REGISTERED NUMBER: 02755075 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

SELTECH ENGINEERING PRODUCTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

21,058

19,647

21,058

19,647

CURRENT ASSETS

Stocks

345,267

413,537

Debtors

6

103,403

116,441

Cash at bank

406,422

257,288

855,092

787,266

CREDITORS

Amounts falling due within one year

7

118,451

97,676

NET CURRENT ASSETS

736,641

689,590

TOTAL ASSETS LESS CURRENT LIABILITIES

757,699

709,237

PROVISIONS FOR LIABILITIES

3,065

2,591

NET ASSETS

754,634

706,646

CAPITAL AND RESERVES

Called up share capital

74

74

Capital redemption reserve

26

26

Retained earnings

754,534

706,546

SHAREHOLDERS' FUNDS

754,634

706,646

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 5 November 2025 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 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

10,000

AMORTISATION

At 1 February 2024

and 31 January 2025

10,000

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 February 2024

1,574

20,265

22,106

Additions

-

9,662

1,403

Disposals

-

(2,166

)

-

At 31 January 2025

1,574

27,761

23,509

DEPRECIATION

At 1 February 2024

787

11,126

21,950

Charge for year

394

4,700

361

Eliminated on disposal

-

(947

)

-

At 31 January 2025

1,181

14,879

22,311

NET BOOK VALUE

At 31 January 2025

393

12,882

1,198

At 31 January 2024

787

9,139

156

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2024

27,790

15,968

87,703

Additions

-

-

11,065

Disposals

-

(2,609

)

(4,775

)

At 31 January 2025

27,790

13,359

93,993

DEPRECIATION

At 1 February 2024

21,893

12,300

68,056

Charge for year

1,474

1,223

8,152

Eliminated on disposal

-

(2,326

)

(3,273

)

At 31 January 2025

23,367

11,197

72,935

NET BOOK VALUE

At 31 January 2025

4,423

2,162

21,058

At 31 January 2024

5,897

3,668

19,647

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

93,785

101,034

Other debtors

9,618

15,407

103,403

116,441

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

97,621

74,124

Taxation and social security

13,437

19,503

Other creditors

7,393

4,049

118,451

97,676

8.	RELATED PARTY DISCLOSURES

During the year, the director’s current account was overdrawn, the maximum amount was £206 (2024: £206) and the year end balance was £nil (2024: £206).

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr Clive Carter.