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REGISTERED NUMBER: 04637731 (England and Wales)















LANGUAGE SKILLS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2018






LANGUAGE SKILLS LIMITED (REGISTERED NUMBER: 04637731)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2018




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


LANGUAGE SKILLS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2018







DIRECTOR: Mrs. C. Murphy





SECRETARY: S A Martin





REGISTERED OFFICE: 16 Lambourne Crescent
Cardiff Business Park
Llanishen
Cardiff
CF14 5GF





REGISTERED NUMBER: 04637731 (England and Wales)





ACCOUNTANTS: Johns Jones & Lo Limited
Chartered Accountants
16 Lambourne Crescent
Cardiff Business Park
Llanishen
Cardiff
CF14 5GF

LANGUAGE SKILLS LIMITED (REGISTERED NUMBER: 04637731)

BALANCE SHEET
31ST MARCH 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,505 24,982
Tangible assets 5 6 6
15,511 24,988

CURRENT ASSETS
Debtors 6 18,235 2,176
Cash at bank 2,634 991
20,869 3,167
CREDITORS
Amounts falling due within one year 7 9,682 5,705
NET CURRENT ASSETS/(LIABILITIES) 11,187 (2,538 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,698

22,450

PROVISIONS FOR LIABILITIES 2,918 4,960
NET ASSETS 23,780 17,490

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 23,779 17,489
SHAREHOLDERS' FUNDS 23,780 17,490

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395
and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as
applicable to the company.

LANGUAGE SKILLS LIMITED (REGISTERED NUMBER: 04637731)

BALANCE SHEET - continued
31ST MARCH 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 13th November 2018 and were signed by:





Mrs. C. Murphy - Director


LANGUAGE SKILLS LIMITED (REGISTERED NUMBER: 04637731)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2018

1. STATUTORY INFORMATION

Language Skills Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added
tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any
accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent
that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively
enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in
which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted
or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

LANGUAGE SKILLS LIMITED (REGISTERED NUMBER: 04637731)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2018

4. INTANGIBLE FIXED ASSETS

This represents the investment in a new website to allow for better connectivity to online commerce.

An estimated useful life of 4 years has been used to calculate the rate at which the asset should be written down.

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2017
and 31st March 2018 5,205
DEPRECIATION
At 1st April 2017
and 31st March 2018 5,199
NET BOOK VALUE
At 31st March 2018 6
At 31st March 2017 6

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 614 878
Other debtors 17,621 1,298
18,235 2,176

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 338 745
Taxation and social security 7,378 -
Other creditors 1,966 4,960
9,682 5,705

LANGUAGE SKILLS LIMITED (REGISTERED NUMBER: 04637731)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2018

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2018 and 31st March 2017:

2018 2017
£    £   
Mrs. C. Murphy
Balance outstanding at start of year (3,018 ) 12,667
Amounts advanced 20,418 25,915
Amounts repaid (4,100 ) (41,600 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,300 (3,018 )

The loan has no fixed term for repayment.

The director's loan account includes dividends paid during the year of £0 (2017 - £15,000).

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs. C. Murphy.