Company Registration No. 07313805 (England and Wales)
CHOICE MONEY LIMITED
Unaudited accounts
for the year ended 31 July 2025
CHOICE MONEY LIMITED
Statement of financial position
as at 31 July 2025
Tangible assets
2,759
3,679
Cash at bank and in hand
205,270
126,507
Creditors: amounts falling due within one year
(22,628)
(20,261)
Net current assets
184,285
156,246
Total assets less current liabilities
187,044
159,925
Creditors: amounts falling due after more than one year
(711)
(711)
Net assets
186,333
159,214
Called up share capital
231
231
Profit and loss account
186,102
158,983
Shareholders' funds
186,333
159,214
For the year ending 31 July 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 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 of Directors and authorised for issue on 23 April 2026 and were signed on its behalf by
John Joseph O'FARRELL
Director
Company Registration No. 07313805
CHOICE MONEY LIMITED
Notes to the Accounts
for the year ended 31 July 2025
CHOICE MONEY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07313805. The registered office is Unit R1a Front Rapide Studios, De Havilland Court, Penn Street, Amersham, HP7 0PX, United Kingdom.
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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.
These financial statements for the year ended 31 July 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Fixtures & fittings
25% reducing balance
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years
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Intangible fixed assets
Goodwill
CHOICE MONEY LIMITED
Notes to the Accounts
for the year ended 31 July 2025
5
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Accrued income and prepayments
1,643
-
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
19,337
17,528
Other creditors
2,541
1,983
8
Creditors: amounts falling due after more than one year
2025
2024
Loans from directors
711
711
9
Average number of employees
During the year the average number of employees was 6 (2024: 6).