IRIS Accounts Production v25.1.0.734 SC261069 Board of Directors 31.12.24 1.1.24 31.12.24 31.12.24 Medium entities These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. The group develops and markets products and services dedicated to removing barriers that deaf, deafened and hard of hearing people face in their everyday lives. true true false true true false false false true false Ordinary Shares 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2610692023-12-31SC2610692024-12-31SC2610692024-01-012024-12-31SC2610692022-12-31SC2610692023-01-012023-12-31SC2610692023-12-31SC261069ns15:Scotland2024-01-012024-12-31SC261069ns14:PoundSterling2024-01-012024-12-31SC261069ns10:Director12024-01-012024-12-31SC261069ns10:Consolidated2024-12-31SC261069ns10:ConsolidatedGroupCompanyAccounts2024-01-012024-12-31SC261069ns10:PrivateLimitedCompanyLtd2024-01-012024-12-31SC261069ns10:Consolidatedns10:MediumEntities2024-01-012024-12-31SC261069ns10:Consolidatedns10:Audited2024-01-012024-12-31SC261069ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-31SC261069ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-31SC261069ns10:Consolidated2024-01-012024-12-31SC261069ns10:Consolidatedns10:Medium-sizedCompaniesRegimeForDirectorsReport2024-01-012024-12-31SC261069ns10:Consolidatedns10:Medium-sizedCompaniesRegimeForAccounts2024-01-012024-12-31SC261069ns10:FullAccounts2024-01-012024-12-31SC26106912024-01-012024-12-31SC261069ns10:OrdinaryShareClass12024-01-012024-12-31SC261069ns10:Director32024-01-012024-12-31SC261069ns10:Director42024-01-012024-12-31SC261069ns10:RegisteredOffice2024-01-012024-12-31SC261069ns10:Director22024-01-012024-12-31SC261069ns10:Consolidated2023-01-012023-12-31SC261069ns5:CurrentFinancialInstruments2024-12-31SC261069ns5:CurrentFinancialInstruments2023-12-31SC261069ns5:ShareCapital2024-12-31SC261069ns5:ShareCapital2023-12-31SC261069ns5:RetainedEarningsAccumulatedLosses2024-12-31SC261069ns5:RetainedEarningsAccumulatedLosses2023-12-31SC261069ns5:ShareCapital2022-12-31SC261069ns5:RetainedEarningsAccumulatedLosses2022-12-31SC261069ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31SC261069ns5:RetainedEarningsAccumulatedLosses2024-01-012024-12-31SC261069ns5:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-31SC261069ns5:FurnitureFittings2024-01-012024-12-31SC261069ns5:ComputerEquipment2024-01-012024-12-31SC261069ns5:FurnitureFittings2023-12-31SC261069ns5:ComputerEquipment2023-12-31SC261069ns5:FurnitureFittings2024-12-31SC261069ns5:ComputerEquipment2024-12-31SC261069ns5:FurnitureFittings2023-12-31SC261069ns5:ComputerEquipment2023-12-31SC261069ns5:CostValuation2023-12-31SC261069ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-31SC261069ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31SC261069ns5:WithinOneYear2024-12-31SC261069ns5:WithinOneYear2023-12-31SC261069ns5:BetweenOneFiveYears2024-12-31SC261069ns5:BetweenOneFiveYears2023-12-31SC261069ns5:AllPeriods2024-12-31SC261069ns5:AllPeriods2023-12-31SC261069ns5:DeferredTaxation2023-12-31SC261069ns5:DeferredTaxation2024-12-31SC261069ns10:OrdinaryShareClass12024-12-31SC261069ns5:RetainedEarningsAccumulatedLosses2023-12-31
REGISTERED NUMBER: SC261069 (Scotland)



















GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SIGN LANGUAGE INTERACTIONS LIMITED

SIGN LANGUAGE INTERACTIONS LIMITED (REGISTERED NUMBER: SC261069)






CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Consolidated Income Statement 8

Consolidated Other Comprehensive Income 9

Consolidated Balance Sheet 10

Company Balance Sheet 11

Consolidated Statement of Changes in Equity 12

Company Statement of Changes in Equity 13

Consolidated Cash Flow Statement 14

Notes to the Consolidated Cash Flow Statement 15

Notes to the Consolidated Financial Statements 16


SIGN LANGUAGE INTERACTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: V Vega
M W King
P L Alves





REGISTERED OFFICE: 39 Durham Street
Unit 4
GLASGOW
G41 1BS





REGISTERED NUMBER: SC261069 (Scotland)





AUDITORS: Thomson Cooper
Statutory Auditor
3 Castle Court
Carnegie Campus
Dunfermline
KY11 8PB

SIGN LANGUAGE INTERACTIONS LIMITED (REGISTERED NUMBER: SC261069)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

PRINCIPAL ACTIVITIES
The group develops and markets products and services dedicated to removing barriers that deaf, deafened and hard of hearing people face in their everyday lives.

REVIEW OF BUSINESS
During the year, the group has expanded and invested in key areas to support future business growth. Profitability has been strongly increased this year in comparison because last year involved substantial investment in hiring strategic and operational personnel and significant expenditure on the engineering development of new technology and platform launches. All of last years and this years investments and activities sets a solid business foundation for future years.

The directors are confident that the group's broad client base and range of products and services provide a strong platform for future growth. Although growth is anticipated the directors are aware of a more competitive landscape.

KEY FINANCIAL PERFORMANCE INDICATORS
Turnover increased by 14.4% to £19,166,527 .The growth in revenue is as a result of expansion into European, Asian and wider geographical markets.

The gross profit percentage decreased from last year at 58% to 54%.

Operating profit was £4,702,682 compared to £3,973,078. The increase is largely attributed to the above mentioned investment in personnel and engineering development costs in the prior year.

Other highlights in the year include:
An increase in net assets from £6,292,675 to £9,821,352
Capital investment of £90,210

PRINCIPAL RISKS AND UNCERTAINTIES
The group operates in an innovative and competitive global market. The group manages the risks associated with that market with a commitment to:

Innovation and product improvement
Expanding its product and service range
Retaining existing customers and acquiring new ones
Management of margins and costs
Maintaining a skilled and efficient workforce

GOING CONCERN
The directors continue to adopt the going concern basis in preparing the financial statements.

The group has a strong net current asset and net asset position and expected to continue trading profitably, generating substantial cash inflows. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

ON BEHALF OF THE BOARD:





M W King - Director


2 April 2025

SIGN LANGUAGE INTERACTIONS LIMITED (REGISTERED NUMBER: SC261069)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their report with the financial statements of the company and the group for the year ended 31 December 2024.

DIVIDENDS
No dividends will be distributed for the year ended 31 December 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

V Vega
M W King

Other changes in directors holding office are as follows:

P L Alves was appointed as a director after 31 December 2024 but prior to the date of this report.

J Rodriguez ceased to be a director after 31 December 2024 but prior to the date of this report.

FINANCIAL INSTRUMENTS
The company's activities expose it to a number of financial risks - primarily risks of changes in foreign currency exchange rates and credit risk.

Foreign currency exchange rate risk
The company purchases goods and services from key suppliers in (principally) US dollars and also Euros. At any point in time, the company is exposed to movements in exchange rates on the net foreign denominated asset or liability position at that time.

Credit risk
All customers who wish to trade on credit terms are subject to credit verification procedures. Trade debtor balances are monitored closely on an ongoing basis and provision is made for any doubtful debts where necessary.

The company's bank deposits are held by banks with high credit ratings assigned by international credit rating agencies.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

SIGN LANGUAGE INTERACTIONS LIMITED (REGISTERED NUMBER: SC261069)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2024


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS
The auditors, Thomson Cooper, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





M W King - Director


2 April 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
SIGN LANGUAGE INTERACTIONS LIMITED

Opinion
We have audited the financial statements of Sign Language Interactions Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31 December 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
SIGN LANGUAGE INTERACTIONS LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
SIGN LANGUAGE INTERACTIONS LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identified and assessed the risks of material misstatement of the financial statements, whether due to fraud or error and then performed audit procedures responsive to those risks.
From our general and sector experience and through discussion with the directors, we identified areas of laws and regulations that could reasonably be expected to have a material impact on the financial statements.
We discussed the company's policies and procedures regarding the compliance with laws and regulations with the directors and considered the internal controls established to mitigate risks of fraud or non-compliance with laws or regulations.
We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit.
The Company is subject to laws and regulations that directly affect the financial statements including financial reporting legislation (including related Companies legislation) and taxation legislation and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.
We also performed analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud.
We addressed the risk of fraud through management override of controls, reviewing the appropriateness of journal entries and other adjustments, assessed accounting estimates for potential bias and reviewed any significant unusual transactions.
We reviewed available regulatory and legal correspondence, available board minutes and enquired of the directors regarding any pending litigation or known instances of irregularities, including fraud.
Owing to the inherent limitations of an audit: there is an unavoidable risk that we may not detect all material misstatements in the financial statements, even though we have properly planned and performed our audit and we cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Jacqueline Whyte (Senior Statutory Auditor)
for and on behalf of Thomson Cooper
Statutory Auditor
3 Castle Court
Carnegie Campus
Dunfermline
KY11 8PB

2 April 2025

SIGN LANGUAGE INTERACTIONS LIMITED (REGISTERED NUMBER: SC261069)

CONSOLIDATED INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

2024 2023
Notes £    £   

TURNOVER 3 19,166,527 16,749,272

Cost of sales 8,798,751 7,022,683
GROSS PROFIT 10,367,776 9,726,589

Administrative expenses 5,665,094 5,753,511
OPERATING PROFIT 5 4,702,682 3,973,078

Interest receivable and similar income 6 - 2,004
4,702,682 3,975,082

Interest payable and similar expenses 7 - 130
PROFIT BEFORE TAXATION 4,702,682 3,974,952

Tax on profit 8 1,174,005 908,473
PROFIT FOR THE FINANCIAL YEAR 3,528,677 3,066,479
Profit attributable to:
Owners of the parent 3,528,677 3,066,479

SIGN LANGUAGE INTERACTIONS LIMITED (REGISTERED NUMBER: SC261069)

CONSOLIDATED OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 3,528,677 3,066,479


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

3,528,677

3,066,479

Total comprehensive income attributable to:
Owners of the parent 3,528,677 3,066,479

SIGN LANGUAGE INTERACTIONS LIMITED (REGISTERED NUMBER: SC261069)

CONSOLIDATED BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 10 568,358 682,994
Tangible assets 11 201,200 256,638
Investments 12 - -
769,558 939,632

CURRENT ASSETS
Debtors 13 5,312,326 7,564,326
Cash at bank 6,465,577 3,248,265
11,777,903 10,812,591
CREDITORS
Amounts falling due within one year 14 2,701,767 5,435,206
NET CURRENT ASSETS 9,076,136 5,377,385
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,845,694

6,317,017

PROVISIONS FOR LIABILITIES 17 24,342 24,342
NET ASSETS 9,821,352 6,292,675

CAPITAL AND RESERVES
Called up share capital 18 2 2
Retained earnings 19 9,821,350 6,292,673
SHAREHOLDERS' FUNDS 9,821,352 6,292,675

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2025 and were signed on its behalf by:





M W King - Director


SIGN LANGUAGE INTERACTIONS LIMITED (REGISTERED NUMBER: SC261069)

COMPANY BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 10 - -
Tangible assets 11 15,342 40,839
Investments 12 1,574,805 1,574,805
1,590,147 1,615,644

CURRENT ASSETS
Debtors 13 1,818,714 1,514,850
Cash at bank 1,146,259 1,126,774
2,964,973 2,641,624
CREDITORS
Amounts falling due within one year 14 424,244 411,392
NET CURRENT ASSETS 2,540,729 2,230,232
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,130,876

3,845,876

PROVISIONS FOR LIABILITIES 17 3,917 3,917
NET ASSETS 4,126,959 3,841,959

CAPITAL AND RESERVES
Called up share capital 18 2 2
Retained earnings 19 4,126,957 3,841,957
SHAREHOLDERS' FUNDS 4,126,959 3,841,959

Company's profit for the financial year 285,000 2,887,329

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2025 and were signed on its behalf by:





M W King - Director


SIGN LANGUAGE INTERACTIONS LIMITED (REGISTERED NUMBER: SC261069)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2023 2 3,226,194 3,226,196

Changes in equity
Total comprehensive income - 3,066,479 3,066,479
Balance at 31 December 2023 2 6,292,673 6,292,675

Changes in equity
Total comprehensive income - 3,528,677 3,528,677
Balance at 31 December 2024 2 9,821,350 9,821,352

SIGN LANGUAGE INTERACTIONS LIMITED (REGISTERED NUMBER: SC261069)

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2023 2 954,628 954,630

Changes in equity
Total comprehensive income - 2,887,329 2,887,329
Balance at 31 December 2023 2 3,841,957 3,841,959

Changes in equity
Total comprehensive income - 285,000 285,000
Balance at 31 December 2024 2 4,126,957 4,126,959

SIGN LANGUAGE INTERACTIONS LIMITED (REGISTERED NUMBER: SC261069)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 7,567,666 1,013,503
Interest paid - (130 )
Tax paid (1,584,190 ) (920,797 )
Net cash from operating activities 5,983,476 92,576

Cash flows from investing activities
Purchase of tangible fixed assets (90,210 ) (263,916 )
Interest received - 2,004
Net cash from investing activities (90,210 ) (261,912 )

Cash flows from financing activities
Decrease in inter-group creditor (2,675,954 ) (1,734,876 )
Net cash from financing activities (2,675,954 ) (1,734,876 )

Increase/(decrease) in cash and cash equivalents 3,217,312 (1,904,212 )
Cash and cash equivalents at
beginning of year

2

3,248,265

5,152,477

Cash and cash equivalents at end of
year

2

6,465,577

3,248,265

SIGN LANGUAGE INTERACTIONS LIMITED (REGISTERED NUMBER: SC261069)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

2024 2023
£    £   
Profit before taxation 4,702,682 3,974,952
Depreciation charges 260,284 226,344
Finance costs - 130
Finance income - (2,004 )
4,962,966 4,199,422
Decrease/(increase) in trade and other debtors 2,232,995 (3,508,482 )
Increase in trade and other creditors 371,705 322,563
Cash generated from operations 7,567,666 1,013,503

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2024
31.12.24 1.1.24
£    £   
Cash and cash equivalents 6,465,577 3,248,265
Year ended 31 December 2023
31.12.23 1.1.23
£    £   
Cash and cash equivalents 3,248,265 5,152,477


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.24 Cash flow At 31.12.24
£    £    £   
Net cash
Cash at bank and in hand 3,248,265 3,217,312 6,465,577
3,248,265 3,217,312 6,465,577
Total 3,248,265 3,217,312 6,465,577

SIGN LANGUAGE INTERACTIONS LIMITED (REGISTERED NUMBER: SC261069)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Sign Language Interactions Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the pound sterling, rounded to the nearest pound.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Basis of consolidation
The consolidated financial statements incorporate the financial statements of the parent company, Sign Language Interactions Limited and its 100% subsidiaries Interpreter Now Ltd and Significan't (UK) Limited. No members of the group have been excluded from consolidation. All inter-group balances, transactions, income and expenses are eliminated on consolidation. The consolidated accounts are prepared using uniform accounting policies.

The consolidated financial statements incorporate the results of business combinations using the purchase method. The results of acquired subsidiaries are included in the consolidated statement of comprehensive income from the date that control is obtained.

The cost of a business combination is measured at the aggregate of the fair value (at the date of exchange) of assets given, liabilities incurred or assumed and equity instruments issued by the group in exchange for control of the acquiree, plus costs attributable to the business combination.

Any excess of the cost of the business over the group's share of the net fair value of the identifiable assets and liabilities is recognised as goodwill.

Related party exemption
The group has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Turnover and other income
Turnover is measured at the fair value of the consideration received or receivable net of vat and trade discounts .The policies adopted for the recognition of turnover are as follows:

Rendering of services

Turnover from translation services is recognised when the work has been completed.When the outcome cannot be measured reliably, turnover is recognised only to the extent of the the expenses recognised that are recoverable.

Interest receivable

Interest income is recognised in the period when interest is received.

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.

SIGN LANGUAGE INTERACTIONS LIMITED (REGISTERED NUMBER: SC261069)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

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 - 33.33% on cost and 25% on cost
Computer equipment - 33.33% on cost and 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

Foreign currencies
Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.

Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

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.

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

Goodwill
Goodwill, which has arisen on consolidation is being amortised on a straight-line basis over 10 years. In arriving at a 10-year amortisation period, the directors have considered, the nature of the business, customer retention rates, the stability of the business and related cash flows.

Investments in subsidiaries
Investment in subsidiaries are measured at cost less impairment.

The directors do not believe there has been any impairment since the date of acquisition.

Software development costs

Expenditure on software and development costs are written off in the year in which they are incurred.

SIGN LANGUAGE INTERACTIONS LIMITED (REGISTERED NUMBER: SC261069)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Statement of Comprehensive Income in administrative expenses.

Cash on the balance sheet comprises cash in hand and cash at bank

Judgements in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported as assets, liabilities, revenues and expenses for the year. The key sources of estimation uncertainty are as follows:

Depreciation and amortisation of tangible and intangible fixed assets:
Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The expected lives of assets and their residual values are assessed regularly and may vary depending on a number of factors including technological innovation, product life cycles, future market conditions and maintenance programmes.

Intangible assets, including goodwill, are amortised over their expected useful lives. These estimates are based on a variety of factors such as expected product life cycles, customer retention rates, and levels of cash generation.

Impairment of assets:
Tangible fixed assets, intangible fixed assets, fixed asset investments, stock and debtors are all reviewed for evidence of impairment.

In connection with fixed assets (tangible, intangible and investments) factors taken into consideration include the economic viability, the expected future financial performance of the asset and, where appropriate, the viability and expected future performance of related cash generating units.

Trade debtors are reviewed for evidence of impairment. Factors considered include ageing, past recovery rates, customer creditworthiness, and the stage and expected outcome of any recovery proceedings

Going Concern

At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. The directors have considered a period of 12 months from the date of approval of the financial statements.

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the group.

An analysis of turnover by class of business is given below:

2024 2023
£    £   
Rendering of services 19,166,527 16,749,272
19,166,527 16,749,272

SIGN LANGUAGE INTERACTIONS LIMITED (REGISTERED NUMBER: SC261069)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

3. TURNOVER - continued

An analysis of turnover by geographical market is given below:

2024 2023
£    £   
United Kingdom 14,539,409 12,315,927
Europe 2,833,588 2,524,912
Asia 1,023,126 760,516
Australia 770,404 1,147,917
19,166,527 16,749,272

4. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 4,190,023 3,603,676
Social security costs 420,661 386,358
Other pension costs 119,563 101,565
4,730,247 4,091,599

The average number of employees during the year was as follows:
2024 2023

Directors 1 1
Management 15 14
Administration 43 34
Interpreters 52 48
111 97

2024 2023
£ £
Directors' remuneration 160,352 146,792
Directors' pension contributions 4,645 4,393

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 1 1

Key management presonnel compensation for the group, including directors' remuneration and contributions to money purchase schemes (above) totalled £245,796 (2023 - £210,632).

SIGN LANGUAGE INTERACTIONS LIMITED (REGISTERED NUMBER: SC261069)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Hire of plant and machinery 301 1,487
Other operating leases 96,287 110,201
Depreciation - owned assets 145,648 111,707
Goodwill amortisation 114,636 114,636
Auditors' remuneration 20,000 13,402
Foreign exchange differences (2,837 ) 590,181
Impairment of debtors 125,276 28,563

6. INTEREST RECEIVABLE AND SIMILAR INCOME
2024 2023
£    £   
Deposit account interest - 257
Corporation tax interest - 1,747
- 2,004

7. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
HMRC interest - 130

8. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 1,174,005 908,473
Tax on profit 1,174,005 908,473

UK corporation tax has been charged at 25 % (2023 - 23.50 %).

SIGN LANGUAGE INTERACTIONS LIMITED (REGISTERED NUMBER: SC261069)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 4,702,682 3,974,952
Profit multiplied by the standard rate of corporation tax in the UK of
25 % (2023 - 23.526 %)

1,175,671

935,147

Effects of:
Expenses not deductible for tax purposes - 456
Capital allowances in excess of depreciation - (11,517 )
Depreciation in excess of capital allowances 42,499 -
Adjustments to tax charge in respect of previous periods - (15,613 )
Other (44,165 ) -
Total tax charge 1,174,005 908,473

Rate of UK corporation tax
The main UK Corporation tax rate changed from 19% to 25% on 1 April 2023. That results in an average tax rate for the company's previous financial year of 23.5% - this year 25%

Factors that may affect future tax charges
The increase in the UK Corporation tax will impact the company's future tax charge accordingly. The value of the deferred tax liability at the balance sheet date has been calculated using the applicable rate when the liability is expected to be realised.

9. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


10. INTANGIBLE FIXED ASSETS

Group
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 1,159,694
AMORTISATION
At 1 January 2024 476,700
Amortisation for year 114,636
At 31 December 2024 591,336
NET BOOK VALUE
At 31 December 2024 568,358
At 31 December 2023 682,994

SIGN LANGUAGE INTERACTIONS LIMITED (REGISTERED NUMBER: SC261069)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

11. TANGIBLE FIXED ASSETS

Group
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 694 494,627 116,947 612,268
Additions - 90,210 - 90,210
Disposals (694 ) - (7,533 ) (8,227 )
At 31 December 2024 - 584,837 109,414 694,251
DEPRECIATION
At 1 January 2024 694 273,349 81,587 355,630
Charge for year - 123,826 21,822 145,648
Eliminated on disposal (694 ) - (7,533 ) (8,227 )
At 31 December 2024 - 397,175 95,876 493,051
NET BOOK VALUE
At 31 December 2024 - 187,662 13,538 201,200
At 31 December 2023 - 221,278 35,360 256,638

Company
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 30,918 109,414 140,332
Additions 1,036 - 1,036
At 31 December 2024 31,954 109,414 141,368
DEPRECIATION
At 1 January 2024 25,440 74,053 99,493
Charge for year 4,710 21,823 26,533
At 31 December 2024 30,150 95,876 126,026
NET BOOK VALUE
At 31 December 2024 1,804 13,538 15,342
At 31 December 2023 5,478 35,361 40,839

SIGN LANGUAGE INTERACTIONS LIMITED (REGISTERED NUMBER: SC261069)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

12. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 1,574,805
NET BOOK VALUE
At 31 December 2024 1,574,805
At 31 December 2023 1,574,805

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Interpreter Now Ltd
Registered office: England
Nature of business: Non trading
%
Class of shares: holding
Ordinary 100.00

Significan't (UK) Limited
Registered office: England
Nature of business: Interpreting services
%
Class of shares: holding
Ordinary 100.00


13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade debtors 5,172,026 7,399,979 1,175,257 880,414
Amounts owed by group undertakings - - 566,389 499,994
Other debtors 5,111 8,436 1,333 3,705
Tax 104,689 123,694 69,151 123,694
Prepayments 30,500 32,217 6,584 7,043
5,312,326 7,564,326 1,818,714 1,514,850

SIGN LANGUAGE INTERACTIONS LIMITED (REGISTERED NUMBER: SC261069)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade creditors 800,126 723,568 140,884 183,094
Amounts owed to group undertakings 624,479 3,300,433 116 3,878
Tax 235 429,425 - -
Social security and other taxes - 5,566 - -
Value added tax 755,512 542,433 247,759 192,242
Other creditors 443,404 330,184 - -
Accrued expenses 78,011 103,597 35,485 32,178
2,701,767 5,435,206 424,244 411,392

15. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Non-cancellable operating leases
2024 2023
£    £   
Within one year 21,448 52,390
Between one and five years - 21,064
21,448 73,454

Company
Non-cancellable operating leases
2024 2023
£    £   
Within one year 6,902 33,890
Between one and five years - 6,518
6,902 40,408

16. FINANCIAL INSTRUMENTS

The carrying amount of the group's financial instruments are as follows:

2024 2023
£    £   
Financial assets measured at amortised cost
Cash at bank and in hand 6,465,577 3,248,265
Trade and other debtors 5,311,048 7,564,326

Financial liabilities measured at amortised cost
Trade creditors 800,126 723,568
Other creditors & accruals 1,145,894 3,734,214

The net gains and losses attributable to the company's
financial instruments are as follows:
Financial assets measured at amortised cost 125,276 28,563

SIGN LANGUAGE INTERACTIONS LIMITED (REGISTERED NUMBER: SC261069)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

17. PROVISIONS FOR LIABILITIES

Group Company
2024 2023 2024 2023
£    £    £    £   
Deferred tax 24,342 24,342 3,917 3,917

Group
Deferred
tax
£   
Balance at 1 January 2024 24,342
Balance at 31 December 2024 24,342

Company
Deferred
tax
£   
Balance at 1 January 2024 3,917
Balance at 31 December 2024 3,917

18. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary Shares £1 2 2

19. RESERVES

Group
Retained
earnings
£   

At 1 January 2024 6,292,673
Profit for the year 3,528,677
At 31 December 2024 9,821,350

Company
Retained
earnings
£   

At 1 January 2024 3,841,957
Profit for the year 285,000
At 31 December 2024 4,126,957


SIGN LANGUAGE INTERACTIONS LIMITED (REGISTERED NUMBER: SC261069)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

20. ULTIMATE PARENT COMPANY

Ariel Alternatives LLC (incorporated in United States of America) is regarded by the directors as being the company's ultimate parent company.
The largest group in which the results of Sign Language Interactions Limited are consolidated is that headed by Ariel Alternatives LLC.