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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
Page
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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
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Fin Center Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
4,827 
97,031 
Cash at bank and in hand
131,076 
149,205 
135,903 
246,236 
Creditors: amounts falling due within one year
(27,346)
(134,916)
Net current assets
108,557 
111,320 
Net assets
108,557 
111,320 
Capital and reserves
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
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Fin Center Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
(1,710)
95,062 
Accrued income and prepayments
1,230 
1,441 
Other debtors
5,307 
528 
4,827 
97,031 
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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 
Other creditors
6,624 
458 
Loans from directors
8,973 
9,061 
27,346 
134,916 
Short term creditors are measured at the transaction price. Other creditors of £6,675 are customer liabilities outstanding.
6
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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