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Company Registration No. 10701434 (England and Wales)
My Language Connection Limited Unaudited accounts for the year ended 31 March 2024
My Language Connection Limited Unaudited accounts Contents
Page
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My Language Connection Limited Company Information for the year ended 31 March 2024
Director
Victoria Nicol
Secretary
Victoria Nicol
Company Number
10701434 (England and Wales)
Registered Office
20-22 Wenlock Road London N1 7GU
Accountants
Arran Accountancy Limited Alexanders Brodick Isle of Arran KA27 8HF
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My Language Connection Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,822 
2,702 
Current assets
Debtors
91,188 
90,660 
Cash at bank and in hand
364,671 
282,674 
455,859 
373,334 
Creditors: amounts falling due within one year
(299,565)
(228,559)
Net current assets
156,294 
144,775 
Total assets less current liabilities
159,116 
147,477 
Creditors: amounts falling due after more than one year
(12,200)
(22,200)
Net assets
146,916 
125,277 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
146,816 
125,177 
Shareholders' funds
146,916 
125,277 
For the year ending 31 March 2024 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 director acknowledges her 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 and authorised for issue on 2 July 2024 and were signed on its behalf by
Victoria Nicol Director Company Registration No. 10701434
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My Language Connection Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
My Language Connection Limited is a private company, limited by shares, registered in England and Wales, registration number 10701434. The registered office is 20-22 Wenlock Road, London, N1 7GU.
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:
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
5,244 
Additions
825 
At 31 March 2024
6,069 
Depreciation
At 1 April 2023
2,542 
Charge for the year
705 
At 31 March 2024
3,247 
Net book value
At 31 March 2024
2,822 
At 31 March 2023
2,702 
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My Language Connection Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
71,939 
63,924 
Accrued income and prepayments
4,250 
10,376 
Other debtors
14,999 
16,360 
91,188 
90,660 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
62,919 
39,397 
Trade creditors
72,879 
83,883 
Taxes and social security
41,901 
36,338 
Other creditors
5,024 
2,152 
Accruals
3,870 
1,968 
Deferred income
102,972 
54,821 
299,565 
228,559 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
12,200 
22,200 
8
Average number of employees
During the year the average number of employees was 9 (2023: 7).
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