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REGISTERED NUMBER: 11887997 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

First Choice Building Concepts Ltd

First Choice Building Concepts Ltd (Registered number: 11887997)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


First Choice Building Concepts Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: F Neath





REGISTERED OFFICE: 30 Ewart Road
Forest Hill
London
SE23 1BQ





REGISTERED NUMBER: 11887997 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
SE19 3RW

First Choice Building Concepts Ltd (Registered number: 11887997)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 41,904 9,581

CURRENT ASSETS
Debtors 6 89,450 84,654
Cash at bank - 8,850
89,450 93,504
CREDITORS
Amounts falling due within one year 7 (47,845 ) (54,161 )
NET CURRENT ASSETS 41,605 39,343
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,509

48,924

CREDITORS
Amounts falling due after more than one
year

8

(83,412

)

(48,527

)
NET ASSETS 97 397

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (3 ) 297
97 397

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

First Choice Building Concepts Ltd (Registered number: 11887997)

Balance Sheet - continued
31 March 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 director and authorised for issue on 29 July 2025 and were signed by:





F Neath - Director


First Choice Building Concepts Ltd (Registered number: 11887997)

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

1. STATUTORY INFORMATION

First Choice Building Concepts 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated at 20% on reducing balance. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

First Choice Building Concepts Ltd (Registered number: 11887997)

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 24,387
Additions 41,834
Disposals (19,109 )
At 31 March 2024 47,112
DEPRECIATION
At 1 April 2023 14,806
Charge for year 4,352
Eliminated on disposal (13,950 )
At 31 March 2024 5,208
NET BOOK VALUE
At 31 March 2024 41,904
At 31 March 2023 9,581

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 19,109
Additions 41,834
Disposals (19,109 )
At 31 March 2024 41,834
DEPRECIATION
At 1 April 2023 12,230
Charge for year 3,812
Eliminated on disposal (13,950 )
At 31 March 2024 2,092
NET BOOK VALUE
At 31 March 2024 39,742
At 31 March 2023 6,879

First Choice Building Concepts Ltd (Registered number: 11887997)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 5,000
Other debtors 89,450 79,654
89,450 84,654

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 2,304 4,616
Taxation and social security 41,041 44,045
Other creditors 4,500 5,500
47,845 54,161

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 48,111 48,527
Hire purchase contracts 35,301 -
83,412 48,527

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
F Neath
Balance outstanding at start of year 58,744 60,588
Amounts advanced 43,963 3,522
Amounts repaid (41,919 ) (5,366 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 60,788 58,744

S455 tax charge totalling £20,370 is included in creditors falling due within one year.