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REGISTERED NUMBER: 03013233 (England and Wales)















SELBY ENGINEERING & LIFTING SAFETY
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST JANUARY 2024






SELBY ENGINEERING & LIFTING SAFETY
LIMITED (REGISTERED NUMBER: 03013233)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SELBY ENGINEERING & LIFTING SAFETY
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTOR: Mr D Atkinson





SECRETARY: Ms J M Atkinson





REGISTERED OFFICE: 3 Lincoln Way
Sherburn in Elmet
Leeds
West Yorkshire
LS25 6PJ





REGISTERED NUMBER: 03013233 (England and Wales)





ACCOUNTANTS: KTC
Chartered Certified Accountants
80 West View
Barlby Road
Selby
North Yorkshire
YO8 5BD

SELBY ENGINEERING & LIFTING SAFETY
LIMITED (REGISTERED NUMBER: 03013233)

BALANCE SHEET
31ST JANUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 1,559 1,882
Tangible assets 5 80,132 96,404
81,691 98,286

CURRENT ASSETS
Stocks 45,000 49,000
Debtors 6 444,080 269,150
Cash in hand 550 -
489,630 318,150
CREDITORS
Amounts falling due within one year 7 (541,552 ) (388,272 )
NET CURRENT LIABILITIES (51,922 ) (70,122 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,769

28,164

PROVISIONS FOR LIABILITIES (11,480 ) (11,311 )
NET ASSETS 18,289 16,853

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 18,189 16,753
SHAREHOLDERS' FUNDS 18,289 16,853

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

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

SELBY ENGINEERING & LIFTING SAFETY
LIMITED (REGISTERED NUMBER: 03013233)

BALANCE SHEET - continued
31ST JANUARY 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 director and authorised for issue on 11th June 2024 and were signed by:





Mr D Atkinson - Director


SELBY ENGINEERING & LIFTING SAFETY
LIMITED (REGISTERED NUMBER: 03013233)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024


1. STATUTORY INFORMATION

Selby Engineering & Lifting Safety Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

Domain names is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Plant and equipment - 20% on reducing balance
Website - 25% on reducing balance
Motor vehicles - 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.


SELBY ENGINEERING & LIFTING SAFETY
LIMITED (REGISTERED NUMBER: 03013233)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Domain
names
£   
COST
At 1st February 2023
and 31st January 2024 3,226
AMORTISATION
At 1st February 2023 1,344
Amortisation for year 323
At 31st January 2024 1,667
NET BOOK VALUE
At 31st January 2024 1,559
At 31st January 2023 1,882

SELBY ENGINEERING & LIFTING SAFETY
LIMITED (REGISTERED NUMBER: 03013233)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024


5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property equipment Website vehicles Totals
£    £    £    £    £   
COST
At 1st February 2023 66,706 106,372 14,864 89,705 277,647
Additions - 4,102 - - 4,102
At 31st January 2024 66,706 110,474 14,864 89,705 281,749
DEPRECIATION
At 1st February 2023 45,241 85,720 14,686 35,596 181,243
Charge for year 2,146 4,655 45 13,528 20,374
At 31st January 2024 47,387 90,375 14,731 49,124 201,617
NET BOOK VALUE
At 31st January 2024 19,319 20,099 133 40,581 80,132
At 31st January 2023 21,465 20,652 178 54,109 96,404

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 313,647 248,913
Other debtors 114,405 20,237
428,052 269,150

Amounts falling due after more than one year:
Other debtors 16,028 -

Aggregate amounts 444,080 269,150

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,038 9,236
Trade creditors 476,197 334,592
Taxation and social security 52,340 32,084
Other creditors 9,977 12,360
541,552 388,272

SELBY ENGINEERING & LIFTING SAFETY
LIMITED (REGISTERED NUMBER: 03013233)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st January 2024 and 31st January 2023:

2024 2023
£    £   
Mr D Atkinson
Balance outstanding at start of year - -
Amounts advanced 72,491 -
Amounts repaid (25,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 47,491 -

The loan operates on an interest free basis and is repayable on demand.