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REGISTERED NUMBER: 08146103 (England and Wales)


Financial Statements for the Year Ended 31 August 2024

for

Friends Choice Limited

Friends Choice Limited (Registered number: 08146103)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Friends Choice Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr Ritesh Rai
Mrs Anju Lata Rai





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





REGISTERED NUMBER: 08146103 (England and Wales)





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

Friends Choice Limited (Registered number: 08146103)

Statement of Financial Position
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 90,000 90,000
Tangible assets 5 75,258 67,160
165,258 157,160

CURRENT ASSETS
Stocks 76,390 112,380
Debtors 6 345,102 31,305
Cash at bank and in hand 73,169 257,205
494,661 400,890
CREDITORS
Amounts falling due within one year 7 446,761 306,192
NET CURRENT ASSETS 47,900 94,698
TOTAL ASSETS LESS CURRENT
LIABILITIES

213,158

251,858

CREDITORS
Amounts falling due after more than one
year

8

206,650

249,456
NET ASSETS 6,508 2,402

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 5,508 1,402
SHAREHOLDERS' FUNDS 6,508 2,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Friends Choice Limited (Registered number: 08146103)

Statement of Financial Position - continued
31 August 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 16 April 2025 and were signed on its behalf by:





Mr Ritesh Rai - Director


Friends Choice Limited (Registered number: 08146103)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Friends Choice Limited 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 represent net sales 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 each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 90,000
NET BOOK VALUE
At 31 August 2024 90,000
At 31 August 2023 90,000

Friends Choice Limited (Registered number: 08146103)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 5,781 174,007 179,788
Additions - 25,467 25,467
At 31 August 2024 5,781 199,474 205,255
DEPRECIATION
At 1 September 2023 - 112,628 112,628
Charge for year - 17,369 17,369
At 31 August 2024 - 129,997 129,997
NET BOOK VALUE
At 31 August 2024 5,781 69,477 75,258
At 31 August 2023 5,781 61,379 67,160

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 344,000 27,000
Other debtors 1,102 4,305
345,102 31,305

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 70,171 87,741
Taxation and social security 7,815 12,271
Other creditors 368,775 206,180
446,761 306,192

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.8.24 31.8.23
£    £   
Other creditors 206,650 249,456

Friends Choice Limited (Registered number: 08146103)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
1,000 Ordinary £1 1,000 1,000