Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-312022-08-01falseNo description of principal activity55falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02889291 2022-08-01 2023-07-31 02889291 2021-08-01 2022-07-31 02889291 2023-07-31 02889291 2022-07-31 02889291 c:Director5 2022-08-01 2023-07-31 02889291 d:OfficeEquipment 2022-08-01 2023-07-31 02889291 d:OfficeEquipment 2023-07-31 02889291 d:OfficeEquipment 2022-07-31 02889291 d:CurrentFinancialInstruments 2023-07-31 02889291 d:CurrentFinancialInstruments 2022-07-31 02889291 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 02889291 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 02889291 d:ShareCapital 2023-07-31 02889291 d:ShareCapital 2022-07-31 02889291 d:RetainedEarningsAccumulatedLosses 2023-07-31 02889291 d:RetainedEarningsAccumulatedLosses 2022-07-31 02889291 c:FRS102 2022-08-01 2023-07-31 02889291 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 02889291 c:FullAccounts 2022-08-01 2023-07-31 02889291 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 02889291 2 2022-08-01 2023-07-31 02889291 e:PoundSterling 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 02889291










LINK TRANSLATION BUREAU LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

 
LINK TRANSLATION BUREAU LIMITED
REGISTERED NUMBER: 02889291

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
81,050
243,937

Cash at bank and in hand
 6 
128,039
48,955

  
209,089
292,892

Creditors: amounts falling due within one year
 7 
(87,481)
(68,954)

Net current assets
  
 
 
121,608
 
 
223,938

Total assets less current liabilities
  
121,608
223,938

  

Net assets
  
121,608
223,938


Capital and reserves
  

Called up share capital 
  
4
4

Profit and loss account
  
121,604
223,934

  
121,608
223,938


Page 1

 
LINK TRANSLATION BUREAU LIMITED
REGISTERED NUMBER: 02889291
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 July 2024.






S. Forrest
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
LINK TRANSLATION BUREAU LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Link Translation Bureau Limited is a private limited company, limited by shares, incorporated in England and Wales. It's registered office is 1 Mann Island, Liverpool, L3 1BP. The company number is 02889291.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. They continue to believe the going concern basis of accounting appropriate in preparing the annual financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
LINK TRANSLATION BUREAU LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
Over 3 to 4 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
LINK TRANSLATION BUREAU LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.8

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.10

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.11

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 5).

Page 5

 
LINK TRANSLATION BUREAU LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


TANGIBLE FIXED ASSETS





Office equipment

£



Cost or valuation


At 1 August 2022
10,035



At 31 July 2023

10,035



Depreciation


At 1 August 2022
10,035



At 31 July 2023

10,035



Net book value



At 31 July 2023
-



At 31 July 2022
-

Page 6

 
LINK TRANSLATION BUREAU LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

5.


Debtors

2023
2022
£
£


Trade debtors
70,708
235,687

Other debtors
2,131
-

Prepayments and accrued income
4,590
4,606

Amounts recoverable on contracts
3,621
3,644

81,050
243,937



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
128,039
48,955

128,039
48,955



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
69,685
37,998

Corporation tax
-
1,346

Other taxation and social security
10,022
6,965

Other creditors
-
11,721

Accruals and deferred income
7,774
10,924

87,481
68,954



8.


Controlling party

The company is a 100% subsidiary of Scintilla Links Limited, a company registered in England and Wales.
The directors of Scintilla Links Limited are the ultimate controlling party.

 
Page 7