0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-03-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 01336835 2023-03-01 2024-02-29 01336835 2024-02-29 01336835 2023-02-28 01336835 2022-03-01 2023-02-28 01336835 2023-02-28 01336835 2022-02-28 01336835 bus:Director1 2023-03-01 2024-02-29 01336835 core:WithinOneYear 2024-02-29 01336835 core:WithinOneYear 2023-02-28 01336835 core:ShareCapital 2024-02-29 01336835 core:ShareCapital 2023-02-28 01336835 core:RetainedEarningsAccumulatedLosses 2024-02-29 01336835 core:RetainedEarningsAccumulatedLosses 2023-02-28 01336835 bus:SmallEntities 2023-03-01 2024-02-29 01336835 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 01336835 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 01336835 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 01336835 bus:FullAccounts 2023-03-01 2024-02-29 01336835 bus:Director1 1 2023-03-01 2024-02-29
COMPANY REGISTRATION NUMBER: 01336835
Selby & Selby (Canterbury) Limited
Filleted Unaudited Financial Statements
29 February 2024
Selby & Selby (Canterbury) Limited
Financial Statements
Year ended 29 February 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Selby & Selby (Canterbury) Limited
Statement of Financial Position
29 February 2024
2024
2023
Note
£
£
£
Current assets
Debtors
5
6,112
3,982
Cash at bank and in hand
62,170
75,997
--------
--------
68,282
79,979
Creditors: amounts falling due within one year
6
2,117
1,919
--------
--------
Net current assets
66,165
78,060
--------
--------
Total assets less current liabilities
66,165
78,060
--------
--------
Net assets
66,165
78,060
--------
--------
Capital and reserves
Called up share capital
2,000
2,000
Profit and loss account
64,165
76,060
--------
--------
Shareholders funds
66,165
78,060
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Selby & Selby (Canterbury) Limited
Statement of Financial Position (continued)
29 February 2024
These financial statements were approved by the board of directors and authorised for issue on 3 October 2024 , and are signed on behalf of the board by:
M A Selby
Director
Company registration number: 01336835
Selby & Selby (Canterbury) Limited
Notes to the Financial Statements
Year ended 29 February 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, United Kingdom, CT1 3DN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The director has considered the results of the company and is satisfied that there is no reason for the company not to be considered a going concern.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the year, including the director, amounted to 1 (2023: 1).
5. Debtors
2024
2023
£
£
Other debtors
6,112
3,982
-------
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
367
169
Other creditors
1,750
1,750
-------
-------
2,117
1,919
-------
-------
7. Director's advances, credits and guarantees
At the year end the director owed the company £3,586 (2023: £3,000). Advances of £586 (2023: £500) were made to the director during the year and there were no repayments made by the director. No interest has been charged on the loan.