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REGISTERED NUMBER: 09026053 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Leftover Currency Limited

Leftover Currency Limited (Registered number: 09026053)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Leftover Currency Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: M R C Van Poppel
Mrs A M Ruchala





SECRETARY:





REGISTERED OFFICE: Unit 1
Portland Business Centre
Manor House Lane
Datchet
Berkshire
SL3 9EG





REGISTERED NUMBER: 09026053 (England and Wales)





ACCOUNTANTS: Tim O'Brien CA
The Green
Datchet
Berkshire
SL3 9AS

Leftover Currency Limited (Registered number: 09026053)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 10,076 13,436
Investments 6 258,000 258,000
268,076 271,436

CURRENT ASSETS
Stocks 406,841 337,824
Debtors 7 200,030 138,349
Cash at bank and in hand 424,224 252,890
1,031,095 729,063
CREDITORS
Amounts falling due within one year 8 464,028 426,253
NET CURRENT ASSETS 567,067 302,810
TOTAL ASSETS LESS CURRENT
LIABILITIES

835,143

574,246

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 835,043 574,146
SHAREHOLDERS' FUNDS 835,143 574,246

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

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

The directors acknowledge their 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.

Leftover Currency Limited (Registered number: 09026053)

Balance Sheet - continued
31 May 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 Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by:





M R C Van Poppel - Director


Leftover Currency Limited (Registered number: 09026053)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Leftover Currency Limited 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Leftover Currency Limited (Registered number: 09026053)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 May 2024 70,807
AMORTISATION
At 1 June 2023
and 31 May 2024 70,807
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 57,986
DEPRECIATION
At 1 June 2023 44,550
Charge for year 3,360
At 31 May 2024 47,910
NET BOOK VALUE
At 31 May 2024 10,076
At 31 May 2023 13,436

Leftover Currency Limited (Registered number: 09026053)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 258,000 9,779 267,779
PROVISIONS
At 1 June 2023
and 31 May 2024 - 9,779 9,779
NET BOOK VALUE
At 31 May 2024 258,000 - 258,000
At 31 May 2023 258,000 - 258,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors - 35
Other debtors 200,030 138,314
200,030 138,349

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 217,513 197,946
Taxation and social security 112,422 81,847
Other creditors 134,093 146,460
464,028 426,253