Registered number
07200983
Languages4you Limited
Filleted Accounts
31 March 2024
Languages4you Limited
Registered number: 07200983
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 279 279
Tangible assets 4 - 4,000
279 4,279
Current assets
Stocks 12,913 924
Debtors 5 56,412 45,589
Cash at bank and in hand 250,237 242,216
319,562 288,729
Creditors: amounts falling due within one year 6 (45,431) (52,341)
Net current assets 274,131 236,388
Net assets 274,410 240,667
Capital and reserves
Called up share capital 100 100
Profit and loss account 274,310 240,567
Shareholders' funds 274,410 240,667
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T H Knox
Director
Approved by the board on 31 October 2024
Languages4you Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures fittings and equipment over 4 years (15% reducing balance)
Computer equipment over 4 years (15% reducing balance)
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 279
At 31 March 2024 279
Amortisation
At 31 March 2024 -
Net book value
At 31 March 2024 279
At 31 March 2023 279
4 Tangible fixed assets
Fixtures fittings and equipment Computer equipment Total
£ £ £
Cost
At 1 April 2023 3,315 15,539 18,854
At 31 March 2024 3,315 15,539 18,854
Depreciation
At 1 April 2023 2,644 12,210 14,854
Charge for the year 671 3,329 4,000
At 31 March 2024 3,315 15,539 18,854
Net book value
At 31 March 2024 - - -
At 31 March 2023 671 3,329 4,000
5 Debtors 2024 2023
£ £
Trade debtors 33,352 20,534
Directors loan account 22,270 23,310
Other debtors 790 1,745
56,412 45,589
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 14,882 9,451
Taxation and social security costs 24,180 23,314
Other creditors 6,369 19,576
45,431 52,341
7 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 4,760 4,522
8 Controlling party
The company is controlled by the directors.
9 Other information
Languages4you Limited is a private company limited by shares and incorporated in England. Its registered office is:
261 Hatherley Road
Cheltenham
Glos
Languages4you Limited 07200983 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 T H Knox No description of principal activity 07200983 2022-04-01 2023-03-31 07200983 core:WithinOneYear 2023-03-31 07200983 core:ShareCapital 2023-03-31 07200983 core:RetainedEarningsAccumulatedLosses 2023-03-31 07200983 core:AllPeriods 2023-03-31 07200983 2023-04-01 2024-03-31 07200983 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07200983 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07200983 bus:Director40 2023-04-01 2024-03-31 07200983 1 2023-04-01 2024-03-31 07200983 2 2023-04-01 2024-03-31 07200983 core:PlantMachinery 2023-04-01 2024-03-31 07200983 core:Vehicles 2023-04-01 2024-03-31 07200983 countries:England 2023-04-01 2024-03-31 07200983 bus:FRS102 2023-04-01 2024-03-31 07200983 bus:FilletedAccounts 2023-04-01 2024-03-31 07200983 2024-03-31 07200983 core:WithinOneYear 2024-03-31 07200983 core:ShareCapital 2024-03-31 07200983 core:RetainedEarningsAccumulatedLosses 2024-03-31 07200983 core:Goodwill 2024-03-31 07200983 core:PlantMachinery 2024-03-31 07200983 core:Vehicles 2024-03-31 07200983 core:AllPeriods 2024-03-31 07200983 2023-03-31 07200983 core:Goodwill 2023-03-31 07200983 core:PlantMachinery 2023-03-31 07200983 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure