REGISTERED NUMBER: 10014294 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

SELECTEQUIP HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

H E Spence

Registered office:

Unit 7

Brittania Way

Lichfield

Staffordshire

WS14 9UY

Registered number:

10014294 (England and Wales)

Accountants:

S&W Partners (Manchester) Limited

Accountants

Northern Assurance Buildings

9-21 Princess Street

Manchester

M2 4DN

Fixed assets

Investments

5

2,808,473

2,808,473

Current assets

Debtors

6

644

55,520

Cash at bank

928

1,541

1,572

57,061

Creditors

Amounts falling due within one year

7

1,235,875

1,286,118

Net current liabilities

(1,234,303

)

(1,229,057

)

Total assets less current liabilities

1,574,170

1,579,416

Capital and reserves

Called up share capital

8

10,000

10,000

Retained earnings

1,564,170

1,569,416

Shareholders' funds

1,574,170

1,579,416

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 director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 August 2025 and were signed by:

H E Spence - Director

1.	Statutory information

Selectequip Holdings 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.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Selectequip Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Going concern

As at 31 December 2023 the company had net current liabilities of £1,234,303 (2023 - £1,229,057). The company is dependent on the continued support of its subsidiary company which has confirmed ir its commitment to continue to provide the necessary support as long as the company needs it.

On this basis the directors considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that might be necessary if the subsidiaries were not to provide further support.

Turnover

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

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

4.	Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

5.	Fixed asset investments

Shares in

group

undertaking

£

Cost

At 1 January 2024

and 31 December 2024

2,808,473

Net book value

At 31 December 2024

2,808,473

At 31 December 2023

2,808,473

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Other debtors

644

55,520

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Amounts owed to group undertakings

1,233,152

1,162,662

Other creditors

2,723

123,456

1,235,875

1,286,118

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

10,000

Ordinary

£1

-

-

9,000

Ordinary A

£1

9,000

9,000

1,000

Ordinary B

£1

1,000

1,000

10,000

10,000

9.

Control

At the year end the ultimate controlling party was the director who owns 51% of the issued share capital of the company.