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Company Registration No. 11692693 (England and Wales)
LETSLOCALISE LIMITED Unaudited accounts for the year ended 30 November 2023
LETSLOCALISE LIMITED Unaudited accounts Contents
Page
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LETSLOCALISE LIMITED Company Information for the year ended 30 November 2023
Directors
Gaurav Garg Divya Garg
Company Number
11692693 (England and Wales)
Registered Office
1a Bearwood Road Barkham, Wokingham RG41 4TB GB
Accountants
CoreAdviz Digital Finance Ltd 10 Daventer Drive Stanmore HA7 3TJ
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LETSLOCALISE LIMITED Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
162,233 
162,233 
Tangible assets
58,412 
70,739 
220,645 
232,972 
Current assets
Debtors
80,028 
143,198 
Cash at bank and in hand
84,685 
62,544 
164,713 
205,742 
Creditors: amounts falling due within one year
(239,189)
(9,683)
Net current (liabilities)/assets
(74,476)
196,059 
Total assets less current liabilities
146,169 
429,031 
Creditors: amounts falling due after more than one year
(27,083)
(31,240)
Net assets
119,086 
397,791 
Capital and reserves
Called up share capital
384,795 
360,795 
Share premium
498,908 
498,908 
Capital contribution reserve
42,810 
66,810 
Profit and loss account
(807,427)
(528,722)
Shareholders' funds
119,086 
397,791 
For the year ending 30 November 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 directors acknowledge their 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 of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by
Gaurav Garg Director Company Registration No. 11692693
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LETSLOCALISE LIMITED Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
LETSLOCALISE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11692693. The registered office is 1a Bearwood Road, Barkham, Wokingham, RG41 4TB, GB.
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 remained unchanged from the previous year, and also 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.
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. For P&M assets where they are under construction, useful life has not been determined.
Fixtures & fittings
Over 5 years
Computer equipment
Over 4 years and mobile devices 2 years
Research and development
Expenditure on research and development is written off in the year in which it is incurred. Some of the eligible R&D costs were capitalised as intangible fixed assets
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are usually included at cost less accumulated amortisation. For the last two years during the development phase, KnowHow and software are built by Founders. Hence, no amortisation is been applied yet.
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LETSLOCALISE LIMITED Notes to the Accounts for the year ended 30 November 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 December 2022
162,233 
At 30 November 2023
162,233 
Amortisation
At 1 December 2022
- 
At 30 November 2023
- 
Net book value
At 30 November 2023
162,233 
At 30 November 2022
162,233 
Other Intangible value is cost towards unpaid worked hours incurred during development phase of system infrastructure, software - knowHow built by founders. Since system infrastructure is in development stage of 1st year and hence amortisation / impairment has not been calculated this year.
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2022
93,272 
2,745 
5,066 
101,083 
At 30 November 2023
93,272 
2,745 
5,066 
101,083 
Depreciation
At 1 December 2022
23,318 
2,196 
4,830 
30,344 
Charge for the year
11,659 
549 
119 
12,327 
At 30 November 2023
34,977 
2,745 
4,949 
42,671 
Net book value
At 30 November 2023
58,295 
- 
117 
58,412 
At 30 November 2022
69,954 
549 
236 
70,739 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
4,468 
647 
Trade debtors
1,309 
500 
Accrued income and prepayments
74,200 
102,900 
Other debtors
- 
39,151 
79,977 
143,198 
Amounts falling due after more than one year
Other debtors
51 
- 
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LETSLOCALISE LIMITED Notes to the Accounts for the year ended 30 November 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
4,419 
- 
Taxes and social security
223 
3,100 
Other creditors
124,323 
6,277 
Loans from directors
98,874 
(1,004)
Accruals
450 
1,310 
Deferred income
10,900 
- 
239,189 
9,683 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
27,083 
31,240 
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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