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REGISTERED NUMBER: 04723772 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

KOLBE TRANSLATIONS LTD

KOLBE TRANSLATIONS LTD (REGISTERED NUMBER: 04723772)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KOLBE TRANSLATIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: A Kolbe
M Kolbe





REGISTERED OFFICE: 115c Milton Road
Cambridge
CB4 1XE





REGISTERED NUMBER: 04723772 (England and Wales)





ACCOUNTANTS: Prentis & Co LLP
Chartered Accountants
115c Milton Road
Cambridge
CB4 1XE

KOLBE TRANSLATIONS LTD (REGISTERED NUMBER: 04723772)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 932 373
932 373

CURRENT ASSETS
Debtors 6 221 53
Cash at bank 2,249 1,114
2,470 1,167
CREDITORS
Amounts falling due within one year 7 3,649 4,442
NET CURRENT LIABILITIES (1,179 ) (3,275 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(247

)

(2,902

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (347 ) (3,002 )
(247 ) (2,902 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2024 and were signed on its behalf by:




A Kolbe - Director


KOLBE TRANSLATIONS LTD (REGISTERED NUMBER: 04723772)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Kolbe Translations Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements include the results of the company's operations all of which are continuing. The financial statements have been prepared on a going concern basis. This may not be appropriate because at 31st July 2023 the company's current liabilities exceeded its current assets by £1,179 and total liabilities of the company were £3,649. The company is reliant upon the continued support of its directors, bank and creditors, but there is no evidence to suggest that this will not continue and that further funds will not be provided as necessary to enable the company to continue as a going concern.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, was amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 11,500
AMORTISATION
At 1 August 2022
and 31 July 2023 11,500
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

KOLBE TRANSLATIONS LTD (REGISTERED NUMBER: 04723772)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022 554 1,225 1,779
Additions - 800 800
At 31 July 2023 554 2,025 2,579
DEPRECIATION
At 1 August 2022 554 852 1,406
Charge for year - 241 241
At 31 July 2023 554 1,093 1,647
NET BOOK VALUE
At 31 July 2023 - 932 932
At 31 July 2022 - 373 373

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
VAT 221 53

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 160 -
Tax 2,482 3,362
Accrued expenses 1,007 1,080
3,649 4,442

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £8,643 (2022 - £29,153) were paid to the directors .

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A Kolbe and Mrs M Kolbe by virtue of their 100% ownership of issued shares.