Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312023-05-032022-04-01falsetrueNo description of principal activity11true 10826247 2022-04-01 2023-03-31 10826247 2021-04-01 2022-03-31 10826247 2023-03-31 10826247 2022-03-31 10826247 c:Director1 2022-04-01 2023-03-31 10826247 d:FurnitureFittings 2022-04-01 2023-03-31 10826247 d:FurnitureFittings 2023-03-31 10826247 d:FurnitureFittings 2022-03-31 10826247 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 10826247 d:CurrentFinancialInstruments 2023-03-31 10826247 d:CurrentFinancialInstruments 2022-03-31 10826247 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10826247 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 10826247 d:ShareCapital 2023-03-31 10826247 d:ShareCapital 2022-03-31 10826247 d:RetainedEarningsAccumulatedLosses 2023-03-31 10826247 d:RetainedEarningsAccumulatedLosses 2022-03-31 10826247 c:EntityHasNeverTraded 2022-04-01 2023-03-31 10826247 c:FRS102 2022-04-01 2023-03-31 10826247 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 10826247 c:FullAccounts 2022-04-01 2023-03-31 10826247 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 10826247









FIRST CHOICE HOME MAINTENANCE LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
FIRST CHOICE HOME MAINTENANCE LTD
REGISTERED NUMBER: 10826247

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 3 
1
108

  
1
108

Current assets
  

Stocks
  
5,296
5,296

Debtors: amounts falling due within one year
 4 
20,000
20,000

Cash at bank and in hand
 5 
-
1,039

  
25,296
26,335

Creditors: amounts falling due within one year
 6 
(30,790)
(28,648)

Net current liabilities
  
 
 
(5,494)
 
 
(2,313)

Total assets less current liabilities
  
(5,493)
(2,205)

  

Net liabilities
  
(5,493)
(2,205)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(5,593)
(2,305)

  
(5,493)
(2,205)


For the year ended 31 March 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 May 2023.
Page 1

 
FIRST CHOICE HOME MAINTENANCE LTD
REGISTERED NUMBER: 10826247
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023





Rebecca Clark
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
FIRST CHOICE HOME MAINTENANCE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
1.2

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
1.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
1.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 3

 
FIRST CHOICE HOME MAINTENANCE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.Accounting policies (continued)

 
1.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


2.


General information

First Choice Home Maintenance Limited is a private company limited by shares, registered in the United Kingdom number 10826247. Its registered office is Unit 9, Fordhouse Industrial Estate, Steel Drive, Wolverhampton, WV10 9XA


3.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 April 2022
1,071



At 31 March 2023

1,071



Depreciation


At 1 April 2022
963


Charge for the year on owned assets
107



At 31 March 2023

1,070



Net book value



At 31 March 2023
1



At 31 March 2022
108


4.


Debtors

Page 4

 
FIRST CHOICE HOME MAINTENANCE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
2023
2022
£
£


Amounts owed by group undertakings
20,000
20,000

20,000
20,000



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
-
1,039

Less: bank overdrafts
(678)
-

(678)
1,039



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
678
-

Trade creditors
1,314
-

Corporation tax
813
783

Other taxation and social security
1,178
1,178

Other creditors
25,487
25,487

Accruals and deferred income
1,320
1,200

30,790
28,648


 
Page 5