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REGISTERED NUMBER: 03187475 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

CHOICE OF NATURE LIMITED

CHOICE OF NATURE LIMITED (REGISTERED NUMBER: 03187475)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


CHOICE OF NATURE LIMITED

Company Information
for the year ended 31 December 2023







Director: M M Farah





Registered office: Regent House
316 Beulah Hill
London
SE19 3HF





Registered number: 03187475 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

Accountants' Report to the Director
on the Unaudited Financial Statements of
Choice of Nature Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Choice of Nature Limited for the year ended 31 December 2023 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Choice of Nature Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Choice of Nature Limited and state those matters that we have agreed to state to the director of Choice of Nature Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Choice of Nature Limited and its director for our work or for this report.

It is your duty to ensure that Choice of Nature Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Choice of Nature Limited. You consider that Choice of Nature Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Choice of Nature Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY


18 September 2024

CHOICE OF NATURE LIMITED (REGISTERED NUMBER: 03187475)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
Current assets
Stocks 160,769 125,129
Debtors 6 84,878 87,955
Cash at bank and in hand 10,465 6,493
256,112 219,577
Creditors
Amounts falling due within one year 7 343,935 277,817
Net current liabilities (87,823 ) (58,240 )
Total assets less current liabilities (87,823 ) (58,240 )

Capital and reserves
Called up share capital 8 100 100
Retained earnings (87,923 ) (58,340 )
Shareholders' funds (87,823 ) (58,240 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 September 2024 and were signed by:





M M Farah - Director


CHOICE OF NATURE LIMITED (REGISTERED NUMBER: 03187475)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Choice of Nature 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Development costs
Development expenditure on clearly defined projects whose outcome can be assessed with reasonable certainty is capitalised and amortised over a period not exceeding five years commencing in the year the company starts to benefit from the expenditure.

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 - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

CHOICE OF NATURE LIMITED (REGISTERED NUMBER: 03187475)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Exchange differences are taken into account in arriving at the operating result.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

4. Intangible fixed assets
Development
costs
£   
Cost
At 1 January 2023
and 31 December 2023 60,244
Amortisation
At 1 January 2023
and 31 December 2023 60,244
Net book value
At 31 December 2023 -
At 31 December 2022 -

CHOICE OF NATURE LIMITED (REGISTERED NUMBER: 03187475)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


5. Tangible fixed assets
Plant and
machinery
£   
Cost
At 1 January 2023
and 31 December 2023 790
Depreciation
At 1 January 2023
and 31 December 2023 790
Net book value
At 31 December 2023 -
At 31 December 2022 -

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 51,316 69,694
Other debtors 33,562 18,261
84,878 87,955

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 324,658 251,899
Taxation and social security 3,259 4,602
Other creditors 16,018 21,316
343,935 277,817

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100