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Registration number: 09781306

Select Support Services NW Ltd

Unaudited Filleted Financial Statements

for the Year Ended 29 September 2024

 

Select Support Services NW Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Select Support Services NW Ltd

(Registration number: 09781306)
Balance Sheet as at 29 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

7,352

6,289

Current assets

 

Stocks

5

530,250

130,000

Debtors

6

2,859,051

2,877,788

Cash at bank and in hand

 

643,162

5,487

 

4,032,463

3,013,275

Creditors: Amounts falling due within one year

7

(1,531,654)

(1,336,555)

Net current assets

 

2,500,809

1,676,720

Total assets less current liabilities

 

2,508,161

1,683,009

Creditors: Amounts falling due after more than one year

7

(1,212,657)

(468,225)

Provisions for liabilities

(1,838)

(1,572)

Net assets

 

1,293,666

1,213,212

Capital and reserves

 

Called up share capital

100

100

Retained earnings

1,293,566

1,213,112

Shareholders' funds

 

1,293,666

1,213,212

 

Select Support Services NW Ltd

(Registration number: 09781306)
Balance Sheet as at 29 September 2024

For the financial year ending 29 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 June 2025
 

.........................................
Mr R Bentley
Director

   
     
 

Select Support Services NW Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Pavilion Square
Cricketers Way
Westhoughton
Bolton
Bolton
BL5 3AJ
United Kingdom

These financial statements were authorised for issue by the director on 23 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Select Support Services NW Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Select Support Services NW Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2024

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 30 September 2023

55,845

55,845

Additions

2,555

2,555

At 29 September 2024

58,400

58,400

Depreciation

At 30 September 2023

49,556

49,556

Charge for the year

1,492

1,492

At 29 September 2024

51,048

51,048

Carrying amount

At 29 September 2024

7,352

7,352

At 29 September 2023

6,289

6,289

 

Select Support Services NW Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2024

5

Stocks

2024
£

2023
£

Other inventories

530,250

130,000

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

221,849

555,732

Amounts owed by related parties

2,063,457

1,859,067

Other debtors

 

573,745

462,989

   

2,859,051

2,877,788

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

80,024

10,000

Trade creditors

 

1,156,146

988,019

Taxation and social security

 

250,919

288,288

Accruals and deferred income

 

3,000

2,800

Other creditors

 

41,565

47,448

 

1,531,654

1,336,555


National Westminster Bank plc hold a fixed charge over the company's assets dated 31 March 2016.

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

1,212,657

468,225