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Registered Number: 06851946
England and Wales

 

 

 


Abridged Accounts


for the year ended 31 December 2024

for

STANDARD EXCHANGE COMPANY (UK) LTD

STANDARD EXCHANGE COMPANY (UK) LTD
Contents Page
For the year ended 31 December 2024
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Tangible fixed assets 3 4,858    6,182 
4,858    6,182 
Current assets      
Debtors: amounts falling due within one year 10,595    10,058 
Debtors: amounts falling due after one year 88,289    89,289 
Cash at bank and in hand 78,231    84,295 
177,115    183,642 
Creditors: amount falling due within one year (38,518)   (42,225)
Net current assets 138,597    141,417 
 
Total assets less current liabilities 143,455    147,599 
Net assets 143,455    147,599 
 

Capital and reserves 		     
Called up share capital 4 300,000    300,000 
Profit and loss account (156,545)   (152,401)
Shareholders' funds 143,455    147,599 
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 11 September 2025 and were signed on its behalf by:


-------------------------------
Mohammed Abdul Aziz
Director		-------------------------------
MD Habibur Rahman
Director		-------------------------------
Muhammad Abdul Ahad
Secretary
1
General Information
STANDARD EXCHANGE COMPANY (UK) LTD is a private company, limited by shares, registered in England and Wales, registration number 06851946, registration address 101, WHITECHAPEL ROAD, LONDON, E1 1DT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Short Leasehold Properties 15 Years Straight Line
Plant and Machinery 20% Reducing Balance
Fixtures and Fittings 20% Reducing Balance
2.

Average number of employees


Average number of employees during the year was 3 (2023 : 3).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Short Leasehold Properties   Total
  £   £   £   £
At 01 January 2024 25,500    43,936    22,845    92,281 
Additions -    129    -    129 
Disposals -    -    -    - 
At 31 December 2024 25,500    44,065    22,845    92,410 
Depreciation
At 01 January 2024 22,760    40,862    22,476    86,098 
Charge for year 508    577    369    1,454 
On disposals -    -    -    - 
At 31 December 2024 23,268    41,439    22,845    87,552 
Net book values
Closing balance as at 31 December 2024 2,232    2,626    -    4,858 
Opening balance as at 01 January 2024 2,739    3,074    369    6,182 

The net book value of Short Leasehold Properties includes £ 0 (2023 £369) in respect of assets leased under finance leases or hire purchase contracts.

4.

Share Capital

Allotted, called up and fully paid
2024
£		   2023
£
300,000 Class A shares of £1.00 each 300,000    300,000 
300,000    300,000 

2