Selecta Systems Limited

	Page
Strategic Report	1
Director's Report	2—3
Independent Auditor's Report	4—5
Profit and Loss Account	6
Statement of Comprehensive Income	7
Balance Sheet	8
Statement of Changes in Equity	9
Statement of Cash Flows	10
Notes to the Statement of Cash Flows	11
Notes to the Financial Statements	12—17

The director presents his strategic report for the year ended 31 December 2025.

Review of the Business

The company is a uPVC window and door profile systems extruder and distributor to approximately 300 window and door maufacturers and installers throughout the UK. The company's turnover increased by approximately £950k (4.6%) during the year whilst gross margin improved to 38.8% from 37.2% as a result of production cost increases being passed on through higher prices.

The profit before tax has increased from £1,982,109 in 2024 to £2,124,937 whilst shareholders funds are £4,147,385.

Principal Risks and Uncertainties

The process of risk acceptance and risk management is addressed through a framework of policies, procedures and internal controls. All policies are subject to director approval and ongoing review by management. Compliance with regulation, legal and ethical standards is a priority of the business and is supported by the director, general manager and senior management team.

The UK market for the supply of window and door system profiles is competitive and the business predominantly concentrates on the midsized window amd door fabricators to distribute business risk over a wide range of customers. Financial risks primarily relate to customer accounts and these are managed by the general office manager, supported by the credit control department.

The company's success is dependent upon the selection, quality and pricing of its products and services combined with the ongoing management of the risks it accepts. The business has further consolidated its position within the uPVC window and door market over the past year. The company aims to achieve further growth within its existing sector by ongoing operational improvements facilitated through continual performance monitoring and improvement programmes, alongside continued investment in machinery, tooling and management information systems.

On behalf of the board

Mr M Weihe

Director

3rd September 2026

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Selecta Systems Limited

Company No. 01638655

Director's Report For The Year Ended 31 December 2025

Director's Report

The director presents his report and the financial statements for the year ended 31 December 2025.

Principal Activity

The principal activity of the company in the year under review was that of extrusion of bar length uPVC window and door profile sections and ancilliaries, the lamination of window and door profiles, as well as the supply of window and door hardware.

Future Developments

The company will continue to actively review production costs and make savings wherever identified. Pricing structures are regularly reviewed to remain competitive within the market. The company remains committed to developing relationships with existing and potential customers and suppliers, converting new leads wherever possible and increasing retention levels across the business.

Dividends

The value of dividends paid amounted to £1,000,000 .

The director recommended a final dividend of £NIL .

Directors

The director who held office during the year was as follows:

Mr M Weihe

Statement of Director's Responsibilities

The director is responsible for preparing the Strategic Report, the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Director's Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

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Selecta Systems Limited

Director's Report (continued)

For The Year Ended 31 December 2025

Independent Auditors

The auditors, Weatherer Bailey Bragg LLP, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

Mr M Weihe

Director

3rd September 2026

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Independent Auditor's Report

to the Members of

Selecta Systems Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Selecta Systems Limited for the year ended 31 December 2025 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit/(loss) for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The director is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Director's Report have been prepared in accordance with applicable legal requirements.

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Director's Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or returns; or
certain disclosures of director's remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

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Independent Auditor's Report (continued)

to the Members of

Selecta Systems Limited

Responsibilities of Directors

As explained more fully in the Director's Responsibilities Statement set out on page 2—3, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory framework within which the company operates, focussing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations that we considered in this context, were the Companies Act 2006 and taxation legislation.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be the override of controls by management, the recognition of revenue and the valuation of stock. Our audit procedures to respond to these risks included enquiries of management about their own identification and assessment of the risks from irregularities, sample testing on the posting of journals, reviewing accounting estimates for bias, corroborating revenue recognised by the company to supporting documentation and verifying a sample of stock items to purchase and sales documentation.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occuring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Alan Joseph Weatherer (Senior Statutory Auditor)

for and on behalf of Weatherer Bailey Bragg LLP , Statutory Auditor

3rd September 2026

Weatherer Bailey Bragg LLP

100 Boldmere Road

Sutton Coldfield

West Midlands

B73 5UB

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Selecta Systems Limited

Profit and Loss Account

For The Year Ended 31 December 2025

Profit and Loss Account

		2025	2024
	Notes	£	£
TURNOVER	3	21,579,203	20,631,573
Cost of sales		(13,214,987 )	(12,949,409 )

GROSS PROFIT		8,364,216	7,682,164

Administrative expenses		(6,268,034 )	(5,698,649 )

OPERATING PROFIT	4	2,096,182	1,983,515
Loss on disposal of fixed assets		(4,631 )	(7,921 )
Other interest receivable and similar income	9	86,108	63,830
Interest payable and similar charges	10	(52,722 )	(57,315 )

PROFIT BEFORE TAXATION		2,124,937	1,982,109
Tax on Profit	11	(532,405 )	(496,572 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		1,592,532	1,485,537

The notes on pages 11 to 17 form part of these financial statements.

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Selecta Systems Limited

Statement of Comprehensive Income

For The Year Ended 31 December 2025

Statement of Comprehensive Income

	2025	2024
	£	£
PROFIT FOR THE FINANCIAL YEAR	1,592,532	1,485,537
OTHER COMPREHENSIVE INCOME FOR THE YEAR	-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR	1,592,532	1,485,537

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Selecta Systems Limited

Balance Sheet

As At 31 December 2025

Balance Sheet

Registered number: 01638655

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	12		1,018,084		956,903

			1,018,084		956,903
CURRENT ASSETS
Stocks	13	2,639,360		2,417,783
Debtors	14	1,565,624		1,297,712
Cash at bank and in hand		2,262,074		2,657,569

		6,467,058		6,373,064
Creditors: Amounts Falling Due Within One Year	15	(3,194,352 )		(3,640,617 )

NET CURRENT ASSETS (LIABILITIES)			3,272,706		2,732,447

TOTAL ASSETS LESS CURRENT LIABILITIES			4,290,790		3,689,350

PROVISIONS FOR LIABILITIES
Deferred Taxation	16		(143,405 )		(134,497 )

NET ASSETS			4,147,385		3,554,853

CAPITAL AND RESERVES
Called up share capital	18		5,000		5,000
Profit and Loss Account			4,142,385		3,549,853

SHAREHOLDERS' FUNDS			4,147,385		3,554,853

On behalf of the board

Mr M Weihe

Director

3rd September 2026

The notes on pages 11 to 17 form part of these financial statements.

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Selecta Systems Limited

Statement of Changes in Equity

For The Year Ended 31 December 2025

Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 January 2024	5,000	3,064,316	3,069,316
Profit for the year and total comprehensive income	-	1,485,537	1,485,537

Dividends paid	-	(1,000,000)	(1,000,000)

As at 31 December 2024 and 1 January 2025	5,000	3,549,853	3,554,853


Profit for the year and total comprehensive income	-	1,592,532	1,592,532

Dividends paid	-	(1,000,000)	(1,000,000)

As at 31 December 2025	5,000	4,142,385	4,147,385

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Selecta Systems Limited

Statement of Cash Flows

For The Year Ended 31 December 2025

Statement of Cash Flows

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash generated from operations	1	2,937,638	2,583,090
Interest paid		(52,722 )	(57,315 )
Tax paid		(470,620 )	(830,466 )

Net cash generated from operating activities		2,414,296	1,695,309

Cash flows from investing activities
Purchase of tangible assets		(412,933 )	(683,658 )
Proceeds from disposal of tangible assets		43,150	113,924
Interest received		86,108	63,830

Net cash used in investing activities		(283,675 )	(505,904 )

Cash flows from financing activities
Equity dividends paid		(1,000,000 )	(1,000,000 )
Proceeds from new loans from group undertakings		481,284	481,283
Repayment of loans from group undertakings		(1,600,000)	-
Advance of new loans to group undertakings		(407,400 )	(558,600 )

Net cash used in financing activities		(2,526,116 )	(1,077,317 )



(Decrease)/increase in cash and cash equivalents		(395,495 )	112,088
Cash and cash equivalents at beginning of year	2	2,657,569	2,545,481

Cash and cash equivalents at end of year	2	2,262,074	2,657,569

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Selecta Systems Limited

Notes to the Statement of Cash Flows

For The Year Ended 31 December 2025

Notes to the Statement of Cash Flows

1. Reconciliation of profit for the financial year to cash generated from operations

	2025	2024
	£	£
Profit for the financial year	1,592,532	1,485,537
Adjustments for:
Tax on profit	532,405	496,572
Interest expense	52,722	57,315
Interest income	(86,108 )	(63,830 )
Depreciation of tangible assets	303,971	243,018
Loss on disposal of tangible assets	4,631	7,921
Movements in working capital:
(Increase)/decrease in stocks	(221,577 )	193,809
Decrease in trade and other debtors	139,488	63,068
Increase in trade and other creditors	619,574	99,680

Net cash generated from operations	2,937,638	2,583,090

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2025	2024
	£	£
Cash at bank and in hand	2,262,074	2,657,569

3. Analysis of changes in net funds

	As at 1 January 2025	Cash flows	As at 31 December 2025
	£	£	£
Cash at bank and in hand	2,657,569	(395,495)	2,262,074
Debts falling due within one year	(1,627,590 )	1,118,716	(508,874 )

	1,029,979	723,221	1,753,200

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Selecta Systems Limited

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

Selecta Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01638655 . The registered office is 100 Boldmere Road, Sutton Coldfield, West Midlands, B73 5UB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	25% reducing balance
Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	33% straight line

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

2.5. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

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Selecta Systems Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Turnover

Turnover is derived from sales made wholly within the United Kingdom.

4. Operating Profit

The operating profit is stated after charging:

	2025	2024
	£	£
Bad debts	16,875	3,703
Operating lease rentals	276,232	272,483
Exchange differences	5,864	3,777
Depreciation of tangible fixed assets	303,971	243,018

5. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	14,000	14,750

6. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2025	2024
	£	£
Wages and salaries	4,186,185	3,960,769
Social security costs	465,076	376,484
Other pension costs	170,603	145,572

	4,821,864	4,482,825

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Selecta Systems Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2025	2024
Office and administration	19	20
Sales, marketing and distribution	5	7
Manufacturing	101	96

	125	123

8. Director's remuneration

	2025	2024
	£	£
Emoluments	50,270	50,270

9. Interest Receivable and Similar Income

	2025	2024
	£	£
Bank interest receivable	62,342	63,830
Other interest receivable	23,766	-

	86,108	63,830

10. Interest Payable and Similar Charges

	2025	2024
	£	£
Other finance charges	52,722	57,315

11. Tax on Profit

The tax charge on the profit for the year was as follows:

	Tax Rate		2025	2024
	2025	2024	£	£
Current tax
UK Corporation Tax	25.0%	25.0%	523,497	445,619
Deferred Tax
Deferred taxation			8,908	50,953


Total tax charge for the period			532,405	496,572

The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:

	2025	2024
	£	£
Profit before tax	2,124,937	1,982,109

Tax on profit at 25% (UK standard rate)	531,234	495,527
Expenses not deductible for tax purposes	2,307	2,996

...CONTINUED

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Selecta Systems Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Capital allowances	(10,044 )	(52,904 )
Short term timing differences	8,908	50,953

Total tax charge for the period	532,405	496,572

12. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 January 2025	276,974	649,474	1,203,911	182,175
Additions	-	55,487	232,640	51,713
Disposals	-	-	(118,626 )	-

As at 31 December 2025	276,974	704,961	1,317,925	233,888

Depreciation
As at 1 January 2025	276,618	546,966	418,413	113,634
Provided during the period	89	36,380	232,665	27,330
Disposals	-	-	(70,845 )	-

As at 31 December 2025	276,707	583,346	580,233	140,964

Net Book Value
As at 31 December 2025	267	121,615	737,692	92,924

As at 1 January 2025	356	102,508	785,498	68,541


	Computer Equipment	Total
	£	£
Cost
As at 1 January 2025	89,614	2,402,148
Additions	73,093	412,933
Disposals	(25,926 )	(144,552 )

As at 31 December 2025	136,781	2,670,529

Depreciation
As at 1 January 2025	89,614	1,445,245
Provided during the period	7,507	303,971
Disposals	(25,926 )	(96,771 )

As at 31 December 2025	71,195	1,652,445

Net Book Value
As at 31 December 2025	65,586	1,018,084

As at 1 January 2025	-	956,903

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Selecta Systems Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

13. Stocks

	2025	2024
	£	£
Stock	2,639,360	2,417,783

14. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	527,451	597,518
Amounts owed by group undertakings	966,000	558,600
Other debtors	72,173	141,594

	1,565,624	1,297,712

15. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	782,056	638,767
Amounts owed to group undertakings	508,874	1,627,590
Other creditors	1,111,868	695,892
Corporation tax	73,496	20,619
Taxation and social security	578,364	512,896
Accruals and deferred income	139,694	144,853

	3,194,352	3,640,617

16. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	143,405	134,497

17. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 January 2025	134,497	134,497
Additions	8,908	8,908

Balance at 31 December 2025	143,405	143,405

18. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
5,000 Ordinary Shares of £ 1.00 each	5,000	5,000

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Selecta Systems Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

19. Capital Commitments

	2025	2024
	£	£
At the end of the period	278,390	134,500

At the end of the period, the company had capital commitments contracted for but not provided in these financial statements

20. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	1,579	1,580
Later than one year and not later than five years	395	1,975

	1,974	3,555

21. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

During the year the charge to the profit and loss account in respect of defined contribution schemes was £170,603 (2024: £145,572).

At the balance sheet date contributions of £22,590 (2024: £20,931) were due to the fund and are included in creditors.

22. Related Party Disclosures

Key management personnel (including directors) received compensation of £95,000 (2024: £117,183)

Amounts due to the ultimate parent company at the year end relate to a loan of £508,874 (2024 - £1,627,590). The loan is unsecured and repayable on demand. Assurances have been given that repayment will not be requested if this would affect the ability of the company to trade effectively. Repayments of principal on the loan during the year amounted to £1,600,000 and a further advance of £481,284 was made.

Expenditure of £848,032 (2024 - £715,500) was incurred during the year in relation to premises and equipment rented from Peercroft Limited. A net cost of £38,441 (2024 - £16,167) was recharged to Peercroft Limited during the year. At the year end £64, 128 (2024 - £Nil) was owed to Peercroft Limited and £Nil (2024 - £15,000) was owed by Peercroft Limited. At the year end a loan of £966,000 (2024 - £558,600) was owed by Peercroft Limited. The loan is unsecured and repayable on demand.

Related party costs of £85,000 (2024 - £85,000) were incurred by Selecta Systems Limited in relation to consultancy charges paid to one shareholder of the parent company, Select Profiles Ltd. At the beginning of the period the loan balance owing to this shareholder amounted to £674,691 (2024 - £492,997). During the year repayments amounting to £104,069 were made towards this loan and a further loan of £518,716 was made. At the year end the amount outstanding was £1,089,338 (2024 - £674,691). The loan is unsecured, repayable on demand and carries interest at 5% p.a.

23. Controlling Parties

The company's immediate parent undertaking is Select Profiles Limited .

The ultimate parent undertaking is Adriatic Investments Limited (incorporated in Isle of Man). Its registered office is Fort Anne, South Quay, Douglas, Isle of Man IM1 5PD .

Copies of the Select Profiles Limited group accounts may be obtained from Companies House.

The company's ultimate controlling party is Mark Weihe by virtue of his beneficial interest in the share capital of the company.

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