0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-10-30 Sage Accounts Production Advanced 2023 - FRS102_2023 640 178 69 247 393 462 xbrli:pure xbrli:shares iso4217:GBP 03453036 2022-10-30 2023-10-27 03453036 2023-10-27 03453036 2022-10-29 03453036 2021-10-31 2022-10-29 03453036 2022-10-29 03453036 2021-10-30 03453036 core:PlantMachinery 2022-10-30 2023-10-27 03453036 bus:Director1 2022-10-30 2023-10-27 03453036 core:PlantMachinery 2022-10-29 03453036 core:PlantMachinery 2023-10-27 03453036 core:WithinOneYear 2023-10-27 03453036 core:WithinOneYear 2022-10-29 03453036 core:AfterOneYear 2023-10-27 03453036 core:AfterOneYear 2022-10-29 03453036 core:UKTax 2022-10-30 2023-10-27 03453036 core:ShareCapital 2023-10-27 03453036 core:ShareCapital 2022-10-29 03453036 core:RetainedEarningsAccumulatedLosses 2023-10-27 03453036 core:RetainedEarningsAccumulatedLosses 2022-10-29 03453036 core:PlantMachinery 2022-10-29 03453036 bus:SmallEntities 2022-10-30 2023-10-27 03453036 bus:AuditExemptWithAccountantsReport 2022-10-30 2023-10-27 03453036 bus:SmallCompaniesRegimeForAccounts 2022-10-30 2023-10-27 03453036 bus:PrivateLimitedCompanyLtd 2022-10-30 2023-10-27 03453036 bus:FullAccounts 2022-10-30 2023-10-27
COMPANY REGISTRATION NUMBER: 03453036
SELECTANY LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
27 October 2023
SELECTANY LIMITED
FINANCIAL STATEMENTS
PERIOD FROM 30 OCTOBER 2022 TO 27 OCTOBER 2023
CONTENTS
PAGES
Statement of financial position
1 to 2
Notes to the financial statements
3 to 5
SELECTANY LIMITED
STATEMENT OF FINANCIAL POSITION
27 October 2023
27 Oct 23
29 Oct 22
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
393
462
CURRENT ASSETS
Stocks
1,482,715
Debtors
6
522,141
148,409
Cash at bank and in hand
529,402
11,096
------------
------------
1,051,543
1,642,220
CREDITORS: amounts falling due within one year
7
( 849,749)
( 820,314)
------------
------------
NET CURRENT ASSETS
201,794
821,906
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
202,187
822,368
CREDITORS: amounts falling due after more than one year
8
( 24,448)
( 1,079,040)
---------
------------
NET ASSETS/(LIABILITIES)
177,739
( 256,672)
---------
------------
CAPITAL AND RESERVES
Called up share capital
2
2
Profit and loss account
177,737
( 256,674)
---------
---------
SHAREHOLDER FUNDS/(DEFICIT)
177,739
( 256,672)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 27 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SELECTANY LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
27 October 2023
These financial statements were approved by the board of directors and authorised for issue on 3 April 2025 , and are signed on behalf of the board by:
S P Graham
Director
Company registration number: 03453036
SELECTANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 30 OCTOBER 2022 TO 27 OCTOBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 51 Selby Road, Leeds, LS9 0EW.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis . The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods and services supplied,exclusive of Value Added Tax.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation to date.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% reducing balance
Stocks
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. TAX ON PROFIT/(LOSS)
Major components of tax expense
Period from
Period from
30 Oct 22 to
31 Oct 21 to
27 Oct 23
29 Oct 22
£
£
Current tax:
UK current tax expense
85,517
--------
----
Tax on profit/(loss)
85,517
--------
----
5. TANGIBLE ASSETS
Plant and machinery
Total
£
£
Cost
At 30 October 2022 and 27 October 2023
640
640
----
----
Depreciation
At 30 October 2022
178
178
Charge for the period
69
69
----
----
At 27 October 2023
247
247
----
----
Carrying amount
At 27 October 2023
393
393
----
----
At 29 October 2022
462
462
----
----
6. DEBTORS
27 Oct 23
29 Oct 22
£
£
Trade debtors
20,000
20,000
Amounts owed by group undertakings and undertakings in which the company has a participating interest
17,298
14,648
Other debtors
484,843
113,761
---------
---------
522,141
148,409
---------
---------
7. CREDITORS: amounts falling due within one year
27 Oct 23
29 Oct 22
£
£
Bank loans and overdrafts
10,000
10,000
Trade creditors
227,344
485,893
Corporation tax
85,517
Social security and other taxes
5,897
Amounts due to related companies
95,806
169,774
Other creditors
431,082
148,750
---------
---------
849,749
820,314
---------
---------
8. CREDITORS: amounts falling due after more than one year
27 Oct 23
29 Oct 22
£
£
Bank loans and overdrafts
24,448
1,079,040
--------
------------