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REGISTERED NUMBER: 07803573 (England and Wales)

















Unaudited Financial Statements for the Year Ended 29 June 2023

for

Eco-FX Limited

Eco-FX Limited (Registered number: 07803573)






Contents of the Financial Statements
for the Year Ended 29 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Eco-FX Limited

Company Information
for the Year Ended 29 June 2023







DIRECTOR: Mr J P Gibb





REGISTERED OFFICE: c/o Sutton Mcgrath Ltd
5 Westbrook Court
Sharrowvale Road
Sheffield
South Yorkshire
S11 8YZ





REGISTERED NUMBER: 07803573 (England and Wales)





ACCOUNTANTS: Sutton McGrath Hartley Limited
5 Westbrook Court
Sharrowvale Road
Sheffield
S11 8YZ

Eco-FX Limited (Registered number: 07803573)

Statement of Financial Position
29 June 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Property, plant and equipment 4 2,448 5,385

CURRENT ASSETS
Inventories 24,000 24,000
Debtors 5 14,462 80,074
Cash at bank 35,770 59,906
74,232 163,980
CREDITORS
Amounts falling due within one year 6 18,036 40,726
NET CURRENT ASSETS 56,196 123,254
TOTAL ASSETS LESS CURRENT LIABILITIES 58,644 128,639

CREDITORS
Amounts falling due after more than one
year

7

37,658

45,490
NET ASSETS 20,986 83,149

CAPITAL AND RESERVES
Called up share capital 8 201 200
Retained earnings 20,785 82,949
SHAREHOLDERS' FUNDS 20,986 83,149

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 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.

Eco-FX Limited (Registered number: 07803573)

Statement of Financial Position - continued
29 June 2023


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 22 November 2023 and were signed by:





Mr J P Gibb - Director


Eco-FX Limited (Registered number: 07803573)

Notes to the Financial Statements
for the Year Ended 29 June 2023

1. STATUTORY INFORMATION

Eco-FX 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
Revenue 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 the cost less estimated residual value of each asset over its estimated useful life.
Motor vehicles - 20% on cost
Office equipment - 25% on reducing balance

Stocks
Inventories 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Eco-FX Limited (Registered number: 07803573)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2023

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 30 June 2022
and 29 June 2023 3,316 8,532 10,555 5,603 28,006
DEPRECIATION
At 30 June 2022 2,288 8,277 8,438 3,618 22,621
Charge for year 257 76 2,111 493 2,937
At 29 June 2023 2,545 8,353 10,549 4,111 25,558
NET BOOK VALUE
At 29 June 2023 771 179 6 1,492 2,448
At 29 June 2022 1,028 255 2,117 1,985 5,385

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors - 37,735
Other debtors 14,462 42,339
14,462 80,074

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 5,198 6,508
Hire purchase contracts - 1,639
Trade creditors 2,352 19,114
Taxation and social security 7,906 11,890
Other creditors 2,580 1,575
18,036 40,726

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans 37,658 42,856
Hire purchase contracts - 2,634
37,658 45,490

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 15,519 21,263

Eco-FX Limited (Registered number: 07803573)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
166 Ordinary £1 126 166
34 B shares £1 74 34
1 C Shares £1 1 -
201 200

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 June 2023 and 29 June 2022:

2023 2022
£ £
Mr J P Gibb
Balance outstanding at start of year 42,243 25,811
Amounts advanced 81,502 110,844
Amounts repaid (109,804 ) (94,412 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,941 42,243

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J Gibb.