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REGISTERED NUMBER: 08768652 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2023

FOR

FIRST CHOICE BUILDING SUPPLIES LIMITED

FIRST CHOICE BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 08768652)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


FIRST CHOICE BUILDING SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2023







DIRECTORS: D S Lachhar
G S Lachhar





REGISTERED OFFICE: Silverdale House
Pump Lane
Hayes
Middlesex
UB3 3NE





REGISTERED NUMBER: 08768652 (England and Wales)





ACCOUNTANTS: M C Patel & Co
Chartered Accountants
Hillingdon House
386/388 Kenton Road
Kenton
Harrow
Middlesex
HA3 9DP

FIRST CHOICE BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 08768652)

ABRIDGED BALANCE SHEET
31ST JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,848,827 5,841,883

CURRENT ASSETS
Stocks 486,635 679,340
Debtors 824,936 832,210
Cash at bank 2,421,847 2,093,851
3,733,418 3,605,401
CREDITORS
Amounts falling due within one year 664,888 778,584
NET CURRENT ASSETS 3,068,530 2,826,817
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,917,357

8,668,700

CREDITORS
Amounts falling due after more than one
year

1,894,233

2,393,353
NET ASSETS 7,023,124 6,275,347

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Retained earnings 7,020,124 6,272,347
SHAREHOLDERS' FUNDS 7,023,124 6,275,347

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2023 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.

FIRST CHOICE BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 08768652)

ABRIDGED BALANCE SHEET - continued
31ST JANUARY 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st January 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 23rd October 2023 and were signed on its behalf by:




D S Lachhar - Director



G S Lachhar - Director


FIRST CHOICE BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 08768652)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023

1. STATUTORY INFORMATION

First Choice Building Supplies 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 represent sale of goods, excluding value added tax.

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 - 25% on cost
Fixtures and fittings - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2022 - 34 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st February 2022 6,295,271
Additions 101,864
At 31st January 2023 6,397,135
DEPRECIATION
At 1st February 2022 453,388
Charge for year 94,920
At 31st January 2023 548,308
NET BOOK VALUE
At 31st January 2023 5,848,827
At 31st January 2022 5,841,883