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REGISTERED NUMBER: 10670754 (England and Wales)















UFG FX Ltd

Unaudited Financial Statements for the Year Ended 31 October 2024






UFG FX Ltd (Registered number: 10670754)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


UFG FX Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: J C King
S R Brooks
R J B Morris





REGISTERED OFFICE: 3 - 5 London Road
Rainham
Gillingham
Kent
ME8 7RG





BUSINESS ADDRESS: Vinters Business Park
New Cut Road
Maidstone
Kent
ME14 5NZ





REGISTERED NUMBER: 10670754 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

UFG FX Ltd (Registered number: 10670754)

Statement of Financial Position
31 October 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 6 61,327 61,329
Cash at bank 314,011 267,281
375,338 328,610
CREDITORS
Amounts falling due within one year 7 31,669 36,902
NET CURRENT ASSETS 343,669 291,708
TOTAL ASSETS LESS CURRENT LIABILITIES 343,669 291,708

CAPITAL AND RESERVES
Called up share capital 333 333
Capital redemption reserve 167 167
Retained earnings 343,169 291,208
SHAREHOLDERS' FUNDS 343,669 291,708

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 20 February 2025 and were signed on its behalf by:



J C King - Director



R J B Morris - Director


UFG FX Ltd (Registered number: 10670754)

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

1. STATUTORY INFORMATION

UFG 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income recognition
Turnover is measured at the fair value of commission 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

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

UFG FX Ltd (Registered number: 10670754)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2023
and 31 October 2024 4,974
AMORTISATION
At 1 November 2023
and 31 October 2024 4,974
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023
and 31 October 2024 729
DEPRECIATION
At 1 November 2023
and 31 October 2024 729
NET BOOK VALUE
At 31 October 2024 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 61,327 61,329

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 16,183 15,224
Other creditors 15,486 21,678
31,669 36,902