Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31No description of principal activity6false7false2023-04-01trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04403840 2023-04-01 2024-03-31 04403840 2022-04-01 2023-03-31 04403840 2024-03-31 04403840 2023-03-31 04403840 c:Director1 2023-04-01 2024-03-31 04403840 d:PlantMachinery 2023-04-01 2024-03-31 04403840 d:PlantMachinery 2024-03-31 04403840 d:PlantMachinery 2023-03-31 04403840 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 04403840 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 04403840 d:CurrentFinancialInstruments 2024-03-31 04403840 d:CurrentFinancialInstruments 2023-03-31 04403840 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04403840 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04403840 d:ShareCapital 2024-03-31 04403840 d:ShareCapital 2023-03-31 04403840 d:RetainedEarningsAccumulatedLosses 2024-03-31 04403840 d:RetainedEarningsAccumulatedLosses 2023-03-31 04403840 c:FRS102 2023-04-01 2024-03-31 04403840 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04403840 c:FullAccounts 2023-04-01 2024-03-31 04403840 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 04403840










ALFIA LANGUAGES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
ALFIA LANGUAGES LIMITED
REGISTERED NUMBER:04403840

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Cash at bank and in hand
 6 
46,623
42,581

  
46,623
42,581

Creditors: amounts falling due within one year
 7 
(15,175)
(20,140)

Net current assets
  
 
 
31,448
 
 
22,441

Total assets less current liabilities
  
31,448
22,441

  

Net assets
  
31,448
22,441


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
31,348
22,341

  
31,448
22,441


The director considers 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 director acknowledges her 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 by: 




................................................
E M Warnery
Director

Date: 4 September 2024

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
ALFIA LANGUAGES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Alfia Languages Limited is a company limited by shares, registered in England and Wales, company registration number 04403840.
The registered office is Century House, The Lakes, Northampton, Northamptonshire, NN4 7HD and the principal place of business is 9 Alee de Pasargades, Orsay, 91400, France.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional currency is the Euro. This differs from the presentational currency which is GBP. The reason for the difference is that the company is registered in the UK and the director is a UK resident for tax purposes. The director therefore requires the company's performance to be reported in 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'.

Page 2

 
ALFIA LANGUAGES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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

Intangible assets

Intangible fixed assets are stated at cost less amortisation. Amortisation is provided at rates
calculated to write off the cost of fixed assets, less their estimated residual value, over their
expected useful lives. Development expenditure is amortised over a period of one year.

 
2.5

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.

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:

Equipment
-
33% straight line

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.

 
2.6

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.

Page 3

 
ALFIA LANGUAGES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 7).


4.


Intangible assets




Development expenditure

£



Cost


At 1 April 2023
62,859



At 31 March 2024

62,859



Amortisation


At 1 April 2023
62,859



At 31 March 2024

62,859



Net book value



At 31 March 2024
-



At 31 March 2023
-



Page 4

 
ALFIA LANGUAGES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Equipment

£



Cost or valuation


At 1 April 2023
8,900



At 31 March 2024

8,900



Depreciation


At 1 April 2023
8,900



At 31 March 2024

8,900



Net book value



At 31 March 2024
-



At 31 March 2023
-


6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
46,623
42,581



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
-
522

Other creditors
13,175
13,175

Accruals and deferred income
2,000
6,443

15,175
20,140


 
Page 5