Registered number |
Registered number: | |||||||
Balance Sheet | |||||||
as at |
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Notes | 2022 | 2021 | |||||
€ | € | ||||||
Current assets | |||||||
Debtors | 4 | ||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 5 | ( |
( |
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Net current assets | |||||||
Net assets | |||||||
Capital and reserves | |||||||
Called up share capital | |||||||
Profit and loss account | |||||||
Shareholders' funds | |||||||
J Podbrezskis | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
The accounts are presented in Euros, which is the functional currency of the entity. |
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Turnover | ||||||||
Turnover relating to commission income derived from payment processing is recognised on receipt of remittances on behalf of clients in the client account, and upon client authorisations to undertake currency transactions for immediate or forward delivery. Turnover generated from account maintenance is recognised when the service is provided and the amount received or receivable can be measured reliably. Turnover from foreign currency exchange relates to the forex earned by the company from execution of foreign currency transactions, commissions and charges from such transactions and revaluation of foreign currency belances. Revenuefrom foreign exchange gain or loss is recognised at the point of execution of such transactions upon authorisations received from the client. |
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Debtors | ||||||||
Creditors | ||||||||
Taxation | ||||||||
Provisions | ||||||||
Foreign currency translation | ||||||||
Leased assets | ||||||||
Financial instruments | ||||||||
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties and investments in non puttable ordinary shares. Financial assets that are measured at cost and amortised are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement. For financial assets measured at amortised cost, the impairment loss is measured as the difference between as asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate of the recoverable amount, which is an approximation of the amount that the companywould receive for the asset if it were to be sold at the reporting date. Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on net basis or to realise the assets and settle the liability simultaneously. |
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2 | Audit information | |||||||
Senior statutory auditor: | ||||||||
Firm: | ||||||||
Date of audit report: | ||||||||
3 | Employees | 2022 | 2021 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
4 | Debtors | 2022 | 2021 | |||||
€ | € | |||||||
Other debtors | ||||||||
5 | Creditors: amounts falling due within one year | 2022 | 2021 | |||||
€ | € | |||||||
Trade creditors | ||||||||
Taxation and social security costs | ||||||||
Other creditors | ||||||||
6 | Share capital | Nominal | 2022 | 2022 | 2021 | |||
value | Number | € | € | |||||
£1.00 each | 310,000 | 349,719 | 349,719 | |||||
7 | Other financial commitments | 2022 | 2021 | |||||
€ | € | |||||||
Total future minimum payments under non-cancellable operating leases | - | |||||||
8 | Related party transactions | |||||||
9 | Controlling party | |||||||
10 | Other information | |||||||
Moneliq Limited is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
6-9 The Square | ||||||||
Stockley Park | ||||||||
Uxbridge | ||||||||
Hillingdon | ||||||||
UB11 1FW | ||||||||
11 | Client Funds | |||||||
At the reporting date, the company held client funds amounting to €781,161 (2022 - €2,544,351) which equals the cash and other accounting balances held on behalf of these clients. These amounts are segregated and since they are not beneficially owned by the company, they have not been recognised in the financial statements. |