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CHOICES 4 U LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2018






CHOICES 4 U LIMITED (REGISTERED NUMBER: 04636347)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHOICES 4 U LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2018







DIRECTOR: Mrs S R M Fullick



SECRETARY: A S J Fullick



REGISTERED OFFICE: Venture House
The Tanneries
East Street
Titchfield
Hampshire
PO14 4AR



REGISTERED NUMBER: 04636347 (England and Wales)



ACCOUNTANTS: Compass Accountants Limited
Chartered Accountants
Venture House
The Tanneries
East Street
Titchfield
Hampshire
PO14 4AR



BANKERS: Santander
Bridle Road
Bootle
Merseyside
L30 1PH

CHOICES 4 U LIMITED (REGISTERED NUMBER: 04636347)

BALANCE SHEET
31 JULY 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 13,183 16,283
Tangible assets 5 801 1,029
13,984 17,312

CURRENT ASSETS
Debtors 6 - 2,651
Cash at bank 57,350 54,086
57,350 56,737
CREDITORS
Amounts falling due within one year 7 69,919 70,416
NET CURRENT LIABILITIES (12,569 ) (13,679 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,415

3,633

PROVISIONS FOR LIABILITIES 153 206
NET ASSETS 1,262 3,427

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,260 3,425
SHAREHOLDERS' FUNDS 1,262 3,427

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 8 November 2018 and were signed by:





Mrs S R M Fullick - Director


CHOICES 4 U LIMITED (REGISTERED NUMBER: 04636347)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2018


1. STATUTORY INFORMATION

Choices 4 U 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue for the provision of services is recognised when it is probable that an economic benefit will flow to the
entity and the revenue and associated costs can be reliably measured. For continuing services, revenue is
recognised when the stage of completion can be reliably measured. Turnover represents the value of services
supplied in the period, net of value added tax and any discounts given.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty 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.
Fixtures and fittings - 33.3% on cost and 15% on reducing balance

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.

CHOICES 4 U LIMITED (REGISTERED NUMBER: 04636347)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2018


2. ACCOUNTING POLICIES - continued

Basic financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12
'Other Financial Instruments Issues' of FRS 102 1A to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the
instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, where there
is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis
or to realise the asset and settle the liability simultaneously.

The company's financial assets and liabilities consist of cash and cash equivalents, short term investments,
trade and other debtors, trade and other creditor, and accrued expenses. The fair value of these items
approximates their carrying value due to their short term value. Unless otherwise noted, the company is not
exposed to significant interest, foreign exchange or credit risks arising from these instruments.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2017
and 31 July 2018 62,000
AMORTISATION
At 1 August 2017 45,717
Charge for year 3,100
At 31 July 2018 48,817
NET BOOK VALUE
At 31 July 2018 13,183
At 31 July 2017 16,283

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2017
and 31 July 2018 13,106
DEPRECIATION
At 1 August 2017 12,077
Charge for year 228
At 31 July 2018 12,305
NET BOOK VALUE
At 31 July 2018 801
At 31 July 2017 1,029

CHOICES 4 U LIMITED (REGISTERED NUMBER: 04636347)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2018


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors - 2,651

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Taxation and social security 6,020 6,790
Other creditors 63,899 63,626
69,919 70,416

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs S Fullick, by virtue of her ownership of 100% of the voting share capital.