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REGISTERED NUMBER: 01908938 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SELTEX INTERIORS LIMITED

SELTEX INTERIORS LIMITED (REGISTERED NUMBER: 01908938)






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




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


SELTEX INTERIORS LIMITED (REGISTERED NUMBER: 01908938)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 281,062 257,850

CURRENT ASSETS
Inventories 57,840 127,432
Debtors 5 37,790 238,729
Cash at bank and in hand 469,885 300,574
565,515 666,735
CREDITORS
Amounts falling due within one year 6 189,057 255,573
NET CURRENT ASSETS 376,458 411,162
TOTAL ASSETS LESS CURRENT
LIABILITIES

657,520

669,012

CREDITORS
Amounts falling due after more than one year 7 (88,372 ) (123,752 )

PROVISIONS FOR LIABILITIES 9 (68,866 ) (64,462 )
NET ASSETS 500,282 480,798

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 450,282 430,798
500,282 480,798

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

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

SELTEX INTERIORS LIMITED (REGISTERED NUMBER: 01908938)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by:





Mr A Fenman - Director


SELTEX INTERIORS LIMITED (REGISTERED NUMBER: 01908938)

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

1. STATUTORY INFORMATION

Seltex Interiors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01908938

Registered office: 1 Horizon Trade Park Ring Way
Bounds Green Road
Bounds Green
London
N11 2NW

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies,the director is required to make judgements,estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised when services are rendered to the customers.

Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery - 20% on reducing balance
Fixtures and Fittings - 10% on reducing balance
Motor Vehicles - 20% on reducing balance

The company has adopted the policy of not to depreciate the asset in the year of purchase, however full depreciation will be provided in the year of disposal.

Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

SELTEX INTERIORS LIMITED (REGISTERED NUMBER: 01908938)

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

2. ACCOUNTING POLICIES - continued

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Factoring debts
The company has all of its sales invoices subjected to factoring. The company's factoring arrangements can neither be called as derecognition nor linked presentation. Hence a separate presentation has been adopted whereby gross debts are shown as an asset on the balance sheet and proceeds from the factors are included within creditors as a liability.

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value .

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

SELTEX INTERIORS LIMITED (REGISTERED NUMBER: 01908938)

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

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024 255,210 349,191 7,250 611,651
Additions 57,500 7,209 - 64,709
At 31 December 2024 312,710 356,400 7,250 676,360
DEPRECIATION
At 1 January 2024 99,615 248,456 5,730 353,801
Charge for year 31,119 10,074 304 41,497
At 31 December 2024 130,734 258,530 6,034 395,298
NET BOOK VALUE
At 31 December 2024 181,976 97,870 1,216 281,062
At 31 December 2023 155,595 100,735 1,520 257,850

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 158,250
DEPRECIATION
At 1 January 2024 31,650
Charge for year 25,320
At 31 December 2024 56,970
NET BOOK VALUE
At 31 December 2024 101,280
At 31 December 2023 126,600

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,733 46,891
Other debtors 35,057 191,838
37,790 238,729

SELTEX INTERIORS LIMITED (REGISTERED NUMBER: 01908938)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,475 10,545
Hire purchase contracts (see note 8) 30,020 30,020
Trade creditors 51,777 52,935
Taxation and social security 36,919 39,935
Other creditors 59,866 122,138
189,057 255,573

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 21,349 26,711
Hire purchase contracts (see note 8) 67,023 97,041
88,372 123,752

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 30,020 30,020
Between one and five years 67,023 97,041
97,043 127,061

Non-cancellable operating leases
2024 2023
£    £   
Between one and five years 32,500 32,500

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 64,462 30,800
Deferred tax 4,404 33,662
68,866 64,462

Deferred
tax
£   
Balance at 1 January 2024 64,462
Provided during year 4,404
Balance at 31 December 2024 68,866

SELTEX INTERIORS LIMITED (REGISTERED NUMBER: 01908938)

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

10. RELATED PARTY DISCLOSURES

Included in the other creditors less than one year is an amount of £4,580 (2023: £27,471) due to the directors of the company. The loan was interest-free and repayable on demand.