REGISTERED NUMBER: 05428433 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2026

for

Selmec (Lincoln) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P Dalton

J Richmond

D Dalton

S Richmond

D A Sheldrake

M Coe

C Burns

REGISTERED OFFICE:

Unit 10 Gateway Court

Dankerwood Road

South Hykeham

Lincoln

Lincolnshire

LN6 9UL

REGISTERED NUMBER:

05428433 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

FIXED ASSETS

Tangible assets

4

356,740

452,772

CURRENT ASSETS

Stocks

225,000

225,000

Debtors

5

1,215,601

1,010,340

Cash at bank and in hand

1,335,481

1,623,927

2,776,082

2,859,267

CREDITORS

Amounts falling due within one year

6

1,063,734

1,108,098

NET CURRENT ASSETS

1,712,348

1,751,169

TOTAL ASSETS LESS CURRENT LIABILITIES

2,069,088

2,203,941

PROVISIONS FOR LIABILITIES

54,988

74,009

NET ASSETS

2,014,100

2,129,932

CAPITAL AND RESERVES

Called up share capital

7

1,000

1,000

Capital redemption reserve

25

25

Retained earnings

2,013,075

2,128,907

SHAREHOLDERS' FUNDS

2,014,100

2,129,932

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 20 July 2026 and were signed on its behalf by:

J Richmond - Director

P Dalton - Director

1.	STATUTORY INFORMATION

Selmec (Lincoln) 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 represents amounts invoiced in respect of services provided, excluding value added tax.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% 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

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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 balance sheet date.

Deferred tax

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

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 59 (2025 - 76 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 May 2025

58,250

86,476

27,689

Additions

-

4,785

1,551

Disposals

-

-

-

At 30 April 2026

58,250

91,261

29,240

DEPRECIATION

At 1 May 2025

6,304

72,616

24,273

Charge for year

5,825

4,588

1,818

Eliminated on disposal

-

-

-

At 30 April 2026

12,129

77,204

26,091

NET BOOK VALUE

At 30 April 2026

46,121

14,057

3,149

At 30 April 2025

51,946

13,860

3,416

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 May 2025

816,748

123,176

1,112,339

Additions

38,841

2,912

48,089

Disposals

(72,755

)

-

(72,755

)

At 30 April 2026

782,834

126,088

1,087,673

DEPRECIATION

At 1 May 2025

455,055

101,319

659,567

Charge for year

110,158

15,390

137,779

Eliminated on disposal

(66,413

)

-

(66,413

)

At 30 April 2026

498,800

116,709

730,933

NET BOOK VALUE

At 30 April 2026

284,034

9,379

356,740

At 30 April 2025

361,693

21,857

452,772

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

1,108,258

893,489

Other debtors

107,343

116,851

1,215,601

1,010,340

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

488,942

384,575

Taxation and social security

402,374

399,756

Other creditors

172,418

323,767

1,063,734

1,108,098

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

700

Ordinary

£1

700

700

100

Ordinary A

£1

100

100

100

Ordinary B

£1

100

100

100

Ordinary C

£1

100

100

1,000

1,000

8.	ULTIMATE CONTROLLING PARTY

No one individual controls the company.