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REGISTERED NUMBER: 03404615 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Select Remoulds Ltd

Select Remoulds Ltd (Registered number: 03404615)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Select Remoulds Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: P W L Morter
S Morter





REGISTERED OFFICE: Suite 8, Stonebridge House
Main Road
Hawkwell
Hockley
Essex
SS5 4JH





REGISTERED NUMBER: 03404615 (England and Wales)





ACCOUNTANTS: P. A. Davies & Co
Suite 8
Stonebridge House
Main Road
Hockley
Essex
SS54JH

Select Remoulds Ltd (Registered number: 03404615)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £ £
FIXED ASSETS
Tangible assets 4 249,369 275,204

CURRENT ASSETS
Stocks 199,747 181,713
Debtors 5 403,707 405,388
Cash at bank 855,504 727,471
1,458,958 1,314,572
CREDITORS
Amounts falling due within one year 6 (527,247 ) (456,112 )
NET CURRENT ASSETS 931,711 858,460
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,181,080

1,133,664

CREDITORS
Amounts falling due after more than one
year

7

(18,333

)

(35,927

)

PROVISIONS FOR LIABILITIES (58,402 ) (52,289 )
NET ASSETS 1,104,345 1,045,448

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 1,104,335 1,045,438
SHAREHOLDERS' FUNDS 1,104,345 1,045,448

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Remoulds Ltd (Registered number: 03404615)

Balance Sheet - continued
31 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 Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





P W L Morter - Director


Select Remoulds Ltd (Registered number: 03404615)

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

1. STATUTORY INFORMATION

Select Remoulds 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 - 25% on reducing balance and 20% 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.

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 7 (2023 - 8 ) .

Select Remoulds Ltd (Registered number: 03404615)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 February 2023 95,000 518,070 613,070
Additions - 13,788 13,788
At 31 January 2024 95,000 531,858 626,858
DEPRECIATION
At 1 February 2023 - 337,866 337,866
Charge for year - 39,623 39,623
At 31 January 2024 - 377,489 377,489
NET BOOK VALUE
At 31 January 2024 95,000 154,369 249,369
At 31 January 2023 95,000 180,204 275,204

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£ £
Trade debtors 403,707 405,388

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£ £
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 9,200 11,272
Trade creditors 197,200 163,909
Taxation and social security 143,077 133,835
Other creditors 167,770 137,096
527,247 456,112

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£ £
Bank loans 18,333 28,333
Hire purchase contracts - 7,594
18,333 35,927