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REGISTERED NUMBER: 09613335 (England and Wales)















NO CHOICE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






NO CHOICE LIMITED (REGISTERED NUMBER: 09613335)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


NO CHOICE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Mrs D J Still
Mr M W Still
Mr O Still
Mr J A Still





REGISTERED OFFICE: 1st Floor Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ





REGISTERED NUMBER: 09613335 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

NO CHOICE LIMITED (REGISTERED NUMBER: 09613335)

STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 121,395 140,094

CURRENT ASSETS
Stocks 20,923 5,673
Debtors 5 163,138 142,198
Cash at bank and in hand 177,279 84,582
361,340 232,453
CREDITORS
Amounts falling due within one year 6 277,698 150,609
NET CURRENT ASSETS 83,642 81,844
TOTAL ASSETS LESS CURRENT LIABILITIES 205,037 221,938

CREDITORS
Amounts falling due after more than one year 7 38,696 57,879
NET ASSETS 166,341 164,059

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 166,241 163,959
SHAREHOLDERS' FUNDS 166,341 164,059

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th September 2024 and were signed on its behalf by:



Mrs D J Still - Director


NO CHOICE LIMITED (REGISTERED NUMBER: 09613335)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

No Choice 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Over 20 years
Plant and machinery - 20% straight line on cost
Fixtures and fittings - 20% straight line on cost
Motor vehicles - 33.33% straight line 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2022 - 30 ) .

NO CHOICE LIMITED (REGISTERED NUMBER: 09613335)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st January 2023 150,186 99,537 9,882 18,000 277,605
Additions - 5,248 263 - 5,511
Disposals (3,371 ) - - - (3,371 )
At 31st December 2023 146,815 104,785 10,145 18,000 279,745
DEPRECIATION
At 1st January 2023 44,408 78,304 9,299 5,500 137,511
Charge for year 7,341 7,814 372 6,000 21,527
Eliminated on disposal (688 ) - - - (688 )
At 31st December 2023 51,061 86,118 9,671 11,500 158,350
NET BOOK VALUE
At 31st December 2023 95,754 18,667 474 6,500 121,395
At 31st December 2022 105,778 21,233 583 12,500 140,094

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 27,460 3,862
Amounts owed by group undertakings 125,894 -
Other debtors 9,784 138,336
163,138 142,198

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 20,688 22,008
Trade creditors 33,849 22,057
Amounts owed to group undertakings 114,725 -
Taxation and social security 56,683 63,097
Other creditors 51,753 43,447
277,698 150,609

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 38,696 57,879