2022-09-012023-08-312023-08-31false02847847THE LONDON LANGUAGE FACTORY 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THE LONDON LANGUAGE FACTORY LIMITED

Registered Number
02847847
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2023

THE LONDON LANGUAGE FACTORY LIMITED
Company Information
for the year from 1 September 2022 to 31 August 2023

Director

Roger Jones

Company Secretary

Roger Jones

Registered Address

50 Sheephouse Road
Maidenhead
Berkshire
SL6 8HH

Registered Number

02847847 (England and Wales)
THE LONDON LANGUAGE FACTORY LIMITED
Balance Sheet as at
31 August 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets746,07762,567
Investments88,0298,029
54,10670,596
Current assets
Debtors91,881,89969,247
Cash at bank and on hand42,7462,191,599
1,924,6452,260,846
Creditors amounts falling due within one year10(372,159)(455,374)
Net current assets (liabilities)1,552,4861,805,472
Total assets less current liabilities1,606,5921,876,068
Provisions for liabilities12(11,935)(15,642)
Net assets1,594,6571,860,426
Capital and reserves
Called up share capital100100
Profit and loss account1,594,5571,860,326
Shareholders' funds1,594,6571,860,426
The financial statements were approved and authorised for issue by the Director on 19 April 2024, and are signed on its behalf by:
Roger Jones
Director
Registered Company No. 02847847
THE LONDON LANGUAGE FACTORY LIMITED
Notes to the Financial Statements
for the year ended 31 August 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company in the year under review was that of a language tutor.
4.Basis of measurement used in financial statements
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).
5.Accounting policies
Turnover policy
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 rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery4
Fixtures and fittings5
Office Equipment4
Revenue recognition policy
Turnover from the rendering of services is recognised as the contractual activity progresses. 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.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
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.
Foreign currency translation and operations policy
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.
Investments policy
Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
6.Employee information

20232022
Average number of employees during the year43
7.Property, plant and equipment

Land & buildings

Plant & machinery

Office Equipment

Total

££££
Cost or valuation
At 01 September 2227,4076,77094,343128,520
At 31 August 2327,4076,77094,343128,520
Depreciation and impairment
At 01 September 22-6,00559,94865,953
Charge for year-74315,74716,490
At 31 August 23-6,74875,69582,443
Net book value
At 31 August 2327,4072218,64846,077
At 31 August 2227,40776534,39562,567
8.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 September 228,0298,029
At 31 August 238,0298,029
Net book value
At 31 August 238,0298,029
At 31 August 228,0298,029

Notes

1Investments in group undertakings and participating interests
9.Debtors

2023

2022

££
Trade debtors / trade receivables1,868,56964,271
Other debtors2221,868
Prepayments and accrued income-331
Other debtors (Non-current)13,1082,777
Total1,881,89969,247
10.Creditors within one year

2023

2022

££
Trade creditors / trade payables207,595308,306
Bank borrowings and overdrafts50250
Taxation and social security57,748118,531
Other creditors97,39924,214
Accrued liabilities and deferred income9,3674,073
Total372,159455,374
11.Creditors after one year
12.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)11,93515,642
Total11,93515,642