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REGISTERED NUMBER: 03946644 (England and Wales)





























Unaudited Financial Statements for the Year Ended 30 April 2024

for

Select Garage Doors Limited

Select Garage Doors Limited (Registered number: 03946644)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Select Garage Doors Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mrs Susan Gibson
Mr Andrew Mark Gibson
Mr Christopher Paul Gibson



SECRETARY: Mrs Susan Gibson



REGISTERED OFFICE: Unit 20
Oakhill Trading Estate
Devonshire Road
Worsley
M28 3PT



REGISTERED NUMBER: 03946644 (England and Wales)



ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



BANKERS: National Westminster Bank Plc

Select Garage Doors Limited (Registered number: 03946644)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 45,447 65,714

CURRENT ASSETS
Stocks 75,500 71,000
Debtors 5 264,440 283,558
Cash at bank and in hand 273,683 183,462
613,623 538,020
CREDITORS
Amounts falling due within one year 6 (161,890 ) (126,338 )
NET CURRENT ASSETS 451,733 411,682
TOTAL ASSETS LESS CURRENT
LIABILITIES

497,180

477,396

PROVISIONS FOR LIABILITIES 8 (11,362 ) (16,429 )
NET ASSETS 485,818 460,967

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 485,718 460,867
SHAREHOLDERS' FUNDS 485,818 460,967

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Select Garage Doors Limited (Registered number: 03946644)

Balance Sheet - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by:





Mr Christopher Paul Gibson - Director


Select Garage Doors Limited (Registered number: 03946644)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Select Garage Doors 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.

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.
Improvements to property - 10% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

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 Statement of Income and Retained Earnings, 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 14 (2023 - 17 ) .

Select Garage Doors Limited (Registered number: 03946644)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2023 45,520 37,951 10,526
Additions - 6,592 -
Disposals - - -
At 30 April 2024 45,520 44,543 10,526
DEPRECIATION
At 1 May 2023 20,531 31,882 10,140
Charge for year 4,552 5,178 155
Eliminated on disposal - - -
At 30 April 2024 25,083 37,060 10,295
NET BOOK VALUE
At 30 April 2024 20,437 7,483 231
At 30 April 2023 24,989 6,069 386

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 77,711 22,268 193,976
Additions - - 6,592
Disposals - (198 ) (198 )
At 30 April 2024 77,711 22,070 200,370
DEPRECIATION
At 1 May 2023 53,924 11,785 128,262
Charge for year 12,909 4,065 26,859
Eliminated on disposal - (198 ) (198 )
At 30 April 2024 66,833 15,652 154,923
NET BOOK VALUE
At 30 April 2024 10,878 6,418 45,447
At 30 April 2023 23,787 10,483 65,714

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 209,024 219,163
Amounts owed by group undertakings 9,095 -
Directors' current accounts - 10,000
Prepayments 46,321 54,395
264,440 283,558

Select Garage Doors Limited (Registered number: 03946644)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 71,945 61,005
Tax 27,057 -
Social security and other taxes 3,303 7,021
VAT 42,228 43,806
Other creditors 5,455 4,006
Directors' current accounts 976 5
Accrued expenses 10,926 10,495
161,890 126,338

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 106,089 106,089
Between one and five years 424,354 424,354
In more than five years 97,247 203,336
627,690 733,779

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Capital allowances in excess of
depreciation

11,362

16,429

Deferred
tax
£   
Balance at 1 May 2023 16,429
Provided during year (5,067 )
Balance at 30 April 2024 11,362

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
60 Ordinary A £1 60 60
40 Ordinary B £1 40 40
100 100

Select Garage Doors Limited (Registered number: 03946644)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr Andrew Mark Gibson
Balance outstanding at start of year 10,000 -
Amounts advanced - 10,000
Amounts repaid (10,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 10,000

11. ULTIMATE PARENT COMPANY

A.C.G.S Holdings Ltd is regarded by the directors as being the company's ultimate parent company.