IRIS Accounts Production v24.3.0.553 07436246 director 1.2.23 31.1.24 31.1.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074362462023-01-31074362462024-01-31074362462023-02-012024-01-31074362462022-01-31074362462022-02-012023-01-31074362462023-01-3107436246ns15:EnglandWales2023-02-012024-01-3107436246ns14:PoundSterling2023-02-012024-01-3107436246ns10:Director12023-02-012024-01-3107436246ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3107436246ns10:SmallEntities2023-02-012024-01-3107436246ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3107436246ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3107436246ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3107436246ns10:AbridgedAccounts2023-02-012024-01-310743624612023-02-012024-01-3107436246ns10:OrdinaryShareClass12023-02-012024-01-3107436246ns10:RegisteredOffice2023-02-012024-01-3107436246ns5:CurrentFinancialInstruments2024-01-3107436246ns5:CurrentFinancialInstruments2023-01-3107436246ns5:Non-currentFinancialInstruments2024-01-3107436246ns5:Non-currentFinancialInstruments2023-01-3107436246ns5:ShareCapital2024-01-3107436246ns5:ShareCapital2023-01-3107436246ns5:RetainedEarningsAccumulatedLosses2024-01-3107436246ns5:RetainedEarningsAccumulatedLosses2023-01-3107436246ns5:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3107436246ns5:PatentsTrademarksLicencesConcessionsSimilar2023-02-012024-01-3107436246ns5:FurnitureFittings2023-02-012024-01-3107436246ns5:ComputerEquipment2023-02-012024-01-3107436246ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3107436246ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3107436246ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-01-3107436246ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-01-3107436246ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-01-3107436246ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-01-3107436246ns10:OrdinaryShareClass12024-01-31
REGISTERED NUMBER: 07436246 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Best Choice Corporation Limited

Best Choice Corporation Limited (Registered number: 07436246)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Best Choice Corporation Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: M J Allsopp





REGISTERED OFFICE: 14 The Oaks
Clews Road
Redditch
Worcestershire
B98 7ST





REGISTERED NUMBER: 07436246 (England and Wales)





ACCOUNTANTS: Davies Archytas Accountants Ltd
14 The Oaks
Clews Road
Redditch
Worcestershire
B98 7ST

Best Choice Corporation Limited (Registered number: 07436246)

Abridged Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 2,860
Tangible assets 5 1,389 960
1,389 3,820

CURRENT ASSETS
Debtors 36,974 33,895
Cash at bank 849 921
37,823 34,816
CREDITORS
Amounts falling due within one year 367,273 342,955
NET CURRENT LIABILITIES (329,450 ) (308,139 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(328,061

)

(304,319

)

CREDITORS
Amounts falling due after more than one year 6 14,117 16,042
NET LIABILITIES (342,178 ) (320,361 )

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings (342,180 ) (320,363 )
SHAREHOLDERS' FUNDS (342,178 ) (320,361 )

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.

Best Choice Corporation Limited (Registered number: 07436246)

Abridged Statement of Financial Position - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 12 July 2024 and were signed by:





M J Allsopp - Director


Best Choice Corporation Limited (Registered number: 07436246)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Best Choice Corporation 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchises are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Best Choice Corporation Limited (Registered number: 07436246)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023
and 31 January 2024 33,221
AMORTISATION
At 1 February 2023 30,361
Amortisation for year 2,860
At 31 January 2024 33,221
NET BOOK VALUE

At 31 January 2024 -
At 31 January 2023 2,860

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 5,022
Additions 675
At 31 January 2024 5,697
DEPRECIATION
At 1 February 2023 4,062
Charge for year 246
At 31 January 2024 4,308
NET BOOK VALUE
At 31 January 2024 1,389
At 31 January 2023 960

Best Choice Corporation Limited (Registered number: 07436246)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.1.24 31.1.23
£    £   
Repayable by instalments
Banks loans more than 5 years
by instalments 6,417 8,342
6,417 8,342

7. LOANS

An analysis of the maturity of loans is given below:

31.1.24 31.1.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 1,925 1,925

Amounts falling due between one and two years:
Bank loans - 1-2 years 1,925 1,925

Amounts falling due between two and five years:
Bank loans - 2-5 years 5,775 5,775

Amounts falling due in more than five years:

Repayable by instalments
Banks loans more than 5 years
by instalments 6,417 8,342
6,417 8,342

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
2 Ordinary £1 2 2

9. ULTIMATE CONTROLLING PARTY

During the year the ultimate controlling party was the director by virtue of his 100% ownership of the issued share capital in the company.