Registered number
NI026337
First Choice Selection Services Ltd
Report and Financial Statements
30 September 2024
First Choice Selection Services Ltd
Report and Financial Statements
for the year ended 30 September 2024
Contents
Page
Company information 1
Directors' report 2
Statement of directors' responsibilities 3
Strategic report 4
Independent auditor's report 5-7
Income statement 8
Statement of comprehensive income 9
Statement of financial position 10
Statement of changes in equity 11
Statement of cash flows 12
Notes to the financial statements 13-21
First Choice Selection Services Ltd
Report and Financial Statements
for the year ended 30 September 2024
Company Information
Directors
Sean Doyle
Pauline Doyle
Secretary
Sean Doyle
Auditors
Fitzpatrick & Kearney Ltd
10c Marcus Square
Newry
Co. Down
BT34 1AE
Bankers
Danske Bank
Donegall Square West
Belfast
BT1 6JS
Solicitors
Donaldson McConnell & Co
Castle Chambers
Lisburn
Registered office
Unit 1 Cathedral Terrace
19-27 Church Street
Belfast
BT1 1PG
Registered number
NI026337
First Choice Selection Services Ltd
Report and Financial Statements
for the year ended 30 September 2024
Registered number: NI026337
Directors' Report
The directors present their report and financial statements for the year ended 30 September 2024.
Principal activities
The company's principal activity during the year continued to be the recruitment of staff for employers.
Future developments
The directors aim to maintain the management policies which have resulted in the company's substantial growth in recent years.
Events since the balance sheet date
There have been no events since the balance sheet date which would impact upon the company's ability to trade.
Directors
The following persons served as directors during the year:
Sean Doyle
Pauline Doyle
Political donations
During the year, the company made no significant political or charitable contributions.
Disclosure of information to auditors
Each person who was a director at the time this report was approved confirms that:
so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and
they have taken all the steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditor is unaware of that information.
Employment of disabled persons
The company is committed to pursuing equality and diversity in all its employment activities to ensure that the recruitment, training, career development and promotion of disabled persons should as far as possible be identical to that of other employees.
Engagement with employees
The company has various processes in place to actively engage with its employees. The directors use these processes and engagements to understand employees views and to take them into account when making decisions.
This report was approved by the board on 19 March 2025 and signed on its behalf.
Mr Sean Doyle
Director
First Choice Selection Services Ltd
Report and Financial Statements
for the year ended 30 September 2024
Statement of Directors' Responsibilities
The directors are responsible for preparing the strategic report, directors report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
First Choice Selection Services Ltd
Report and Financial Statements
for the year ended 30 September 2024
Strategic Report
The company experienced a decline in turnover this year. The directors acknowledge the ongoing pricing pressures in the current market and note that the decrease contrasts with previous growth, which had been driven by targeted growth strategies and the recovery of the Northern Ireland market following the Covid pandemic.
The directors feel that the risks to the company's growth remains with the general economic uncertainty that exists in the marketplace, in particular how the working through of the current 'cost of living crisis' and the continuing BREXIT implications will impact on the labour market in the short and medium term. The directors are seeing issues in relation to the availability of labour from EC Countries which in the past had provided growth avenues for the company. The directors remain confident that that their policy of providing exceptional customer service and their awareness of the current industry, will allow the company to continue trading profitably for the forseeable future.
The directors continue to be of the view that the imposition of the apprenticeship levy represents an unwelcome significant cost to the business, which has been passed on to the ultimate customers. This charge appears particularly unfair as the credit given is of no value to the business, unlike others subject to the levy.
The directors review the level of debtors outstanding throughout the year and at the year end and actively works to ensure that all customers remain within set credit terms. The company has sufficient cash funds to allow it to take advantage of any growth opportunities that arise within the local market. The company's trading position and liquidity both remain strong and the outlook for the company is good.
This report was approved by the board on 19 March 2025 and signed on its behalf.
Mr Sean Doyle
Director
First Choice Selection Services Ltd
Independent auditor's report
to the member of First Choice Selection Services Ltd
Opinion
We have audited the financial statements of First Choice Selection Services Ltd for the year ended 30 September 2024 which comprise the Income Statement, the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the company's affairs as at 30 September 2024 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis of opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Our evaluation of the directors' assessment of the company's ability to continue to adopt the going concern basis of accounting included the following :
We considered as part of our audit risk assessment of the nature of the company, its business model and related risks including the requirements of the applicable financial reporting framework and the system of internal control. We evaluated the directors' assessment of the company's ability to continue as a going concern, including challenging the underlying data and key assumptions used to make the assessment, and evaluated the directors' plans for future actions in relation to their going concern assessment.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the strategic report, the directors report and financial statements, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the strategic report and the directors’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the strategic report and the directors’ report have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors’ remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
Responsibilities of directors
As explained more fully in the directors’ responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below :
Identifying and Assessing potential risks related to irregularities
In identifying and assessing risks of material misstatment in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:
the nature of the industry and sector, control environment and business performance
results of our enquiries of management about their identification and assessment of the risks of irregularities
any matters which we have identified having obtained from management whether they were aware of any instances of non-compliance and whether they have knowledge of any actual, suspected or alleged fraud; and reviewing the internal controls established to mitigate risk of fraud or non-compliance with laws and regulations; and
the matters discussed among the audit engagmeent team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.
As a result of these procedures, we have identified the greatest potential for fraud in the areas which management is required to exercise significant judgement. In common with all audits under ISA's (UK), we are also required to perform specific procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory framework that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, pension and tax legislation. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Company's ability to operate or to avoid a material penalty. These included data protection, employment, environmental and health and safety regulations.
Audit response to risks identified
As a result of performing the above, we identified the potential for management override of the controls as a key audit matter related to the potential risk of fraud. Our procedures to respond to the risks identified included the following:
reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
enquiring of management concerning actual and potential litigation and claims;
performing analytical procedures to identify any unusual or unexpected relationships that many indicate risks of material misstatement due to fraud;
reading minutes of meetings of those charged with governance; and
in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Stephen Kearney
(Senior Statutory Auditor)
for and on behalf of
Fitzpatrick & Kearney Ltd 10c Marcus Square
Accountants and Statutory Auditors Newry
19 March 2025 Co. Down
BT34 1AE
First Choice Selection Services Ltd
Income Statement
Notes 2024 2023
£ £
Turnover 3 19,897,318 20,111,145
Cost of sales (17,672,256) (17,628,939)
Gross profit 2,225,062 2,482,206
Administrative expenses (1,844,934) (1,840,317)
Operating profit 4 380,128 641,889
Interest receivable 6,855 6,701
Interest payable 7 (2,694) -
Profit on ordinary activities before taxation 384,289 648,590
Tax on profit on ordinary activities 8 (90,014) (142,463)
Profit for the financial year 294,275 506,127
First Choice Selection Services Ltd
Statement of comprehensive income
for the year ended 30 September 2024
Notes 2024 2023
£ £
Profit for the financial year 294,275 506,127
Other comprehensive income
Total comprehensive income for the year 294,275 506,127
First Choice Selection Services Ltd
Statement of Financial Position
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 9 27,839 36,265
Current assets
Debtors 10 1,726,818 1,300,255
Cash at bank and in hand 1,890,654 2,017,576
3,617,472 3,317,831
Creditors: amounts falling due within one year 11 (2,472,847) (2,023,853)
Net current assets 1,144,625 1,293,978
Total assets less current liabilities 1,172,464 1,330,243
Provisions for liabilities
Deferred taxation 12 (6,719) (8,773)
Net assets 1,165,745 1,321,470
Capital and reserves
Called up share capital 13 2 2
Profit and loss account 14 1,165,743 1,321,468
Total equity 1,165,745 1,321,470
Mr Sean Doyle
Director
Approved by the board on 19 March 2025
First Choice Selection Services Ltd
Statement of Changes in Equity
for the year ended 30 September 2024
Share Profit Total
capital and loss
account
£ £ £
At 1 October 2022 2 1,315,341 1,315,343
Profit for the financial year 506,127 506,127
Dividends (500,000) (500,000)
At 30 September 2023 2 1,321,468 1,321,470
At 1 October 2023 2 1,321,468 1,321,470
Profit for the financial year 294,275 294,275
Dividends (450,000) (450,000)
At 30 September 2024 2 1,165,743 1,165,745
First Choice Selection Services Ltd
Statement of Cash Flows
for the year ended 30 September 2024
Notes 2024 2023
£ £
Operating activities
Profit for the financial year 294,275 506,127
Adjustments for:
Interest receivable (6,855) (6,701)
Interest payable 2,694 -
Tax on profit on ordinary activities 90,014 142,463
Depreciation 18,079 18,910
(Increase)/decrease in debtors (426,563) 212,390
Increase in creditors 499,561 28,251
471,205 901,440
Interest received 6,855 6,701
Interest paid (2,694) -
Corporation tax paid (143,980) (159,461)
Cash generated by operating activities 331,386 748,680
Investing activities
Payments to acquire tangible fixed assets (9,653) (12,581)
Cash used in investing activities (9,653) (12,581)
Financing activities
Equity dividends paid (450,000) (500,000)
Cash used in financing activities (450,000) (500,000)
Net cash (used)/generated
Cash generated by operating activities 331,386 748,680
Cash used in investing activities (9,653) (12,581)
Cash used in financing activities (450,000) (500,000)
Net cash (used)/generated (128,267) 236,099
Cash and cash equivalents at 1 October 2,015,772 1,779,673
Cash and cash equivalents at 30 September 1,887,505 2,015,772
Cash and cash equivalents comprise:
Cash at bank 1,890,654 2,017,576
Bank overdrafts 11 (3,149) (1,804)
1,887,505 2,015,772
First Choice Selection Services Ltd
Notes to the Accounts
for the year ended 30 September 2024
1 Summary of significant accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of Employment Services. Turnover from the rendering of Employment 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and fittings over 5 years
Plant and machinery over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction.

At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits
When employees have rendered service to the company, short term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.
2 Critical accounting estimates and judgements
Going concern: The directors have prepared budgets and cash flows for a period of at least 12 months from the date of the approval of the financial statements which demonstrates that there is no material uncertainty regarding the company's ability to meet its liabilities as they fall due, and to continue as a going concern. On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis. Accordingly these financial statements do not include any adjustments to the carrying amounts and classifications of assets and liabilities that may arise if the company was unable to continue as a going concern.
Impairment of Trade Debtors: The company trades with a large and varied number of customers on credit terms. Some debts will not be paid through the default of a small number of customers. The company uses estimates based on historical experience and current information in determining the level of debts for which an impairment charge is required. The level of impairment required is reviewed on an ongoing basis. The total trade debtors is £1,695,228 (2023: £1,251,191)
3 Analysis of turnover 2024 2023
£ £
Services rendered 19,897,318 20,111,145
By geographical market:
UK 19,897,318 20,111,145
4 Operating profit 2024 2023
£ £
This is stated after charging:
Depreciation of owned fixed assets 18,079 18,910
Auditors' remuneration for audit services 18,500 15,500
Contributions to defined contribution pension plans 646,774 624,252
5 Directors' emoluments 2024 2023
£ £
Emoluments 9,488 9,488
Company contributions to defined contribution pension plans 60,000 60,000
69,488 69,488
Highest paid director:
Emoluments 9,488 9,488
Company contributions to defined contribution pension plans 60,000 60,000
69,488 69,488
Number of directors to whom retirement benefits accrued: 2024 2023
Number Number
Defined contribution plans 1 1
6 Staff costs 2024 2023
£ £
Wages and salaries 16,821,639 16,842,797
Social security costs 1,298,534 1,252,019
Other pension costs 586,774 564,252
18,706,947 18,659,068
Average number of employees during the year Number Number
Administration 8 9
Temporary Workers 814 833
Sales 24 22
846 864
7 Interest payable 2024 2023
£ £
Bank loans and overdrafts 2,694 -
8 Taxation 2024 2023
£ £
Analysis of charge in period
Current tax:
UK corporation tax on profits of the period 92,068 143,980
Deferred tax:
Origination and reversal of timing differences (2,054) (1,517)
Tax on profit on ordinary activities 90,014 142,463
Factors affecting tax charge for period
The differences between the tax assessed for the period and the standard rate of corporation tax are explained as follows:
2024 2023
£ £
Profit on ordinary activities before tax 384,289 648,590
Standard rate of corporation tax in the UK 25% 19%/25%
£ £
Profit on ordinary activities multiplied by the standard rate of corporation tax 96,072 142,743
Effects of:
Expenses not deductible for tax purposes - 4,162
Capital allowances for period in excess of depreciation 2,054 (2,925)
Utilisation of tax losses (6,058) -
Current tax charge for period 92,068 143,980
Factors that may affect future tax charges
There are no factors which the director expects to affect future tax charges.
9 Tangible fixed assets
Plant and machinery Fixtures & Fittings Total
At cost At cost
£ £ £
Cost
At 1 October 2023 209,756 219,515 429,271
Additions 6,857 2,796 9,653
At 30 September 2024 216,613 222,311 438,924
Depreciation
At 1 October 2023 192,197 200,809 393,006
Charge for the year 9,244 8,835 18,079
At 30 September 2024 201,441 209,644 411,085
Carrying amount
At 30 September 2024 15,172 12,667 27,839
At 30 September 2023 17,559 18,706 36,265
10 Debtors 2024 2023
£ £
Trade debtors 1,695,228 1,251,191
Other debtors 12,230 27,284
Prepayments and accrued income 19,360 21,780
1,726,818 1,300,255
11 Creditors: amounts falling due within one year 2024 2023
£ £
Bank overdrafts 3,149 1,804
Trade creditors 15,291 25,987
Corporation tax 92,068 143,980
Other taxes and social security costs 1,186,104 964,600
Accruals and deferred income 1,176,235 887,482
2,472,847 2,023,853
12 Deferred taxation 2024 2023
£ £
Accelerated capital allowances 6,719 8,773
2024 2023
£ £
At 1 October 8,773 10,290
Credited to the profit and loss account (2,054) (1,517)
At 30 September 6,719 8,773
13 Share capital Nominal 2024 2024 2023
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 2 2 2
14 Profit and loss account 2024 2023
£ £
At 1 October 1,321,468 1,315,341
Profit for the financial year 294,275 506,127
Dividends (450,000) (500,000)
At 30 September 1,165,743 1,321,468
15 Dividends 2024 2023
£ £
Dividends on ordinary shares (note 14) 450,000 500,000
16 Events after the reporting date
There have been no events since the balance sheet date which would require the financial statements to be re-stated.
17 Bank & other borrowings
The Company's borrowings at 30th September 2024 were secured as follows:

A fixed charge over the company's book debts.
18 Contingent liabilities
As far as the directors are aware there are no contingent liabilities at 30th September 2024 not provided for in the accounts.
19 Related party transactions
No related party transactions occurred outside the normal course of business.
20 Controlling party
The company is a subsidiary of Stanza Holdings (NI) Ltd, however the ultimate controlling party is Mr Sean Doyle
21 Presentation currency
The financial statements are presented in Sterling.
22 Legal form of entity and country of incorporation
First Choice Selection Services Ltd is a private company limited by shares and incorporated in Northern Ireland.
23 Principal place of business
The address of the company's principal place of business and registered office is:
Unit 1 Cathedral Terrace
19-27 Church Street
Belfast
BT1 1PG
24 Financial Instruments
The carrying amounts of the company's financial instruments are as follows:
2024 2023
Debt instruments measured at amortised cost : £ £
Trade debtors (note 9) 1,695,228 1,251,191
Other debtors (note 9) 12,230 27,284
1,707,458 1,278,475
Financial Liabilities
Measured at amortised cost
-Bank loans and overdrafts (note 10) 3,149 1,804
-Trade creditors (note 10) 15,291 25,987
18,440 27,791
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