FCM Markets Limited - Accounts

FCM Markets Limited - Accounts

FCM MARKETS LIMITED - Company Information

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Reports Dated : 28/04/2021
Registered Number: 07259650
England and Wales

 

 

 

FCM MARKETS LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 August 2019

End date: 31 July 2020

FCM Markets Limited
Contents Page
For the year ended 31 July 2020
  2020   2019
    £ £   £ £
Fixed assets   10,414      11,571 
Current assets 65,817      28,938   
Prepayments and accrued income (2,280)     0   
Creditors: amount falling due within one year (57,272)     (41,692)  
Net current assets   6,265      (12,754)
Total assets less current liabilities   16,679      (1,183)
Creditors: amount falling due after more than one year   (41,000)     0 
Net liabilities   (24,321)     (1,183)
 

         
Capital and reserves   (24,321)     (1,183)
 
NOTES TO THE ACCOUNTS

General Information
FCM Markets Limited is a private company, limited by shares,registered in England and Wales,registration number 07259650,registration address South Harrow Market, Northolt Road, South Harrow, London, HA2 OEU.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – 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.
2.

Average number of employees

Average number of employees during the year was 4 (2019 : 0).


For the year ended 31 July 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with Section 476.

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 accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, the financial reporting standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the board of directors on 28 April 2021 and were signed on its behalf by:


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Atif Abbasi
Director
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