Company Registration No. 14711748 (England and Wales)
Cfx London Limited
Unaudited accounts
for the year ended 31 March 2024
Cfx London Limited
Unaudited accounts
Contents
Cfx London Limited
Company Information
for the year ended 31 March 2024
Company Number
14711748 (England and Wales)
Registered Office
Continental Food Exchange
647-661 High Road Leytonstone
London
London
E11 4RD
England
Accountants
Abacus Financial Accountants
12 Douglas Road
Goodmayes
London
IG3 8UX
Cfx London Limited
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
172,849
Creditors: amounts falling due within one year
(1,178,972)
Net current liabilities
(556,300)
Called up share capital
100
Profit and loss account
53,900
Shareholders' funds
54,000
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 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 15 October 2024 and were signed on its behalf by
Ismail Demir
Director
Company Registration No. 14711748
Cfx London Limited
Notes to the Accounts
for the year ended 31 March 2024
Cfx London Limited is a private company, limited by shares, registered in England and Wales, registration number 14711748. The registered office is Continental Food Exchange, 647-661 High Road Leytonstone, London, London, E11 4RD, 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 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.
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
5 years
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation, estimated to be over a ten year period.
4
Intangible fixed assets
Goodwill
Charge for the year
50,000
Cfx London Limited
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
Additions
35,000
36,875
71,875
At 31 March 2024
35,000
36,875
71,875
Charge for the year
7,000
4,575
11,575
At 31 March 2024
7,000
4,575
11,575
At 31 March 2024
28,000
32,300
60,300
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
Taxes and social security
13,703
Loans from directors
750,000
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
Shares issued during the period:
100 Ordinary shares of £1 each
100
9
Average number of employees
During the year the average number of employees was 11.