Company Registration No. 07024340 (England and Wales)
Language Coach Limited
Unaudited accounts
for the year ended 30 September 2023
Language Coach Limited
Unaudited accounts
Contents
Language Coach Limited
Company Information
for the year ended 30 September 2023
Company Number
07024340 (England and Wales)
Registered Office
A & L, Suite 1-3 Hop Exchange
24 Southwark Street
London
SE1 1TY
England
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3, The Hop Exchange
24 Southwark Street
London
SE1 1TY
Language Coach Limited
Accountants' report
Accountants' report to the director of Language Coach Limited on the preparation of the unaudited statutory accounts for the year ended 30 September 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Language Coach Limited for the year ended
30 September 2023 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Language Coach Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Language Coach Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Language Coach Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Language Coach Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Language Coach Limited. You consider that Language Coach Limited 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 accounts of Language Coach Limited. 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 accounts.
Accounts and Legal Consultants Ltd
Suite 1-3, The Hop Exchange
24 Southwark Street
London
SE1 1TY
3 February 2025
Language Coach Limited
Statement of financial position
as at 30 September 2023
Cash at bank and in hand
78
-
Creditors: amounts falling due within one year
(86,577)
(68,829)
Net current assets
13,142
13,671
Total assets less current liabilities
13,298
14,136
Creditors: amounts falling due after more than one year
(12,233)
(12,990)
Called up share capital
100
100
Profit and loss account
965
1,046
Shareholders' funds
1,065
1,146
For the year ending 30 September 2023 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 his 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 3 February 2025 and were signed on its behalf by
Stefan Oloffs
Director
Company Registration No. 07024340
Language Coach Limited
Notes to the Accounts
for the year ended 30 September 2023
Language Coach Limited is a private company, limited by shares, registered in England and Wales, registration number 07024340. The registered office is A & L, Suite 1-3 Hop Exchange, 24 Southwark Street, London, SE1 1TY, 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 are presented in £ sterling.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Computer equipment
33% Straight Line
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.
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
Taxation for the year 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.
Language Coach Limited
Notes to the Accounts
for the year ended 30 September 2023
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
4
Tangible fixed assets
Computer equipment
At 30 September 2023
5,689
At 30 September 2023
5,533
Amounts falling due within one year
Other debtors
99,641
82,500
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,127
2,829
Taxes and social security
55,400
42,042
Other creditors
28,107
23,790
Language Coach Limited
Notes to the Accounts
for the year ended 30 September 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to director
61,682
11,815
-
73,497
During the year end 30 September 2022 the Director received a loan of £61,682 from the company. With an additional £11,583 during the 2023 year. This resulted in the loan balance at the year end being £73,266. This loan has interest charged on it at 2% leaving overall balance at £73,497
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).