Company Registration No. 11915870 (England and Wales)
Fin Center Limited
Unaudited accounts
for the year ended 31 March 2024
Fin Center Limited
Unaudited accounts
Contents
Fin Center Limited
Company Information
for the year ended 31 March 2024
Directors
Irina Litvinova
Stanislavs Rimsa
Company Number
11915870 (England and Wales)
Registered Office
SPACES MOORGATE
30 MOORGATE
LONDON
EC2R 6DN
ENGLAND
Fin Center Limited
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
131,076
149,205
Creditors: amounts falling due within one year
(27,346)
(134,916)
Net current assets
108,557
111,320
Net assets
108,557
111,320
Called up share capital
107,405
110,417
Capital contribution reserve
13,203
13,203
Profit and loss account
(12,051)
(12,300)
Shareholders' funds
108,557
111,320
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by
Stanislavs Rimsa
Director
Company Registration No. 11915870
Fin Center Limited
Notes to the Accounts
for the year ended 31 March 2024
Fin Center Limited is a private company, limited by shares, registered in England and Wales, registration number 11915870. The registered office is SPACES MOORGATE, 30 MOORGATE, LONDON, EC2R 6DN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Cash and cash equivalents
Cash is represented by cash in hand and deposits held with regulated financial institutions.
Cash held in trust for customers is held in safeguarded bank accounts under the requirements of the Payment Services Regulations 2017 and are subject to separate mandates agreed and governed by the company together with the company's bankers in order to segregate such funds from other company assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.
Revenue on currency exchange services is recognised once the company's obligation has been completed, i.e. the converted currency delivered to the customer's account. Revenue on money transfer services is recognised once the transferred money delivered to the recipient.
Amounts falling due within one year
Trade debtors
(1,710)
95,062
Accrued income and prepayments
1,230
1,441
Fin Center Limited
Notes to the Accounts
for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
11,603
125,205
Taxes and social security
146
192
Loans from directors
8,973
9,061
Short term creditors are measured at the transaction price.
Other creditors of £6,675 are customer liabilities outstanding.
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Average number of employees
During the year the average number of employees was 3 (2023: 3).