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REGISTERED NUMBER: 04428525 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

FOR

FIRST CHOICE FOODS LIMITED

FIRST CHOICE FOODS LIMITED (REGISTERED NUMBER: 04428525)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FIRST CHOICE FOODS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2017







DIRECTORS: Mr M Gravestock
Mrs R Gravestock





REGISTERED OFFICE: Unit 3
Hawkley Trading Estate
Worthington Way
WIGAN
WN3 6XE





REGISTERED NUMBER: 04428525 (England and Wales)





ACCOUNTANTS: SBCA Chartered Accountants
17 Moor Park Avenue
Preston
Lancashire
PR1 6AS

FIRST CHOICE FOODS LIMITED (REGISTERED NUMBER: 04428525)

BALANCE SHEET
30 APRIL 2017

30.4.17 30.4.16
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,130 2,506

CURRENT ASSETS
Stocks 5 13,719 15,664
Debtors 6 26,460 42,547
Cash at bank 6 76
40,185 58,287
CREDITORS
Amounts falling due within one year 7 (56,546 ) (72,616 )
NET CURRENT LIABILITIES (16,361 ) (14,329 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(14,231

)

(11,823

)

PROVISIONS FOR LIABILITIES 8 (136 ) (148 )
NET LIABILITIES (14,367 ) (11,971 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 (14,467 ) (12,071 )
SHAREHOLDERS' FUNDS (14,367 ) (11,971 )

FIRST CHOICE FOODS LIMITED (REGISTERED NUMBER: 04428525)

BALANCE SHEET - continued
30 APRIL 2017


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 29 January 2018 and were signed on
its behalf by:





Mr M Gravestock - Director


FIRST CHOICE FOODS LIMITED (REGISTERED NUMBER: 04428525)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2017


1. STATUTORY INFORMATION

First Choice Foods 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.

These accounts have been prepared on a going concern basis, on the understanding that the
director's will continue to financially support the company during this period.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

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.

FIRST CHOICE FOODS LIMITED (REGISTERED NUMBER: 04428525)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2017


2. ACCOUNTING POLICIES - continued

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 2 .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 May 2016
and 30 April 2017 2,666 10,229 12,895
DEPRECIATION
At 1 May 2016 2,395 7,994 10,389
Charge for year 79 297 376
At 30 April 2017 2,474 8,291 10,765
NET BOOK VALUE
At 30 April 2017 192 1,938 2,130
At 30 April 2016 271 2,235 2,506

5. STOCKS
30.4.17 30.4.16
£    £   
Stocks 13,719 15,664

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.17 30.4.16
£    £   
Trade debtors 14,210 11,000
Directors' current accounts 1,866 19,452
Tax 5,898 5,292
VAT - 2,366
Prepayments 4,486 4,437
26,460 42,547

FIRST CHOICE FOODS LIMITED (REGISTERED NUMBER: 04428525)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2017


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.17 30.4.16
£    £   
Bank loans and overdrafts 12,188 10,782
Trade creditors 26,554 22,182
Tax 2,543 12,049
VAT 502 -
Other creditors 14,759 18,247
Directors' current accounts - 9,356
56,546 72,616

8. PROVISIONS FOR LIABILITIES
30.4.17 30.4.16
£    £   
Deferred tax 136 148

Deferred
tax
£   
Balance at 1 May 2016 148
Provided during year (12 )
Balance at 30 April 2017 136

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.17 30.4.16
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 May 2016 (12,071 )
Profit for the year 7,604
Dividends (10,000 )
At 30 April 2017 (14,467 )

FIRST CHOICE FOODS LIMITED (REGISTERED NUMBER: 04428525)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2017


11. RELATED PARTY DISCLOSURES

Mr M Gravestock

At the balance sheet date the amount owed by Mr Gravestock was £1,865 (2016: £19,452.). Interest
has been charged on the overdrawn amounts at the approved rate. Dividends of £5,000 (2016:
£13,550) were paid during the year.

Mrs R Gravestock

At the balance sheet date the amount due to Mrs Gravestock was £nil (amount due from Mrs
Gravestock in 2016 was £9,356). Interest has been charged on the overdrawn amounts at the
approved rate. Dividends of £5,000 (2016: £13,550) were paid during the year.

12. ULTIMATE CONTROLLING PARTY

The company is controlled by the director's who own 100% of the called up share capital.

13. TRANSITION TO FRS102

A transitional report has not been included in the financial statements as no significant adjustments
were required.