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Company Registration No. 14541452 (England and Wales)
Market Of Choice Ltd Unaudited accounts for the year ended 31 December 2024
Market Of Choice Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Market Of Choice Ltd Company Information for the year ended 31 December 2024
Director
Abrar Ahmad
Company Number
14541452 (England and Wales)
Registered Office
3-5 Moor End Lane Dewsbury West Yorkshire WF13 4QE ENGLAND
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Market Of Choice Ltd Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
29,390
22,520
Current assets
Inventories
40,235
33,255
Cash at bank and in hand
6,044
420
46,279
33,675
Creditors: amounts falling due within one year
5
(17,098)
(24,792)
Net current assets
29,181
8,883
Total assets less current liabilities
58,571
31,403
Creditors: amounts falling due after more than one year
6
(56,000)
(30,000)
Net assets
2,571
1,403
Capital and reserves
Profit and loss account
2,571
1,403
Shareholders' funds
2,571
1,403
For the year ending 31 December 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 June 2025 and were signed on its behalf by
Abrar Ahmad Director Company Registration No. 14541452
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Market Of Choice Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Market Of Choice Ltd is a private company, limited by shares, registered in England and Wales, registration number 14541452. The registered office is 3-5 Moor End Lane, Dewsbury, West Yorkshire, WF13 4QE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20%
Fixtures & fittings
20%
Computer equipment
20%
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
10,000
17,000
1,150
28,150
Additions
12,500
-
-
12,500
At 31 December 2024
22,500
17,000
1,150
40,650
Depreciation
At 1 January 2024
2,000
3,400
230
5,630
Charge for the year
2,000
3,400
230
5,630
At 31 December 2024
4,000
6,800
460
11,260
Net book value
At 31 December 2024
18,500
10,200
690
29,390
At 31 December 2023
8,000
13,600
920
22,520
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Market Of Choice Ltd Notes to the Accounts for the year ended 31 December 2024
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
8,901
6,840
VAT
38
825
Trade creditors
6,470
15,650
Taxes and social security
839
657
Other creditors
850
820
17,098
24,792
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
26,000
-
Loans from directors
30,000
30,000
56,000
30,000
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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