Company Registration No. 14223846 (England and Wales)
Express Interpreting Ltd
Unaudited accounts
for the year ended 31 July 2024
Express Interpreting Ltd
Unaudited accounts
Contents
Express Interpreting Ltd
Company Information
for the year ended 31 July 2024
Company Number
14223846 (England and Wales)
Registered Office
399 HOTHAM ROAD SOUTH
HULL
HU5 5UD
ENGLAND
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
Express Interpreting Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
3,173
3,096
Cash at bank and in hand
3,299
3,342
Creditors: amounts falling due within one year
(7,131)
(10,409)
Net current liabilities
(3,832)
(7,067)
Net liabilities
(659)
(3,971)
Called up share capital
100
100
Profit and loss account
(759)
(4,071)
Shareholders' funds
(659)
(3,971)
For the year ending 31 July 2024 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 January 2025 and were signed on its behalf by
Miss M Rapcea
Director
Company Registration No. 14223846
Express Interpreting Ltd
Notes to the Accounts
for the year ended 31 July 2024
Express Interpreting Ltd is a private company, limited by shares, registered in England and Wales, registration number 14223846. The registered office is 399 HOTHAM ROAD SOUTH, HULL, HU5 5UD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% Cost
Computer equipment
25% cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Expenditure on research and development is written off in the year in which it is incurred.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Express Interpreting Ltd
Notes to the Accounts
for the year ended 31 July 2024
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2023
2,400
1,099
3,499
At 31 July 2024
3,000
1,099
4,099
At 1 August 2023
240
163
403
Charge for the year
360
163
523
At 31 July 2024
600
326
926
At 31 July 2024
2,400
773
3,173
At 31 July 2023
2,160
936
3,096
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Creditors: amounts falling due within one year
2024
2023
Taxes and social security
758
3,349
Loans from directors
6,373
5,860
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 2 (2023: 2).