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Company Registration No. 03923618 (England and Wales)
Select Motor Services Limited Unaudited accounts for the year ended 31 March 2024
Select Motor Services Limited Unaudited accounts Contents
Page
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Select Motor Services Limited Company Information for the year ended 31 March 2024
Directors
Paul Dutton Paul Dutton
Company Number
03923618 (England and Wales)
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Select Motor Services Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
21,649 
25,910 
Current assets
Inventories
2,000 
5,500 
Debtors
- 
6,472 
Cash at bank and in hand
42,498 
44,977 
44,498 
56,949 
Creditors: amounts falling due within one year
(21,468)
(24,119)
Net current assets
23,030 
32,830 
Total assets less current liabilities
44,679 
58,740 
Creditors: amounts falling due after more than one year
(25,910)
(42,387)
Net assets
18,769 
16,353 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
18,768 
16,352 
Shareholders' funds
18,769 
16,353 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2024 and were signed on its behalf by
Paul Dutton Director Company Registration No. 03923618
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Select Motor Services Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Select Motor Services Limited is a private company, limited by shares, registered in England and Wales, registration number 03923618.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%
Motor vehicles
25%
Fixtures & fittings
25%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
36,549 
4,752 
4,415 
250 
45,966 
Additions
1,000 
- 
- 
- 
1,000 
At 31 March 2024
37,549 
4,752 
4,415 
250 
46,966 
Depreciation
At 1 April 2023
15,641 
2,318 
1,975 
122 
20,056 
Charge for the year
4,382 
487 
366 
26 
5,261 
At 31 March 2024
20,023 
2,805 
2,341 
148 
25,317 
Net book value
At 31 March 2024
17,526 
1,947 
2,074 
102 
21,649 
At 31 March 2023
20,908 
2,434 
2,440 
128 
25,910 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
6,472 
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Select Motor Services Limited Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,099 
3,338 
Trade creditors
- 
8,402 
Taxes and social security
14,869 
9,427 
Loans from directors
- 
902 
Accruals
1,500 
2,050 
21,468 
24,119 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
25,910 
35,910 
Other creditors
- 
6,477 
25,910 
42,387 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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