Registered number
11048258
1ST CHOICE FRUITS LTD
Filleted Accounts
30 November 2022
1ST CHOICE FRUITS LTD
Registered number: 11048258
Balance Sheet
as at 30 November 2022
Notes 2022 2021
£ £
Current assets
Debtors 3 3,021 -
Cash at bank and in hand 2,077 4,095
5,098 4,095
Creditors: amounts falling due within one year 4 (4,704) (4,055)
Net current assets 394 40
Net assets 394 40
Capital and reserves
Called up share capital 1 1
Profit and loss account 393 39
Shareholders' funds 394 40
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Yocheved Glausiusz
Director
Approved by the board on 27 November 2023
1ST CHOICE FRUITS LTD
Notes to the Accounts
for the year ended 30 November 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2022 2021
£ £
Other debtors 3,021 -
4 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 150 150
Taxation and social security costs 4,224 4,132
Other creditors 330 (227)
4,704 4,055
5 Other information
1ST CHOICE FRUITS LTD is a private company limited by shares and incorporated in England. Its registered office is:
158 Cromwell Road
Salford
M6 6DE
1ST CHOICE FRUITS LTD 11048258 false 2021-12-01 2022-11-30 2022-11-30 VT Final Accounts October 2023 release 2 Yocheved Glausiusz No description of principal activity 11048258 2020-12-01 2021-11-30 11048258 core:WithinOneYear 2021-11-30 11048258 core:ShareCapital 2021-11-30 11048258 core:RetainedEarningsAccumulatedLosses 2021-11-30 11048258 2021-12-01 2022-11-30 11048258 bus:PrivateLimitedCompanyLtd 2021-12-01 2022-11-30 11048258 bus:AuditExempt-NoAccountantsReport 2021-12-01 2022-11-30 11048258 bus:Director40 2021-12-01 2022-11-30 11048258 2 2021-12-01 2022-11-30 11048258 countries:England 2021-12-01 2022-11-30 11048258 bus:FRS102 2021-12-01 2022-11-30 11048258 bus:FullAccounts 2021-12-01 2022-11-30 11048258 2022-11-30 11048258 core:WithinOneYear 2022-11-30 11048258 core:ShareCapital 2022-11-30 11048258 core:RetainedEarningsAccumulatedLosses 2022-11-30 11048258 2021-11-30 iso4217:GBP xbrli:pure