Acorah Software Products - Accounts Production 16.3.350 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 12267136 Mr F Robinson Miss O Robinson Mr C Dunbar Miss S Dunbar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12267136 2023-10-31 12267136 2024-10-31 12267136 2023-11-01 2024-10-31 12267136 frs-core:ShareCapital 2024-10-31 12267136 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 12267136 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12267136 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 12267136 frs-bus:SmallEntities 2023-11-01 2024-10-31 12267136 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12267136 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12267136 frs-bus:Director1 2023-11-01 2024-10-31 12267136 frs-bus:Director2 2023-11-01 2024-10-31 12267136 frs-bus:Director3 2023-11-01 2024-10-31 12267136 frs-bus:Director4 2023-11-01 2024-10-31 12267136 frs-countries:EnglandWales 2023-11-01 2024-10-31 12267136 2022-10-31 12267136 2023-10-31 12267136 2022-11-01 2023-10-31 12267136 frs-core:CurrentFinancialInstruments 2023-10-31 12267136 frs-core:ShareCapital 2023-10-31 12267136 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 12267136
First Choice Homes (NW) Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Marsden and Co.
Oswaldtwistle Mills Business Centre, Clifton Mill
Pickup Street
Accrington
BB5 0EY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12267136
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 265,201 110,000
Investments 5 - 51,025
Cash at bank and in hand 87,859 43,638
353,060 204,663
Creditors: Amounts Falling Due Within One Year 6 (322,751 ) (174,237 )
NET CURRENT ASSETS (LIABILITIES) 30,309 30,426
TOTAL ASSETS LESS CURRENT LIABILITIES 30,309 30,426
NET ASSETS 30,309 30,426
CAPITAL AND RESERVES
Called up share capital 7 4 4
Profit and Loss Account 30,305 30,422
SHAREHOLDERS' FUNDS 30,309 30,426
Page 1
Page 2
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr F Robinson
Director
17 March 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
First Choice Homes (NW) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12267136 . The registered office is Oswaldtwistle Mills Business Centre, Clifton Mill, Pickup Street, Oswaldtwistle, BB5 0EY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Significant judgements and estimations
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.4. Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Stocks
2024 2023
£ £
Stock 265,201 110,000
5. Current Asset Investments
2024 2023
£ £
Other investments, held for sale - 51,025
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 322,751 174,237
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
Page 4