Abbreviated Company Accounts - UK 1ST CHOICE LIMITED

UK 1ST CHOICE LIMITED - Company Information

06525990 UK 1ST CHOICE LIMITED 2014-03-30 false 2013-03-31 2014-03-30 true 06525990 2013-03-31 2014-03-30 06525990 2014-03-30 06525990 2013-03-30 06525990 uk-gaap-cd-bus:Director1 2013-03-31 2014-03-30 06525990 uk-gaap-cd-bus:Director2 2013-03-31 2014-03-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 2014-03-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-30 iso4217:GBP shares

Registered Number 06525990

UK 1ST CHOICE LIMITED

Abbreviated Accounts

30 March 2014

UK 1ST CHOICE LIMITED Registered Number 06525990

Abbreviated Balance Sheet as at 30 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	6,755	5,375
		6,755	5,375
Current assets
Stocks		71,356	55,993
Debtors		65,673	1,317
Cash at bank and in hand		15,170	17,763
		152,199	75,073
Creditors: amounts falling due within one year		(132,329)	(79,084)
Net current assets (liabilities)		19,870	(4,011)
Total assets less current liabilities		26,625	1,364
Total net assets (liabilities)		26,625	1,364
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		25,625	364
Shareholders' funds		26,625	1,364

For the year ending 30 March 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 31 December 2014

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 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
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit

2Tangible fixed assets

	£
Cost
At 31 March 2013	13,793
Additions	4,054
Disposals	-
Revaluations	-
Transfers	-
At 30 March 2014	17,847
Depreciation
At 31 March 2013	8,418
Charge for the year	2,674
On disposals	-
At 30 March 2014	11,092
Net book values
At 30 March 2014	6,755
At 30 March 2013	5,375

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

	2014 £	2013 £
1,000 Ordinary shares of £1 each	1,000	1,000