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Company Registration No. 14393612 (England and Wales)
Illume Linguistics Ltd Unaudited accounts for the year ended 30 September 2023
Illume Linguistics Ltd Unaudited accounts Contents
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Illume Linguistics Ltd Company Information for the year ended 30 September 2023
Director
Kirstie Skates
Company Number
14393612 (England and Wales)
Registered Office
71-75 SHELTON STREET COVENT GARDEN LONDON WC2H 9JQ UNITED KINGDOM
Accountants
Glenton Smith Croft House Brightwell cum Sotwell Wallingford OXON OX10 0RJ
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Illume Linguistics Ltd Statement of financial position as at 30 September 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
1,330 
Current assets
Inventories
16,394 
Debtors
39,057 
Cash at bank and in hand
13,824 
69,275 
Creditors: amounts falling due within one year
(15,943)
Net current assets
53,332 
Net assets
54,662 
Capital and reserves
Called up share capital
100 
Profit and loss account
54,562 
Shareholders' funds
54,662 
For the year ending 30 September 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 January 2024 and were signed on its behalf by
Kirstie Skates Director Company Registration No. 14393612
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Illume Linguistics Ltd Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Illume Linguistics Ltd is a private company, limited by shares, registered in England and Wales, registration number 14393612. The registered office is 71-75 SHELTON STREET, COVENT GARDEN, LONDON, WC2H 9JQ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Straight Line
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
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Illume Linguistics Ltd Notes to the Accounts for the year ended 30 September 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 October 2022
- 
Additions
1,773 
At 30 September 2023
1,773 
Depreciation
Charge for the year
443 
At 30 September 2023
443 
Net book value
At 30 September 2023
1,330 
5
Debtors
2023 
£ 
Amounts falling due within one year
Trade debtors
39,057 
6
Creditors: amounts falling due within one year
2023 
£ 
VAT
869 
Taxes and social security
13,530 
Loans from directors
144 
Accruals
1,400 
15,943 
7
Average number of employees
During the year the average number of employees was 1.
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