Selectany Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03453036

SELECTANY LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED

26 October 2024

SELECTANY LIMITED

FINANCIAL STATEMENTS

PERIOD ENDED 26 OCTOBER 2024

CONTENTS	PAGES

Statement of financial position	1 to 2

Notes to the financial statements	3 to 5

SELECTANY LIMITED

STATEMENT OF FINANCIAL POSITION

26 October 2024

	2024		2023
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		324		393

CURRENT ASSETS

Debtors	6	964,143	522,141
Cash at bank and in hand		13,752	529,402
		---------	------------
		977,895	1,051,543

CREDITORS: amounts falling due within one year	7	( 824,493)		( 849,749)
		---------		------------
NET CURRENT ASSETS			153,402		201,794
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			153,726		202,187

CREDITORS: amounts falling due after more than one year	8	( 24,597)	( 24,448)
		---------	---------
NET ASSETS		129,129	177,739
		---------	---------

CAPITAL AND RESERVES

Called up share capital	2	2
Profit and loss account	129,127	177,737
	---------	---------
SHAREHOLDER FUNDS	129,129	177,739
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 26 October 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 member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

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

SELECTANY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

26 October 2024

These financial statements were approved by the board of directors and authorised for issue on 7 October 2025 , and are signed on behalf of the board by:

S P Graham
Director

Company registration number: 03453036

SELECTANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

PERIOD ENDED 26 OCTOBER 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Units 1 & 2 Sandleas Way, Sandleas Way, Leeds, LS15 8AW, England.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises revenue recognised by the company in respect of goods and services supplied,exclusive of Value Added Tax.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation to date.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and machinery	-	15% reducing balance

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 and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

4. TAX ON (LOSS)/PROFIT

Major components of tax (income)/expense

		Period from
	Year to	30 Oct 22 to
	26 Oct 24	27 Oct 23
	£	£

Current tax:

UK current tax expense	–	85,517
Adjustments in respect of prior periods	5	–
Corporation tax refund	( 14,199)	–
	--------	--------
Total current tax	( 14,194)	85,517
	--------	--------
	--------	--------
Tax on (loss)/profit	( 14,194)	85,517
	--------	--------

5. TANGIBLE ASSETS

	Plant and machinery	Total
	£	£
Cost
At 28 October 2023 and 26 October 2024	640	640
	----	----
Depreciation
At 28 October 2023	247	247
Charge for the period	69	69
	----	----
At 26 October 2024	316	316
	----	----
Carrying amount
At 26 October 2024	324	324
	----	----
At 27 October 2023	393	393
	----	----

6. DEBTORS

	2024	2023
	£	£
Trade debtors	20,000	20,000
Amounts owed by group undertakings and undertakings in which the company has a participating interest	17,338	17,298
Other debtors	926,805	484,843
	---------	---------
	964,143	522,141
	---------	---------

7. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	10,000	10,000
Trade creditors	224,939	227,344
Corporation tax	71,323	85,517
Social security and other taxes	5,920	–
Amounts due to related companies	76,874	95,806
Other creditors	435,437	431,082
	---------	---------
	824,493	849,749
	---------	---------

8. CREDITORS: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	24,597	24,448
	--------	--------