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REGISTERED NUMBER: 06236702 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Choiceability Ltd

Choiceability Ltd (Registered number: 06236702)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Choiceability Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: C J Carrington
S Carrington





REGISTERED OFFICE: 10 Portland Business Centre
Manor House Lane
Datchet
Berkshire
SL3 9EG





REGISTERED NUMBER: 06236702 (England and Wales)





ACCOUNTANTS: R A McLeod and Co
Chartered Accountants
10 Portland Business Centre
Manor House Lane
Datchet
Berkshire
SL3 9EG

Choiceability Ltd (Registered number: 06236702)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,506 1,728
Investments 5 157,934 160,777
159,440 162,505

CURRENT ASSETS
Cash at bank 86,122 84,773

CREDITORS
Amounts falling due within one year 6 4,043 2,280
NET CURRENT ASSETS 82,079 82,493
TOTAL ASSETS LESS CURRENT
LIABILITIES

241,519

244,998

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 240,519 243,998
SHAREHOLDERS' FUNDS 241,519 244,998

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

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

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 12 February 2024 and were signed on its behalf by:





S Carrington - Director


Choiceability Ltd (Registered number: 06236702)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Choiceability Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Choiceability Ltd (Registered number: 06236702)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 4,860 11,414 16,274
DEPRECIATION
At 1 June 2022 3,732 10,814 14,546
Charge for year 24 198 222
At 31 May 2023 3,756 11,012 14,768
NET BOOK VALUE
At 31 May 2023 1,104 402 1,506
At 31 May 2022 1,128 600 1,728

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 June 2022 160,777
Additions 20,979
Disposals (16,892 )
Revaluations (6,930 )
At 31 May 2023 157,934
NET BOOK VALUE
At 31 May 2023 157,934
At 31 May 2022 160,777


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other creditors 4,043 2,280

7. FIXED ASSET INVESTMENTS

The company has a portfolio of quoted investments valued at market value