Abbreviated Company Accounts - THE FX FIRM LIMITED

EBURY MASS PAYMENTS LIMITED - Company Information

07061945 THE FX FIRM LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 07061945 2013-04-01 2014-03-31 07061945 2014-03-31 07061945 2013-03-31 07061945 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 07061945 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 07061945

THE FX FIRM LIMITED

Abbreviated Accounts

31 March 2014

THE FX FIRM LIMITED Registered Number 07061945

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	5,763	4,688
		5,763	4,688
Current assets
Debtors		171,153	184,688
Cash at bank and in hand		65,017	34,673
		236,170	219,361
Creditors: amounts falling due within one year		(56,266)	(39,654)
Net current assets (liabilities)		179,904	179,707
Total assets less current liabilities		185,667	184,395
Total net assets (liabilities)		185,667	184,395
Capital and reserves
Called up share capital	3	100	100
Share premium account		184,750	184,750
Profit and loss account		817	(455)
Shareholders' funds		185,667	184,395

For the year ending 31 March 2014 the company was entitled to exemption 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 directors acknowledge 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.

Approved by the Board on 24 December 2014

And signed on their behalf by:
Mr O. Walters, Director

THE FX FIRM LIMITED Registered Number 07061945

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to
customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 25% reducing balance

Other accounting policies
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction.
Monetary assets and liabilities denominated in foreign currencies are translated at the rate of
exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 April 2013	8,375
Additions	2,529
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	10,904
Depreciation
At 1 April 2013	3,687
Charge for the year	1,454
On disposals	-
At 31 March 2014	5,141
Net book values
At 31 March 2014	5,763
At 31 March 2013	4,688

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100