Company Registration No. 10491544 (England and Wales)
SALECTRICS LTD
Unaudited accounts
for the year ended 30 November 2023
SALECTRICS LTD
Unaudited accounts
Contents
SALECTRICS LTD
Company Information
for the year ended 30 November 2023
Director
Mr Salim Mahomed Patel
Company Number
10491544 (England and Wales)
Registered Office
4 COWPER STREET
BLACKBURN
BB1 6NQ
UNITED KINGDOM
Accountants
Zakirhusen Member MAAT
Bluewater Accountants Ltd
210 New Hall Lane
Preston
Lancashire
PR1 4SS
SALECTRICS LTD
Accountants' report
Accountants' report to the director of SALECTRICS LTD on the preparation of the unaudited statutory accounts for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
SALECTRICS LTD for the year ended
30 November 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of SALECTRICS LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of SALECTRICS LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SALECTRICS LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SALECTRICS LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of SALECTRICS LTD. You consider that SALECTRICS LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of SALECTRICS LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Zakirhusen Member MAAT
Bluewater Accountants Ltd
210 New Hall Lane
Preston
Lancashire
PR1 4SS
30 November 2024
SALECTRICS LTD
Statement of financial position
as at 30 November 2023
Tangible assets
2,506
1,466
Investment property
998
998
Cash at bank and in hand
1,474
7,535
Creditors: amounts falling due within one year
(30,861)
(30,531)
Net current (liabilities)/assets
(8,087)
12,104
Total assets less current liabilities
(4,583)
14,568
Creditors: amounts falling due after more than one year
(31,851)
(42,500)
Net liabilities
(36,434)
(27,932)
Called up share capital
100
100
Profit and loss account
(36,534)
(28,032)
Shareholders' funds
(36,434)
(27,932)
For the year ending 30 November 2023 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 director acknowledges his 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 and authorised for issue on 30 November 2024 and were signed on its behalf by
Mr Salim Mahomed Patel
Director
Company Registration No. 10491544
SALECTRICS LTD
Notes to the Accounts
for the year ended 30 November 2023
SALECTRICS LTD is a private company, limited by shares, registered in England and Wales, registration number 10491544. The registered office is 4 COWPER STREET, BLACKBURN, BB1 6NQ, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
20 % RB
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 December 2022
-
2,375
2,375
At 30 November 2023
1,600
2,375
3,975
At 1 December 2022
-
909
909
Charge for the year
267
293
560
At 30 November 2023
267
1,202
1,469
At 30 November 2023
1,333
1,173
2,506
At 30 November 2022
-
1,466
1,466
Fair value at 1 December 2022
998
SALECTRICS LTD
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
Amounts falling due after more than one year
Other debtors
21,200
35,000
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
180
180
Other creditors
27,986
27,986
Loans from directors
(1,240)
(1,240)
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).