Caseware UK (AP4) 2023.0.135 2023.0.135 32023-05-01false56290 - Other food services3falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08499875 2023-05-01 2024-04-30 08499875 2024-04-30 08499875 2023-04-30 08499875 2023-05-01 2024-04-30 08499875 2022-05-01 2023-04-30 08499875 2024-04-30 08499875 2023-04-30 08499875 c:Director1 2023-05-01 2024-04-30 08499875 c:Director2 2023-05-01 2024-04-30 08499875 c:RegisteredOffice 2023-05-01 2024-04-30 08499875 d:PlantMachinery 2023-05-01 2024-04-30 08499875 d:PlantMachinery 2024-04-30 08499875 d:PlantMachinery 2023-04-30 08499875 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08499875 d:MotorVehicles 2023-05-01 2024-04-30 08499875 d:MotorVehicles 2024-04-30 08499875 d:MotorVehicles 2023-04-30 08499875 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08499875 d:FurnitureFittings 2023-05-01 2024-04-30 08499875 d:FurnitureFittings 2024-04-30 08499875 d:FurnitureFittings 2023-04-30 08499875 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08499875 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08499875 d:CurrentFinancialInstruments 2024-04-30 08499875 d:CurrentFinancialInstruments 2023-04-30 08499875 d:Non-currentFinancialInstruments 2024-04-30 08499875 d:Non-currentFinancialInstruments 2023-04-30 08499875 c:FRS102 2023-05-01 2024-04-30 08499875 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08499875 c:FullAccounts 2023-05-01 2024-04-30 08499875 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08499875 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 08499875









African Choice Limited







Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended April 30, 2024

 
African Choice Limited
 
 
Company Information


Directors
Herdi Ali 
Irada Asadova 




Registered number
08499875



Registered office
13 Camelot Close

London

England

SE28 0ES




Accountants
Mantax Lynton
Chartered Accountants

7 General Gordon Square

Suite 207, Equitable House

London

SE18 6FH





 
African Choice Limited
Registered number: 08499875

Statement of financial position
As at April 30, 2024

2024
2023
£
£


Fixed assets
61,556
35,802

Current assets
514,372
349,262

Creditors: amounts falling due within one year
(469,842)
(344,702)

Net current assets
 
 
44,530
 
 
4,560

Total assets less current liabilities
106,086
40,362

Creditors: amounts falling due after more than one year
-
(7,915)

Provisions for liabilities

Deferred taxation
(1,830)
(1,830)

 
 
(1,830)
 
 
(1,830)

Net assets
104,256
30,617



Capital and reserves
104,256
30,617


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on January 10, 2025.




Irada Asadova
Director

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
African Choice Limited
 
 
 
Notes to the financial statements
For the Year Ended April 30, 2024

1.


General information

African Choice Limited is a company, limited by shares, registered in England & Wales. The company's registered number and registered office can be found on the company information page.
The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 2

 
African Choice Limited
 
 
 
Notes to the financial statements
For the Year Ended April 30, 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
African Choice Limited
 
 
 
Notes to the financial statements
For the Year Ended April 30, 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25% Reducing Balance
Motor vehicles
-
25% Reducing Balance
Fixtures and fittings
-
25% Reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
African Choice Limited
 
 
 
Notes to the financial statements
For the Year Ended April 30, 2024

2.Accounting policies (continued)

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 May 2023
15,853
23,992
28,466
68,311


Additions
30,497
-
7,424
37,921



At April 30, 2024

46,350
23,992
35,890
106,232



Depreciation


At 1 May 2023
8,487
16,560
7,462
32,509


Charge for the year on owned assets
4,623
1,858
5,686
12,167



At April 30, 2024

13,110
18,418
13,148
44,676



Net book value



At April 30, 2024
33,240
5,574
22,742
61,556



At April 30, 2023
7,366
7,432
21,004
35,802

Page 5

 
African Choice Limited
 
 
 
Notes to the financial statements
For the Year Ended April 30, 2024

           4.Tangible fixed assets (continued)




5.


Debtors

2024
2023
£
£


Trade debtors
174,133
82,394

Other debtors
49,195
18,024

223,328
100,418



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
175,499
152,463

175,499
152,463



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
327,451
214,919

Corporation tax
12,285
3,011

Other taxation and social security
367
367

Obligations under finance lease and hire purchase contracts
238
1,746

Other creditors
124,501
119,659

Accruals and deferred income
5,000
5,000

469,842
344,702


Page 6

 
African Choice Limited
 
 
 
Notes to the financial statements
For the Year Ended April 30, 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
-
7,915

-
7,915



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
238
1,746

Between 1-5 years
-
7,915

238
9,661


10.


Controlling party

The company is controlled by the directors.

 
Page 7