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REGISTERED NUMBER: 04001395 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Select Environmental Services Ltd

Select Environmental Services Ltd (Registered number: 04001395)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Select Environmental Services Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: P K Stone
D J Stone
P J Stone





REGISTERED OFFICE: Prosper Park
Bennet Road
Reading
Berkshire
RG2 0QX





REGISTERED NUMBER: 04001395 (England and Wales)





ACCOUNTANTS: J & C Accountants Ltd
Wyvols Court
Basingstoke Road
Swallowfield
Reading
Berkshire
RG7 1WY

Select Environmental Services Ltd (Registered number: 04001395)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,452,339 2,010,348
Investments 6 20 20
1,452,359 2,010,368

CURRENT ASSETS
Stocks 22,500 10,500
Debtors 7 4,761,326 2,992,616
Cash at bank and in hand 4,622,140 3,533,297
9,405,966 6,536,413
CREDITORS
Amounts falling due within one year 8 2,405,198 1,856,589
NET CURRENT ASSETS 7,000,768 4,679,824
TOTAL ASSETS LESS CURRENT LIABILITIES 8,453,127 6,690,192

CREDITORS
Amounts falling due after more than one
year

9

(757,573

)

(1,261,713

)

PROVISIONS FOR LIABILITIES (360,000 ) (477,000 )
NET ASSETS 7,335,554 4,951,479

Select Environmental Services Ltd (Registered number: 04001395)

Balance Sheet - continued
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 101 101
Retained earnings 7,335,453 4,951,378
SHAREHOLDERS' FUNDS 7,335,554 4,951,479

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

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

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 K Stone - Director


Select Environmental Services Ltd (Registered number: 04001395)

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

1. STATUTORY INFORMATION

Select Environmental Services Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 04001395. The registered office and business address is Prosper Park, Bennet Road, Reading, Berkshire, RG2 0QX.

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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

The balance of the good will has been written off in accordance with FRS102.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, Straight line over 15 years and Straight line over 8 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Select Environmental Services Ltd (Registered number: 04001395)

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

2. ACCOUNTING POLICIES - continued
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.

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 46 (2023 - 46 ) .

Select Environmental Services Ltd (Registered number: 04001395)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 150,000
AMORTISATION
At 1 July 2023
and 30 June 2024 150,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 5,669,076
Additions 178,812
Disposals (948,419 )
At 30 June 2024 4,899,469
DEPRECIATION
At 1 July 2023 3,658,728
Charge for year 513,141
Eliminated on disposal (724,739 )
At 30 June 2024 3,447,130
NET BOOK VALUE
At 30 June 2024 1,452,339
At 30 June 2023 2,010,348

Select Environmental Services Ltd (Registered number: 04001395)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2023 2,876,963
Additions 2,155
Disposals (422,205 )
At 30 June 2024 2,456,913
DEPRECIATION
At 1 July 2023 1,444,787
Charge for year 349,413
Eliminated on disposal (308,844 )
At 30 June 2024 1,485,356
NET BOOK VALUE
At 30 June 2024 971,557
At 30 June 2023 1,432,176

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 20
NET BOOK VALUE
At 30 June 2024 20
At 30 June 2023 20

Select Environmental Services Ltd (Registered number: 04001395)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 1,989,932 1,818,800
Amounts owed by group undertakings 2,457,852 1,000,000
Other debtors 313,542 173,816
4,761,326 2,992,616

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 496,700 569,634
Trade creditors 646,617 715,423
Taxation and social security 742,626 118,997
Other creditors 519,255 452,535
2,405,198 1,856,589

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 757,573 1,261,713

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100
100 Ordinary B 1p 1 1
101 101