Company registration number 06135683 (England and Wales)
SELPRO LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
SELPRO LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
SELPRO LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,110
1,042
Investments
5
100
15,400
1,210
16,442
Current assets
Debtors
6
256,457
221,050
Cash at bank and in hand
422,154
437,281
678,611
658,331
Creditors: amounts falling due within one year
7
(13,955)
(18,170)
Net current assets
664,656
640,161
Total assets less current liabilities
665,866
656,603
Creditors: amounts falling due after more than one year
8
(3,517)
(8,682)
Provisions for liabilities
(277)
(260)
Net assets
662,072
647,661
Capital and reserves
Called up share capital
10
10
Profit and loss reserves
662,062
647,651
Total equity
662,072
647,661

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

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.

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.

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.

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

SELPRO LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 29 October 2025 and are signed on its behalf by:
Mr P Selvey
Mrs J L Selvey
Director
Director
Company Registration No. 06135683
SELPRO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Selpro Limited is a private company limited by shares incorporated in England and Wales. The registered office is Hill House, Heanton, Barnstaple, Devon, United Kingdom, EX31 4DQ.

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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
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:

Leasehold land and buildings
10% on cost
Plant and equipment
25% on cost
Fixtures and fittings
25% on cost
Computers
33% on cost

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.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

SELPRO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

SELPRO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are 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 considered to be 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.

3
Employees

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

2025
2024
Number
Number
Total
2
2
SELPRO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
4
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
£
Cost
At 1 April 2024
1,272
3,333
3,636
5,734
13,975
Additions
-
0
-
0
-
0
1,033
1,033
At 31 March 2025
1,272
3,333
3,636
6,767
15,008
Depreciation and impairment
At 1 April 2024
1,272
2,291
3,636
5,734
12,933
Depreciation charged in the year
-
0
833
-
0
132
965
At 31 March 2025
1,272
3,124
3,636
5,866
13,898
Carrying amount
At 31 March 2025
-
209
-
0
901
1,110
At 31 March 2024
-
0
1,042
-
0
-
0
1,042
5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
100
15,400
Movements in fixed asset investments
Shares in subsidiaries and associates
£
Cost or valuation
At 1 April 2024 & 31 March 2025
15,400
Impairment
At 1 April 2024
-
Impairment losses
15,300
At 31 March 2025
15,300
Carrying amount
At 31 March 2025
100
At 31 March 2024
15,400
SELPRO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
221,940
220,950
Other debtors
34,517
100
256,457
221,050
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
5,166
5,039
Taxation and social security
7,649
3,485
Other creditors
1,140
9,646
13,955
18,170
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
3,517
8,682
9
Related party transactions

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due from related parties
£
£
Selprop Ltd
221,940
220,950
2025-03-31 2024-04-01 false false false 29 October 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr P Selvey Mrs J L Selvey Mrs J L Selvey 06135683 2024-04-01 2025-03-31 06135683 2025-03-31 06135683 2024-03-31 06135683 core:PlantMachinery 2025-03-31 06135683 core:FurnitureFittings 2025-03-31 06135683 core:ComputerEquipment 2025-03-31 06135683 core:LandBuildings 2024-03-31 06135683 core:PlantMachinery 2024-03-31 06135683 core:FurnitureFittings 2024-03-31 06135683 core:ComputerEquipment 2024-03-31 06135683 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 06135683 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06135683 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 06135683 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 06135683 core:CurrentFinancialInstruments 2025-03-31 06135683 core:CurrentFinancialInstruments 2024-03-31 06135683 core:ShareCapital 2025-03-31 06135683 core:ShareCapital 2024-03-31 06135683 core:RetainedEarningsAccumulatedLosses 2025-03-31 06135683 core:RetainedEarningsAccumulatedLosses 2024-03-31 06135683 bus:Director1 2024-04-01 2025-03-31 06135683 bus:CompanySecretaryDirector1 2024-04-01 2025-03-31 06135683 core:LandBuildings core:LongLeaseholdAssets 2024-04-01 2025-03-31 06135683 core:PlantMachinery 2024-04-01 2025-03-31 06135683 core:FurnitureFittings 2024-04-01 2025-03-31 06135683 core:ComputerEquipment 2024-04-01 2025-03-31 06135683 2023-04-01 2024-03-31 06135683 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-03-31 06135683 core:PlantMachinery 2024-03-31 06135683 core:FurnitureFittings 2024-03-31 06135683 core:ComputerEquipment 2024-03-31 06135683 2024-03-31 06135683 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-03-31 06135683 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 06135683 core:Non-currentFinancialInstruments 2025-03-31 06135683 core:Non-currentFinancialInstruments 2024-03-31 06135683 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06135683 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06135683 bus:FRS102 2024-04-01 2025-03-31 06135683 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 06135683 bus:Director2 2024-04-01 2025-03-31 06135683 bus:CompanySecretary1 2024-04-01 2025-03-31 06135683 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP