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FX ALBA LIMITED

Registered Number
SC509469
(Scotland)

Unaudited Financial Statements for the Year ended
30 June 2024

FX ALBA LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

SMITH, Jordan Anthony

Company Secretary

SMITH, Nadine

Registered Address

Office 2, 4th Floor Dundee One, River Court
5 West Victoria Dock Road
Dundee
DD1 3JT

Registered Number

SC509469 (Scotland)
FX ALBA LIMITED
Statement of Financial Position
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,6581,679
2,6581,679
Current assets
Debtors4116,40051,988
Cash at bank and on hand87,535163,446
203,935215,434
Creditors amounts falling due within one year5(21,594)(23,104)
Net current assets (liabilities)182,341192,330
Total assets less current liabilities184,999194,009
Net assets184,999194,009
Capital and reserves
Called up share capital100100
Profit and loss account184,899193,909
Shareholders' funds184,999194,009
The financial statements were approved and authorised for issue by the Director on 18 March 2025, and are signed on its behalf by:
SMITH, Jordan Anthony
Director
Registered Company No. SC509469
FX ALBA LIMITED
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 July 2311,61511,615
Additions2,7702,770
At 30 June 2414,38514,385
Depreciation and impairment
At 01 July 239,9369,936
Charge for year1,7911,791
At 30 June 2411,72711,727
Net book value
At 30 June 242,6582,658
At 30 June 231,6791,679
4.Debtors: amounts due within one year

2024

2023

££
Other debtors22,6152,167
Prepayments and accrued income23,66610,821
Total46,28112,988
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-126
Taxation and social security19,54419,873
Accrued liabilities and deferred income2,0503,105
Total21,59423,104
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.