1st Choice Windows (Uk) Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 06582908 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st May 2022

for

1st Choice Windows (Uk) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A P Saunders

REGISTERED OFFICE:

Central Chambers

227 London Road

Hadleigh

Benfleet

Essex

SS7 2RF

REGISTERED NUMBER:

06582908 (England and Wales)

ACCOUNTANTS:

Field & Co LLP

Central Chambers

227 London Road

Hadleigh

Benfleet

Essex

SS7 2RF

FIXED ASSETS

Tangible assets

4

22,485

12,919

Investments

5

44,600

43,500

67,085

56,419

CURRENT ASSETS

Debtors

6

34,526

19,021

Cash at bank

76,267

17,887

110,793

36,908

CREDITORS

Amounts falling due within one year

7

50,114

39,485

NET CURRENT ASSETS/(LIABILITIES)

60,679

(2,577

)

TOTAL ASSETS LESS CURRENT LIABILITIES

127,764

53,842

CREDITORS

Amounts falling due after more than one year

8

(30,558

)

(40,493

)

PROVISIONS FOR LIABILITIES

10

(4,272

)

(2,455

)

NET ASSETS

92,934

10,894

CAPITAL AND RESERVES

Called up share capital

11

1

1

Retained earnings

12

92,933

10,893

SHAREHOLDERS' FUNDS

92,934

10,894

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2022.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st May 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28th February 2023 and were signed by:

Mr A P Saunders - Director

1.	STATUTORY INFORMATION

1st Choice Windows (Uk) 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.

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.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1st June 2021

12,829

28,333

5,921

47,083

Additions

16,500

-

-

16,500

At 31st May 2022

29,329

28,333

5,921

63,583

DEPRECIATION

At 1st June 2021

9,287

19,946

4,931

34,164

Charge for year

5,010

1,677

247

6,934

At 31st May 2022

14,297

21,623

5,178

41,098

NET BOOK VALUE

At 31st May 2022

15,032

6,710

743

22,485

At 31st May 2021

3,542

8,387

990

12,919

No Fixed assets are subject to finance leases or hire purchase contracts.

5.	FIXED ASSET INVESTMENTS

Other

loans

£

At 1st June 2021

43,500

New in year

1,100

At 31st May 2022

44,600

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/22

31/5/21

£

£

Trade debtors

11,896

12

Amounts owed by group undertakings

13,902

13,914

Other debtors

8,728

5,095

34,526

19,021

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/22

31/5/21

£

£

Bank loans and overdrafts (see note 9)

9,715

9,507

Trade creditors

11,500

11,876

Taxation and social security

21,882

11,113

Other creditors

7,017

6,989

50,114

39,485

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/5/22

31/5/21

£

£

Bank loans (see note 9)

30,558

40,493

9.

LOANS

An analysis of the maturity of loans is given below:

31/5/22

31/5/21

£

£

Amounts falling due within one year or on demand:

Bank loans

9,715

9,507

Amounts falling due between one and two years:

Bank loans - 1-2 years

9,999

9,747

Amounts falling due between two and five years:

Bank loans - 2-5 years

20,559

30,746

10.	PROVISIONS FOR LIABILITIES

31/5/22

31/5/21

£

£

Deferred tax

4,272

2,455

Deferred

tax

£

Balance at 1st June 2021

2,455

Deferred Tax

1,817

Balance at 31st May 2022

4,272

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/5/22

31/5/21

value:

£

£

1

Ordinary Shares

£1

1

1

12.

RESERVES

Retained

earnings

£

At 1st June 2021

10,893

Profit for the year

95,490

Dividends

(13,450

)

At 31st May 2022

92,933

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr A P Saunders.