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REGISTERED NUMBER: 06077551 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 September 2023

for

First Choice Minibus Services Limited

First Choice Minibus Services Limited (Registered number: 06077551)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


First Choice Minibus Services Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: V C Duff
Mrs M J Duff





SECRETARY: Mrs M J Duff





REGISTERED OFFICE: Unit A1d, Thorpe Industrial Estate
Crabtree Road
Egham
Surrey
TW20 8RN





REGISTERED NUMBER: 06077551 (England and Wales)





ACCOUNTANTS: Villars Hayward LLP
Chartered Accountants,
Chartered Tax Advisers and Registered Auditors
Boston House
Henley-on-Thames
RG9 1DY

First Choice Minibus Services Limited (Registered number: 06077551)

Balance Sheet
30 September 2023

30.9.23 30.9.22
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,524,726 1,539,787
1,524,726 1,539,787

CURRENT ASSETS
Debtors 6 656,957 549,691
Cash at bank 8,124 107,018
665,081 656,709
CREDITORS
Amounts falling due within one year 7 712,562 598,467
NET CURRENT (LIABILITIES)/ASSETS (47,481 ) 58,242
TOTAL ASSETS LESS CURRENT LIABILITIES 1,477,245 1,598,029

CREDITORS
Amounts falling due after more than one year 8 (280,662 ) (341,875 )

PROVISIONS FOR LIABILITIES (247,932 ) (258,218 )
NET ASSETS 948,651 997,936

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 9 186,194 355,572
Retained earnings 762,455 642,362
948,651 997,936

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Minibus Services Limited (Registered number: 06077551)

Balance Sheet - continued
30 September 2023


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 29 January 2024 and were signed on its behalf by:




V C Duff - Director



Mrs M J Duff - Director


First Choice Minibus Services Limited (Registered number: 06077551)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

First Choice Minibus Services 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 as modified by the revaluation of certain assets.

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.

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 etc - 25% on reducing balance and 10% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2022 - 28 ) .

First Choice Minibus Services Limited (Registered number: 06077551)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 73,600
AMORTISATION
At 1 October 2022
and 30 September 2023 73,600
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 October 2022 13,561 1,704,937 24,737 1,743,235
Additions - 338,850 536 339,386
Disposals - (71,500 ) - (71,500 )
Revaluations - (129,870 ) - (129,870 )
At 30 September 2023 13,561 1,842,417 25,273 1,881,251
DEPRECIATION
At 1 October 2022 12,682 170,493 20,273 203,448
Charge for year 440 159,402 385 160,227
Eliminated on disposal - (7,150 ) - (7,150 )
At 30 September 2023 13,122 322,745 20,658 356,525
NET BOOK VALUE
At 30 September 2023 439 1,519,672 4,615 1,524,726
At 30 September 2022 879 1,534,444 4,464 1,539,787

Cost or valuation at 30 September 2023 is represented by:

Plant and
machinery
etc
£   
Valuation in 2023 (129,870 )
Cost 2,011,121
1,881,251

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
as restated
£    £   
Trade debtors 129,264 210,069
Other debtors 527,693 339,622
656,957 549,691

First Choice Minibus Services Limited (Registered number: 06077551)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
as restated
£    £   
Bank loans and overdrafts 31,698 42,000
Hire purchase contracts 230,035 221,379
Trade creditors 16,462 24,196
Taxation and social security 204,593 161,388
Other creditors 229,774 149,504
712,562 598,467

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
as restated
£    £   
Bank loans 115,124 136,521
Hire purchase contracts 165,538 205,354
280,662 341,875

9. RESERVES
Revaluation
reserve
£   
At 1 October 2022 355,572
Revaluation adjustment to
prior period (129,870 )
Depreciation on revalued assets (39,508 )

At 30 September 2023 186,194

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

30.9.23 30.9.22
as restated
£    £   
Mrs M J Duff and V C Duff
Balance outstanding at start of year 232,778 (947 )
Amounts advanced 112,943 233,725
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 345,721 232,778