REGISTERED NUMBER: 01962666 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

REPCHOICE LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Singh

Mrs S Kaur

SECRETARY:

M Singh

REGISTERED OFFICE:

Torne Lea House

Station Road

Rossington

DONCASTER

South Yorkshire

DN11 0EB

REGISTERED NUMBER:

01962666 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

388,292

424,890

Investment property

6

130,000

130,000

518,292

554,890

CURRENT ASSETS

Stocks

411,349

352,017

Debtors

330,445

340,599

Cash at bank and in hand

4,914,777

4,483,974

5,656,571

5,176,590

CREDITORS

Amounts falling due within one year

977,514

903,149

NET CURRENT ASSETS

4,679,057

4,273,441

TOTAL ASSETS LESS CURRENT LIABILITIES

5,197,349

4,828,331

PROVISIONS FOR LIABILITIES

7

28,653

34,689

NET ASSETS

5,168,696

4,793,642

CAPITAL AND RESERVES

Called up share capital

202

202

Retained earnings

5,168,494

4,793,440

SHAREHOLDERS' FUNDS

5,168,696

4,793,642

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 25 August 2017 and were signed on its behalf by:

Mrs S Kaur - Director

1.	STATUTORY INFORMATION

Repchoice 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

2% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2016 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

and 31 March 2017

587

AMORTISATION

At 1 April 2016

and 31 March 2017

587

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

1,017,087

Additions

47,699

Disposals

(78,105

)

At 31 March 2017

986,681

DEPRECIATION

At 1 April 2016

592,197

Charge for year

75,074

Eliminated on disposal

(68,882

)

At 31 March 2017

598,389

NET BOOK VALUE

At 31 March 2017

388,292

At 31 March 2016

424,890

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2016

and 31 March 2017

192,961

DEPRECIATION

At 1 April 2016

and 31 March 2017

62,961

NET BOOK VALUE

At 31 March 2017

130,000

At 31 March 2016

130,000

7.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

28,653

34,689

Deferred

tax

£

Balance at 1 April 2016

34,689

Charge for the year

(6,036

)

Balance at 31 March 2017

28,653

The deferred taxation charge is all in respect of accelerated capital allowances.

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Peter Mellor BA FCA (Senior Statutory Auditor)

for and on behalf of Glover & Co

9.	OTHER FINANCIAL COMMITMENTS

The company is committed to pay ground rent of £3,415 per year in respect of the leasehold property for the

duration of the lease or until it re-assigns the lease to another party. At present there is 58 years left on the lease

giving a current commitment of £198,070.00 (2016: £201,485.00).

10.	RELATED PARTY DISCLOSURES

11.	APB ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns

to the tax authorities and assist with the preparation of the financial statements.

12.	ULTIMATE CONTROLLING PARTY