INTERNATIONAL TRADING & FOREX LTD


2022-06-012023-05-312023-05-31false13371227INTERNATIONAL TRADING & FOREX 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INTERNATIONAL TRADING & FOREX LTD

Registered Number
13371227
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2023

INTERNATIONAL TRADING & FOREX LTD
Company Information
for the year from 1 June 2022 to 31 May 2023

Director

LOMBARDI, Gian Piero

Company Secretary

AURIA ACCOUNTANCY LIMITED

Registered Address

17 Hanover Square
London
W1S 1BN

Registered Number

13371227 (England and Wales)
INTERNATIONAL TRADING & FOREX LTD
Balance Sheet as at
31 May 2023

Notes

2023

2022

£

£

£

£

Current assets
Debtors31,254,084-
Cash at bank and on hand1,781,091100
3,035,175100
Creditors amounts falling due within one year4(3,075,676)-
Net current assets (liabilities)(40,501)100
Total assets less current liabilities(40,501)100
Net assets(40,501)100
Capital and reserves
Called up share capital100100
Profit and loss account(40,601)-
Shareholders' funds(40,501)100
  • The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
  • The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The financial statements were approved and authorised for issue by the Director on 11 June 2024, and are signed on its behalf by:
LOMBARDI, Gian Piero
Director
Registered Company No. 13371227
INTERNATIONAL TRADING & FOREX LTD
Notes to the Financial Statements
for the year ended 31 May 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2.Average number of employees

20232022
Average number of employees during the year11
3.Debtors: amounts due within one year

2023

2022

££
Other debtors1,254,084-
Total1,254,084-
Other debtors contains loan balances from companies for which the director is a shareholder. This amount is interest free and repayable on demand.
4.Creditors: amounts due within one year

2023

2022

££
Other creditors3,075,676-
Total3,075,676-