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REGISTERED NUMBER: 05347111















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

First Choice (Business) Accountancy Ltd

First Choice (Business) Accountancy Ltd (Registered number: 05347111)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

First Choice (Business) Accountancy Ltd

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: M Harvey





REGISTERED OFFICE: 198 Leesons Hill
Chislehurst
Kent
BR7 6QH





REGISTERED NUMBER: 05347111





ACCOUNTANTS: F C Gillmore & Co Limited
198 Leesons Hill
Chislehurst
Kent
BR7 6QH

First Choice (Business) Accountancy Ltd (Registered number: 05347111)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 330,696 336,885
Investments 5 - 100
330,696 336,985

CURRENT ASSETS
Debtors 6 16,142 17,371
Cash at bank and in hand 17,939 2,391
34,081 19,762
CREDITORS
Amounts falling due within one
year

7

117,341

102,739
NET CURRENT LIABILITIES (83,260 ) (82,977 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

247,436

254,008

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 247,336 253,908
SHAREHOLDERS' FUNDS 247,436 254,008

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 October 2024 and were signed by:





M Harvey - Director


First Choice (Business) Accountancy Ltd (Registered number: 05347111)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

First Choice (Business) Accountancy Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost

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 1 (2023 - 1 ) .

First Choice (Business) Accountancy Ltd (Registered number: 05347111)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 442,090 45,535 487,625
DEPRECIATION
At 1 February 2023 105,214 45,526 150,740
Charge for year 6,189 - 6,189
At 31 January 2024 111,403 45,526 156,929
NET BOOK VALUE
At 31 January 2024 330,687 9 330,696
At 31 January 2023 336,876 9 336,885

Included in cost of land and buildings is freehold land of £ 132,627 (2023 - £ 132,627 ) which is not depreciated.

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2023 100
Disposals (100 )
At 31 January 2024 -
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 9,077 10,600
Amounts owed by group undertakings 2,394 1,500
Other debtors 4,671 5,271
16,142 17,371

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 34,081 18,101
Amounts owed to group undertakings 13,114 13,114
Taxation and social security 4,567 3,977
Other creditors 65,579 67,547
117,341 102,739

First Choice (Business) Accountancy Ltd (Registered number: 05347111)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. RELATED PARTY DISCLOSURES

During the year Management Charges totalling £32000 were (2023- £12000\
were paid to First Choice Limited which is a company controlled by the
director Mr M Harvey.

Controlling Party
During the two years ended 31st January 2023 the director Mr M Harvey
controlled the Company by virtue of a controlling interest of 65%
of the Issued Share Capital.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
FIRST CHOICE (BUSINESS) ACCOUNTANCY LTD

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 First Choice (Business) Accountancy Ltd for the year ended 31 January 2024 which comprise the Income Statement, 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 First Choice (Business) Accountancy Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of First Choice (Business) Accountancy Ltd and state those matters that we have agreed to state to the director of First Choice (Business) Accountancy Ltd 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 First Choice (Business) Accountancy Ltd and its director for our work or for this report.

It is your duty to ensure that First Choice (Business) Accountancy Ltd 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 First Choice (Business) Accountancy Ltd. You consider that First Choice (Business) Accountancy Ltd 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 First Choice (Business) Accountancy Ltd. 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.






F C Gillmore & Co Limited
198 Leesons Hill
Chislehurst
Kent
BR7 6QH


22 October 2024