Registration number: 06943927

Choice Illustration Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 6

Choice Illustration Limited

(Registration number: 06943927)
Balance Sheet as at 30 June 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	8,623	10,779
Current assets
Debtors	5	1,440	5,853
Cash at bank and in hand		7,706	19,060
		9,146	24,913
Creditors: Amounts falling due within one year	6	(14,973)	(33,593)
Net current liabilities		(5,827)	(8,680)
Total assets less current liabilities		2,796	2,099
Provisions for liabilities		(1,638)	(2,048)
Net assets		1,158	51
Capital and reserves
Called up share capital		2	2
Retained earnings		1,156	49
Shareholders' funds		1,158	51

For the financial year ending 30 June 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 October 2026
 

......................................... Mr S M Critchley Director

Choice Illustration Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2026

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Willow Croft Potters Hill
Crockerton
Warminster
Wiltshire
BA12 8AD
United Kingdom

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Choice Illustration Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2026

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Choice Illustration Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2026

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2025 - 1).

Choice Illustration Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2026

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 July 2025	51,955	51,955
At 30 June 2026	51,955	51,955
Depreciation
At 1 July 2025	41,176	41,176
Charge for the year	2,156	2,156
At 30 June 2026	43,332	43,332
Net book value
At 30 June 2026	8,623	8,623
At 30 June 2025	10,779	10,779

5

Debtors

	2026 £	2025 £
Trade debtors	1,440	672
Other debtors	-	5,181
	1,440	5,853

6

Creditors

Amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	7	-	1,109
Taxation and social security		8,078	31,344
Accruals and deferred income		1,200	1,140
Loan from director		5,695	-
		14,973	33,593

Choice Illustration Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2026

7	Loans and borrowings

Current loans and borrowings

	2026 £	2025 £
Bank overdrafts	-	1,109

8	Related party transactions

Transactions with the director

2026	At 1 July 2025 £	Repayments by director £	At 30 June 2026 £
Mr S M Critchley
	(5,181)	5,181	-

2025	At 1 July 2024 £	Advances to director £	Repayments by director £	At 30 June 2025 £
Mr S M Critchley
	3,358	(16,752)	8,213	(5,181)