Select Switchgear And Control Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06216749 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

FOR

SELECT SWITCHGEAR AND CONTROL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J P C Denham

T A McDonagh

SECRETARY:

Mrs T A McDonagh

REGISTERED OFFICE:

Unit 2

7 Magna Road

Wigston

Leicester

Leicestershire

LE18 4ZH

REGISTERED NUMBER:

06216749 (England and Wales)

ACCOUNTANTS:

LDP Luckmans

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

FIXED ASSETS

Tangible assets

4

146,242

51,102

CURRENT ASSETS

Stocks

117,000

80,283

Debtors

5

1,411,489

1,268,983

Cash at bank and in hand

2,420,658

2,010,459

3,949,147

3,359,725

CREDITORS

Amounts falling due within one year

6

1,926,535

1,365,363

NET CURRENT ASSETS

2,022,612

1,994,362

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,168,854

2,045,464

PROVISIONS FOR LIABILITIES

36,561

12,778

NET ASSETS

2,132,293

2,032,686

CAPITAL AND RESERVES

Called up share capital

2,000

Share premium

39,600

Retained earnings

2,090,693

1,991,086

SHAREHOLDERS' FUNDS

2,132,293

2,032,686

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 26 October 2026 and were signed on its behalf by:

T A McDonagh - Director

1.	STATUTORY INFORMATION

Select Switchgear And Control 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.

Significant judgements and estimates

The company is not subject to any significant judgements or estimates.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of Control Panels and Switchgears are recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Interest receivable

Interest income is recognised using the effective interest method and dividend income is recognised as the company's right to receive payment is established.

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

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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 items.

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.

In respect of work in progress and finished goods, cost includes a relevant proportion of overheads

according to the stage of manufacture/completion.

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.

Basic financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising form inpairment are recognised in the profit and loss account in other administrative expenses.

The company does not have any other basic financial instruments.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2025 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

COST

At 1 May 2025

4,834

129,465

18,284

Additions

7,430

950

4,266

Disposals

-

At 30 April 2026

12,264

130,415

22,550

DEPRECIATION

At 1 May 2025

4,735

109,194

16,816

Charge for year

1,881

5,311

1,434

Eliminated on disposal

-

At 30 April 2026

6,616

114,505

18,250

NET BOOK VALUE

At 30 April 2026

5,648

15,910

4,300

At 30 April 2025

99

20,271

1,468

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 May 2025

86,522

24,013

263,118

Additions

134,130

3,370

150,146

Disposals

(24,989

)

-

(24,989

)

At 30 April 2026

195,663

27,383

388,275

DEPRECIATION

At 1 May 2025

59,308

21,963

212,016

Charge for year

38,774

1,358

48,758

Eliminated on disposal

(18,741

)

-

(18,741

)

At 30 April 2026

79,341

23,321

242,033

NET BOOK VALUE

At 30 April 2026

116,322

4,062

146,242

At 30 April 2025

27,214

2,050

51,102

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

Trade debtors

1,388,948

1,247,721

Other debtors

7,060

Prepayments

15,481

14,202

1,411,489

1,268,983

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

Trade creditors

1,254,488

768,603

Tax

362,672

326,912

Social security and other taxes

42,734

13,077

VAT

223,960

249,888

Other creditors

622

68

Accrued expenses

42,059

6,815

1,926,535

1,365,363

7.	OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £155,830 (2025: £245,147).