Select Automotive Group Ltd

Select Automotive Group Ltd
Contents Page
For the year ended 31 May 2026

Accountants' Report	1
Statement of Financial Position	2
Notes to the Financial Statements	3

Select Automotive Group Ltd Accountants' Report For the year ended 31 May 2026
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts Select Automotive Group Ltd for the year ended 31 May 2026 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Select Automotive Group Ltd for the year ended 31 May 2026 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com. This report is made solely to the Board of Directors of Select Automotive Group Ltd , as a body, in accordance with the terms of our engagement letter dated 12 August 2026. Our work has been undertaken solely to prepare for your approval the accounts of Select Automotive Group Ltd and state those matters that we have agreed to state to the Board of Directors of Select Automotive Group Ltd, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Select Automotive Group Ltd and its Board of Directors as a body for our work or for this report It is your duty to ensure that Select Automotive Group Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit Select Automotive Group Ltd. You consider that Select Automotive Group Ltd is exempt from the statutory audit requirement for the year We have not been instructed to carry out an audit or a review of the accounts of Select Automotive Group Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts. .................................................... Rivington Accounts Ltd Bank House 6-8 Church Street Adlington Lancashire PR7 4EX 12 August 2026 1

Select Automotive Group Ltd
Accountants' Report
For the year ended 31 May 2026

Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts Select Automotive Group Ltd for the year ended 31 May 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Select Automotive Group Ltd for the year ended 31 May 2026 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
This report is made solely to the Board of Directors of Select Automotive Group Ltd , as a body, in accordance with the terms of our engagement letter dated 12 August 2026. Our work has been undertaken solely to prepare for your approval the accounts of Select Automotive Group Ltd and state those matters that we have agreed to state to the Board of Directors of Select Automotive Group Ltd, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Select Automotive Group Ltd and its Board of Directors as a body for our work or for this report
It is your duty to ensure that Select Automotive Group Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit Select Automotive Group Ltd. You consider that Select Automotive Group Ltd is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of Select Automotive Group Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

....................................................
Rivington Accounts Ltd
Bank House
6-8 Church Street
Adlington
Lancashire
PR7 4EX
12 August 2026

1

Select Automotive Group Ltd
Statement of Financial Position
As at 31 May 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	9,595	9,076
Investments	4	103,426	0
		113,021	9,076
Current assets
Stocks		81,206	71,838
Debtors		28,990	25,383
Cash at bank and in hand		17,150	152,812
		127,346	250,033
Creditors: amount falling due within one year		(78,900)	(94,373)
Net current assets		48,446	155,660

Total assets less current liabilities		161,467	164,736
Provisions for liabilities		(2,149)	(1,926)
Net assets		159,318	162,810

Capital and reserves
Called up share capital	5	100	100
Profit and loss account		159,218	162,710
Shareholders' funds		159,318	162,810

For the year ended 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts 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 accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 12 August 2026 and were signed on its behalf by:

-------------------------------
Jonathon Caunce
Director

2

Select Automotive Group Ltd
Notes to the Abridged Financial Statements
For the year ended 31 May 2026

General Information

Select Automotive Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 06260912, registration address Naylors Transport Yard, Comet Road, Leyland, Lancashire, PR26 7PF.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Website cost

Planning and operating costs for the company's website are charged to the income statement as incurred.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	25% Reducing Balance
Fixtures and Fittings	25% Reducing Balance
Computer Equipment	25% Reducing Balance

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 4 (2025 : 5).

3.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£
At 01 June 2025	2,000	3,817	20,233	26,050
Additions	-	3,717	-	3,717
Disposals	-	-	-	-
At 31 May 2026	2,000	7,534	20,233	29,767
Depreciation
At 01 June 2025	1,752	3,499	11,723	16,974
Charge for year	62	2,615	521	3,198
On disposals	-	-	-	-
At 31 May 2026	1,814	6,114	12,244	20,172
Net book values
Closing balance as at 31 May 2026	186	1,420	7,989	9,595
Opening balance as at 01 June 2025	248	318	8,510	9,076

4.

Investments

Cost	Other investments other than loans	Total
	£	£
At 01 June 2025	-	-
Additions	103,426	103,426
Disposals	-	-
At 31 May 2026	103,426	103,426

5.

Share Capital

Allotted, called up and fully paid	2026 £		2025 £
100 Ordinary shares of £1.00 each	100		100
	100		100

3


Registered Number: 06260912
England and Wales
SELECT AUTOMOTIVE GROUP LTD

Abridged Accounts

Period of accounts Start date: 01 June 2025 End date: 31 May 2026