2023-01-01 04837029 2023-12-31 04837029 2023-01-01 2023-12-31 04837029 2022-12-31 04837029 2022-01-01 2022-12-31 04837029 uk-core:WithinOneYear 2022-12-31 04837029 uk-core:WithinOneYear 2023-12-31 04837029 uk-core:AfterOneYear 2022-12-31 04837029 uk-core:AfterOneYear 2023-12-31 04837029 uk-core:ShareCapital 2023-12-31 04837029 uk-core:ShareCapital 2022-12-31 04837029 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 04837029 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 04837029 uk-bus:Director1 2023-01-01 2023-12-31 04837029 uk-core:ToolsEquipment 2023-01-01 2023-12-31 04837029 uk-core:MotorCars 2023-01-01 2023-12-31 04837029 uk-core:FurnitureFittings 2023-01-01 2023-12-31 04837029 uk-core:ToolsEquipment 2022-12-31 04837029 uk-core:FurnitureFittings 2022-12-31 04837029 uk-core:MotorCars 2022-12-31 04837029 uk-core:MotorCars 2023-12-31 04837029 uk-core:FurnitureFittings 2023-12-31 04837029 uk-core:ToolsEquipment 2023-12-31 04837029 uk-core:WithinOneYear 2023-12-31 04837029 uk-core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure 04837029 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04837029 uk-bus:FRS102 2023-01-01 2023-12-31 04837029 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 04837029 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
Selles Medical Limited
Registered Number:04837029
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
Selles Medical Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
04837029
As at 31 December 2023
Selles Medical Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
61,244
32,661
2
61,244
32,661
Current assets
Inventories
378,765
343,187
3
Trade and other receivables
179,581
164,877
4
87,928
Cash and cash equivalents
168,392
676,456
646,274
Trade and other payables: amounts falling due within one
year
(323,460)
(301,253)
5
322,814
375,203
Net current assets
Total assets less current liabilities
436,447
355,475
Trade and other payables: amounts falling due after more
than one year
-
(32,422)
6
404,025
Net assets
355,475
Capital and reserves
Called up share capital
100
100
Retained earnings
403,925
355,375
404,025
355,475
Shareholders' funds
For the year ended 31 December 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr James Hoskins Director
These financial statements were approved and authorised for issue by the Board on 09 September 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2023
Selles Medical Limited
Notes to the Financial Statements
Statutory Information
Selles Medical Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 04837029.
Registered address:
3-5 Popple Street
Hull
HU9 1LP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Straight line
Office equipment
20% Straight line
Motor vehicles
20% Straight line
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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5
For the year ended 31 December 2023
Selles Medical Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Office
equipment
Fixtures and
fittings
Motor vehicles
£
£
£
£
Cost or
valuation
At 01 January 2023
103,317
63,878
16,239
23,200
73,926
10,629
14,877
48,420
Additions
(45,492)
(2,082)
(23,200)
Disposals
(70,774)
At 31 December 2023
48,420
29,034
29,015
106,469
Provision for depreciation and impairment
At 01 January 2023
70,656
52,716
13,300
4,640
Charge for year
26,273
9,471
4,388
12,414
(51,704)
(42,252)
(2,082)
(7,370)
On disposal
At 31 December 2023
45,225
19,935
15,606
9,684
At 31 December 2023
Net book value
38,736
13,428
9,080
61,244
At 31 December 2022
18,560
2,939
11,162
32,661
3. Inventories
2022
2023
£
£
Stocks
343,187
378,765
4. Trade and other receivables
2022
2023
£
£
Trade debtors
143,169
171,034
Other debtors
21,708
8,547
179,581
164,877
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6
For the year ended 31 December 2023
Selles Medical Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
39,234
34,167
Trade creditors
113,757
112,463
Taxation and social security
85,124
60,980
Other creditors
63,138
115,850
301,253
323,460
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Other creditors
32,422
-
7. Average number of persons employed
During the year the average number of employees was 17 (2022 : 20)
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