Abbreviated Company Accounts - UK 1ST CHOICE LIMITED

UK 1ST CHOICE LIMITED - Company Information

06525990 UK 1ST CHOICE LIMITED 2016-03-30 false 2015-03-31 2016-03-30 true 06525990 2015-03-31 2016-03-30 06525990 2016-03-30 06525990 2015-03-30 06525990 uk-gaap-cd-bus:Director1 2015-03-31 2016-03-30 06525990 uk-gaap-cd-bus:Director2 2015-03-31 2016-03-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 2016-03-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-30 iso4217:GBP shares

Registered Number 06525990

UK 1ST CHOICE LIMITED

Abbreviated Accounts

30 March 2016

UK 1ST CHOICE LIMITED Registered Number 06525990

Abbreviated Balance Sheet as at 30 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	3,443	4,591
		3,443	4,591
Current assets
Stocks		71,440	103,699
Debtors		220,166	193,782
Cash at bank and in hand		9,540	8,202
		301,146	305,683
Creditors: amounts falling due within one year		(123,769)	(120,520)
Net current assets (liabilities)		177,377	185,163
Total assets less current liabilities		180,820	189,754
Total net assets (liabilities)		180,820	189,754
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		179,820	188,754
Shareholders' funds		180,820	189,754

For the year ending 30 March 2016 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 27 December 2016

And signed on their behalf by:
M Peacock, Director

UK 1ST CHOICE LIMITED Registered Number 06525990

Notes to the Abbreviated Accounts for the period ended 30 March 2016

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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant & Machinery - 25% reducing balance
Motor Vehicles - 25% reducing balance
Equipment - Over 3 years

Other accounting policies
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

2Tangible fixed assets

	£
Cost
At 31 March 2015	17,847
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 March 2016	17,847
Depreciation
At 31 March 2015	13,256
Charge for the year	1,148
On disposals	-
At 30 March 2016	14,404
Net book values
At 30 March 2016	3,443
At 30 March 2015	4,591

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1,000 Ordinary shares of £1 each	1,000	1,000