Seltech Engineering Products Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02755075 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

SELTECH ENGINEERING PRODUCTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Clive Carter

REGISTERED OFFICE:

Bank Gallery

High Street

Kenilworth

Warwickshire

CV8 1LY

REGISTERED NUMBER:

02755075 (England and Wales)

ACCOUNTANTS:

Bernard Rogers & Co

Bank Gallery

High Street

Kenilworth

Warwickshire

CV8 1LY

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

33,085

21,058

33,085

21,058

CURRENT ASSETS

Stocks

313,938

345,267

Debtors

6

97,245

103,403

Cash at bank

425,342

406,422

836,525

855,092

CREDITORS

Amounts falling due within one year

7

49,634

118,451

NET CURRENT ASSETS

786,891

736,641

TOTAL ASSETS LESS CURRENT
LIABILITIES

819,976

757,699

PROVISIONS FOR LIABILITIES

5,519

3,065

NET ASSETS

814,457

754,634

CAPITAL AND RESERVES

Called up share capital

74

Capital redemption reserve

26

Retained earnings

814,357

754,534

SHAREHOLDERS' FUNDS

814,457

754,634

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 29 October 2026 and were signed by:

Mr Clive Carter - Director

1.	STATUTORY INFORMATION

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

10,000

AMORTISATION

At 1 February 2025

and 31 January 2026

10,000

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

COST

At 1 February 2025

1,574

27,761

23,509

Additions

-

2,209

-

Disposals

(1,574

)

(478

)

(11,016

)

At 31 January 2026

-

29,492

12,493

DEPRECIATION

At 1 February 2025

1,181

14,879

22,311

Charge for year

98

3,771

216

Eliminated on disposal

(1,279

)

(420

)

(11,016

)

At 31 January 2026

-

18,230

11,511

NET BOOK VALUE

At 31 January 2026

-

11,262

982

At 31 January 2025

393

12,882

1,198

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 February 2025

27,790

13,359

93,993

Additions

19,474

2,034

23,717

Disposals

-

(4,903

)

(17,971

)

At 31 January 2026

47,264

10,490

99,739

DEPRECIATION

At 1 February 2025

23,367

11,197

72,935

Charge for year

5,974

1,035

11,094

Eliminated on disposal

-

(4,660

)

(17,375

)

At 31 January 2026

29,341

7,572

66,654

NET BOOK VALUE

At 31 January 2026

17,923

2,918

33,085

At 31 January 2025

4,423

2,162

21,058

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

94,989

93,785

Other debtors

2,256

9,618

97,245

103,403

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

17,268

97,621

Taxation and social security

25,829

13,437

Other creditors

6,537

7,393

49,634

118,451

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr Clive Carter.