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REGISTERED NUMBER: 03028373 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Select Technology Systems Limited

Select Technology Systems Limited (Registered number: 03028373)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Select Technology Systems Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: N E Potter
N Potter
S Moore





SECRETARY: Mrs R Potter





REGISTERED OFFICE: 36 Cambridge Road
Hastings
East Sussex
TN34 1DU





BUSINESS ADDRESS: 4 Cannon Park
Transfesa Road
Paddock Wood
Kent
TN12 6UF





REGISTERED NUMBER: 03028373 (England and Wales)





ACCOUNTANTS: Deeks Evans Audit Services Limited
Chartered Accountants
First Floor, West Barn
North Frith Farm, Ashes Lane
Hadlow
Tonbridge
Kent
TN11 9QU

Select Technology Systems Limited (Registered number: 03028373)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 501,109 526,337
501,109 526,337

CURRENT ASSETS
Stocks 2,300 3,352
Debtors 6 728,615 658,265
Cash at bank and in hand 831,650 708,745
1,562,565 1,370,362
CREDITORS
Amounts falling due within one year 7 621,837 566,919
NET CURRENT ASSETS 940,728 803,443
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,441,837

1,329,780

PROVISIONS FOR LIABILITIES 21,181 24,643
NET ASSETS 1,420,656 1,305,137

CAPITAL & RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 1,419,656 1,304,137
SHAREHOLDERS' FUNDS 1,420,656 1,305,137

Select Technology Systems Limited (Registered number: 03028373)

Balance Sheet - continued
31 October 2024


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

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

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 5 June 2025 and were signed on its behalf by:





N E Potter - Director


Select Technology Systems Limited (Registered number: 03028373)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Select Technology Systems 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures fittings & equipment - 20% on reducing balance
Computer equipment - 20% on reducing balance

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 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.

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.

Select Technology Systems Limited (Registered number: 03028373)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2023 - 38 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 100,000
AMORTISATION
At 1 November 2023
and 31 October 2024 100,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold fittings Computer
property & equipment equipment Totals
£    £    £    £   
COST
At 1 November 2023 623,272 116,316 243,714 983,302
Additions - 607 6,731 7,338
At 31 October 2024 623,272 116,923 250,445 990,640
DEPRECIATION
At 1 November 2023 195,508 103,681 157,776 456,965
Charge for year 11,382 2,650 18,534 32,566
At 31 October 2024 206,890 106,331 176,310 489,531
NET BOOK VALUE
At 31 October 2024 416,382 10,592 74,135 501,109
At 31 October 2023 427,764 12,635 85,938 526,337

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 692,592 633,050
Tax - 1,671
Prepayments & accrued income 36,023 23,544
728,615 658,265

Select Technology Systems Limited (Registered number: 03028373)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 259,654 356,601
Corporation tax 88,576 -
Social security & other taxes 39,089 41,112
VAT 122,032 90,678
Other creditors 89,127 70,613
Directors' current accounts 17,024 1,655
Accruals & deferred income 6,335 6,260
621,837 566,919

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 11,308 5,014
Between one and five years 15,447 6,057
In more than five years 827 -
27,582 11,071

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Select Technology Systems Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Select Technology Systems Limited for the year ended 31 October 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Select Technology Systems Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Select Technology Systems Limited and state those matters that we have agreed to state to the Board of Directors of Select Technology Systems Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Select Technology Systems Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Select Technology Systems Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Select Technology Systems Limited. You consider that Select Technology Systems Limited 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 financial statements of Select Technology Systems Limited. 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 financial statements.






Deeks Evans Audit Services Limited
Chartered Accountants
First Floor, West Barn
North Frith Farm, Ashes Lane
Hadlow
Tonbridge
Kent
TN11 9QU


5 June 2025