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Company No: 09795397 (England and Wales)

FCI CURRENCY LTD

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

FCI CURRENCY LTD

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

FCI CURRENCY LTD

COMPANY INFORMATION

For the financial year ended 31 December 2024
FCI CURRENCY LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024
DIRECTOR M Etherington
Glen Nigel Hooper (Resigned 02 January 2025)
REGISTERED OFFICE 30 Crown Place
London
EC2A 4EB
United Kingdom
COMPANY NUMBER 09795397 (England and Wales)
ACCOUNTANT Gravita Essex Limited
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
United Kingdom
FCI CURRENCY LTD

BALANCE SHEET

As at 31 December 2024
FCI CURRENCY LTD

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Current assets
Debtors 3 60,379 98,794
Cash at bank and in hand 11,746 20,626
72,125 119,420
Creditors: amounts falling due within one year 4 ( 63,683) ( 97,957)
Net current assets 8,442 21,463
Total assets less current liabilities 8,442 21,463
Creditors: amounts falling due after more than one year 5 ( 6,411) ( 15,833)
Net assets 2,031 5,630
Capital and reserves
Called-up share capital 2,000 2,000
Profit and loss account 31 3,630
Total shareholders' funds 2,031 5,630

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of FCI Currency Ltd (registered number: 09795397) were approved and authorised for issue by the Director on 12 March 2025. They were signed on its behalf by:

M Etherington
Director
FCI CURRENCY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
FCI CURRENCY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

FCI Currency Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 30 Crown Place, London, EC2A 4EB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents the total value of commissions received during the year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 3 2

3. Debtors

2024 2023
£ £
Trade debtors 29,285 47,383
Amounts owed by Group undertakings 23,509 43,559
Other debtors 7,585 7,852
60,379 98,794

4. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 9,422 10,000
Trade creditors 7,919 0
Taxation and social security 33,730 70,928
Other creditors 12,612 17,029
63,683 97,957

5. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 6,411 15,833

There are no amounts included above in respect of which any security has been given by the small entity.

6. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Advances or credits given 85,227 79,626
Repayments received (80,841) (87,500)

At the year end the balance owed from the company to the directors was £12,612 (2023: £17,029). Interest is charged on loans at the official rate set by HMRC. Loans are repayable on demand.