PRODUCERS CHOICE LTD - Accounts

PRODUCERS CHOICE LTD - Accounts

PRODUCERS CHOICE LTD - Company Information

Print Friendly Version

2020-07-01 2021-06-30 false No description of principal activity Acting Office - Tax and Accounts 1.0 08475986 bus:FullAccounts 2020-07-01 2021-06-30 08475986 bus:Micro-entities 2020-07-01 2021-06-30 08475986 bus:AuditExempt-NoAccountantsReport 2020-07-01 2021-06-30 08475986 bus:SmallCompaniesRegimeForAccounts 2020-07-01 2021-06-30 08475986 bus:PrivateLimitedCompanyLtd 2020-07-01 2021-06-30 08475986 2020-07-01 2021-06-30 08475986 2021-06-30 08475986 bus:RegisteredOffice 2020-07-01 2021-06-30 08475986 core:WithinOneYear 2021-06-30 08475986 core:AfterOneYear 2021-06-30 08475986 2019-07-01 08475986 bus:Director1 2020-07-01 2021-06-30 08475986 bus:Director1 2021-06-30 08475986 bus:Director1 2019-07-01 2020-06-30 08475986 bus:CompanySecretary1 2020-07-01 2021-06-30 08475986 bus:LeadAgentIfApplicable 2020-07-01 2021-06-30 08475986 2019-07-01 2020-06-30 08475986 2020-06-30 08475986 core:WithinOneYear 2020-06-30 08475986 core:AfterOneYear 2020-06-30 08475986 bus:EntityAccountantsOrAuditors 2019-07-01 2020-06-30 08475986 bus:OrdinaryShareClass1 2020-07-01 2021-06-30 08475986 bus:OrdinaryShareClass1 2021-06-30 08475986 bus:OrdinaryShareClass1 2019-07-01 2020-06-30 08475986 bus:OrdinaryShareClass1 2020-06-30 08475986 core:ComputerEquipment 2020-07-01 2021-06-30 08475986 core:ComputerEquipment 2021-06-30 08475986 core:ComputerEquipment 2020-06-30 08475986 core:OfficeEquipment 2020-07-01 2021-06-30 08475986 core:OfficeEquipment 2021-06-30 08475986 core:OfficeEquipment 2020-06-30 08475986 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2021-06-30 08475986 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2020-06-30 08475986 core:PatentsTrademarksLicencesConcessionsSimilar 2020-07-01 2021-06-30 08475986 core:PatentsTrademarksLicencesConcessionsSimilar 2021-06-30 08475986 core:PatentsTrademarksLicencesConcessionsSimilar 2020-06-30 08475986 core:CostValuation core:Non-currentFinancialInstruments 2021-06-30 08475986 core:CostValuation core:Non-currentFinancialInstruments 2020-06-30 08475986 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2021-06-30 08475986 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2021-06-30 08475986 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2021-06-30 08475986 core:Non-currentFinancialInstruments 2021-06-30 08475986 core:Non-currentFinancialInstruments 2020-06-30 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 08475986
England and Wales

 

 

 


Report of the Director and Unaudited Financial Statements

for the year ended 30 June 2021

for

PRODUCERS CHOICE LTD

PRODUCERS CHOICE LTD
Statement of financial position
As at 30 June 2021
 
 		  
£		 2021
£		    
£		 2020
£
Fixed assets 8,772  16,346 
Current assets 367,624  400,803 
Creditors: amount falling due within one year (113,022) (114,644)
Net current assets 254,602  286,159 
Total assets less current liabilities 263,374  302,505 
Provisions for liabilities -  (2,222)
Net assets 263,374  300,283 
 
Capital and reserves 263,374  300,283 
 
  1. For the year ended 30 June 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Jay Chambers
Director

Date approved: 29 July 2022
1

PRODUCERS CHOICE LTD
Notes to the accounts
For the year ended 30 June 2021

Statutory Information
PRODUCERS CHOICE LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 08475986, registration address 35 Ladyfield Street, Wilmslow, SK9 1BR, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment25% Reducing Balance
Office Equipment25% Reducing Balance
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
2.

Intangible fixed assets

Cost or Valuation Patents, trademarks & licenses   Total
  £   £
At 01 July 2020 13,674    13,674 
Additions -    - 
Disposals -    - 
At 30 June 2021 13,674    13,674 
Amortisation
At 01 July 2020 9,024    9,024 
Charge for year 4,650    4,650 
On disposals -    - 
At 30 June 2021 13,674    13,674 
Net book values
At 30 June 2021 -    - 
At 30 June 2020 4,650    4,650 

3.

Tangible fixed assets

Cost or Valuation Computer Equipment   Office Equipment   Total
  £   £   £
At 01 July 2020 7,260    12,579    19,839 
Additions -    -    - 
Disposals -    -    - 
At 30 June 2021 7,260    12,579    19,839 
Depreciation
At 01 July 2020 2,496    5,647    8,143 
Charge for year 1,191    1,733    2,924 
On disposals -    -    - 
At 30 June 2021 3,687    7,380    11,067 
Net book values
Closing balance as at 30 June 2021 3,573    5,199    8,772 
Opening balance as at 01 July 2020 4,764    6,932    11,696 

4.

Average number of employees

Average number of employees during the year was 0  (2020: 1).
2