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REGISTERED NUMBER: 12149365 (England and Wales)















Fiscal FX Ltd

Unaudited Financial Statements For The Year Ended 31 December 2024






Fiscal FX Ltd (Registered number: 12149365)






Contents of the Financial Statements
For The Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Fiscal FX Ltd

Company Information
For The Year Ended 31 December 2024







DIRECTORS: A S Harrison
K J Jansen
A D Scarborough
L J Scarborough
M E Delman





REGISTERED OFFICE: 20 Ironmonger Lane
London
EC2V 8EP





REGISTERED NUMBER: 12149365 (England and Wales)





ACCOUNTANTS: Kingswood Allotts Limited
Chartered Accountants
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU

Fiscal FX Ltd (Registered number: 12149365)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 3,342
Tangible assets 5 4,709 11,505
Investments 6 1 1
4,710 14,848

CURRENT ASSETS
Debtors 7 705,374 624,843
Cash at bank and in hand 750,447 45,227
1,455,821 670,070
CREDITORS
Amounts falling due within one year 8 698,898 239,015
NET CURRENT ASSETS 756,923 431,055
TOTAL ASSETS LESS CURRENT LIABILITIES 761,633 445,903

CREDITORS
Amounts falling due after more than one year 9 458,323 331,431
NET ASSETS 303,310 114,472

CAPITAL AND RESERVES
Called up share capital 171,400 108,000
Retained earnings 131,910 6,472
SHAREHOLDERS' FUNDS 303,310 114,472

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by:



A D Scarborough - Director


Fiscal FX Ltd (Registered number: 12149365)

Notes to the Financial Statements
For The Year Ended 31 December 2024

1. STATUTORY INFORMATION

Fiscal FX Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Client funds held
The Company receives and holds funds from clients in segregated bank accounts. In accordance with applicable regulatory requirements, these funds are maintained separately from the Company’s own funds and are not used for proprietary purposes.

Client money is recognised on the balance sheet as both an asset and a corresponding liability.

Fiscal FX Ltd (Registered number: 12149365)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 January 2024
and 31 December 2024 15,100
AMORTISATION
At 1 January 2024 11,758
Amortisation for year 3,342
At 31 December 2024 15,100
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 3,342

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 1,300 5,593 21,590 28,483
DEPRECIATION
At 1 January 2024 1,300 2,637 13,041 16,978
Charge for year - 1,398 5,398 6,796
At 31 December 2024 1,300 4,035 18,439 23,774
NET BOOK VALUE
At 31 December 2024 - 1,558 3,151 4,709
At 31 December 2023 - 2,956 8,549 11,505

Fiscal FX Ltd (Registered number: 12149365)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2024

6. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 January 2024
and 31 December 2024 1
NET BOOK VALUE
At 31 December 2024 1
At 31 December 2023 1

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 1,182 -
Other debtors 704,192 624,843
705,374 624,843

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,573 -
Trade creditors 115,977 100,285
Taxation and social security 210,648 98,730
Other creditors 363,700 40,000
698,898 239,015

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 32,012 38,982
Other creditors 426,311 292,449
458,323 331,431

10. ULTIMATE CONTROLLING PARTY

The company was under the control of its directors throughout the current year.