Select Commissioning Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 10526502 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

SELECT COMMISSIONING LTD

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

Property, plant and equipment

5

138,880

158,912

138,880

158,912

CURRENT ASSETS

Inventories

11,435

5,250

Debtors

6

450,867

355,288

Cash at bank and in hand

208,212

28,965

670,514

389,503

CREDITORS

Amounts falling due within one year

7

508,551

291,278

NET CURRENT ASSETS

161,963

98,225

TOTAL ASSETS LESS CURRENT
LIABILITIES

300,843

257,137

CREDITORS

Amounts falling due after more than one year

8

(67,428

)

(39,185

)

PROVISIONS FOR LIABILITIES

11

(34,720

)

(39,728

)

NET ASSETS

198,695

178,224

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

198,694

178,223

198,695

178,224

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 August 2025 and were signed by:

Mr P J Turner - Director

1.	STATUTORY INFORMATION

Select Commissioning Ltd 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:

10526502

Registered office:

1 Kings Avenue

London

N21 3NA

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 significant judgements and estimates involved in the preparation of the financial statements.

Revenue

Revenue is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Goodwill

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.

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

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 inventory sold is recognised as an expense in the period in which the related revenue is recognised

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Invoice discounting debts

The company has all of its sales invoices subjected to invoice discounting. The company's invoice discounting 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 invoice discounting facility are included within creditors as a liability.

Cash and cash equivalents

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.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

13,099

AMORTISATION

At 1 May 2024

and 30 April 2025

13,099

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

-

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 May 2024

204,690

69,541

274,231

Additions

11,753

-

11,753

At 30 April 2025

216,443

69,541

285,984

DEPRECIATION

At 1 May 2024

81,383

33,936

115,319

Charge for year

24,662

7,123

31,785

At 30 April 2025

106,045

41,059

147,104

NET BOOK VALUE

At 30 April 2025

110,398

28,482

138,880

At 30 April 2024

123,307

35,605

158,912

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

Plant and

machinery

etc

£

COST

At 1 May 2024

and 30 April 2025

61,791

DEPRECIATION

At 1 May 2024

and 30 April 2025

30,154

NET BOOK VALUE

At 30 April 2025

31,637

At 30 April 2024

31,637

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

230,247

132,567

Other debtors

220,620

222,721

450,867

355,288

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

36,210

23,056

Hire purchase contracts (see note 9)

8,319

10,819

Trade creditors

248,553

81,648

Taxation and social security

132,197

77,699

Other creditors

83,272

98,056

508,551

291,278

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

64,803

28,241

Hire purchase contracts (see note 9)

2,625

10,944

67,428

39,185

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

463

6,019

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2025

2024

£

Net obligations repayable:

Within one year

8,319

10,819

Between one and five years

2,625

10,944

21,763

Non-cancellable operating

leases

2025

2024

£

Within one year

23,000

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Invoice factoring

54,648

90,232

Loan is secured by way of fixed and floating charge on the assets of the company and contains a negative pledge.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

Accelerated capital allowances

34,720

39,728

Deferred

tax

£

Balance at 1 May 2024

39,728

Credit to Income Statement during year

(5,008

)

Balance at 30 April 2025

34,720