REGISTERED NUMBER: 08166708 (England and Wales)

Financial Statements for the Year Ended 31 March 2026

for

Select Driveways Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

P M Bennett

SECRETARY:

P M Bennett

REGISTERED OFFICE:

15 Glenholm Road

Baildon

Shipley

West Yorkshire

BD175QB

REGISTERED NUMBER:

08166708 (England and Wales)

ACCOUNTANTS:

Richard Smedley Limited

Chartered Accountants & Registered Auditors

Richmond House

Lawnswood Business Park

Redvers Close

Leeds

West Yorkshire

LS16 6QY

FIXED ASSETS

Tangible assets

4

15,379

19,190

CURRENT ASSETS

Stocks

1,000

1,500

Debtors

5

15,746

23,641

Cash at bank

25,881

22,266

42,627

47,407

CREDITORS

Amounts falling due within one year

6

35,999

38,231

NET CURRENT ASSETS

6,628

9,176

TOTAL ASSETS LESS CURRENT LIABILITIES

22,007

28,366

CREDITORS

Amounts falling due after more than one year

7

(17,575

)

(23,128

)

PROVISIONS FOR LIABILITIES

(3,593

)

(4,490

)

NET ASSETS

839

748

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

829

738

SHAREHOLDERS' FUNDS

839

748

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 May 2026 and were signed by:

P M Bennett - Director

1.	STATUTORY INFORMATION

Select Driveways 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.	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.

Turnover

Turnover comprises the value of sales (excluding VAT) of product and services provided in the installation of the new driveways. Revenue is recognised when the goods are delivered and the services are complete.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

and 31 March 2026

7,185

819

43,565

7,435

59,004

DEPRECIATION

At 1 April 2025

3,729

819

28,228

7,038

39,814

Charge for year

519

-

3,067

225

3,811

At 31 March 2026

4,248

819

31,295

7,263

43,625

NET BOOK VALUE

At 31 March 2026

2,937

-

12,270

172

15,379

At 31 March 2025

3,456

-

15,337

397

19,190

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Other debtors

15,746

23,641

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

5,576

5,579

Trade creditors

9,408

8,741

Taxation and social security

18,969

22,211

Other creditors

2,046

1,700

35,999

38,231

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

17,575

23,128

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

808

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

£

P M Bennett

Balance outstanding at start of year

8,708

14,024

Amounts advanced

44,104

47,084

Amounts repaid

(43,658

)

(52,400

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,154

8,708

Interest has been charged at the official rate.

This is repayable on demand.