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Registration number: 14329957

Localisation Solutions Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 September 2022 to 30 September 2023

 

Localisation Solutions Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Localisation Solutions Limited

Company Information

Director

Mrs Christina Louise Beattie

Registered office

2 The Cleave
Harpenden
AL5 5SJ

Accountants

KRW Accountants Limited
The Mill
Pury Hill Business Park
Alderton Road
Towcester
NN12 7LS

 

Localisation Solutions Limited

(Registration number: 14329957)
Balance Sheet as at 30 September 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

370

Current assets

 

Debtors

5

4,982

Cash at bank and in hand

 

3,799

 

8,781

Creditors: Amounts falling due within one year

6

(3,164)

Net current assets

 

5,617

Net assets

 

5,987

Capital and reserves

 

Called up share capital

1

Retained earnings

5,986

Shareholders' funds

 

5,987

For the financial period ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 2 April 2024
 

.........................................
Mrs Christina Louise Beattie
Director

 

Localisation Solutions Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2022 to 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in United Knigdom.

The address of its registered office is:
2 The Cleave
Harpenden
AL5 5SJ
England

These financial statements were authorised for issue by the director on 2 April 2024.

The company registration number is 14329957

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Localisation Solutions Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2022 to 30 September 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. The company subsequently considers the recoverable value of the trade debtors. When assessing impairment of trade debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

Localisation Solutions Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2022 to 30 September 2023

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

Additions

494

494

At 30 September 2023

494

494

Depreciation

Charge for the period

124

124

At 30 September 2023

124

124

Carrying amount

At 30 September 2023

370

370

5

Debtors

Current

2023
£

Other debtors

4,982

6

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Taxation and social security

2,924

Accruals and deferred income

240

3,164

7

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary of £0.01 each

100

1.00