REGISTERED NUMBER: 07468195 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

FINX LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs L Fink

REGISTERED OFFICE:

21 Lampard Grove

London

N16 6XA

REGISTERED NUMBER:

07468195 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

4

33,381

39,273

CURRENT ASSETS

Debtors

5

388,181

400,517

Cash at bank

788

-

388,969

400,517

CREDITORS

Amounts falling due within one year

6

(155,706

)

(158,692

)

NET CURRENT ASSETS

233,263

241,825

TOTAL ASSETS LESS CURRENT LIABILITIES

266,644

281,098

CREDITORS

Amounts falling due after more than one year

7

(32,142

)

(37,903

)

NET ASSETS

234,502

243,195

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

9

234,501

243,194

SHAREHOLDERS' FUNDS

234,502

243,195

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 director acknowledges her 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 director and authorised for issue on 15 December 2025 and were signed by:

Mrs L Fink - Director

1.	STATUTORY INFORMATION

Finx Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 7 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

89,274

921

90,195

DEPRECIATION

At 1 January 2024

50,071

851

50,922

Charge for year

5,881

11

5,892

At 31 December 2024

55,952

862

56,814

NET BOOK VALUE

At 31 December 2024

33,322

59

33,381

At 31 December 2023

39,203

70

39,273

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

-

25,000

Other debtors

388,181

375,517

388,181

400,517

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Taxation and social security

16,771

20,356

Other creditors

138,935

138,336

155,706

158,692

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

32,142

37,903

Included within creditors is the amount of £32,142 (2023: £37,903) due under the Bounce Back Loan Scheme (BBLS). The loan is unsecured, guaranteed by the government, and attracts an interest rate of 2.5% after the interest free-period in the first year.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1

Ordinary

£1

1

1

9.

RESERVES

Retained

earnings

£

At 1 January 2024

243,194

Deficit for the year

(8,693

)

At 31 December 2024

234,501

10.	ULTIMATE CONTROLLING PARTY

The controlling party is P Fink.