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REGISTERED NUMBER: 01962666 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

REPCHOICE LIMITED

REPCHOICE LIMITED (REGISTERED NUMBER: 01962666)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


REPCHOICE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: M Singh





SECRETARY: G 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 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 396,591 464,777
Investment property 6 - 130,000
396,591 594,777

CURRENT ASSETS
Stocks 685,489 640,925
Debtors 7 250,699 180,694
Cash at bank and in hand 6,562,366 5,905,561
7,498,554 6,727,180
CREDITORS
Amounts falling due within one year 8 955,008 722,991
NET CURRENT ASSETS 6,543,546 6,004,189
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,940,137

6,598,966

PROVISIONS FOR LIABILITIES 9 35,775 47,594
NET ASSETS 6,904,362 6,551,372

CAPITAL AND RESERVES
Called up share capital 202 202
Retained earnings 6,904,160 6,551,170
SHAREHOLDERS' FUNDS 6,904,362 6,551,372

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 director and authorised for issue on 12 October 2023 and were signed by:





M Singh - Director


REPCHOICE LIMITED (REGISTERED NUMBER: 01962666)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

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.


REPCHOICE LIMITED (REGISTERED NUMBER: 01962666)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued
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.

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 (2022 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 587
AMORTISATION
At 1 April 2022
and 31 March 2023 587
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

REPCHOICE LIMITED (REGISTERED NUMBER: 01962666)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2022 278,168 238,837 203,574 502,277 1,222,856
Additions - - 13,957 - 13,957
At 31 March 2023 278,168 238,837 217,531 502,277 1,236,813
DEPRECIATION
At 1 April 2022 70,802 213,993 170,707 302,577 758,079
Charge for year 5,563 10,052 16,533 49,995 82,143
At 31 March 2023 76,365 224,045 187,240 352,572 840,222
NET BOOK VALUE
At 31 March 2023 201,803 14,792 30,291 149,705 396,591
At 31 March 2022 207,366 24,844 32,867 199,700 464,777

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 192,961
Disposals (130,000 )
At 31 March 2023 62,961
DEPRECIATION
At 1 April 2022
and 31 March 2023 62,961
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 130,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 145,975 135,969
Other debtors 104,724 44,725
250,699 180,694

REPCHOICE LIMITED (REGISTERED NUMBER: 01962666)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 837,522 669,117
Tax 103,758 37,361
Social security and other taxes 7,230 7,429
Other creditors 1,298 2,841
Directors' current accounts - 1,598
Accrued expenses 5,200 4,645
955,008 722,991

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 35,775 47,594

Deferred
tax
£   
Balance at 1 April 2022 47,594
Charge for the year (11,819 )
Balance at 31 March 2023 35,775

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


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
2023 2022
£    £   
Contracted but not provided for in the
financial statements 34,067 5,975

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 52 years left on the lease giving a current commitment of £177,580.00 (2021: £180,995.00).

13. RELATED PARTY DISCLOSURES

At the year ended 31 March 2023 the director owed the company £91,735 (2022: the company owed the director £1,598). Interest is charged on the overdrawn balance.

REPCHOICE LIMITED (REGISTERED NUMBER: 01962666)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

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 director, Mr M Singh who owns the whole of the company's issued share capital.