Company Registration No. 14568883 (England and Wales)
Effortless Foreign Exchange Ltd
Unaudited accounts
for the period from 4 January 2023 to 31 January 2024
Effortless Foreign Exchange Ltd
Unaudited accounts
Contents
Effortless Foreign Exchange Ltd
Company Information
for the period from 4 January 2023 to 31 January 2024
Director
Marcus Crispin Cottam HEDLEY
Secretary
Rebecca Kate HEDLEY
Company Number
14568883 (England and Wales)
Registered Office
C/O Tax Accountant
3 Brindley Place
Birmingham
West Midlands
B1 2JB
England
Accountants
Tax Accountant | Specialist Tax Consultancy
3 Brindley Place
Birmingham
West Midlands
B1 2JB
Effortless Foreign Exchange Ltd
Statement of financial position
as at 31 January 2024
Cash at bank and in hand
8,984
Creditors: amounts falling due within one year
(2,095)
Profit and loss account
6,888
For the period ending 31 January 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 director acknowledges his 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 and authorised for issue on 26 August 2024 and were signed on its behalf by
Marcus Crispin Cottam HEDLEY
Director
Company Registration No. 14568883
Effortless Foreign Exchange Ltd
Notes to the Accounts
for the period from 4 January 2023 to 31 January 2024
Effortless Foreign Exchange Ltd is a private company, limited by shares, registered in England and Wales, registration number 14568883. The registered office is C/O Tax Accountant, 3 Brindley Place, Birmingham, West Midlands, B1 2JB, England.
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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 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Investments in shares are included at fair value.
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Creditors: amounts falling due within one year
2024
Taxes and social security
1,615
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Average number of employees
During the period the average number of employees was 0.