Company Registration No. 06462307 (England and Wales)
Selective Leasing Limited
Unaudited accounts
for the year ended 31 October 2017
Selective Leasing Limited
Unaudited accounts
Contents
Selective Leasing Limited
Company Information
for the year ended 31 October 2017
Company Number
06462307 (England and Wales)
Registered Office
Bloxham Mill Business Centre
Barford Road
Bloxham
Oxfordshire
OX15 4FF
Accountants
Wilkes Accountancy
Suite 28 Haddonsacre Business Centre
Station Road
Offenham
Worcestershire
WR11 8JJ
Selective Leasing Limited
Statement of financial position
as at
31 October 2017
Tangible assets
217,151
101,933
Cash at bank and in hand
93,270
121,409
Creditors: amounts falling due within one year
(87,114)
(35,172)
Net current assets
34,656
109,599
Net assets
251,807
211,532
Called up share capital
1
1
Profit and loss account
251,806
211,531
Shareholders' funds
251,807
211,532
For the year ending 31 October 2017 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 21 December 2017.
D Barrons
Director
Company Registration No. 06462307
Selective Leasing Limited
Notes to the Accounts
for the year ended 31 October 2017
Selective Leasing Limited is a private company, limited by shares, registered in England and Wales, registration number 06462307. The registered office is Bloxham Mill Business Centre, Barford Road, Bloxham, Oxfordshire, OX15 4FF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 October 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
Selective Leasing Limited
Notes to the Accounts
for the year ended 31 October 2017
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
At 1 November 2016
492,368
At 31 October 2017
669,980
At 1 November 2016
390,435
Charge for the year
83,883
At 31 October 2017
452,829
At 31 October 2017
217,151
At 31 October 2016
101,933
Trade debtors
28,499
23,361
6
Creditors: amounts falling due within one year
2017
2016
Trade creditors
8,135
9,853
Taxes and social security
78,350
24,690
7
Share capital
2017
2016
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
The ultimate controlling parties are the directors, by virtue of their shareholding of 100% of the issued share capital of the company.
9
Average number of employees
During the year the average number of employees was 0 (2016: 0).