REGISTERED NUMBER: 10182288 (England and Wales)

Financial Statements for the Year Ended 31 May 2025

for

1st Choice Metals Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Matthews

D J Matthews

S J Matthews

REGISTERED OFFICE:

Unit 2

Judge Court

Berry Hill Industrial Estate

Droitwich

Worcestershire

WR9 9AB

REGISTERED NUMBER:

10182288 (England and Wales)

ACCOUNTANTS:

Blythe Phillips & Co.

8/9 Earls Way

Halesowen

West Midlands

B63 3HR

FIXED ASSETS

Tangible assets

4

21,717

4,105

CURRENT ASSETS

Debtors

5

4,127

7,586

Investments

6

320,612

-

Cash at bank and in hand

212,788

531,271

537,527

538,857

CREDITORS

Amounts falling due within one year

7

63,924

109,209

NET CURRENT ASSETS

473,603

429,648

TOTAL ASSETS LESS CURRENT LIABILITIES

495,320

433,753

CAPITAL AND RESERVES

Called up share capital

30

30

Retained earnings

495,290

433,723

SHAREHOLDERS' FUNDS

495,320

433,753

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 13 December 2025 and were signed on its behalf by:

G Matthews - Director

D J Matthews - Director

S J Matthews - Director

1.	STATUTORY INFORMATION

1st Choice Metals 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. 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.

Plant and machinery etc

-

25% 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2024

19,570

Additions

24,850

At 31 May 2025

44,420

DEPRECIATION

At 1 June 2024

15,465

Charge for year

7,238

At 31 May 2025

22,703

NET BOOK VALUE

At 31 May 2025

21,717

At 31 May 2024

4,105

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

3,726

7,197

Other debtors

401

389

4,127

7,586

6.	CURRENT ASSET INVESTMENTS

31.5.25

31.5.24

£

£

Listed investments

320,612

-

Market value of listed investments at 31 May 2025 - £ 298,849 .

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade creditors

4,943

27,521

Taxation and social security

54,863

79,739

Other creditors

4,118

1,949

63,924

109,209

8.	RELATED PARTY DISCLOSURES

The company rent's it's premises from a partnership of the directors at normal commercial rates.