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REGISTERED NUMBER: 01962666 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

REPCHOICE LIMITED

REPCHOICE LIMITED (REGISTERED NUMBER: 01962666)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


REPCHOICE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: M Singh
Mrs S Kaur





SECRETARY: M Singh





REGISTERED OFFICE: Unit 1 Chappell Drive
Dockin Hill Road
DONCASTER
DN1 2RF





REGISTERED NUMBER: 01962666 (England and Wales)

REPCHOICE LIMITED (REGISTERED NUMBER: 01962666)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 464,777 376,789
Investment property 6 130,000 130,000
594,777 506,789

CURRENT ASSETS
Stocks 640,925 481,843
Debtors 7 180,694 146,377
Cash at bank and in hand 5,905,561 5,909,883
6,727,180 6,538,103
CREDITORS
Amounts falling due within one year 8 722,991 703,273
NET CURRENT ASSETS 6,004,189 5,834,830
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,598,966

6,341,619

PROVISIONS FOR LIABILITIES 9 47,594 29,735
NET ASSETS 6,551,372 6,311,884

CAPITAL AND RESERVES
Called up share capital 202 202
Retained earnings 6,551,170 6,311,682
SHAREHOLDERS' FUNDS 6,551,372 6,311,884

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 Board of Directors and authorised for issue on 1 September 2022 and were signed on its behalf by:





M Singh - Director


REPCHOICE LIMITED (REGISTERED NUMBER: 01962666)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

Repchoice 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 2% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

REPCHOICE LIMITED (REGISTERED NUMBER: 01962666)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

2. ACCOUNTING POLICIES - continued

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 22 (2021 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2021
and 31 March 2022 587
AMORTISATION
At 1 April 2021
and 31 March 2022 587
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 -

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2021 278,168 215,889 169,037 473,854 1,136,948
Additions - 22,948 34,537 143,103 200,588
Disposals - - - (114,680 ) (114,680 )
At 31 March 2022 278,168 238,837 203,574 502,277 1,222,856
DEPRECIATION
At 1 April 2021 65,238 203,389 157,656 333,876 760,159
Charge for year 5,564 10,604 13,051 66,569 95,788
Eliminated on disposal - - - (97,868 ) (97,868 )
At 31 March 2022 70,802 213,993 170,707 302,577 758,079
NET BOOK VALUE
At 31 March 2022 207,366 24,844 32,867 199,700 464,777
At 31 March 2021 212,930 12,500 11,381 139,978 376,789

REPCHOICE LIMITED (REGISTERED NUMBER: 01962666)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2021
and 31 March 2022 192,961
DEPRECIATION
At 1 April 2021
and 31 March 2022 62,961
NET BOOK VALUE
At 31 March 2022 130,000
At 31 March 2021 130,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 135,969 115,375
Other debtors 44,725 31,002
180,694 146,377

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 669,117 622,139
Tax 37,361 67,496
Social security and other taxes 7,429 2,961
Other creditors 2,841 2,604
Directors' current accounts 1,598 1,598
Accrued expenses 4,645 6,475
722,991 703,273

9. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 47,594 29,735

Deferred
tax
£   
Balance at 1 April 2021 29,735
Charge for the year 17,859
Balance at 31 March 2022 47,594

The deferred taxation charge is all in respect of accelerated capital allowances.


REPCHOICE LIMITED (REGISTERED NUMBER: 01962666)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Peter Mellor BA FCA (Senior Statutory Auditor)
for and on behalf of Glover & Co

11. CAPITAL COMMITMENTS
2022 2021
£    £   
Contracted but not provided for in the
financial statements 5,975 14,339

12. OTHER FINANCIAL COMMITMENTS

The company is committed to pay ground rent of £3,415 per year in respect of the leasehold property for the duration of the lease or until it re-assigns the lease to another party. At present there is 53 years left on the lease giving a current commitment of £180,995.00 (2021: £184,410.00).

13. RELATED PARTY DISCLOSURES

At the year ended 31 March 2021 the company owed the directors £1,598 (2021: £1,598). Interest is not charged on this balance.

14. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

15. ULTIMATE CONTROLLING PARTY

The company is controlled by its two directors, Mr M Singh and Mrs S Kaur, who own the whole of the company's issued share capital.