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REGISTERED NUMBER: 10460730 (England and Wales)















Unaudited Financial Statements

for the Period 1 April 2023 to 31 January 2024

for

Lotus Linguistics Limited

Lotus Linguistics Limited (Registered number: 10460730)






Contents of the Financial Statements
for the Period 1 April 2023 to 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lotus Linguistics Limited

Company Information
for the Period 1 April 2023 to 31 January 2024







DIRECTORS: Mrs N H Lewis
J A Lewis





REGISTERED OFFICE: 30 Lark Hill Crescent
Ripon
North Yorkshire
HG4 2HN





REGISTERED NUMBER: 10460730 (England and Wales)





ACCOUNTANTS: Yorkshire Medical Accountants LLP
Suite 12
East Wing, Jason House
Kerry Hill, Horsforth
Leeds
West Yorkshire
LS18 4JR

Lotus Linguistics Limited (Registered number: 10460730)

Balance Sheet
31 January 2024

31.1.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,487 3,446
Tangible assets 5 2,551 2,535
5,038 5,981

CURRENT ASSETS
Debtors 6 28,238 38,085
Cash at bank and in hand 113,782 122,005
142,020 160,090
CREDITORS
Amounts falling due within one year 7 14,765 29,900
NET CURRENT ASSETS 127,255 130,190
TOTAL ASSETS LESS CURRENT
LIABILITIES

132,293

136,171

PROVISIONS FOR LIABILITIES 485 482
NET ASSETS 131,808 135,689

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 131,708 135,589
SHAREHOLDERS' FUNDS 131,808 135,689

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

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

The directors acknowledge their 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.

Lotus Linguistics Limited (Registered number: 10460730)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by:




Mrs N H Lewis - Director



J A Lewis - Director


Lotus Linguistics Limited (Registered number: 10460730)

Notes to the Financial Statements
for the Period 1 April 2023 to 31 January 2024

1. STATUTORY INFORMATION

Lotus Linguistics 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.

The length of the reporting period covered by the financial statements has been shortened to cover the
10 month period ended 31 January 2024, following a change in accounting schemes for VAT. Therefore, some of the comparative figures are not entirely comparable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

Lotus Linguistics Limited (Registered number: 10460730)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 31 January 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 January 2024 9,592
AMORTISATION
At 1 April 2023 6,146
Charge for period 959
At 31 January 2024 7,105
NET BOOK VALUE
At 31 January 2024 2,487
At 31 March 2023 3,446

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 6,437
Additions 1,922
Disposals (1,007 )
At 31 January 2024 7,352
DEPRECIATION
At 1 April 2023 3,902
Charge for period 1,235
Eliminated on disposal (336 )
At 31 January 2024 4,801
NET BOOK VALUE
At 31 January 2024 2,551
At 31 March 2023 2,535

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.3.23
£    £   
Trade debtors 28,008 38,085
Other debtors 230 -
28,238 38,085

Lotus Linguistics Limited (Registered number: 10460730)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.3.23
£    £   
Hire purchase contracts - 393
Trade creditors 99 118
Taxation and social security 11,532 25,630
Other creditors 3,134 3,759
14,765 29,900

8. RELATED PARTY DISCLOSURES

During the period, total dividends of £27,500 (2023 - £36,000) were paid to the directors .

Included in other creditors at the year end is an amount owing to the directors of £126 (2023 - £1,245).