Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 06022456 Mrs Anne Goldstein Mr Naresh Sakhrani Mr Peter Goldstein iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06022456 2022-12-31 06022456 2023-12-31 06022456 2023-01-01 2023-12-31 06022456 frs-core:ComputerEquipment 2023-01-01 2023-12-31 06022456 frs-core:FurnitureFittings 2023-01-01 2023-12-31 06022456 frs-core:SharePremium 2023-12-31 06022456 frs-core:ShareCapital 2023-12-31 06022456 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06022456 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06022456 frs-bus:AbridgedAccounts 2023-01-01 2023-12-31 06022456 frs-bus:SmallEntities 2023-01-01 2023-12-31 06022456 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06022456 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06022456 frs-bus:Director1 2023-01-01 2023-12-31 06022456 frs-bus:Director2 2023-01-01 2023-12-31 06022456 frs-bus:Director3 2023-01-01 2023-12-31 06022456 frs-countries:EnglandWales 2023-01-01 2023-12-31 06022456 2021-12-31 06022456 2022-12-31 06022456 2022-01-01 2022-12-31 06022456 frs-core:SharePremium 2022-12-31 06022456 frs-core:ShareCapital 2022-12-31 06022456 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 06022456
Lingoo Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 06022456
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 62,760 74,553
62,760 74,553
CURRENT ASSETS
Debtors 97,211 96,957
Cash at bank and in hand - 4,233
97,211 101,190
Creditors: Amounts Falling Due Within One Year (320,355 ) (332,157 )
NET CURRENT ASSETS (LIABILITIES) (223,144 ) (230,967 )
TOTAL ASSETS LESS CURRENT LIABILITIES (160,384 ) (156,414 )
NET LIABILITIES (160,384 ) (156,414 )
CAPITAL AND RESERVES
Called up share capital 5 601 601
Share premium account 5,400 5,400
Profit and Loss Account (166,385 ) (162,415 )
SHAREHOLDERS' FUNDS (160,384) (156,414)
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Page 2
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.
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Peter Goldstein
Director
17th September 2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Abridged Financial Statements
1. General Information
Lingoo Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06022456 . The registered office is 86-90 Paul Street, London, EC2A 4NE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
4. Tangible Assets
Total
£
Cost
As at 1 January 2023 289,102
Additions 9,128
As at 31 December 2023 298,230
Depreciation
As at 1 January 2023 214,549
Provided during the period 20,921
As at 31 December 2023 235,470
Net Book Value
As at 31 December 2023 62,760
As at 1 January 2023 74,553
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5. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 601 601
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