Registered number
13185755
Home Language International Limited
Filleted Accounts
For the period 1 March 2022 to 31 December 2022
Home Language International Limited
Registered number: 13185755
Balance Sheet
as at 31 December 2022
Notes 31/12/22 28/2/22
£ £
Fixed assets
Tangible assets 4 1,302 -
Current assets
Debtors 5 44,552 16,223
Cash at bank and in hand 206,907 126,652
251,459 142,875
Creditors: amounts falling due within one year 6 (159,114) (56,386)
Net current assets 92,345 86,489
Net assets 93,647 86,489
Capital and reserves
Called up share capital 100 100
Share premium 99,900 99,900
Profit and loss account (6,353) (13,511)
Shareholders' funds 93,647 86,489
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.
D Immanuel
Director
Approved by the board on 27 October 2023
Home Language International Limited
Notes to the Accounts
for the period from 1 March 2022 to 31 December 2022
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 and net of discounts. Turnover includes revenue earned from the provision of educations courses. 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:
Plant and machinery over 5 years
Debtors
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.
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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Audit information
The audit report is unqualified.
Senior statutory auditor: Indra Giri
Firm: IG Accounting & Auditing Limited
Date of audit report: 27 October 2023
3 Employees
Average number of persons employed by the company 0 0
4 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 1,610
At 31 December 2022 1,610
Depreciation
Charge for the period 308
At 31 December 2022 308
Net book value
At 31 December 2022 1,302
5 Debtors 31/12/22 28/2/22
£ £
Trade debtors 43,592 15,973
Other debtors 960 250
44,552 16,223
6 Creditors: amounts falling due within one year 31/12/22 28/2/22
£ £
Trade creditors 1,522 2,801
Amounts owed to group undertakings 43,653 13,306
Accruals and deferred income 113,369 35,392
Other creditors 570 4,887
159,114 56,386
7 Related party transactions
At the year end the company owed £43,653 (28 February 2022: £13,306) to its parent company.
8 Controlling party
The Company's immediate and ultimate parent company is LSI Education Limited, a company registered in England and Wales. The consolidated financial statements of LSI Education Limited may be obtained from Companies House or its registered office 19-21 Ridgmount Street, London, WC1E 7AH.
9 Other information
Home Language International Limited is a private company limited by shares and incorporated in England. Its registered office is:
19-21 Ridgmount Street
London
WC1E 7AH
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