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Registered number: 02714310
Prime Choice Limited
Unaudited Financial Statements
For The Year Ended 30 September 2025
Elsby & Company Limited
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB
Prime Choice Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Prime Choice Limited
Balance Sheet
As At 30 September 2025
Balance Sheet
Registered number: 02714310

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 5 |  | 18,943 |  | 6,182
|  |  | 18,943 |  | 6,182
CURRENT ASSETS
Debtors | 6 | 68,766 |  | 71,790 |
Cash at bank and in hand |  | 740,958 |  | 790,183 |
|  | 809,724 |  | 861,973 |
Creditors: Amounts Falling Due Within One Year | 7 | (613,320 ) |  | (653,089 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 196,404 |  | 208,884
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 215,347 |  | 215,066
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (12,676 ) |  | (7,501 )
NET ASSETS |  |  | 202,671 |  | 207,565
CAPITAL AND RESERVES
Called up share capital | 10 |  | 4,000 |  | 4,000
Profit and Loss Account |  |  | 198,671 |  | 203,565
SHAREHOLDERS' FUNDS |  |  | 202,671 |  | 207,565

Page 1
Page 2
Prime Choice Limited
Balance Sheet (continued)
As At 30 September 2025
For the year ending 30 September 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

A M Ghile Director | M Ghile Director
27th November 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Prime Choice Limited
Notes to the Financial Statements
For The Year Ended 30 September 2025
Notes to the Financial Statements
1. General Information
Prime Choice Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02714310 . The registered office is 155 Wellingborough Road, Rushden, Northamptonshire, NN10 9TB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. Goodwill is now fully amortised.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles | 25% on reducing balance
Fixtures & Fittings | 25% on reducing balance

2.5. Leasing and Hire Purchase Contracts
Assets obtained under 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 risks 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.
Rentals 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 incurred.
2.6. Taxation
The taxation expense represents the sum of the corporation tax currently payable and any deferred tax.
The corporation tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at 30 September 2025.
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.
Page 3
Page 4
Prime Choice Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
3. Average Number of Employees
Average number of employees, excluding directors, during the year was: 11 (2024: 11)
11 11
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 October 2024 | 70,000
As at 30 September 2025 | 70,000
Amortisation
As at 1 October 2024 | 70,000
As at 30 September 2025 | 70,000
Net Book Value
As at 30 September 2025 | -
As at 1 October 2024 | -

5. Tangible Assets

| Motor Vehicles | Fixtures & Fittings | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 October 2024 | 18,166 | 61,499 | 79,665
Additions | 16,350 | - | 16,350
As at 30 September 2025 | 34,516 | 61,499 | 96,015
Depreciation
As at 1 October 2024 | 15,261 | 58,222 | 73,483
Provided during the period | 2,770 | 819 | 3,589
As at 30 September 2025 | 18,031 | 59,041 | 77,072
Net Book Value
As at 30 September 2025 | 16,485 | 2,458 | 18,943
As at 1 October 2024 | 2,905 | 3,277 | 6,182

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Motor Vehicles | 14,306 |  | -

Page 4
Page 5
Prime Choice Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 1,194 |  | -
Prepayments and accrued income | 17,252 |  | 19,245
Other debtors | 975 |  | 3,200
Amounts owed by group undertakings | 49,345 |  | 49,345
| 68,766 |  | 71,790

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 593 |  | -
Trade creditors | 11,639 |  | 11,786
Bank loans and overdrafts | 6,668 |  | 9,167
Corporation tax | 37,700 |  | 40,401
VAT | 25,487 |  | 24,529
Clients funds held | 524,147 |  | 555,699
Accruals and deferred income | 5,910 |  | 5,645
Directors' loan accounts | 1,176 |  | 5,862
| 613,320 |  | 653,089

8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 12,676 |  | -
Bank loans | - |  | 7,501
| 12,676 |  | 7,501

9. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 593 |  | -
Later than one year and not later than five years | 12,676 |  | -
| 13,269 |  | -
| 13,269 |  | -

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
2,720 Ordinary A shares of £ 1.00 each | 2,720 |  | 3,400
600 Ordinary B shares of £ 1.00 each | 600 |  | 600
680 Ordinary C shares of £ 1.00 each | 680 |  | -
| 4,000 |  | 4,000

Page 5
Page 6
Prime Choice Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 54,000 |  | 54,000
Later than one year and not later than five years | - |  | 54,000
| 54,000 |  | 108,000

Page 6