Abbreviated Company Accounts - 1ST CHOICE ENTERTAINMENT LIMITED

1ST CHOICE ENTERTAINMENT LIMITED - Company Information

04782283 1ST CHOICE ENTERTAINMENT LIMITED 2014-06-30 false 2013-07-01 2014-06-30 true 04782283 2013-07-01 2014-06-30 04782283 2014-06-30 04782283 2013-06-30 04782283 uk-gaap-cd-bus:Director1 2013-07-01 2014-06-30 04782283 uk-gaap-cd-bus:Director2 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-30 iso4217:GBP shares

Registered Number 04782283

1ST CHOICE ENTERTAINMENT LIMITED

Abbreviated Accounts

30 June 2014

1ST CHOICE ENTERTAINMENT LIMITED Registered Number 04782283

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,568	61,375
Investments	3	60,000	-
		61,568	61,375
Current assets
Debtors		-	625
Cash at bank and in hand		1,378	448
		1,378	1,073
Prepayments and accrued income		198	554
Creditors: amounts falling due within one year		(66,155)	(65,270)
Net current assets (liabilities)		(64,579)	(63,643)
Total assets less current liabilities		(3,011)	(2,268)
Total net assets (liabilities)		(3,011)	(2,268)
Capital and reserves
Called up share capital	4	2	2
Revaluation reserve		716	0
Profit and loss account		(3,729)	(2,270)
Shareholders' funds		(3,011)	(2,268)

For the year ending 30 June 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 March 2015

And signed on their behalf by:
M G Grimwade, Director

1ST CHOICE ENTERTAINMENT LIMITED Registered Number 04782283

Notes to the Abbreviated Accounts for the period ended 30 June 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
This represents the invoiced amounts of services provided to customers and rental income receivable, net of value added tax.

Tangible assets depreciation policy
Provision is made for depreciation on all tangible assets, other than freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Equipment: 25% per annum on reducing balance

In accordance with SSAP19, no depreciation is provided in respect of freehold investment property. Since this property is held for investment rather than consumption purposes, the directors consider that a systematic annual depreciation would be inappropriate.

Other accounting policies
Investment property
Investment property is included at valuation, based on the open market value at the balance sheet date.

Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. Deferred taxation is calculated at the rates of tax that are expected to apply in the periods when the timing differences will reverse and has not been discounted.

2Tangible fixed assets

	£
Cost
At 1 July 2013	70,425
Additions	-
Disposals	(59,284)
Revaluations	-
Transfers	-
At 30 June 2014	11,141
Depreciation
At 1 July 2013	9,050
Charge for the year	523
On disposals	-
At 30 June 2014	9,573
Net book values
At 30 June 2014	1,568
At 30 June 2013	61,375

During the year, the company ceased to trade from its freehold property. Consequently, the property has been reclassified as an investment.

3Fixed assets Investments
Investments represent the company's freehold property. Following upon the company ceasing to trade from these premises, it has been reclassified as an investment and transferred from other tangible fixed assets.

The property originally cost £59,284 and was revalued by the director as at 30th June 2014 at £60,000.

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2