UK EURO CURRENCY EXCHANGE LIMITED - Accounts

UK EURO CURRENCY EXCHANGE LIMITED - Accounts

UK EURO CURRENCY EXCHANGE LIMITED - Company Information

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Registered Number: 10509631
England and Wales

 

 

 

UK EURO CURRENCY EXCHANGE LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 January 2019

End date: 31 December 2019

UK EURO CURRENCY EXCHANGE LIMITED
Contents Page
For the year ended 31 December 2019
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 December 2019 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Shahidullah & Co
31 December 2019



....................................................
Shahidullah & Co
299A Bethnal Green Road
London
E2 6AH
30 December 2020
1
 
 		 Notes
 		 2019
£		   2018
£
Fixed assets      
Tangible fixed assets 2 145    650 
145    650 
Current assets      
Cash at bank and in hand 27,889    26,863 
Creditors: amount falling due within one year (25,371)   (25,408)
Net current assets 2,518    1,455 
 
Total assets less current liabilities 2,663    2,105 
Net assets 2,663    2,105 
 

Capital and reserves 		     
Profit and loss account 2,663    2,105 
Shareholders funds 2,663    2,105 
 


For the year ended 31 December 2019 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 and in accordance with the provisions of Part 15 of the Companies Act 2006. 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 30 December 2020 and were signed on its behalf by:


--------------------------------
Toufik Rahmoune
Director
2
General Information
UK EURO CURRENCY EXCHANGE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10509631, registration address 221 Seven Sister Road, London, N4 2DA

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 on the going concern basis and 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sale taxes.
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:
Fixtures and Fittings 33.33 Reducing Balance
Computer Equipment 33.33 Reducing Balance
2.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 January 2019 752    908    1,660 
Additions -    -    - 
Disposals -    -    - 
At 31 December 2019 752    908    1,660 
Depreciation
At 01 January 2019 502    508    1,010 
Charge for year -    -    - 
On disposals 251    254    505 
At 31 December 2019 753    762    1,515 
Net book values
Closing balance as at 31 December 2019 (1)   146    145 
Opening balance as at 01 January 2019 250    400    650 


3.

Share Capital

Allotted, called up and fully paid
2019
£		   2018
£
2 Class A shares of £1.00 each 2    2 
2    2 

4.

Staff Costs

2019   2018
 
Average number of employees during the year Number   Number
Administration 2    2 
2    2 

5.

Average number of employees

Average number of employees during the year was 2 (2018 : 2)
3