12730649 2022-08-01 2023-07-31 12730649 uk-bus:Director1 2022-08-01 2023-07-31 12730649 uk-bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 12730649 uk-bus:SmallEntities 2022-08-01 2023-07-31 12730649 uk-bus:FullAccounts 2022-08-01 2023-07-31 12730649 uk-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12730649 2022-08-01 12730649 2023-07-31 12730649 2021-08-01 2022-07-31 12730649 2022-07-31 xbrli:pure iso4217:GBP 12730649 2021-08-01 2022-07-31
Company Registration Number : 12730649 (England and Wales)
12730649
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2023-07-31
false
Mind Your Language Limited
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2022-08-01
Mind Your Language Limited
Unaudited financial statements and annual report
For the year ended 31 July 2023
Mind Your Language Limited
Contents
For the year ended 31 July 2023

CONTENTS PAGE
Company Information 3
Director's Report 4
Director's Responsibilities Statement 5
Accountant's Report 5
Income Statement 6
Statement of Financial Position 7
Notes to the Financial Statements 8 - 10
Detailed Income Statement 11


Mind Your Language Limited
Company Information
For the year ended 31 July 2023

Company registration number 12730649 (England and Wales)
Director Olukemi Dowokpor
Registered office address 12 Cecil Court
Jones Close
Southend-On-Sea
SS2 6PG
UK
Accountant Macturner Accounting Ltd
Petronne House
31 Church Street
RM10 9UR












Accountant

Macturner Accounting Ltd

Petronne House
31 Church Street
RM10 9UR
Mind Your Language Limited
Director's Report
For the year ended 31 July 2023

The director presents his/her report and the Unaudited Financial Statements for the year ended 31 July 2023.
Principal activity
The principal activity of the company continued to be that of language teaching .
Going concern
The financial statements have been prepared on a going concern basis unless it is inappropriate to presume that the company will continue in business.
Director of the company
The following directors held office during the whole of the period:
Olukemi Dowokpor
Statement of director's responsibilities
The directors are responsible for preparing the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare such financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), FRS 102 1A Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to; select suitable accounting policies and then apply them consistently; make judgements and accounting estimates that are reasonable and prudent; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small company provisions
This report has been prepared in accordance with the special provisions for small companies within Part 15 of the Companies Act 2006.
Approved by the Board of directors and signed on its behalf by:
Olukemi Dowokpor (Director)
Date: 06 November 2023
This report was approved by the board on 2023-11-06 Date: 06 November 2023
Mind Your Language Limited
Accountant's report
For the year ended 31 July 2023

Accountant's Report to the board of directors on the preparation of the unaudited statutory accounts of Mind Your Language Limited for the year ended 31 July 2023.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mind Your Language Limited for the year ended 31 July 2023.

We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on these financial statements.

You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.

The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Macturner Accounting Ltd

Petronne House
31 Church Street

RM10 9UR
2023-11-06 Date: 06 November 2023
5
Mind Your Language Limited
Income Statement
For the year ended 31 July 2023

2023 2022
Notes £ £
Turnover 5 31,191 39,650
Cost of sales (17,603) (14,802)
Gross profit 13,588 24,847
Selling and distribution expenses (4,660) (4,688)
Administrative expenses (22,293) (19,338)
Operating loss 6 (13,365) 822
Interest receivable and similar income 12 -
Loss on ordinary activities before taxation (13,352) 822
Tax - (156)
Loss for the year (13,352) 666
/* == Copy of Frs105 Profit Loss for XML COntent ============================================================ */
Profit and loss account
2023 2022
£ £
Mind Your Language Limited
Statement of Financial Position
For the year ended 31 July 2023

2023 2022
Notes £ £
Current assets
Debtors 9 753 -
Cash and cash equivalents 10 7,746 18,387
8,499 18,387
Current liabilities
Creditors: Amounts falling due within one year 11 (5,966) (5,575)
Corporation tax payable (2,932) (2,932)
(8,898) (8,507)
Net current (liabilities)/assets (399) 9,880
Total assets less current liabilities (399) 9,880
Non-current liabilities
Creditors: Amounts falling due after more than one year 12 (3,074) -
Net (liabilities)/assets (3,473) 9,880
Capital and reserves
Called up share capital 13 100 100
Retained earnings (3,573) 9,780
Shareholder's funds (3,473) 9,880
For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
  • For the year ended 31 July 2023 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 their responsibility 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
Approved by the Board on 06 November 2023
.............................
Olukemi Dowokpor (Director)
Company registration number: 12730649
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2023-07-31 31 July 2023
2023 2022
£ £
Current Assets 8,499 18,387
Creditors: amounts falling due within one year (8,898) (8,507)
Net current assets (liabilities) (399) 9,880
Total assets less current liabilities (399) 9,880
CREDITORS: Amounts falling due more than one year (3,074) 0
Net Assets (liabilities) (3,473) 9,880
Capital and Reserves (3,473) 9,880
For the year ending 7/31/2023 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. For the year ending 31-07-2023 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 for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the small companies provisions and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.
Approved by the board of directors on 06 November 2023 2023-11-06 and signed on behalf of the board,
.............................
Olukemi Dowokpor
Director
Company registration number: 12730649
Mind Your Language Limited
Notes to the Financial Statements
For the year ended 31 July 2023

(1) General Information
Mind Your Language Limited is a private company limited by shares, domiciled and incorporated in England and Wales. Its registered office is Petronne House, 31 Church Street, Dagenham RM10 9UR.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies regime.
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Foreign currency
Transactions in foreign currencies other than its functional currency are recorded at the foreign exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the year-end date are translated at the foreign exchange rate ruling at that date. Foreign exchange differences arising on translation are recognised in the income statement within financial income or expense, as appropriate. Non-monetary assets that are measured in terms of historical cost in foreign currency are translated using the exchange rate at the date of the transaction.
Interest income
Interest income is recognised using the effective interest method.
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Employee benefits
Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

(4) Critical accounting judgements and key sources of estimation uncertainty
No judgement
No significant judgements or estimates have been made in preparation of these financial statements.

(5) Turnover
The revenue from company's operations comprise:
2023 2022
£ £
Sales 31,191 39,650
31,191 39,650

(6) Operating profit
Operating profit for the year from continuing operations has been arrived after charging:
2023 2022
£ £
Staff costs 3,605 12,035
Director's remuneration 12,833 -
16,438 12,035

(7) Employees
During the year, the average number of employees including director was 0 (2022 : 0).

The above numbers are averages for the year and calculated on a full-time equivalent basis. The aggregate payroll costs of the above were:
2023 2022
£ £
Wages and salaries 16,438 12,035
16,438 12,035

(8) Tax
Current tax
2023 2022
£ £
Corporation tax charge for current year - 156
Total current tax - 156

(9) Debtors
Amounts falling due within one year
2023 2022
£ £
Other debtors 753 -
753 -

(10) Cash and cash equivalents
2023 2022
£ £
Bank balance 7,726 18,367
Other cash equivalents 20 20
7,746 18,387

(11) Creditors: Amounts falling due within one year
2023 2022
£ £
Trade creditors - 207
Other taxes and social security 1,297 -
Other creditors 4,669 5,368
5,966 5,575

(12) Creditors: Amounts falling due after more than one year
2023 2022
£ £
Other creditors 3,074 -
3,074 -

(13) Share capital and reserves
Alloted,called up and fully paid: 2023 2022
£ £
100 (2022 : 100) Ordinary Shares of £ 1 each100100
100 100
Ordinary shares hold equal voting rights.
Retained earnings 2023
£
At 1 August 2022 9,780
Loss of the year (13,352)
At 31 July 2023 (3,572)
Mind Your Language Limited
Detailed Income Statement
For the year ended 31 July 2023

This section does not form part of the statutory accounts.

2023 2022
£ £
Turnover 31,191 39,650
Less : Cost of sales
Direct Costs 12,189 4,679
Transportation Costs 5,414 4,345
Other Direct Expenditure - 4,224
Storage Costs - 1,540
Subcontractor Costs - 15
17,603 14,802
Gross Profit 13,588 24,847
Less : Selling and distribution expenses
Advertising and Marketing 4,146 3,451
Subsistence 309 26
Website Costs 206 943
Hotels and Accommodation Costs - 268
4,660 4,688
Less : Administrative expenses
Accountancy, Bookkeeping and Auditing Fees 2,060 648
Bank Fees 464 323
Charitable Donations 860 112
Directors' Remuneration 12,833 -
Employee Salary Expense 3,605 12,035
Employers National Insurance 1,037 -
Employers National Insurance Allowance (1,037) -
IT Costs 138 245
Legal and Professional Fees 796 4,166
Printing, Postage and Stationery 624 487
Rent 155 -
Telephone and Internet 727 589
Training and Development 30 -
Insurance - 252
Recruitment Costs - 412
Staff Welfare - 68
22,293 19,338
Operating loss (13,365) 822
Add : Interest receivable and similar income
Bank Interest 12 -
12 -
Loss on ordinary activities before taxation (13,352) 822
Less : Tax
Corporation Tax - 156
- 156
Net loss for the year after taxation (13,352) 666
Less : Distributions
Dividends - 2,000
- 2,000
Net loss for the year after dividends (13,352) (1,334)
Retained profits brought forward 9,780 11,114
Retained losses carried forward (3,573) 9,780