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REGISTERED NUMBER: 06143345 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

F.T. Select Ltd

F.T. Select Ltd (Registered number: 06143345)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


F.T. Select Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R L Thomas
M R Nicholls





SECRETARY: R L Thomas





REGISTERED OFFICE: 145a Ashley Road
Hale
Cheshire
WA14 2UW





REGISTERED NUMBER: 06143345 (England and Wales)





ACCOUNTANTS: Beauchamp Charles Chartered Accountants
145a Ashley Road
Hale
Altrincham
Cheshire
WA14 2UW

F.T. Select Ltd (Registered number: 06143345)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 853 843

CURRENT ASSETS
Debtors 5 376,031 433,819
Cash at bank 84,179 196,403
460,210 630,222
CREDITORS
Amounts falling due within one year 6 274,963 397,968
NET CURRENT ASSETS 185,247 232,254
TOTAL ASSETS LESS CURRENT
LIABILITIES

186,100

233,097

CREDITORS
Amounts falling due after more than one
year

7

21,989

30,808
NET ASSETS 164,111 202,289

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 164,011 202,189
SHAREHOLDERS' FUNDS 164,111 202,289

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

F.T. Select Ltd (Registered number: 06143345)

Balance Sheet - continued
31 March 2024


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 9 September 2024 and were signed on its behalf by:





R L Thomas - Director


F.T. Select Ltd (Registered number: 06143345)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

F.T. Select 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 - 20% on cost

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 10 (2023 - 9 ) .

F.T. Select Ltd (Registered number: 06143345)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 7,538
Additions 416
At 31 March 2024 7,954
DEPRECIATION
At 1 April 2023 6,695
Charge for year 406
At 31 March 2024 7,101
NET BOOK VALUE
At 31 March 2024 853
At 31 March 2023 843

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 198,762 224,363
Other debtors 177,269 209,456
376,031 433,819

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 64,632 127,265
Trade creditors 104,754 151,780
Taxation and social security 69,553 96,272
Other creditors 36,024 22,651
274,963 397,968

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 21,989 30,808