Company Registration No. 08586124 (England and Wales)
First Choice Trailers Limited
Unaudited accounts
for the year ended 31 December 2024
First Choice Trailers Limited
Unaudited accounts
Contents
First Choice Trailers Limited
Company Information
for the year ended 31 December 2024
Director
Christopher Frederick Price
Company Number
08586124 (England and Wales)
Registered Office
HALL LANE FARM 16 BICKERSTAFF LANE
ABRAM
WIGAN
LANCASHIRE
WN2 5TA
Accountants
Emerald Path Ltd
32 Frances Avenue
Gatley
Cheadle
Cheshire
SK8 4BJ
First Choice Trailers Limited
Statement of financial position
as at 31 December 2024
Tangible assets
45,841
32,394
Cash at bank and in hand
994,782
1,019,055
Creditors: amounts falling due within one year
(490,988)
(543,875)
Net current assets
607,729
514,190
Total assets less current liabilities
653,570
546,584
Creditors: amounts falling due after more than one year
(527,960)
(400,546)
Net assets
125,610
146,038
Called up share capital
100
100
Profit and loss account
125,510
145,938
Shareholders' funds
125,610
146,038
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 21 December 2025 and were signed on its behalf by
Christopher Frederick Price
Director
Company Registration No. 08586124
First Choice Trailers Limited
Notes to the Accounts
for the year ended 31 December 2024
First Choice Trailers Limited is a private company, limited by shares, registered in England and Wales, registration number 08586124. The registered office is HALL LANE FARM 16 BICKERSTAFF LANE, ABRAM, WIGAN, LANCASHIRE, WN2 5TA.
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:
Plant & machinery
25 % Reducing Balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
First Choice Trailers Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
200,845
9,000
1,000
210,845
Additions
-
29,166
-
29,166
At 31 December 2024
200,845
38,166
1,000
240,011
At 1 January 2024
177,114
900
437
178,451
Charge for the year
13,158
2,358
203
15,719
At 31 December 2024
190,272
3,258
640
194,170
At 31 December 2024
10,573
34,908
360
45,841
At 31 December 2023
23,731
8,100
563
32,394
Amounts falling due within one year
Trade debtors
93,355
33,355
Accrued income and prepayments
5,300
375
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
12,996
14,564
Taxes and social security
81,000
95,818
Other creditors
261,069
261,069
Loans from directors
131,004
170,023
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
527,960
400,546
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).