REGISTERED NUMBER: 04359831 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

1ST CHOICE FITTED BEDROOMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Entwistle

S Mason

SECRETARY:

S Mason

REGISTERED OFFICE:

Vantage House

3 East Terrace Business Park

Euxton Lane, Euxton

Chorley

Lancashire

PR7 6TB

REGISTERED NUMBER:

04359831 (England and Wales)

ACCOUNTANTS:

Studholme-Bell Limited

Chartered Certified Accountants

Vantage House

3 East Terrace Business Park

Euxton Lane, Euxton

Chorley

Lancashire

PR7 6TB

FIXED ASSETS

Tangible assets

5

280,353

342,960

CURRENT ASSETS

Stocks

143,609

130,385

Debtors

6

129,481

148,154

Cash at bank and in hand

5,253

14,381

278,343

292,920

CREDITORS

Amounts falling due within one year

7

397,695

312,159

NET CURRENT LIABILITIES

(119,352

)

(19,239

)

TOTAL ASSETS LESS CURRENT LIABILITIES

161,001

323,721

CREDITORS

Amounts falling due after more than one year

8

(29,599

)

(71,220

)

PROVISIONS FOR LIABILITIES

(70,088

)

(85,740

)

NET ASSETS

61,314

166,761

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

61,312

166,759

61,314

166,761

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 6 November 2025 and were signed on its behalf by:

M Entwistle - Director

1.	STATUTORY INFORMATION

1st Choice Fitted Bedrooms Limited 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.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS102 Section 1A for small entities. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year and have also been consistently applied within the same accounts.

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Income recognition

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks have been valued at the lower of cost and estimated selling price, less costs to sell. In respect of work in progress and finished goods, cost included a relevant proportion of overheads according to the stage of manufacture/completion.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Tax

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 taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

Hire purchase and leasing commitments

Property, plant and equipment acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other intangible assets. The related obligations, net of future finance charges, are included in creditors.

Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 21 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 April 2024

5,075

313,042

47,043

Additions

-

-

-

At 31 March 2025

5,075

313,042

47,043

DEPRECIATION

At 1 April 2024

-

138,504

18,959

Charge for year

-

26,181

4,213

At 31 March 2025

-

164,685

23,172

NET BOOK VALUE

At 31 March 2025

5,075

148,357

23,871

At 31 March 2024

5,075

174,538

28,084

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

238,386

16,920

620,466

Additions

-

584

584

At 31 March 2025

238,386

17,504

621,050

DEPRECIATION

At 1 April 2024

113,877

6,166

277,506

Charge for year

31,127

1,670

63,191

At 31 March 2025

145,004

7,836

340,697

NET BOOK VALUE

At 31 March 2025

93,382

9,668

280,353

At 31 March 2024

124,509

10,754

342,960

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

33,893

27,660

Amounts owed by group undertakings

94,027

119,918

Prepayments

1,561

576

129,481

148,154

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

89,608

50,895

Hire purchase contracts

27,206

31,246

Trade creditors

71,385

92,088

Tax

50,730

46,384

Social security and other taxes

60,433

14,656

VAT

58,509

63,904

Other creditors

29,613

3,787

Accruals and deferred income

10,211

9,199

397,695

312,159

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

16,833

26,000

Bank loans - 2-5 years

-

6,500

Hire purchase contracts

8,695

35,901

Directors Loan Account

4,071

2,819

29,599

71,220