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REGISTERED NUMBER: 04302052 (England and Wales)















SELECT INTERIORS (CHESHIRE) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






SELECT INTERIORS (CHESHIRE) LIMITED (REGISTERED NUMBER: 04302052)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SELECT INTERIORS (CHESHIRE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: C P Brown





REGISTERED OFFICE: Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD





REGISTERED NUMBER: 04302052 (England and Wales)





ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

SELECT INTERIORS (CHESHIRE) LIMITED (REGISTERED NUMBER: 04302052)

BALANCE SHEET
31 MARCH 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,941 45,558

CURRENT ASSETS
Debtors 5 232,505 369,840
Cash at bank and in hand 154,726 118,807
387,231 488,647
CREDITORS
Amounts falling due within one year 6 261,287 273,121
NET CURRENT ASSETS 125,944 215,526
TOTAL ASSETS LESS CURRENT
LIABILITIES

153,885

261,084

CREDITORS
Amounts falling due after more than one
year

7

(44,782

)

(70,833

)

PROVISIONS FOR LIABILITIES (6,012 ) (7,178 )
NET ASSETS 103,091 183,073

CAPITAL AND RESERVES
Called up share capital 9 110 110
Retained earnings 102,981 182,963
SHAREHOLDERS' FUNDS 103,091 183,073

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 INTERIORS (CHESHIRE) LIMITED (REGISTERED NUMBER: 04302052)

BALANCE SHEET - continued
31 MARCH 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 director and authorised for issue on 7 January 2025 and were signed by:





C P Brown - Director


SELECT INTERIORS (CHESHIRE) LIMITED (REGISTERED NUMBER: 04302052)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Select Interiors (Cheshire) 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 represents net invoiced sales of goods and services, excluding value added tax.

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 - Straight line over 8 years
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

SELECT INTERIORS (CHESHIRE) LIMITED (REGISTERED NUMBER: 04302052)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

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 6 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 103,641 10,090 26,495 31,139 171,365
Additions - - - 1,457 1,457
At 31 March 2024 103,641 10,090 26,495 32,596 172,822
DEPRECIATION
At 1 April 2023 77,730 7,825 20,208 20,044 125,807
Charge for year 12,955 566 1,571 3,982 19,074
At 31 March 2024 90,685 8,391 21,779 24,026 144,881
NET BOOK VALUE
At 31 March 2024 12,956 1,699 4,716 8,570 27,941
At 31 March 2023 25,911 2,265 6,287 11,095 45,558

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 213,031 180,466
Corporation tax debtor - 7,070
Prepayments and accrued income 19,474 182,304
232,505 369,840

SELECT INTERIORS (CHESHIRE) LIMITED (REGISTERED NUMBER: 04302052)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Bank loans and overdrafts 25,000 25,000
Trade creditors 100,808 158,923
Corporation tax 25,392 -
Social security and other taxes 6,916 11,610
Value added tax 62,965 66,161
Other creditors 784 3,783
Director's current account 34,699 3,144
Accruals 4,723 4,500
261,287 273,121

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
as restated
£    £   
Bank loans - 1-2 years 44,782 50,000
Bank loans - 2-5 years - 20,833
44,782 70,833

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
as restated
£    £   
Bank loans 69,782 95,833

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: as restated
£    £   
100 Ordinary A £1 100 100
5 Ordinary B £1 5 5
5 Ordinary C £1 5 5
110 110

SELECT INTERIORS (CHESHIRE) LIMITED (REGISTERED NUMBER: 04302052)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. CONTINGENT LIABILITIES

During the year the company provided a guarantee for the property owned by Mr C P Brown for the purpose of leasing back to the company.

11. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr C P Brown who owns the majority of the issued share capital.