Coinindex Limited
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Notes to the Accounts |
for the year ended 31 March 2020
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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Foreign currency translation |
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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.
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2 |
Employees |
2020 |
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2019 |
Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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3 |
Debtors |
2020 |
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2019 |
£ |
£ |
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Director's current account |
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390 |
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390 |
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Other debtors |
582 |
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582 |
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972 |
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972 |
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4 |
Creditors: amounts falling due within one year |
2020 |
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2019 |
£ |
£ |
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Other creditors |
600 |
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600 |
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5 |
Share premium |
2020 |
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2019 |
£ |
£ |
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Balance at 1 April |
75,104 |
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Movement in period |
75,104 |
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Balance at 31st March |
75,104 |
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75,104 |
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The shares were issued at a premium to Greenzy Ltd & Zerglory Ltd, companies registered in Malta. |
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6 |
Other information |
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Coinindex Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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First Floor, |
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85 Great Portland Street |
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London |
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W1W 7LT |