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REGISTERED NUMBER: 05428433 (England and Wales)






















Unaudited Financial Statements

for the Period

1 April 2024 to 30 April 2025

for

Selmec (Lincoln) Limited

Selmec (Lincoln) Limited (Registered number: 05428433)






Contents of the Financial Statements
for the Period 1 April 2024 to 30 April 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Selmec (Lincoln) Limited

Company Information
for the Period 1 April 2024 to 30 April 2025







DIRECTORS: P Dalton
J Richmond
D Dalton
S Richmond
D A Sheldrake
M Coe
C Burns





REGISTERED OFFICE: Unit 10 Gateway Court
Dankerwood Road
South Hykeham
Lincoln
Lincolnshire
LN6 9UL





REGISTERED NUMBER: 05428433 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Selmec (Lincoln) Limited (Registered number: 05428433)

Balance Sheet
30 April 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 452,772 311,505

CURRENT ASSETS
Stocks 225,000 225,000
Debtors 5 1,010,340 1,933,597
Cash at bank and in hand 1,623,927 1,398,853
2,859,267 3,557,450
CREDITORS
Amounts falling due within one year 6 1,108,098 1,794,580
NET CURRENT ASSETS 1,751,169 1,762,870
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,203,941

2,074,375

PROVISIONS FOR LIABILITIES 74,009 68,642
NET ASSETS 2,129,932 2,005,733

CAPITAL AND RESERVES
Called up share capital 7 1,000 850
Capital redemption reserve 25 25
Retained earnings 2,128,907 2,004,858
SHAREHOLDERS' FUNDS 2,129,932 2,005,733

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2025 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 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:




J Richmond - Director



P Dalton - Director


Selmec (Lincoln) Limited (Registered number: 05428433)

Notes to the Financial Statements
for the Period 1 April 2024 to 30 April 2025

1. STATUTORY INFORMATION

Selmec (Lincoln) 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 represents amounts invoiced in respect of services provided, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 period 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 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 period 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 76 (2024 - 63 ) .

Selmec (Lincoln) Limited (Registered number: 05428433)

Notes to the Financial Statements - continued
for the Period 1 April 2024 to 30 April 2025

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2024 - 84,850 27,540
Additions 58,250 1,626 149
Disposals - - -
At 30 April 2025 58,250 86,476 27,689
DEPRECIATION
At 1 April 2024 - 67,126 22,434
Charge for period 6,304 5,490 1,839
Eliminated on disposal - - -
At 30 April 2025 6,304 72,616 24,273
NET BOOK VALUE
At 30 April 2025 51,946 13,860 3,416
At 31 March 2024 - 17,724 5,106

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024 612,329 109,895 834,614
Additions 250,118 13,281 323,424
Disposals (45,699 ) - (45,699 )
At 30 April 2025 816,748 123,176 1,112,339
DEPRECIATION
At 1 April 2024 349,808 83,741 523,109
Charge for period 144,621 17,578 175,832
Eliminated on disposal (39,374 ) - (39,374 )
At 30 April 2025 455,055 101,319 659,567
NET BOOK VALUE
At 30 April 2025 361,693 21,857 452,772
At 31 March 2024 262,521 26,154 311,505

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 893,489 1,824,569
Other debtors 116,851 109,028
1,010,340 1,933,597

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 384,575 1,209,858
Taxation and social security 399,756 370,988
Other creditors 323,767 213,734
1,108,098 1,794,580

Selmec (Lincoln) Limited (Registered number: 05428433)

Notes to the Financial Statements - continued
for the Period 1 April 2024 to 30 April 2025

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
700 Ordinary £1 700 700
100 Ordinary A £1 100 50
100 Ordinary B £1 100 50
100 Ordinary C £1 100 50
1,000 850

The following shares were issued during the period for cash at par :

50 Ordinary A shares of £1
50 Ordinary B shares of £1
50 Ordinary C shares of £1

8. ULTIMATE CONTROLLING PARTY

No one individual controls the company.