REGISTERED NUMBER: 07417424 (England and Wales)

Select Credit Management Ltd

Unaudited Financial Statements

For The Year Ended

31st October 2025

Page

Balance Sheet

1

Notes to the Financial Statements

2

to

4

FIXED ASSETS

Tangible assets

5

227

303

CURRENT ASSETS

Stocks

6

-

7,073

Debtors

7

110,032

70,177

Cash at bank

49,826

81,026

159,858

158,276

CREDITORS

Amounts falling due within one year

8

144,449

135,153

NET CURRENT ASSETS

15,409

23,123

TOTAL ASSETS LESS CURRENT LIABILITIES

15,636

23,426

CREDITORS

Amounts falling due after more than one year

9

11,922

14,925

NET ASSETS

3,714

8,501

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

3,614

8,401

SHAREHOLDERS' FUNDS

3,714

8,501

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2025 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31st July 2026 and were signed by:

T Strowlger - Director

1.	STATUTORY INFORMATION

Select Credit Management Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07417424

Registered office:

Riverside Business Centre

Riverside Road

Lowestoft

Suffolk

NR33 0TQ

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Motor vehicles

-

25% on cost

Office equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1st November 2024

and 31st October 2025

13,500

3,735

17,235

DEPRECIATION

At 1st November 2024

13,500

3,432

16,932

Charge for year

-

76

76

At 31st October 2025

13,500

3,508

17,008

NET BOOK VALUE

At 31st October 2025

-

227

227

At 31st October 2024

-

303

303

6.

STOCKS

2025

2024

£

£

Work-in-progress

-

7,073

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,860

-

Other debtors

107,172

70,177

110,032

70,177

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

2,788

2,788

Trade creditors

16,326

19,358

Taxation and social security

121,710

110,220

Other creditors

3,625

2,787

144,449

135,153

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

11,922

14,925

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

769

3,772

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st October 2025 and 31st October 2024:

2025

2024

£

£

T Strowlger

Balance outstanding at start of year

54,695

42,219

Amounts advanced

34,219

70,431

Amounts repaid

(6,544

)

(57,955

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

82,370

54,695

The company operates a loan with the director and interest is charged at the HMRC official rates on balances over £10,000. There are no set repayment terms.