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REGISTERED NUMBER: 10670754 (England and Wales)















UFG FX Ltd

Unaudited Financial Statements

for the Period 1 April 2023 to 31 October 2023






UFG FX Ltd (Registered number: 10670754)






Contents of the Financial Statements
for the Period 1 April 2023 to 31 October 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


UFG FX Ltd

Company Information
for the Period 1 April 2023 to 31 October 2023







DIRECTORS: J C King
S R Brooks
R J B Morris





REGISTERED OFFICE: 3 - 5 London Road
Rainham
Gillingham
Kent
ME8 7RG





BUSINESS ADDRESS: Vinters Business Park
New Cut Road
Maidstone
Kent
ME14 5NZ





REGISTERED NUMBER: 10670754 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

UFG FX Ltd (Registered number: 10670754)

Statement of Financial Position
31 October 2023

2023 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 7
- 7

CURRENT ASSETS
Debtors 6 61,329 101,329
Cash at bank 267,281 208,118
328,610 309,447
CREDITORS
Amounts falling due within one year 7 36,902 20,565
NET CURRENT ASSETS 291,708 288,882
TOTAL ASSETS LESS CURRENT LIABILITIES 291,708 288,889

CAPITAL AND RESERVES
Called up share capital 333 333
Capital redemption reserve 167 167
Retained earnings 291,208 288,389
SHAREHOLDERS' FUNDS 291,708 288,889

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2023 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.

UFG FX Ltd (Registered number: 10670754)

Statement of Financial Position - continued
31 October 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 Board of Directors and authorised for issue on 3 April 2024 and were signed on its behalf by:




J C King - Director



R J B Morris - Director


UFG FX Ltd (Registered number: 10670754)

Notes to the Financial Statements
for the Period 1 April 2023 to 31 October 2023

1. STATUTORY INFORMATION

UFG FX Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income recognition
Turnover is measured at the fair value of commission 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.
Plant and machinery etc - 33% on cost

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation
Taxation for the period 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.

Frequency of reporting
As a result of shortening its accounting period end from 31 March 2024 to 31 October 2023, the company is reporting on an seven month period. Consequently the comparative amounts presented in the financial statements (including the notes) are not entirely comparable.
The directors affected the change in order to align the period end with other related businesses in which they hold interests.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

UFG FX Ltd (Registered number: 10670754)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 31 October 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 October 2023 4,974
AMORTISATION
At 1 April 2023
and 31 October 2023 4,974
NET BOOK VALUE
At 31 October 2023 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 1,491
Disposals (762 )
At 31 October 2023 729
DEPRECIATION
At 1 April 2023 1,484
Charge for period 7
Eliminated on disposal (762 )
At 31 October 2023 729
NET BOOK VALUE
At 31 October 2023 -
At 31 March 2023 7

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Other debtors 61,329 101,329

UFG FX Ltd (Registered number: 10670754)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 31 October 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Taxation and social security 15,224 13,921
Other creditors 21,678 6,644
36,902 20,565