IRIS Accounts Production v22.1.4.3 04281788 Board of Directors 1.1.21 31.12.21 31.12.21 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure042817882020-12-31042817882021-12-31042817882021-01-012021-12-31042817882019-12-31042817882020-01-012020-12-31042817882020-12-3104281788ns16:EnglandWales2021-01-012021-12-3104281788ns15:PoundSterling2021-01-012021-12-3104281788ns11:Director12021-01-012021-12-3104281788ns11:PrivateLimitedCompanyLtd2021-01-012021-12-3104281788ns11:SmallEntities2021-01-012021-12-3104281788ns11:AuditExempt-NoAccountantsReport2021-01-012021-12-3104281788ns11:SmallCompaniesRegimeForDirectorsReport2021-01-012021-12-3104281788ns11:SmallCompaniesRegimeForAccounts2021-01-012021-12-3104281788ns11:FullAccounts2021-01-012021-12-3104281788ns11:Director22021-01-012021-12-3104281788ns11:CompanySecretary12021-01-012021-12-3104281788ns11:RegisteredOffice2021-01-012021-12-3104281788ns6:CurrentFinancialInstruments2021-12-3104281788ns6:CurrentFinancialInstruments2020-12-3104281788ns6:Non-currentFinancialInstruments2021-12-3104281788ns6:Non-currentFinancialInstruments2020-12-3104281788ns6:ShareCapital2021-12-3104281788ns6:ShareCapital2020-12-3104281788ns6:RetainedEarningsAccumulatedLosses2021-12-3104281788ns6:RetainedEarningsAccumulatedLosses2020-12-3104281788ns6:PlantMachinery2021-01-012021-12-3104281788ns6:MotorVehicles2021-01-012021-12-3104281788ns6:PlantMachinery2020-12-3104281788ns6:MotorVehicles2020-12-3104281788ns6:PlantMachinery2021-12-3104281788ns6:MotorVehicles2021-12-3104281788ns6:PlantMachinery2020-12-3104281788ns6:MotorVehicles2020-12-3104281788ns6:WithinOneYearns6:CurrentFinancialInstruments2021-12-3104281788ns6:WithinOneYearns6:CurrentFinancialInstruments2020-12-3104281788ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2021-12-3104281788ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2020-12-31
REGISTERED NUMBER: 04281788 (England and Wales)



















Financial Statements

for the Year Ended 31 December 2021

for

Choicestream Limited

Choicestream Limited (Registered number: 04281788)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Choicestream Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: G J Supple
T S Supple





SECRETARY: Mrs A J Supple





REGISTERED OFFICE: 20 Victoria Way
Pride Park
Derby
DE24 8AN





REGISTERED NUMBER: 04281788 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Choicestream Limited (Registered number: 04281788)

Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,617 31,431

CURRENT ASSETS
Debtors 5 8,200 32,205
Cash at bank 4,226 27,155
12,426 59,360
CREDITORS
Amounts falling due within one year 6 18,085 40,799
NET CURRENT (LIABILITIES)/ASSETS (5,659 ) 18,561
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,958

49,992

CREDITORS
Amounts falling due after more than one
year

7

27,391

63,850
NET LIABILITIES (12,433 ) (13,858 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (12,435 ) (13,860 )
SHAREHOLDERS' FUNDS (12,433 ) (13,858 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Choicestream Limited (Registered number: 04281788)

Balance Sheet - continued
31 December 2021


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 June 2022 and were signed on its behalf by:





G J Supple - Director


Choicestream Limited (Registered number: 04281788)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Choicestream 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, valued added tax and other sales taxes.

Turnover is recognised in the period in which goods are provided to the customer or in the case of commission at the date the commission becomes due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Motor vehicles - 25% on reducing balance

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

Choicestream Limited (Registered number: 04281788)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2021
and 31 December 2021 10,851 54,014 64,865
DEPRECIATION
At 1 January 2021 9,802 23,632 33,434
Charge for year 686 10,128 10,814
At 31 December 2021 10,488 33,760 44,248
NET BOOK VALUE
At 31 December 2021 363 20,254 20,617
At 31 December 2020 1,049 30,382 31,431

5. DEBTORS
2021 2020
£    £   
Amounts falling due within one year:
Other debtors - 305
Prepayments and accrued income - 25,000
- 25,305

Amounts falling due after more than one year:
Deferred tax 8,200 6,900

Aggregate amounts 8,200 32,205

Deferred tax asset20212020
££

Depreciation in excess of capital allowances8,2006,900

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Hire purchase contracts 4,620 3,675
Trade creditors - 36
Tax 1,612 1,372
Social security and other taxes 5,138 -
Amounts owed to group undertakings 5,416 8,767
Accruals and deferred income 1,299 26,949
18,085 40,799

Choicestream Limited (Registered number: 04281788)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans - 31,839
Hire purchase contracts 27,391 32,011
27,391 63,850

8. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Hire purchase contracts 32,011 35,686