Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31No description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01false33true 03800435 2023-01-01 2023-12-31 03800435 2022-01-01 2022-12-31 03800435 2023-12-31 03800435 2022-12-31 03800435 c:Director1 2023-01-01 2023-12-31 03800435 d:OfficeEquipment 2023-01-01 2023-12-31 03800435 d:OfficeEquipment 2023-12-31 03800435 d:OfficeEquipment 2022-12-31 03800435 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03800435 d:CurrentFinancialInstruments 2023-12-31 03800435 d:CurrentFinancialInstruments 2022-12-31 03800435 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03800435 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03800435 d:ShareCapital 2023-12-31 03800435 d:ShareCapital 2022-12-31 03800435 d:SharePremium 2023-12-31 03800435 d:SharePremium 2022-12-31 03800435 d:CapitalRedemptionReserve 2023-12-31 03800435 d:CapitalRedemptionReserve 2022-12-31 03800435 d:RetainedEarningsAccumulatedLosses 2023-12-31 03800435 d:RetainedEarningsAccumulatedLosses 2022-12-31 03800435 c:FRS102 2023-01-01 2023-12-31 03800435 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03800435 c:FullAccounts 2023-01-01 2023-12-31 03800435 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03800435 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 03800435










E.P.A. LANGUAGE SERVICES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
E.P.A. LANGUAGE SERVICES LIMITED
REGISTERED NUMBER: 03800435

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
388
1,107

Current assets
  

Debtors: amounts falling due within one year
 5 
13,394
20,014

Bank and cash balances
  
145,357
131,427

  
158,751
151,441

Creditors: amounts falling due within one year
 6 
(9,519)
(11,943)

Net current assets
  
 
 
149,232
 
 
139,498

Total assets less current liabilities
  
149,620
140,605

Provisions for liabilities
  

Deferred tax
  
(74)
(277)

Net assets
  
149,546
140,328


Capital and reserves
  

Called up share capital 
  
739
739

Share premium account
  
373
373

Capital redemption reserve
  
176
176

Profit and loss account
  
148,258
139,040

  
149,546
140,328


Page 1

 
E.P.A. LANGUAGE SERVICES LIMITED
REGISTERED NUMBER: 03800435
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The Directors consider 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 Directors acknowledge their 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: 






A R Brealey
Director

Date: 23 September 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
E.P.A. LANGUAGE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

EPA Language Services Limited is a private company (registration number 03800435) limited by shares and incorporated in England & Wales. Its registered office is AMC House, 12 Cumberland Avenue, London, NW10 7QL. 

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 and presentational currency is 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.

 
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.

Page 3

 
E.P.A. LANGUAGE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
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, fixtures & fittings
-
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

Debtors

Short term debtors are measured at transaction price, less any impairment.

Page 4

 
E.P.A. LANGUAGE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

Creditors

Short term creditors are measured at the transaction price.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 5

 
E.P.A. LANGUAGE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Tangible fixed assets





Equipment, fixtures & fittings

£



Cost or valuation


At 1 January 2023
21,575



At 31 December 2023

21,575



Depreciation


At 1 January 2023
20,468


Charge for the year on owned assets
719



At 31 December 2023

21,187



Net book value



At 31 December 2023
388



At 31 December 2022
1,107

Page 6

 
E.P.A. LANGUAGE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
5,472
11,535

Other debtors
6,625
6,807

Prepayments and accrued income
1,297
1,672

13,394
20,014



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,499
2,516

Corporation tax
3,717
3,449

Other taxation and social security
825
1,296

Other creditors
207
146

Accruals and deferred income
3,271
4,536

9,519
11,943


 
Page 7