Company registration number 03739009 (England and Wales)
SELECT MARKETING (NORTHWEST) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
SELECT MARKETING (NORTHWEST) LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
SELECT MARKETING (NORTHWEST) LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
109,769
72,743
Current assets
Stocks
7,548
7,548
Debtors
5
54,891
50,137
Cash at bank and in hand
102
101
62,541
57,786
Creditors: amounts falling due within one year
6
(139,074)
(101,755)
Net current liabilities
(76,533)
(43,969)
Total assets less current liabilities
33,236
28,774
Creditors: amounts falling due after more than one year
7
(54,727)
(28,160)
Net (liabilities)/assets
(21,491)
614
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
(21,591)
514
Total equity
(21,491)
614
SELECT MARKETING (NORTHWEST) LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 18 November 2025 and are signed on its behalf by:
Mr N J Tyson
Director
Company registration number 03739009 (England and Wales)
SELECT MARKETING (NORTHWEST) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Select Marketing (NorthWest) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 21 Farrington Court, Burnley, Lancashire, BB11 5SW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The company finances its operations by means of a bank overdraft facility. The director is not aware of any reason why the overdraft facility will not be maintained at its current level. As a result the director has continued to adopt the going concern basis in preparing the financial statements.true

1.3
Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% reducing balance
Fixtures, fittings & equipment
20% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

SELECT MARKETING (NORTHWEST) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
6
6
SELECT MARKETING (NORTHWEST) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
3
Intangible fixed assets
Other
£
Cost
At 1 April 2024 and 31 March 2025
8,000
Amortisation and impairment
At 1 April 2024 and 31 March 2025
8,000
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
-
0
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
324,276
Additions
77,389
Disposals
(20,804)
At 31 March 2025
380,861
Depreciation and impairment
At 1 April 2024
251,533
Depreciation charged in the year
30,056
Eliminated in respect of disposals
(10,497)
At 31 March 2025
271,092
Carrying amount
At 31 March 2025
109,769
At 31 March 2024
72,743

Included within tangible fixed assets are assets held under finance leases or hire purchase contracts, as follows:

2025
2024
£
£
Motor vehicles
56,049
24,395
Depreciation charge for the year in respect of leased assets
14,578
8,132
SELECT MARKETING (NORTHWEST) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
47,410
49,199
Other debtors
352
-
0
Prepayments and accrued income
7,129
938
54,891
50,137
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
39,881
28,984
Obligations under finance leases
15,560
7,770
Trade creditors
44,180
25,476
Taxation and social security
5,172
10,056
Other creditors
26,424
23,220
Accruals and deferred income
7,857
6,249
139,074
101,755

Bank loans and overdrafts are secured by a personal guarantee given by the director, Mr N Tyson, in full.

Net obligations under finance lease and hire purchase contracts are secured by fixed charges on the assets concerned.

Other creditors includes interest-free loans made to the company by the director of £26,182 (2024 - £20,924).

7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
16,232
12,208
Obligations under finance leases
38,495
15,952
54,727
28,160

The company's bank loan is secured by the Bounce Back Loan Scheme managed by the British Business Bank.

Net obligations under finance lease and hire purchase contracts are secured by fixed charges on the assets concerned.

8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
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