Company Registration No. 09361871 (England and Wales)
LONDON FOREIGN MONEY EXCHANGE LTD
Unaudited accounts
for the year ended 31 December 2017
LONDON FOREIGN MONEY EXCHANGE LTD
Unaudited accounts
Contents
LONDON FOREIGN MONEY EXCHANGE LTD
Company Information
for the year ended 31 December 2017
Director
Mohsin Ali Ahmad ZAINI
Company Number
09361871 (England and Wales)
Registered Office
31 Queensway,
London, England,
W2 4QJ
LONDON FOREIGN MONEY EXCHANGE LTD
Statement of financial position
as at 31 December 2017
Tangible assets
1,280
1,600
Cash at bank and in hand
1,870
549
Creditors: amounts falling due within one year
(64,230)
(13,700)
Net current liabilities
(11,830)
(13,151)
Net liabilities
(10,550)
(11,551)
Called up share capital
1,000
1,000
Profit and loss account
(11,550)
(12,551)
Shareholders' funds
(10,550)
(11,551)
For the year ending 31 December 2017 the company was entitled to exemption from audit 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 28 September 2018.
Mohsin Ali Ahmad ZAINI
Director
Company Registration No. 09361871
LONDON FOREIGN MONEY EXCHANGE LTD
Notes to the Accounts
for the year ended 31 December 2017
LONDON FOREIGN MONEY EXCHANGE LTD is a private company, limited by shares, registered in England and Wales, registration number 09361871. The registered office is 31 Queensway, , London, England, , W2 4QJ.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing balance Method
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Tangible fixed assets
Fixtures & fittings
LONDON FOREIGN MONEY EXCHANGE LTD
Notes to the Accounts
for the year ended 31 December 2017
6
Creditors: amounts falling due within one year
2017
2016
Loans from directors
64,230
13,700
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Average number of employees
During the year the average number of employees was 1 (2016: 3).
