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Company Registration No. 14256990 (England and Wales)
CHOICE UTILITY LTD Unaudited accounts for the year ended 31 July 2024
CHOICE UTILITY LTD Unaudited accounts Contents
Page
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CHOICE UTILITY LTD Company Information for the year ended 31 July 2024
Director
Daniel Molloy
Company Number
14256990 (England and Wales)
Registered Office
The Old Chapel Off Chester Street Brampton CHESTERFIELD Derbyshire S40 1DN ENGLAND
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CHOICE UTILITY LTD Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
510 
680 
Current assets
Debtors
27,267 
34,018 
Cash at bank and in hand
117 
13,127 
27,384 
47,145 
Net current assets
27,384 
47,145 
Total assets less current liabilities
27,894 
47,825 
Creditors: amounts falling due after more than one year
(79,083)
(65,310)
Net liabilities
(51,189)
(17,485)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(51,289)
(17,585)
Shareholders' funds
(51,189)
(17,485)
For the year ending 31 July 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 August 2024 and were signed on its behalf by
Daniel Molloy Director Company Registration No. 14256990
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CHOICE UTILITY LTD Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
CHOICE UTILITY LTD is a private company, limited by shares, registered in England and Wales, registration number 14256990. The registered office is The Old Chapel Off Chester Street, Brampton, CHESTERFIELD, Derbyshire, S40 1DN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20%
Computer equipment
20%
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
205 
645 
850 
At 31 July 2024
205 
645 
850 
Depreciation
At 1 August 2023
41 
129 
170 
Charge for the year
41 
129 
170 
At 31 July 2024
82 
258 
340 
Net book value
At 31 July 2024
123 
387 
510 
At 31 July 2023
164 
516 
680 
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CHOICE UTILITY LTD Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
775 
7,268 
Amounts falling due after more than one year
Trade debtors
26,492 
26,750 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,909 
- 
Other creditors
50,000 
50,000 
Loans from directors
20,174 
15,310 
79,083 
65,310 
7
Average number of employees
During the year the average number of employees was 1 (2023: 0).
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