First Choice Motor Services Ltd

Registered number

14681398

Filleted Accounts

28 February 2026

First Choice Motor Services Ltd
Registered number:		14681398
Balance Sheet
as at 28 February 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	4		32,419			42,767

Current assets
Debtors	5	20,883			13,172
Cash at bank and in hand		184,606			136,649
		205,489			149,821

Creditors: amounts falling due within one year	6	(70,026)			(74,212)

Net current assets			135,463			75,609

Net assets			167,882			118,376

Capital and reserves
Called up share capital			101			101
Profit and loss account			167,781			118,275

Shareholders' funds			167,882			118,376

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




TA Diack
Director
Approved by the board on 9 June 2026

First Choice Motor Services Ltd
Notes to the Accounts
for the year ended 28 February 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		4		5


3	Intangible fixed assets				£
	Goodwill:

	Cost
	At 1 March 2025				1
	At 28 February 2026				1

	Amortisation
	At 1 March 2025				1
	At 28 February 2026				1

	Net book value
	At 28 February 2026				-

	Goodwill has been written off in full.


4	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 March 2025				74,523
	Additions				458
	At 28 February 2026				74,981

	Depreciation
	At 1 March 2025				31,756
	Charge for the year				10,806
	At 28 February 2026				42,562

	Net book value
	At 28 February 2026				32,419
	At 28 February 2025				42,767


5	Debtors		2026		2025
£				£

	Trade debtors		5,194		7,514
	Other debtors		15,689		5,658
			20,883		13,172


6	Creditors: amounts falling due within one year		2026		2025
£				£

	Trade creditors		11,591		13,257
	Taxation and social security costs		58,435		43,929
	Other creditors		-		17,026
			70,026		74,212


7	Other information

	First Choice Motor Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Suite 9 Pine Court Business Centre
	36 Gervis Road
	Bournemouth
	Dorset
	BH1 3DH