AA Global Language Services Limited
Registered number: 04299764
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 99,405 96,565
Current assets
Debtors 4 400,914 478,218
Cash at bank and in hand 433,834 974,870
834,748 1,453,088
Creditors: amounts falling due within one year 5 (516,832) (602,756)
Net current assets 317,916 850,332
Total assets less current liabilities 417,321 946,897
Provisions for liabilities (24,851) (24,141)
Net assets 392,470 922,756
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 391,470 921,756
Shareholders' funds 392,470 922,756
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C. K. Akdemir
Director
Approved by the board on 28 May 2025
AA Global Language Services Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 15% on reducing balance
Fixtures and fittings 15% on reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 44 34
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 138,874 107,220 246,094
Additions 26,639 - 26,639
At 31 March 2025 165,513 107,220 272,733
Depreciation
At 1 April 2024 95,439 54,090 149,529
Charge for the year 10,509 13,290 23,799
At 31 March 2025 105,948 67,380 173,328
Net book value
At 31 March 2025 59,565 39,840 99,405
At 31 March 2024 43,435 53,130 96,565
4 Debtors 2025 2024
£ £
Trade debtors 354,257 469,093
Other debtors 46,657 9,125
400,914 478,218
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 355,445 285,261
Corporation tax - 169,635
Other taxes and social security costs 154,707 125,275
Other creditors 6,680 22,585
516,832 602,756
6 Controlling party
The company was controlled throughout the financial year by Akdemir Holdings Limited by virtue of the fact that the company owns 98% of the company's share capital. The ultimate controlling party is C. K. Akdemir.
7 Other information
AA Global Language Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Francis House
Humber Place
The Marina
Hull
HU1 1UD
AA Global Language Services Limited 04299764 false 2024-04-01 2025-03-31 2025-03-31 VT Final Accounts July 2024 C. K. Akdemir No description of principal activity 04299764 2023-04-01 2024-03-31 04299764 core:WithinOneYear 2024-03-31 04299764 core:ShareCapital 2024-03-31 04299764 core:RetainedEarningsAccumulatedLosses 2024-03-31 04299764 2024-04-01 2025-03-31 04299764 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04299764 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 04299764 bus:Director40 2024-04-01 2025-03-31 04299764 1 2024-04-01 2025-03-31 04299764 2 2024-04-01 2025-03-31 04299764 core:PlantMachinery 2024-04-01 2025-03-31 04299764 core:Vehicles 2024-04-01 2025-03-31 04299764 countries:England 2024-04-01 2025-03-31 04299764 bus:FRS102 2024-04-01 2025-03-31 04299764 bus:FilletedAccounts 2024-04-01 2025-03-31 04299764 2025-03-31 04299764 core:WithinOneYear 2025-03-31 04299764 core:ShareCapital 2025-03-31 04299764 core:RetainedEarningsAccumulatedLosses 2025-03-31 04299764 core:PlantMachinery 2025-03-31 04299764 core:Vehicles 2025-03-31 04299764 2024-03-31 04299764 core:PlantMachinery 2024-03-31 04299764 core:Vehicles 2024-03-31 iso4217:GBP xbrli:pure