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REGISTERED NUMBER: 06866898 (England and Wales)















Unaudited Financial Statements For The Year Ended 31st March 2023

for

Currencies 4 You Limited

Currencies 4 You Limited (Registered number: 06866898)






Contents of the Financial Statements
For The Year Ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Currencies 4 You Limited

Company Information
For The Year Ended 31st March 2023







DIRECTOR: S S Gokani





REGISTERED OFFICE: Regus House
Victory Way Admirals Park
Crossway
Dartford
Kent
DA2 6QD





REGISTERED NUMBER: 06866898 (England and Wales)





ACCOUNTANTS: Dua & Co. Limited
1st Floor
5 Century Court
Tolpits Lane
Watford
Hertfordshire
WD18 9PX

Currencies 4 You Limited (Registered number: 06866898)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,206 21,433

CURRENT ASSETS
Debtors 5 247,972 159,906
Cash at bank and in hand 152,454 80,002
400,426 239,908
CREDITORS
Amounts falling due within one year 6 174,169 52,745
NET CURRENT ASSETS 226,257 187,163
TOTAL ASSETS LESS CURRENT LIABILITIES 277,463 208,596

CREDITORS
Amounts falling due after more than one year 7 36,459 46,065
NET ASSETS 241,004 162,531

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 241,003 162,530
SHAREHOLDERS' FUNDS 241,004 162,531

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 4th October 2023 and were signed by:





S S Gokani - Director


Currencies 4 You Limited (Registered number: 06866898)

Notes to the Financial Statements
For The Year Ended 31st March 2023

1. STATUTORY INFORMATION

Currencies 4 You 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents commissions receivable, net of compliance charges.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 12 (2022 - 10 ) .

Currencies 4 You Limited (Registered number: 06866898)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2022 104,701
Additions 35,455
At 31st March 2023 140,156
DEPRECIATION
At 1st April 2022 83,268
Charge for year 5,682
At 31st March 2023 88,950
NET BOOK VALUE
At 31st March 2023 51,206
At 31st March 2022 21,433

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 247,972 109,906
Other debtors - 50,000
247,972 159,906

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 25,141 33,500
Taxation and social security 18,941 19,245
Other creditors 130,087 -
174,169 52,745

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 36,459 46,065

Currencies 4 You Limited (Registered number: 06866898)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2023 and 31st March 2022:

2023 2022
£    £   
S S Gokani
Balance outstanding at start of year 50,000 -
Amounts advanced - 50,000
Amounts repaid (50,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 50,000