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Company Registration No. 12390614 (England and Wales)
FOREXLYFE LTD Unaudited accounts for the year ended 31 January 2024
FOREXLYFE LTD Unaudited accounts Contents
Page
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FOREXLYFE LTD Company Information for the year ended 31 January 2024
Director
Olanrewaju Yusuf Hazeez
Company Number
12390614 (England and Wales)
Registered Office
20-22 WENLOCK ROAD LONDON N1 7GU ENGLAND
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FOREXLYFE LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
275 
337 
Current assets
Cash at bank and in hand
19,890 
13,062 
Creditors: amounts falling due within one year
(18,988)
(14,749)
Net current assets/(liabilities)
902 
(1,687)
Net assets/(liabilities)
1,177 
(1,350)
Capital and reserves
Share premium
1 
1 
Profit and loss account
1,176 
(1,351)
Shareholders' funds
1,177 
(1,350)
For the year 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 14 October 2024 and were signed on its behalf by
Olanrewaju Yusuf Hazeez Director Company Registration No. 12390614
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FOREXLYFE LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
FOREXLYFE LTD is a private company, limited by shares, registered in England and Wales, registration number 12390614. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Depreciation at 18% reducing balance method
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 February 2023
500 
At 31 January 2024
500 
Depreciation
At 1 February 2023
163 
Charge for the year
62 
At 31 January 2024
225 
Net book value
At 31 January 2024
275 
At 31 January 2023
337 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
593 
- 
Loans from directors
17,495 
14,029 
Accruals
900 
720 
18,988 
14,749 
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FOREXLYFE LTD Notes to the Accounts for the year ended 31 January 2024
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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