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Company Registration No. 8672995 (England and Wales)
Global Coins Agency Ltd Unaudited accounts for the year ended 30 September 2024
Global Coins Agency Ltd Unaudited accounts Contents
Page
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Global Coins Agency Ltd Company Information for the year ended 30 September 2024
Director
A Blackburn
Company Number
8672995 (England and Wales)
Registered Office
8-10 Park Green Macclesfield Cheshire SK11 7NA England
Accountants
Prime Business Services 300 Wanstead Park Road Redbridge Essex IG1 3TU
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Global Coins Agency Ltd Accountants' report
Accountants' report to the director of Global Coins Agency Ltd on the preparation of the unaudited statutory accounts for the year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Global Coins Agency Ltd for the year ended 30 September 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Global Coins Agency Ltd, as a body, in accordance with the terms of our engagement letter dated 1 October 0215. Our work has been undertaken solely to prepare for your approval the accounts of Global Coins Agency Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Global Coins Agency Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Global Coins Agency Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Global Coins Agency Ltd. You consider that Global Coins Agency Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Global Coins Agency Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Prime Business Services 300 Wanstead Park Road Redbridge Essex IG1 3TU 21 July 2025
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Global Coins Agency Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,047 
4,062 
Current assets
Inventories
165,000 
217,027 
Debtors
66,250 
66,623 
Cash at bank and in hand
20 
11,845 
231,270 
295,495 
Creditors: amounts falling due within one year
(452,849)
(514,686)
Net current liabilities
(221,579)
(219,191)
Total assets less current liabilities
(218,532)
(215,129)
Creditors: amounts falling due after more than one year
(19,412)
(25,042)
Net liabilities
(237,944)
(240,171)
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
(238,144)
(240,371)
Shareholders' funds
(237,944)
(240,171)
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 July 2025 and were signed on its behalf by
A Blackburn Director Company Registration No. 8672995
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Global Coins Agency Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Global Coins Agency Ltd is a private company, limited by shares, registered in England and Wales, registration number 8672995. The registered office is 8-10 Park Green, Macclesfield, Cheshire, SK11 7NA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Stocks
Stocks are valued by the director
Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Exchange differences are taken into account in arriving at the operating profit.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% pa
Computer equipment
20%pa
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Global Coins Agency Ltd Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2023
15,650 
8,560 
24,210 
At 30 September 2024
15,650 
8,560 
24,210 
Depreciation
At 1 October 2023
13,024 
7,124 
20,148 
Charge for the year
656 
359 
1,015 
At 30 September 2024
13,680 
7,483 
21,163 
Net book value
At 30 September 2024
1,970 
1,077 
3,047 
At 30 September 2023
2,626 
1,436 
4,062 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
750 
1,123 
Trade debtors
65,500 
65,500 
66,250 
66,623 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,124 
19,412 
Other creditors
532,670 
532,670 
Loans from directors
(88,995)
(40,083)
Accruals
3,050 
2,687 
452,849 
514,686 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
19,412 
25,042 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200 
200 
9
Contingent liabilities
The company is in dispute with Barclays bank PLC relating to a series of transaction of coins, during the period from April to June 2017. The Director remain confidence of succesful outcome and contnue to trade profitably. The company's accounts have been adjusted accordingly.
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Global Coins Agency Ltd Notes to the Accounts for the year ended 30 September 2024
10
Controlling party
The company is controlled by Mr A Blackburn, who is a director and shareholder of the company.
11
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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