IRIS Accounts Production v24.3.2.46 04391000 Board of Directors 1.4.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043910002023-03-31043910002024-06-30043910002023-04-012024-06-30043910002022-03-31043910002022-04-012023-03-31043910002023-03-3104391000ns15:EnglandWales2023-04-012024-06-3004391000ns14:PoundSterling2023-04-012024-06-3004391000ns10:Director12023-04-012024-06-3004391000ns10:PrivateLimitedCompanyLtd2023-04-012024-06-3004391000ns10:SmallEntities2023-04-012024-06-3004391000ns10:AuditExempt-NoAccountantsReport2023-04-012024-06-3004391000ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-06-3004391000ns10:SmallCompaniesRegimeForAccounts2023-04-012024-06-3004391000ns10:FullAccounts2023-04-012024-06-3004391000ns10:Director22023-04-012024-06-3004391000ns10:CompanySecretary12023-04-012024-06-3004391000ns10:RegisteredOffice2023-04-012024-06-3004391000ns5:CurrentFinancialInstruments2024-06-3004391000ns5:CurrentFinancialInstruments2023-03-3104391000ns5:ShareCapital2024-06-3004391000ns5:ShareCapital2023-03-3104391000ns5:SharePremium2024-06-3004391000ns5:SharePremium2023-03-3104391000ns5:RetainedEarningsAccumulatedLosses2024-06-3004391000ns5:RetainedEarningsAccumulatedLosses2023-03-3104391000ns5:PlantMachinery2023-03-3104391000ns5:MotorVehicles2023-03-3104391000ns5:PlantMachinery2023-04-012024-06-3004391000ns5:MotorVehicles2023-04-012024-06-3004391000ns5:PlantMachinery2024-06-3004391000ns5:MotorVehicles2024-06-3004391000ns5:PlantMachinery2023-03-3104391000ns5:MotorVehicles2023-03-3104391000ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-3004391000ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 04391000 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2023 TO 30 JUNE 2024

FOR

SELECT ELECTRICAL SUPPLIES LIMITED

SELECT ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 04391000)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SELECT ELECTRICAL SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2023 TO 30 JUNE 2024







DIRECTORS: P M Ford
N P Ford





SECRETARY: N P Ford





REGISTERED OFFICE: 2 Hawksdown Road
Walmer
Dover
Kent
CT14 7PW





REGISTERED NUMBER: 04391000 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

SELECT ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 04391000)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,662 20,962

CURRENT ASSETS
Stocks 224,527 255,731
Debtors 5 960,356 377,313
Cash at bank 41,908 1,915,921
1,226,791 2,548,965
CREDITORS
Amounts falling due within one year 6 606,372 330,112
NET CURRENT ASSETS 620,419 2,218,853
TOTAL ASSETS LESS CURRENT
LIABILITIES

630,081

2,239,815

PROVISIONS FOR LIABILITIES - 3,944
NET ASSETS 630,081 2,235,871

CAPITAL AND RESERVES
Called up share capital 2 2
Share premium 129,737 129,737
Retained earnings 500,342 2,106,132
630,081 2,235,871

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

SELECT ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 04391000)

BALANCE SHEET - continued
30 JUNE 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 Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by:





P M Ford - Director


SELECT ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 04391000)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 30 JUNE 2024

1. STATUTORY INFORMATION

Select Electrical Supplies 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 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.

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 period 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 period 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was 12 (2023 - 10 ) .

SELECT ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 04391000)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 45,201 77,992 123,193
Disposals (45,201 ) (59,752 ) (104,953 )
At 30 June 2024 - 18,240 18,240
DEPRECIATION
At 1 April 2023 42,217 60,014 102,231
Charge for period 450 4,392 4,842
Eliminated on disposal (42,667 ) (55,828 ) (98,495 )
At 30 June 2024 - 8,578 8,578
NET BOOK VALUE
At 30 June 2024 - 9,662 9,662
At 31 March 2023 2,984 17,978 20,962

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 419,982 377,313
Amounts owed by group undertakings 529,262 -
Other debtors 3,612 -
Prepayments 7,500 -
960,356 377,313

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 93,211 -
Trade creditors 264,453 178,498
Tax 100,522 66,943
Social security and other taxes 89,000 41,858
Accrued expenses 59,186 42,813
606,372 330,112