REGISTERED NUMBER: 05186429 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

BY CHOICE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms E C Turner

R H Gosling

REGISTERED OFFICE:

61 Station Road

Sudbury

Suffolk

CO10 2SP

REGISTERED NUMBER:

05186429 (England and Wales)

ACCOUNTANTS:

Seago and Stopps

Chartered Certified Accountants

61 Station Road

Sudbury

Suffolk

CO10 2SP

FIXED ASSETS

72,809

Intangible assets

4

54,604

3,903

Tangible assets

5

1,724

76,712

56,328

CURRENT ASSETS

162,432

Stocks

118,354

396,062

Debtors

6

461,212

797,075

Cash at bank

832,986

1,355,569

1,412,552

CREDITORS

1,127,966

Amounts falling due within one year

7

1,217,955

227,603

NET CURRENT ASSETS

194,597

304,315

TOTAL ASSETS LESS CURRENT LIABILITIES

250,925

CREDITORS

(206,960

)

Amounts falling due after more than one year

8

(148,683

)

(970

)

PROVISIONS FOR LIABILITIES

(431

)

96,385

NET ASSETS

101,811

CAPITAL AND RESERVES

100

Called up share capital

100

96,285

Retained earnings

101,711

96,385

SHAREHOLDERS' FUNDS

101,811

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 23 September 2026 and were signed on its behalf by:

Ms E C Turner - Director

1.	STATUTORY INFORMATION

By Choice 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the value of work completed and invoiced during the year and after taking into account the movement between opening and closing trade debtor balances and work in progress.

Intangible assets

Goodwill

The original goodwill relates to the set up costs of the company incurred in 2005 and has been written off over ten years.

In 2012, the company also acquired a business in Hadleigh and paid £42,000 for the goodwill of this business which has now been amortised in full.

In 2019, the company then acquired another business in Sudbury and paid £180,587 for the goodwill of this business which is being amortised over ten years.

Website

Website costs have been amortised in full over an estimated useful life of four years.

Stamp Duty

Stamp duty is being amortised over the term of each lease.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

- 10% on cost

Computer equipment

- 25% on cost

Stocks and work in progress

Work in progress reflects the commissions earned in respect of properties sold subject to contract as at 31st December 2025 which were received after that date.

Financial instruments

The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statemernts such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

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.

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 and loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Stamp

Website

Totals

Goodwill

duty

costs

£

£

£

£

COST OR VALUATION

At 1 January 2025

and 31 December 2025

374,692

360,115

2,182

12,395

AMORTISATION

At 1 January 2025

301,883

287,882

1,606

12,395

Amortisation for year

18,205

18,059

146

-

At 31 December 2025

320,088

305,941

1,752

12,395

NET BOOK VALUE

At 31 December 2025

54,604

54,174

430

-

At 31 December 2024

72,809

72,233

576

-

Cost or valuation at 31 December 2025 is represented by:

Stamp

Website

Totals

Goodwill

duty

costs

£

£

£

£

Valuation in 2006

22,921

22,921

-

-

Cost

351,771

337,194

2,182

12,395

374,692

360,115

2,182

12,395

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

Totals

fittings

equipment

£

£

£

COST

At 1 January 2025

and 31 December 2025

55,577

37,621

17,956

DEPRECIATION

At 1 January 2025

51,674

34,934

16,740

Charge for year

2,179

963

1,216

At 31 December 2025

53,853

35,897

17,956

NET BOOK VALUE

At 31 December 2025

1,724

1,724

-

At 31 December 2024

3,903

2,687

1,216

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

105,522

48,956

Other debtors

355,690

347,106

461,212

396,062

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

55,127

55,735

Trade creditors

26,361

14,146

Taxation and social security

189,075

170,451

Other creditors

947,392

887,634

1,217,955

1,127,966

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

148,683

206,960

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.25

31.12.24

£

£

Within one year

61,800

61,800

10.	SECURED DEBTS

Lloyds Bank Plc hold a fixed and floating charge over the undertaking and all of the company's property and assets.