Registration number:
Thames Language & Culture Ltd
for the Year Ended 30 September 2024
Thames Language & Culture Ltd
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Thames Language & Culture Ltd
Company Information
Director |
Mrs K Gorny |
Registered office |
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Accountants |
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Thames Language & Culture Ltd
(Registration number: 03138949)
Balance Sheet as at 30 September 2024
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2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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Thames Language & Culture Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Thames Language & Culture Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)
2 |
Accounting policies (continued) |
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Fixtures and Fittings |
10% Straight Line |
Computer Equipment |
20% Reducing Balance |
Financial instruments
Classification
Recognition and measurement
At the end of each reporting period, an entity shall measure all financial instruments which constitute a financing arrangement at fair value and recognise changes in fair value in profit or loss.
Thames Language & Culture Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Thames Language & Culture Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)
Tangible assets |
Fixtures and fittings |
Office equipment |
Total |
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Cost or valuation |
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At 1 October 2023 |
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Additions |
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At 30 September 2024 |
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Depreciation |
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At 1 October 2023 |
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Charge for the year |
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At 30 September 2024 |
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Carrying amount |
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At 30 September 2024 |
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At 30 September 2023 |
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Debtors |
Current |
2024 |
2023 |
Trade debtors |
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- |
Prepayments |
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Creditors |
Creditors: amounts falling due within one year
Thames Language & Culture Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)
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Creditors (continued) |
2024 |
2023 |
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Due within one year |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
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2023 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
Dividends |
2024 |
2023 |
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£ |
£ |
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Interim dividend of £ |
41,174 |
40,900 |
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Related party transactions |
Transactions with the director |
Thames Language & Culture Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)
9 |
Related party transactions (continued) |
2024 |
At 1 October 2023 |
Advances to director |
Other payments made to company by director |
At 30 September 2024 |
Mrs K Gorny |
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The loan is interest free with no fixed date of repayable. |
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(312) |
( |