATION
At 1 January 2023 6,287
Charge for year 69
At 31 December 2023 6,356
NET BOOK VALUE
At 31 December 2023 208
At 31 December 2022 277

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 5,620 3,030
Other creditors 6,032 51,995
11,652 55,025

Included above is £5,588 ( 2022 £51,551) due to the directors.

Selectafly Ltd. (Registered number: 07717702)

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

7. RESERVES
Retained
earnings
£   

At 1 January 2023 19,409
Profit for the year 18,544
Dividends (2,000 )
At 31 December 2023 35,953