IRIS Accounts Production v24.3.0.553 08768652 Board of Directors Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh087686522023-01-31087686522024-01-31087686522023-02-012024-01-31087686522022-01-31087686522022-02-012023-01-31087686522023-01-3108768652ns15:EnglandWales2023-02-012024-01-3108768652ns14:PoundSterling2023-02-012024-01-3108768652ns10:Director12023-02-012024-01-3108768652ns10:Director22023-02-012024-01-3108768652ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3108768652ns10:SmallEntities2023-02-012024-01-3108768652ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3108768652ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3108768652ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3108768652ns10:AbridgedAccounts2023-02-012024-01-3108768652ns10:RegisteredOffice2023-02-012024-01-3108768652ns5:CurrentFinancialInstruments2024-01-3108768652ns5:CurrentFinancialInstruments2023-01-3108768652ns5:Non-currentFinancialInstruments2024-01-3108768652ns5:Non-currentFinancialInstruments2023-01-3108768652ns5:ShareCapital2024-01-3108768652ns5:ShareCapital2023-01-3108768652ns5:RetainedEarningsAccumulatedLosses2024-01-3108768652ns5:RetainedEarningsAccumulatedLosses2023-01-3108768652ns5:PlantMachinery2023-02-012024-01-3108768652ns5:FurnitureFittings2023-02-012024-01-31
REGISTERED NUMBER: 08768652 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

FIRST CHOICE BUILDING SUPPLIES LIMITED

FIRST CHOICE BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 08768652)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


FIRST CHOICE BUILDING SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTORS: D S Lachhar
G S Lachhar





REGISTERED OFFICE: Silverdale House
Pump Lane
Hayes
Middlesex
UB3 3NE





REGISTERED NUMBER: 08768652 (England and Wales)





ACCOUNTANTS: M C Patel & Co
Chartered Accountants
Hillingdon House
386/388 Kenton Road
Kenton
Harrow
Middlesex
HA3 9DP

FIRST CHOICE BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 08768652)

ABRIDGED BALANCE SHEET
31ST JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,792,384 5,848,827

CURRENT ASSETS
Stocks 481,740 486,635
Debtors 991,943 824,936
Cash at bank 2,555,833 2,421,847
4,029,516 3,733,418
CREDITORS
Amounts falling due within one year 928,266 664,888
NET CURRENT ASSETS 3,101,250 3,068,530
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,893,634

8,917,357

CREDITORS
Amounts falling due after more than one
year

1,374,936

1,894,233
NET ASSETS 7,518,698 7,023,124

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Retained earnings 7,515,698 7,020,124
SHAREHOLDERS' FUNDS 7,518,698 7,023,124

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 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.

FIRST CHOICE BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 08768652)

ABRIDGED BALANCE SHEET - continued
31ST 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 Balance Sheet for the year ended 31st 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 Board of Directors and authorised for issue on 28th October 2024 and were signed on its behalf by:




D S Lachhar - Director



G S Lachhar - Director


FIRST CHOICE BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 08768652)

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

1. STATUTORY INFORMATION

First Choice Building Supplies 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.

Turnover
Turnover represent sale of goods, excluding value added tax.

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
Fixtures and fittings - 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 35 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st February 2023 6,397,135
Additions 23,713
At 31st January 2024 6,420,848
DEPRECIATION
At 1st February 2023 548,308
Charge for year 80,156
At 31st January 2024 628,464
NET BOOK VALUE
At 31st January 2024 5,792,384
At 31st January 2023 5,848,827