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REGISTERED NUMBER: 09965934 (England and Wales)















MORE-FX LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






MORE-FX LTD (REGISTERED NUMBER: 09965934)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MORE-FX LTD

COMPANY INFORMATION
For The Year Ended 31 March 2024







DIRECTOR: R Morency





REGISTERED OFFICE: 104 Southover
London
N12 7HD





REGISTERED NUMBER: 09965934 (England and Wales)





ACCOUNTANTS: Eric R Jenkins FCA
Chartered Accountants
104 Southover
London
N12 7HD

MORE-FX LTD (REGISTERED NUMBER: 09965934)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,281 144

CURRENT ASSETS
Debtors 5 21,849 18,217
Cash at bank 14,283 15,925
36,132 34,142
CREDITORS
Amounts falling due within one year 6 26,137 19,345
NET CURRENT ASSETS 9,995 14,797
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,276

14,941

CREDITORS
Amounts falling due after more than one
year

7

10,152

14,227
NET ASSETS 1,124 714

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 1,123 713
SHAREHOLDERS' FUNDS 1,124 714

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MORE-FX LTD (REGISTERED NUMBER: 09965934)

BALANCE SHEET - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 November 2024 and were signed by:





R Morency - Director


MORE-FX LTD (REGISTERED NUMBER: 09965934)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

More-FX Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 April 2023 969
Additions 1,563
At 31 March 2024 2,532
DEPRECIATION
At 1 April 2023 825
Charge for year 426
At 31 March 2024 1,251
NET BOOK VALUE
At 31 March 2024 1,281
At 31 March 2023 144

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 11,873 6,120
Other debtors 9,976 12,097
21,849 18,217

MORE-FX LTD (REGISTERED NUMBER: 09965934)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 24,847 18,175
Other creditors 1,290 1,170
26,137 19,345

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 10,152 14,227

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Ordinary 1 1 1

9. RESERVES
Retained
earnings
£   

At 1 April 2023 713
Profit for the year 70,410
Dividends (70,000 )
At 31 March 2024 1,123