1 June 2023 false No description of principal activity Taxfiler 2024.6 10400059business:PrivateLimitedCompanyLtd2023-06-012024-05-31 104000592023-05-31 104000592023-06-012024-05-31 10400059business:AuditExempt-NoAccountantsReport2023-06-012024-05-31 10400059business:FilletedAccounts2023-06-012024-05-31 104000592024-05-31 10400059business:Director12023-06-012024-05-31 10400059business:RegisteredOffice2023-06-012024-05-31 104000592023-05-31 10400059core:WithinOneYear2024-05-31 10400059core:WithinOneYear2023-05-31 10400059core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 10400059core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 10400059core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 10400059core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 10400059core:PreviouslyStatedAmount2024-05-31 10400059core:PreviouslyStatedAmount2023-05-31 10400059business:SmallEntities2023-06-012024-05-31 10400059countries:EnglandWales2023-06-012024-05-31 10400059core:ComputerEquipment2023-06-012024-05-31 10400059core:ComputerEquipment2023-05-31 10400059core:ComputerEquipment2024-05-31 104000592022-06-012023-05-31 iso4217:GBP xbrli:pure
Company Registration No. 10400059 (England and Wales)
FINANCIAL CHOICE SOLUTIONS LIMITED Unaudited accounts for the year ended 31 May 2024
FINANCIAL CHOICE SOLUTIONS LIMITED Unaudited accounts Contents
Page
- 2 -
FINANCIAL CHOICE SOLUTIONS LIMITED Company Information for the year ended 31 May 2024
Director
Gregory Hubbard
Company Number
10400059 (England and Wales)
Registered Office
129A MOUNTSORREL LANE ROTHLEY LEICESTER LE7 7PT ENGLAND
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
- 3 -
FINANCIAL CHOICE SOLUTIONS LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
109 
132 
Current assets
Debtors
- 
2 
Cash at bank and in hand
3,629 
3,849 
3,629 
3,851 
Creditors: amounts falling due within one year
(2,515)
(2,507)
Net current assets
1,114 
1,344 
Total assets less current liabilities
1,223 
1,476 
Provisions for liabilities
Deferred tax
(40)
(40)
Net assets
1,183 
1,436 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
1,182 
1,435 
Shareholders' funds
1,183 
1,436 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 September 2024 and were signed on its behalf by
Gregory Hubbard Director Company Registration No. 10400059
- 4 -
FINANCIAL CHOICE SOLUTIONS LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
FINANCIAL CHOICE SOLUTIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10400059. The registered office is 129A MOUNTSORREL LANE, ROTHLEY, LEICESTER, LE7 7PT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
15% Reducing Balance
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 June 2023
297 
At 31 May 2024
297 
Depreciation
At 1 June 2023
165 
Charge for the year
23 
At 31 May 2024
188 
Net book value
At 31 May 2024
109 
At 31 May 2023
132 
- 5 -
FINANCIAL CHOICE SOLUTIONS LIMITED Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
2 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,823 
2,148 
Loans from directors
333 
- 
Accruals
359 
359 
2,515 
2,507 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -