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REGISTERED NUMBER: 02714310 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

PRIME CHOICE LIMITED

PRIME CHOICE LIMITED (REGISTERED NUMBER: 02714310)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PRIME CHOICE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: M Ghile
A M Ghile





SECRETARY: M Ghile





REGISTERED OFFICE: 155 Wellingborough Road
RUSHDEN
Northamptonshire
NN10 9TB





REGISTERED NUMBER: 02714310 (England and Wales)





ACCOUNTANT: Elsby & Co
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB

PRIME CHOICE LIMITED (REGISTERED NUMBER: 02714310)

STATEMENT OF FINANCIAL POSITION
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,182 7,723
6,182 7,723

CURRENT ASSETS
Debtors 6 71,790 74,984
Cash at bank and in hand 790,183 748,752
861,973 823,736
CREDITORS
Amounts falling due within one year 7 653,089 632,767
NET CURRENT ASSETS 208,884 190,969
TOTAL ASSETS LESS CURRENT LIABILITIES 215,066 198,692

CREDITORS
Amounts falling due after more than one
year

8

7,501

16,668
NET ASSETS 207,565 182,024

CAPITAL AND RESERVES
Called up share capital 10 4,000 4,000
Retained earnings 203,565 178,024
SHAREHOLDERS' FUNDS 207,565 182,024

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

PRIME CHOICE LIMITED (REGISTERED NUMBER: 02714310)

STATEMENT OF FINANCIAL POSITION - continued
30TH SEPTEMBER 2024


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 30th October 2024 and were signed on its behalf by:





M Ghile - Director


PRIME CHOICE LIMITED (REGISTERED NUMBER: 02714310)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

1. STATUTORY INFORMATION

Prime 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.

Turnover
The company`s turnover represents the value, excluding value added tax, of goods and services supplied to customers during the year.

Goodwill
Goodwill is now fully amortised.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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

The average number of employees during the year was 11 (2023 - 10 ) .

PRIME CHOICE LIMITED (REGISTERED NUMBER: 02714310)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st October 2023
and 30th September 2024 70,000
AMORTISATION
At 1st October 2023
and 30th September 2024 70,000
NET BOOK VALUE
At 30th September 2024 -
At 30th September 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st October 2023 60,980 18,166 79,146
Additions 519 - 519
At 30th September 2024 61,499 18,166 79,665
DEPRECIATION
At 1st October 2023 57,130 14,293 71,423
Charge for year 1,092 968 2,060
At 30th September 2024 58,222 15,261 73,483
NET BOOK VALUE
At 30th September 2024 3,277 2,905 6,182
At 30th September 2023 3,850 3,873 7,723

The net book value of tangible fixed assets amounts to £0 (2022 - £8379) in respect of assets held under hire purchase contracts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 48
Other debtors 71,790 74,936
71,790 74,984

PRIME CHOICE LIMITED (REGISTERED NUMBER: 02714310)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,167 10,000
Trade creditors 11,785 11,038
Taxation and social security 64,930 40,828
Other creditors 567,207 570,901
653,089 632,767

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 7,501 16,668

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   

The hire purchase debt is secured against the vehicles to which it relates.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
600 "B" £1 600 600

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
3,400 Share capital 2 £1 3,400 3,400