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REGISTERED NUMBER: 02532176 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

SELECTPLAN LIMITED

SELECTPLAN LIMITED (REGISTERED NUMBER: 02532176)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SELECTPLAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Philip Silkstone
Mark Silkstone





REGISTERED OFFICE: 2 Barrowby Lane
Garforth
Leeds
West Yorkshire
LS25 1NG





REGISTERED NUMBER: 02532176 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
1 Valley Court
Canal Road
Bradford
West Yorkshire
BD1 4SP

SELECTPLAN LIMITED (REGISTERED NUMBER: 02532176)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 42,362 33,338

CURRENT ASSETS
Stocks 9,100 19,905
Debtors 5 296,821 341,206
Cash at bank 516,276 631,521
822,197 992,632
CREDITORS
Amounts falling due within one year 6 133,167 186,593
NET CURRENT ASSETS 689,030 806,039
TOTAL ASSETS LESS CURRENT
LIABILITIES

731,392

839,377

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Profit and loss account 726,392 834,377
731,392 839,377

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

SELECTPLAN LIMITED (REGISTERED NUMBER: 02532176)

BALANCE SHEET - continued
31 AUGUST 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 Profit and loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 May 2025 and were signed on its behalf by:




Philip Silkstone - Director



Mark Silkstone - Director


SELECTPLAN LIMITED (REGISTERED NUMBER: 02532176)

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

1. STATUTORY INFORMATION

Selectplan 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

STOCKS
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss, 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.

SELECTPLAN LIMITED (REGISTERED NUMBER: 02532176)

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

2. ACCOUNTING POLICIES - continued

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.

INCOME RECOGNITION
Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have tranferred to them.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2023 19,304 14,519 64,030 97,853
Additions 1,563 2,450 19,340 23,353
Disposals - - (4,500 ) (4,500 )
At 31 August 2024 20,867 16,969 78,870 116,706
DEPRECIATION
At 1 September 2023 18,359 12,847 33,309 64,515
Charge for year 634 1,036 12,469 14,139
Eliminated on disposal - - (4,310 ) (4,310 )
At 31 August 2024 18,993 13,883 41,468 74,344
NET BOOK VALUE
At 31 August 2024 1,874 3,086 37,402 42,362
At 31 August 2023 945 1,672 30,721 33,338

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 204,642 245,364
Other debtors 92,179 95,842
296,821 341,206

SELECTPLAN LIMITED (REGISTERED NUMBER: 02532176)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 26,943 30,891
Taxation and social security 61,714 112,086
Other creditors 44,510 43,616
133,167 186,593

7. RELATED PARTY DISCLOSURES

Included in debtors due within one year was an interest free loan of £83,452 (2023: £83,452) due from a company in which the directors have an interest.

8. PENSION COSTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension costs represents contributions payable by the company to the fund and amounted to £52,231 (2023: £52,054). Contributions totalling £503 (2023: £438) were payable to the fund at the year end and are included in the creditors.