W CHOICE LTD

Company Registration Number:
12284760 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

W CHOICE LTD

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Notes

W CHOICE LTD

Balance sheet

As at 31 October 2023


Notes

2023

2022


£

£
Current assets
Stocks: 213,860 63,800
Debtors:   155,388 47,603
Cash at bank and in hand: 53,970 103,918
Total current assets: 423,218 215,321
Creditors: amounts falling due within one year:   (350,301) (140,488)
Net current assets (liabilities): 72,917 74,833
Total assets less current liabilities: 72,917 74,833
Creditors: amounts falling due after more than one year:   (68,068) (74,278)
Total net assets (liabilities): 4,849 555
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 4,839 545
Shareholders funds: 4,849 555

The notes form part of these financial statements

W CHOICE LTD

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 July 2024
and signed on behalf of the board by:

Name: Sharif Morad
Status: Director

The notes form part of these financial statements

W CHOICE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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.

Valuation and information policy

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Other accounting policies

A current tax liability is recognised for the tax payable on the taxable profit of the current period. The company's liability for current tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

W CHOICE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

2. Employees

2023 2022
Average number of employees during the period 1 1

W CHOICE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Loans to directors

Name of director receiving advance or credit: Sharif Morad
Description of the loan: Loan to Director
£
Balance at 01 November 2022 29,769
Advances or credits made: 71,542
Balance at 31 October 2023 101,311

W CHOICE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Related party transactions

Name of the related party: Sharif Morad
Relationship:
Director
Description of the Transaction: During the year, the company advanced an unsecured loan of £71,542 to a director of the company. The loan was repaid before 9 months and one day. The full amount is outstanding at the year end and included in Current Assets.
£
Balance at 01 November 2022 29,769
Balance at 31 October 2023 101,311