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REGISTERED NUMBER: 06004218 (England and Wales)















Financial Statements for the Year Ended 31 January 2024

for

Leeds Language College Limited

Leeds Language College Limited (Registered number: 06004218)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Leeds Language College Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: A C Priestley





REGISTERED OFFICE: Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY





REGISTERED NUMBER: 06004218 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Leeds Language College Limited (Registered number: 06004218)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,884 5,503

CURRENT ASSETS
Debtors 5 22,499 23,447
Cash at bank and in hand 195,326 260,351
217,825 283,798
CREDITORS
Amounts falling due within one year 6 81,421 118,570
NET CURRENT ASSETS 136,404 165,228
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,288

170,731

CREDITORS
Amounts falling due after more than one
year

7

(13,951

)

(24,113

)

PROVISIONS FOR LIABILITIES (738 ) (1,107 )
NET ASSETS 125,599 145,511

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 125,499 145,411
SHAREHOLDERS' FUNDS 125,599 145,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Leeds Language College Limited (Registered number: 06004218)

Balance Sheet - continued
31 January 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 August 2024 and were signed by:





A C Priestley - Director


Leeds Language College Limited (Registered number: 06004218)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. GENERAL INFORMATION

Leeds Language College Limited 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.

Revenue
Revenue is recognised in accordance with teaching activities engaged upon and completed during the year. Any amounts received in advance for future courses are deferred.

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 reducing balance
Computer equipment - 33% on cost

Financial instruments
Basic financial instruments are recognised at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit & loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Operating leases
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Leeds Language College Limited (Registered number: 06004218)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 17,343 3,093 20,436
DEPRECIATION
At 1 February 2023 12,477 2,456 14,933
Charge for year 1,217 402 1,619
At 31 January 2024 13,694 2,858 16,552
NET BOOK VALUE
At 31 January 2024 3,649 235 3,884
At 31 January 2023 4,866 637 5,503

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 22,499 23,447

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,162 9,915
Trade creditors 476 8,479
Taxation and social security 7,008 26,202
Other creditors 63,775 73,974
81,421 118,570

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 13,951 24,113

Leeds Language College Limited (Registered number: 06004218)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.24 31.1.23
£    £   
Within one year 42,783 49,768
Between one and five years 6,962 46,075
49,745 95,843

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
A C Priestley
Balance outstanding at start of year 13,861 14,712
Amounts advanced 36,374 24,149
Amounts repaid (40,758 ) (25,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,477 13,861

Interest is charged at the official rate on overdrawn loan accounts. This loan is repayable on demand.