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COMPANY REGISTRATION NUMBER: 11713045
ALL WORLD TRANSLATIONS LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 December 2023
ALL WORLD TRANSLATIONS LTD
FINANCIAL STATEMENTS
Year ended 31 December 2023
CONTENTS
PAGE
Balance sheet
1
Notes to the financial statements
2
ALL WORLD TRANSLATIONS LTD
BALANCE SHEET
31 December 2023
2023
2022
Note
£
£
CURRENT ASSETS
Debtors
4
495
Cash at bank and in hand
867
3,850
----
-------
867
4,345
CREDITORS: amounts falling due within one year
5
( 7,587)
( 6,925)
-------
-------
NET CURRENT LIABILITIES
( 6,720)
( 2,580)
-------
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 6,720)
( 2,580)
-------
-------
NET LIABILITIES
( 6,720)
( 2,580)
-------
-------
CAPITAL AND RESERVES
Called up share capital
1
1
Profit and loss account
( 6,721)
( 2,581)
-------
-------
SHAREHOLDERS FUNDS
( 6,720)
( 2,580)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 16 September 2024 , and are signed on behalf of the board by:
Ms A Kedaviciute
Director
Company registration number: 11713045
ALL WORLD TRANSLATIONS LTD
NOTES TO THE FINANCIAL STATEMENTS
Year ended 31 December 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Cedar House, Hazell Drive, Newport, NP10 8FY.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts show that the company had net liabilities of £6,720 at the balance sheet date. The director has therefore had to consider the appropriateness of the going concern basis. The company has been able to finance its operations largely because of support from the director. Were this support not available, the company may not be able to continue trading. The director is confident that the company will be able to meet its obligations for at least the next twelve months with her continuing support. She therefore considers it appropriate to prepare the accounts on the going concern basis.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for translation and interpretation services rendered, stated net of discounts.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. DEBTORS
2023
2022
£
£
Other debtors
495
----
----
5. CREDITORS: amounts falling due within one year
2023
2022
£
£
Other creditors
7,587
6,925
-------
-------
6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
Included within creditors is a balance of £5,125 (2022 - £6,025) due to the director. This balance is interest free and repayable on demand.