Company Registration No. 13107222 (England and Wales)
ACHAYANS CHOICE LTD
Unaudited accounts
for the year ended 31 December 2024
ACHAYANS CHOICE LTD
Statement of financial position
as at 31 December 2024
Tangible assets
42,695
37,140
Cash at bank and in hand
29,703
15,297
Creditors: amounts falling due within one year
(78,517)
(99,337)
Net current assets
25,763
19,193
Total assets less current liabilities
68,458
56,333
Creditors: amounts falling due after more than one year
(36,700)
(4,998)
Called up share capital
2
1
Capital contribution reserve
30,000
50,000
Profit and loss account
1,756
1,334
Shareholders' funds
31,758
51,335
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 27 September 2025 and were signed on its behalf by
JENSON CHEPPALA PAUL
Director
Company Registration No. 13107222
ACHAYANS CHOICE LTD
Notes to the Accounts
for the year ended 31 December 2024
ACHAYANS CHOICE LTD is a private company, limited by shares, registered in England and Wales, registration number 13107222. The registered office is 12A DRAYTON CLOSE, CAMBRIDGE, CB1 9EY, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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: Depreciation is charged on straight-line method and allocated the cost of asset less residual value over their estimated useful life. Useful life of the asset is estimated as 5 years and depreciated at 20%
Fixtures and Fittings: Depreciation is charged on straight-line method and allocated the cost of asset less residual value over their estimated useful life. Useful life of the asset is estimated as 5 years and depreciated at 20%
Computer and Equipment: Depreciation is charged on straight-line method and allocated the cost of asset less residual value over their estimated useful life. Useful life of the asset is estimated as 5 years and depreciated at 20%
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the statement of comprehensive income.
Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risk of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. Rental applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as it incurred.
-
ACHAYANS CHOICE LTD
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
50,000
3,065
3,050
56,115
Additions
34,500
-
-
34,500
Revaluations
(8,524)
-
-
(8,524)
Disposals
(12,676)
-
-
(12,676)
At 31 December 2024
63,300
3,065
3,050
69,415
At 1 January 2024
16,095
1,440
1,440
18,975
Charge for the year
3,960
480
480
4,920
On disposals
2,825
-
-
2,825
At 31 December 2024
22,880
1,920
1,920
26,720
At 31 December 2024
40,420
1,145
1,130
42,695
At 31 December 2023
33,905
1,625
1,610
37,140
Amounts falling due within one year
Trade debtors
39,246
42,898
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
13,787
4,614
Trade creditors
62,538
37,198
Taxes and social security
1,798
1,631
Proposed dividends
-
5,000
Loans from directors
-
50,500
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
36,700
4,998
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).