Company Registration No. 06462307 (England and Wales)
Selective Leasing Ltd
Abbreviated unaudited accounts
for the year ended 31 October 2016
Selective Leasing Ltd
Abbreviated Balance Sheet
as at
31 October 2016
Tangible assets
101,933
106,737
Cash at bank and in hand
121,409
248,851
Creditors: amounts falling due within one year
(35,172)
(60,030)
Net current assets
109,599
216,248
Net assets
211,532
322,985
Called up share capital
1
1
Profit and loss account
211,531
322,984
Total shareholders' funds
211,532
322,985
For the year ending 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 20 December 2016
D Barrons
Director
Company Registration No. 06462307
Selective Leasing Ltd
Notes to the Abbreviated Accounts
for the year ended 31 October 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.3% SL
During the year ended 31 October 2016 the company contributed £612,000 (£300,000 in 2015) to a Remuneration Trust and this is included in administrative expenses.
2
Tangible fixed assets
Plant & machinery
At 1 November 2015
452,996
At 31 October 2016
492,368
At 1 November 2015
346,259
Charge for the year
57,110
At 31 October 2016
390,435
At 31 October 2016
101,933
At 31 October 2015
106,737
3
Share capital
2016
2015
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1