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REGISTERED NUMBER: 03928612 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Translate (GB) Ltd

Translate (GB) Ltd (Registered number: 03928612)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Translate (GB) Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Dr A W Monks





REGISTERED OFFICE: Brunel House
11 The Promenade
Clifton
Bristol
BS8 3NG





REGISTERED NUMBER: 03928612 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Brunel House
11 The Promenade
Clifton Down
Bristol
BS8 3NG

Translate (GB) Ltd (Registered number: 03928612)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,115 1,312

CURRENT ASSETS
Debtors 5 6,450 4,885
Cash at bank and in hand 6,860 6,326
13,310 11,211
CREDITORS
Amounts falling due within one year 6 25,138 19,464
NET CURRENT LIABILITIES (11,828 ) (8,253 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,713

)

(6,941

)

PROVISIONS FOR LIABILITIES 8 185 216
NET LIABILITIES (10,898 ) (7,157 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 (10,899 ) (7,158 )
SHAREHOLDERS' FUNDS (10,898 ) (7,157 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 11 April 2025 and were signed by:





Dr A W Monks - Director


Translate (GB) Ltd (Registered number: 03928612)

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

1. STATUTORY INFORMATION

Translate (GB) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance basis
Fixtures and fittings - 15% on reducing balance basis
Computer equipment - 20% on straight line basis

Taxation
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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Translate (GB) Ltd (Registered number: 03928612)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023
and 31 August 2024 5,232 7,248 14,728 27,208
DEPRECIATION
At 1 September 2023 4,960 6,208 14,728 25,896
Charge for year 41 156 - 197
At 31 August 2024 5,001 6,364 14,728 26,093
NET BOOK VALUE
At 31 August 2024 231 884 - 1,115
At 31 August 2023 272 1,040 - 1,312

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,022 2,947
Prepayments 3,428 1,938
6,450 4,885

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 7) 2,937 4,010
Trade creditors 2,467 4,926
Social security and other taxes 5,763 6,001
Loan - 3A Tutors Ltd 12,082 2,734
Accrued expenses 1,889 1,793
25,138 19,464

7. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 2,937 4,010

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 185 216

Deferred
tax
£   
Balance at 1 September 2023 216
Credit to Income Statement during year (31 )
Balance at 31 August 2024 185

Translate (GB) Ltd (Registered number: 03928612)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Retained
earnings
£   

At 1 September 2023 (7,158 )
Deficit for the year (3,741 )
At 31 August 2024 (10,899 )

11. RELATED PARTY DISCLOSURES

At the start of the year, Translate (GB) Limited owed £2,734 to 3A Tutors Limited, a company in which Dr A W Monks is a director. This was included within creditors in the accounts for the year ended 31 August 2023. During this financial year 3A Tutors Limited loaned Translate (GB) Ltd a further £9,348.. The total sum owed to 3A Tutors Limited at 31 August 2024 amounted to £12,082. This was loaned on an interest free basis and is included within creditors under note 8 of the financial statements.