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CFDX LTD

Registered Number
14890974
(England and Wales)

Unaudited Financial Statements for the Period ended
31 May 2024

CFDX LTD
Company Information
for the period from 24 May 2023 to 31 May 2024

Director

SOLANKI, Ravi Kanti

Registered Address

Third Floor
20 Old Bailey
London
EC4M 7AN

Registered Number

14890974 (England and Wales)
CFDX LTD
Balance Sheet as at
31 May 2024

Notes

2024

£

£

Fixed assets
Tangible assets316,736
16,736
Current assets
Debtors4786,841
Cash at bank and on hand17,190
804,031
Creditors amounts falling due within one year5(78,592)
Net current assets (liabilities)725,439
Total assets less current liabilities742,175
Creditors amounts falling due after one year6(848,751)
Net assets(106,576)
Capital and reserves
Called up share capital1
Profit and loss account(106,577)
Shareholders' funds(106,576)
The financial statements were approved and authorised for issue by the Director on 16 May 2025, and are signed on its behalf by:
SOLANKI, Ravi Kanti
Director
Registered Company No. 14890974
CFDX LTD
Notes to the Financial Statements
for the period ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. 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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
The financial statements have been prepared on the going concern basis notwithstanding the fact that the company has a deficiency on shareholders' funds at the period end. The directors consider the basis to be appropriate as the parent company, CFDX Inc, has sufficient reserves to support the company to trade for a minimum of 12 months from the date the financial statements were authorised for issue.
Defined contribution pension plan
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement 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.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
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:
Government grants or assistance
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
2.Average number of employees

2024
Average number of employees during the year4
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
Additions18,59018,590
At 31 May 2418,59018,590
Depreciation and impairment
Charge for year1,8541,854
At 31 May 241,8541,854
Net book value
At 31 May 2416,73616,736
At 23 May 23--
4.Debtors: amounts due within one year

2024

£
Other debtors763,730
Prepayments and accrued income23,111
Total786,841
5.Creditors: amounts due within one year

2024

£
Trade creditors / trade payables52,571
Taxation and social security19,037
Other creditors6,984
Total78,592
6.Creditors: amounts due after one year

2024

£
Amounts owed to related parties848,751
Total848,751
Included in Other Creditors is an intercompany loan totalling £848,751 owed to the parent company, CFDX Inc, based in the United States of America.
7.Operating lease commitments
At 31 May 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £5,238.
8.Related party transactions
As at 31 May 2024, the outstanding balance on loans made to the director by the company were £828.61. This amount remained outstanding at the date the financial statements were authorised for issue.