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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
Page
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Cfx London Limited Company Information for the year ended 31 March 2024
Director
Ismail Demir
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
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Cfx London Limited Statement of financial position as at 31 March 2024
2024 
Notes
£ 
Fixed assets
Intangible assets
550,000 
Tangible assets
60,300 
610,300 
Current assets
Inventories
169,826 
Debtors
279,997 
Cash at bank and in hand
172,849 
622,672 
Creditors: amounts falling due within one year
(1,178,972)
Net current liabilities
(556,300)
Net assets
54,000 
Capital and reserves
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
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Cfx London Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
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:
Plant & machinery
5 years
Fixtures & fittings
5 years
Intangible fixed assets
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 
£ 
Cost
At 1 April 2023
- 
Additions
600,000 
At 31 March 2024
600,000 
Amortisation
At 1 April 2023
- 
Charge for the year
50,000 
At 31 March 2024
50,000 
Net book value
At 31 March 2024
550,000 
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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 
At 1 April 2023
- 
- 
- 
Additions
35,000 
36,875 
71,875 
At 31 March 2024
35,000 
36,875 
71,875 
Depreciation
Charge for the year
7,000 
4,575 
11,575 
At 31 March 2024
7,000 
4,575 
11,575 
Net book value
At 31 March 2024
28,000 
32,300 
60,300 
6
Debtors
2024 
£ 
Amounts falling due within one year
VAT
91,795 
Trade debtors
188,202 
279,997 
7
Creditors: amounts falling due within one year
2024 
£ 
Trade creditors
415,269 
Taxes and social security
13,703 
Loans from directors
750,000 
1,178,972 
8
Share capital
2024 
£ 
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.
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