REGISTERED NUMBER: 03432653 (England and Wales)

Unaudited Financial Statements For The Year Ended 31 October 2025

for

First Choice Corporate Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Dowton

Mrs K A Chapman

S J Perry

SECRETARY:

REGISTERED OFFICE:

Osborne House

143-145 Stanwell Road

Ashford

Middlesex

TW15 3QN

REGISTERED NUMBER:

03432653 (England and Wales)

ACCOUNTANTS:

Benedict Ford Thorne

Chartered Certified Accountants

The Annex

143-145 Stanwell Road

Ashford

Middlesex

TW15 3QN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

20,435

27,235

Investments

6

4,000

4,000

24,435

31,235

CURRENT ASSETS

Debtors

7

4,358,558

4,117,645

Cash at bank and in hand

1,196,480

824,483

5,555,038

4,942,128

CREDITORS

Amounts falling due within one year

8

1,942,527

1,598,716

NET CURRENT ASSETS

3,612,511

3,343,412

TOTAL ASSETS LESS CURRENT LIABILITIES

3,636,946

3,374,647

CAPITAL AND RESERVES

Called up share capital

8,502

8,502

Share premium

10

5,875

5,875

Retained earnings

10

3,622,569

3,360,270

SHAREHOLDERS' FUNDS

3,636,946

3,374,647

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 27 July 2026 and were signed on its behalf by:

C Dowton - Director

1.	STATUTORY INFORMATION

First Choice Corporate Ltd 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 34 (2024 - 32 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

18,000

AMORTISATION

At 1 November 2024

and 31 October 2025

18,000

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2024

and 31 October 2025

262,010

DEPRECIATION

At 1 November 2024

234,775

Charge for year

6,800

At 31 October 2025

241,575

NET BOOK VALUE

At 31 October 2025

20,435

At 31 October 2024

27,235

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 November 2024

and 31 October 2025

4,000

NET BOOK VALUE

At 31 October 2025

4,000

At 31 October 2024

4,000

7.

DEBTORS

31/10/25

31/10/24

£

£

Amounts falling due within one year:

Trade debtors

1,918,451

1,727,993

Amounts owed by group undertakings

2,625

-

Other debtors

165,822

139,652

2,086,898

1,867,645

31/10/25

31/10/24

£

£

Amounts falling due after more than one year:

Amounts owed by associates

2,271,660

2,250,000

Aggregate amounts

4,358,558

4,117,645

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/25

31/10/24

£

£

Bank loans and overdrafts

1,281,576

1,092,742

Trade creditors

116,811

210,999

Taxation and social security

346,421

248,835

Other creditors

197,719

46,140

1,942,527

1,598,716

9.	SECURED DEBTS

The following secured debts are included within creditors:

31/10/25

31/10/24

£

£

Factoring loan

1,281,576

1,092,742

The factoring loan at 31 October 2025 represents the net balance of funds drawn against trade debtors sold to Close Invoice Finance Ltd at that date. Under the terms of the factoring agreement the ownership of all book debts is automatically vested in Close Invoice Finance Ltd and remain secured by a fixed and floating debenture registered at Companies House on 6 September 2008.

10.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 November 2024

3,360,270

5,875

3,366,145

Profit for the year

512,295

512,295

Dividends

(249,996

)

(249,996

)

At 31 October 2025

3,622,569

5,875

3,628,444

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C Dowton by way of his ownership of the shares in the company's parent company, LCD Holdings Ltd.