REGISTERED NUMBER: |
UFG FX Ltd |
Unaudited Financial Statements |
for the Period 1 April 2023 to 31 October 2023 |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
BUSINESS ADDRESS: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Capital redemption reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Plant and machinery etc | - |
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 |
AMORTISATION |
At 1 April 2023 |
and 31 October 2023 |
NET BOOK VALUE |
At 31 October 2023 |
At 31 March 2023 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 April 2023 |
Disposals | ( |
) |
At 31 October 2023 |
DEPRECIATION |
At 1 April 2023 |
Charge for period |
Eliminated on disposal | ( |
) |
At 31 October 2023 |
NET BOOK VALUE |
At 31 October 2023 |
At 31 March 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2023 |
£ | £ |
Other debtors |
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 |
Other creditors |