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REGISTERED NUMBER: 05813808 (England and Wales)


Financial Statements for the Year Ended 30 June 2024

for

Family Choice Ltd

Family Choice Ltd (Registered number: 05813808)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Family Choice Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr Amrit Pal Singh Matoo
Mrs Satwinder Pal Matoo





SECRETARY: Mrs Satwinder Pal Matoo





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
West Midlands
CV6 4AD





REGISTERED NUMBER: 05813808 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Family Choice Ltd (Registered number: 05813808)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 30,000 30,000
Property, plant and equipment 5 2,019 2,692
32,019 32,692

CURRENT ASSETS
Inventories 37,389 41,675
Debtors 6 2,453 536
Cash at bank and in hand 5,028 4,868
44,870 47,079
CREDITORS
Amounts falling due within one year 7 37,038 31,667
NET CURRENT ASSETS 7,832 15,412
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,851

48,104

CREDITORS
Amounts falling due after more than one
year

8

26,106

36,020
NET ASSETS 13,745 12,084

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 13,743 12,082
SHAREHOLDERS' FUNDS 13,745 12,084

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

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

Family Choice Ltd (Registered number: 05813808)

Statement of Financial Position - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:





Mr Amrit Pal Singh Matoo - Director


Family Choice Ltd (Registered number: 05813808)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Family Choice Ltd 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 represents net sales of goods, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Inventories 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 1 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 30,000
NET BOOK VALUE
At 30 June 2024 30,000
At 30 June 2023 30,000

Family Choice Ltd (Registered number: 05813808)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 38,459
DEPRECIATION
At 1 July 2023 35,767
Charge for year 673
At 30 June 2024 36,440
NET BOOK VALUE
At 30 June 2024 2,019
At 30 June 2023 2,692

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 59 59
Other debtors 2,394 477
2,453 536

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 9,736 9,386
Trade creditors 7,669 4,751
Taxation and social security 12,732 8,876
Other creditors 6,901 8,654
37,038 31,667

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 26,106 36,020

Family Choice Ltd (Registered number: 05813808)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
2 Ordinary £ 2 2

10. RELATED PARTY DISCLOSURES

During the year, the Company has paid rent of £12,000 (2023 : £12,000) in respect of property owned by the directors.