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
Global Coins Agency Ltd
Company Information
for the year ended 30 September 2024
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
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
Global Coins Agency Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
3,047
4,062
Inventories
165,000
217,027
Cash at bank and in hand
20
11,845
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)
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
Global Coins Agency Ltd
Notes to the Accounts
for the year ended 30 September 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 are valued by the director
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
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
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
At 30 September 2024
1,970
1,077
3,047
At 30 September 2023
2,626
1,436
4,062
Amounts falling due within one year
Trade debtors
65,500
65,500
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)
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
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.
Global Coins Agency Ltd
Notes to the Accounts
for the year ended 30 September 2024
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).