Registered number
08136686
Challinger Translations Ltd
Filleted Accounts
31 July 2023
Challinger Translations Ltd
Registered number: 08136686
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 400 530
Current assets
Cash at bank and in hand 83,295 27,757
Creditors: amounts falling due within one year 4 (23,495) (1,712)
Net current assets 59,800 26,045
Net assets 60,200 26,575
Capital and reserves
Called up share capital 4 1
Profit and loss account 60,196 26,574
Shareholder's funds 60,200 26,575
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Nicola Jayne Challinger
Director
Approved by the board on 1 November 2023
Challinger Translations Ltd
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment 25% reducing balance
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Foreign currency translation
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Equipment
£
Cost
At 1 August 2022 1,103
At 31 July 2023 1,103
Depreciation
At 1 August 2022 573
Charge for the year 130
At 31 July 2023 703
Net book value
At 31 July 2023 400
At 31 July 2022 530
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 15,053 14,393
Director's Loan Account 97 (20,123)
Other creditors 8,345 7,442
23,495 1,712
5 Loans to/(from) directors
B/fwd Paid Repaid C/fwd
£ £ £ £
Nicola Jayne Challinger
Loans to/(from) directors (20,123) (9,014) 29,234 97
(20,123) (9,014) 29,234 97
6 Other information
Challinger Translations Ltd is a private company limited by shares and incorporated in England. Its registered office is:
69 Loughborough Road
West Bridgford
Nottingham
NG2 7LA
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