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Company Registration No. 08866029 (England and Wales)
1st Choice Flooring Solutions Ltd Unaudited accounts for the year ended 31 January 2025
1st Choice Flooring Solutions Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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1st Choice Flooring Solutions Ltd Company Information for the year ended 31 January 2025
Director
Thomas Edward Woodcock
Secretary
Director
Company Number
08866029 (England and Wales)
Registered Office
2 Shaw Park Business Village Shaw Road Wolverhampton West Midlands WV10 9LE England
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1st Choice Flooring Solutions Ltd Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
7,051
7,492
Current assets
Inventories
2,100
2,100
Debtors
5
12,724
32,800
Cash at bank and in hand
140,960
172,193
155,784
207,093
Creditors: amounts falling due within one year
6
(54,863)
(90,141)
Net current assets
100,921
116,952
Net assets
107,972
124,444
Capital and reserves
Called up share capital
1
1
Profit and loss account
107,971
124,443
Shareholders' funds
107,972
124,444
For the year ending 31 January 2025 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 23 October 2025 and were signed on its behalf by
Thomas Edward Woodcock Director Company Registration No. 08866029
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1st Choice Flooring Solutions Ltd Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
1st Choice Flooring Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 08866029. The registered office is 2 Shaw Park Business Village, Shaw Road, Wolverhampton, West Midlands, WV10 9LE, 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:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2024
2,434
6,999
2,256
1,483
13,172
Additions
3,642
-
222
-
3,864
At 31 January 2025
6,076
6,999
2,478
1,483
17,036
Depreciation
At 1 February 2024
1,508
1,750
1,928
494
5,680
Charge for the year
1,907
1,750
154
494
4,305
At 31 January 2025
3,415
3,500
2,082
988
9,985
Net book value
At 31 January 2025
2,661
3,499
396
495
7,051
At 31 January 2024
926
5,249
328
989
7,492
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
12,354
25,161
Accrued income and prepayments
-
7,269
Other debtors
370
370
12,724
32,800
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1st Choice Flooring Solutions Ltd Notes to the Accounts for the year ended 31 January 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
(2,819)
5,767
Trade creditors
11,667
21,101
Taxes and social security
3,888
19,428
Other creditors
-
1,234
Loans from directors
42,127
42,486
Accruals
-
125
54,863
90,141
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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