REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 27 December 2023 |
for |
DNA Language Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 27 December 2023 |
for |
DNA Language Ltd |
DNA Language Ltd (Registered number: SC381054) |
Contents of the Financial Statements |
for the Year Ended 27 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
DNA Language Ltd |
Company Information |
for the Year Ended 27 December 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
2 Stewart Street |
Milngavie |
Glasgow |
G62 6BW |
DNA Language Ltd (Registered number: SC381054) |
Balance Sheet |
27 December 2023 |
27.12.23 | 27.12.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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. |
DNA Language Ltd (Registered number: SC381054) |
Balance Sheet - continued |
27 December 2023 |
The financial statements were approved by the Board of Directors and authorised for issue on |
DNA Language Ltd (Registered number: SC381054) |
Notes to the Financial Statements |
for the Year Ended 27 December 2023 |
1. | STATUTORY INFORMATION |
DNA Language Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Computer equipment | - |
Financial instruments |
All financial assets and liabilities of the company are basic financial instruments and are recognised initially at transaction value and subsequently at settlement value. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Cash at bank |
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the account. |
DNA Language Ltd (Registered number: SC381054) |
Notes to the Financial Statements - continued |
for the Year Ended 27 December 2023 |
2. | ACCOUNTING POLICIES - continued |
Provisions |
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement, and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability on the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date. Any adjustments to the amounts previously provided are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 28 December 2022 |
and 27 December 2023 |
DEPRECIATION |
At 28 December 2022 |
Charge for year |
At 27 December 2023 |
NET BOOK VALUE |
At 27 December 2023 |
At 27 December 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
27.12.23 | 27.12.22 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
27.12.23 | 27.12.22 |
£ | £ |
Bank loans and overdrafts |
Taxation and social security |
Other creditors |
DNA Language Ltd (Registered number: SC381054) |
Notes to the Financial Statements - continued |
for the Year Ended 27 December 2023 |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
27.12.23 | 27.12.22 |
£ | £ |
Bank loans |
8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 27 December 2023 and 27 December 2022: |
27.12.23 | 27.12.22 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |