2023-04-01 2024-03-31 false Capium Accounts Production 1.1 09476024 2023-04-01 2024-03-31 09476024 bus:AbridgedAccounts 2023-04-01 2024-03-31 09476024 bus:FRS102 2023-04-01 2024-03-31 09476024 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09476024 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09476024 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09476024 2023-04-01 2024-03-31 09476024 2024-03-31 09476024 bus:RegisteredOffice 2023-04-01 2024-03-31 09476024 core:WithinOneYear 2024-03-31 09476024 core:AfterOneYear 2024-03-31 09476024 1 2023-04-01 2024-03-31 09476024 bus:Director1 2023-04-01 2024-03-31 09476024 bus:Director1 2024-03-31 09476024 bus:Director1 2022-04-01 2023-03-31 09476024 2022-04-01 09476024 bus:LeadAgentIfApplicable 2023-04-01 2024-03-31 09476024 2022-04-01 2023-03-31 09476024 2023-03-31 09476024 core:WithinOneYear 2023-03-31 09476024 core:AfterOneYear 2023-03-31 09476024 bus:EntityAccountantsOrAuditors 2022-04-01 2023-03-31 09476024 core:MotorCars 2023-04-01 2024-03-31 09476024 core:MotorCars 2024-03-31 09476024 core:MotorCars 2023-03-31 09476024 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-03-31 09476024 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-03-31 09476024 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 09476024 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 09476024 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-03-31 09476024 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-03-31 09476024 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-03-31 09476024 core:Non-currentFinancialInstruments 2024-03-31 09476024 core:Non-currentFinancialInstruments 2023-03-31 09476024 core:ShareCapital 2024-03-31 09476024 core:ShareCapital 2023-03-31 09476024 core:RetainedEarningsAccumulatedLosses 2024-03-31 09476024 core:RetainedEarningsAccumulatedLosses 2023-03-31 09476024 dpl:Item1 2023-04-01 09476024 dpl:Item1 2024-03-31 09476024 dpl:Item1 2022-04-01 09476024 dpl:Item1 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 09476024
England and Wales

 

 

 

FIRST CHOICE CARS LTD


Abridged Accounts
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 16,000   
16,000   
Current assets      
Debtors (18,584)   (6,551)
Cash at bank and in hand 1,623    16,592 
(16,961)   10,041 
Creditors: amount falling due within one year (15,707)   (21,124)
Net current assets (32,668)   (11,083)
 
Total assets less current liabilities (16,668)   (11,083)
Creditors: amount falling due after more than one year (1,710)   (5,460)
Net assets (18,378)   (16,543)
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account (18,379)   (16,544)
Shareholders' funds (18,378)   (16,543)
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 26 December 2024 and were signed by:


-------------------------------
Fozia Irfan
Director
1
General Information
FIRST CHOICE CARS LTD is a private company, limited by shares, registered in England and Wales, registration number 09476024, registration address 61A East street barking, London,, England,, Essex, IG118EJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 20 Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Total
  £   £
At 01 April 2023 125,827    125,827 
Additions 20,000    20,000 
Disposals  
At 31 March 2024 145,827    145,827 
Depreciation
At 01 April 2023 125,827    125,827 
Charge for year 4,000    4,000 
On disposals  
At 31 March 2024 129,827    129,827 
Net book values
Closing balance as at 31 March 2024 16,000    16,000 
Opening balance as at 01 April 2023  


2