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REGISTERED NUMBER: 10018555 (England and Wales)













TECHNICAL FX GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






TECHNICAL FX GROUP LIMITED (REGISTERED NUMBER: 10018555)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


TECHNICAL FX GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: J F Ford





REGISTERED OFFICE: 8 Hilton Avenue
London
N12 9HB





REGISTERED NUMBER: 10018555 (England and Wales)





ACCOUNTANTS: John Crook & Partners
Chartered Accountants
255 Green Lanes
Palmers Green
London
N13 4XE

TECHNICAL FX GROUP LIMITED (REGISTERED NUMBER: 10018555)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 11,119 13,519
11,119 13,519

CURRENT ASSETS
Debtors 6 - 10,000
Cash at bank 36,404 48,893
36,404 58,893
CREDITORS
Amounts falling due within one year 7 21,935 15,312
NET CURRENT ASSETS 14,469 43,581
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,588

57,100

PROVISIONS FOR LIABILITIES 8 2,113 3,235
NET ASSETS 23,475 53,865

CAPITAL AND RESERVES
Called up share capital 9 4 4
Retained earnings 23,471 53,861
SHAREHOLDERS' FUNDS 23,475 53,865

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

TECHNICAL FX GROUP LIMITED (REGISTERED NUMBER: 10018555)

BALANCE SHEET - continued
30 APRIL 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 January 2025 and were signed by:





J F Ford - Director


TECHNICAL FX GROUP LIMITED (REGISTERED NUMBER: 10018555)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Technical FX Group 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.

Website is being amortised evenly over its estimated useful life of four years.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

TECHNICAL FX GROUP LIMITED (REGISTERED NUMBER: 10018555)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 May 2023
and 30 April 2024 2,754
AMORTISATION
At 1 May 2023
and 30 April 2024 2,754
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023 9,561 14,389 23,950
Additions - 1,206 1,206
At 30 April 2024 9,561 15,595 25,156
DEPRECIATION
At 1 May 2023 3,859 6,572 10,431
Charge for year 1,426 2,180 3,606
At 30 April 2024 5,285 8,752 14,037
NET BOOK VALUE
At 30 April 2024 4,276 6,843 11,119
At 30 April 2023 5,702 7,817 13,519

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 10,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 738 1,786
Other creditors 21,197 13,526
21,935 15,312

TECHNICAL FX GROUP LIMITED (REGISTERED NUMBER: 10018555)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,113 3,235

Deferred
tax
£   
Balance at 1 May 2023 3,235
Provided during year (456 )
Overprovided last year (666 )
Balance at 30 April 2024 2,113

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4 Ordinary £1 4 4