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REGISTERED NUMBER: 09276415 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

LINGUASSIST LTD

LINGUASSIST LTD (Registered number: 09276415)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

LINGUASSIST LTD

Company Information
for the Year Ended 31 October 2024







DIRECTORS: G N Paton
H N Paton





REGISTERED OFFICE: The Malthouse
Regent Street
Llangollen
Denbighshire
LL20 8HS





REGISTERED NUMBER: 09276415 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

LINGUASSIST LTD (Registered number: 09276415)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 1,453 1,260
1,454 1,261

CURRENT ASSETS
Debtors 6 191,840 293,455
Investments 7 29,740 24,634
Cash at bank 33,002 18,720
254,582 336,809
CREDITORS
Amounts falling due within one year 8 135,297 118,678
NET CURRENT ASSETS 119,285 218,131
TOTAL ASSETS LESS CURRENT
LIABILITIES

120,739

219,392

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 120,639 219,292
SHAREHOLDERS' FUNDS 120,739 219,392

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 13 January 2025 and were signed on its behalf by:





G N Paton - Director


LINGUASSIST LTD (Registered number: 09276415)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

LINGUASSIST LTD 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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 381,228
AMORTISATION
At 1 November 2023
and 31 October 2024 381,227
NET BOOK VALUE
At 31 October 2024 1
At 31 October 2023 1

LINGUASSIST LTD (Registered number: 09276415)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2023 3,197 8,931 12,128
Additions 485 1,086 1,571
At 31 October 2024 3,682 10,017 13,699
DEPRECIATION
At 1 November 2023 2,689 8,179 10,868
Charge for year 264 1,114 1,378
At 31 October 2024 2,953 9,293 12,246
NET BOOK VALUE
At 31 October 2024 729 724 1,453
At 31 October 2023 508 752 1,260

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 157,618 234,556
Other debtors 34,222 58,899
191,840 293,455

7. CURRENT ASSET INVESTMENTS
31.10.24 31.10.23
£    £   
Other investment 29,740 24,634

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 63,974 47,814
Taxation and social security 67,837 66,935
Other creditors 3,486 3,929
135,297 118,678

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
100 Ordinary £1 100 100

LINGUASSIST LTD (Registered number: 09276415)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

10. RESERVES
Retained
earnings
£   

At 1 November 2023 219,292
Profit for the year 56,847
Dividends (155,500 )
At 31 October 2024 120,639

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is an amount of £34,222 (2022: £58,899) relating to Mr G Paton's directors loan account.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G N Paton.

13. INVESTMENT ASSET

The value of the investment as at 31 October 2024 was £25,447 (2023: £24,644).

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
LINGUASSIST LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of LINGUASSIST LTD for the year ended 31 October 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of LINGUASSIST LTD, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of LINGUASSIST LTD and state those matters that we have agreed to state to the Board of Directors of LINGUASSIST LTD, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LINGUASSIST LTD and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that LINGUASSIST LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of LINGUASSIST LTD. You consider that LINGUASSIST LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of LINGUASSIST LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE


Date: .............................................