Company registration number 15310649 (England and Wales)
LETTERASSIST LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024
LETTERASSIST LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
LETTERASSIST LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2024
30 November 2024
- 1 -
2024
Notes
£
CURRENT ASSETS
Debtors
3
3,051
Cash at bank and in hand
338
3,389
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
4
(900)
NET CURRENT ASSETS
2,489
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
5
(12,270)
NET LIABILITIES
(9,781)
CAPITAL AND RESERVES
Called up share capital
80
Profit and loss reserves
(9,861)
TOTAL EQUITY
(9,781)

For the financial period ended 30 November 2024 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 of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

LETTERASSIST LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2024
30 November 2024
- 2 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 13 July 2025 and are signed on its behalf by:
Dr P Kulatilake
Director
Company registration number 15310649 (England and Wales)
LETTERASSIST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024
- 3 -
1
ACCOUNTING POLICIES
Company information

LetterAssist Limited is a private company limited by shares incorporated in England and Wales. The registered office is B1 Vantage Park, Old Gloucester Road, Hambrook, Bristol, BS16 1GW.

1.1
Reporting period

These financial statements cover the period from the date of the company's incorporation on 27 November 2023 to 30 November 2024, a period of 53 weeks.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

The accounts have been prepared on a going concern basis.true

 

The accounts show that the company had net liabilities of £9,781 at the period-end. As a result, the directors have had to consider the appropriateness of the going concern basis. The company has been able to finance its operations due to the support of the directors. Were this support not available, the company might not be able to continue trading. The directors are confident that the company will trade profitably in the future and will be able to meet its obligations given the continuing support of the director. The director therefore considers it appropriate to prepare the accounts on the going concern basis.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

LETTERASSIST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 NOVEMBER 2024
1
ACCOUNTING POLICIES
(Continued)
- 4 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

LETTERASSIST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 NOVEMBER 2024
1
ACCOUNTING POLICIES
(Continued)
- 5 -
2
EMPLOYEES

The average monthly number of persons (including directors) employed by the company during the period was:

2024
Number
Total
2
3
DEBTORS
2024
Amounts falling due within one year:
£
Other debtors
3,051
4
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
£
Other creditors
900
5
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024
£
Other creditors
12,270

Included within other creditors due after more than one year is a balance of £12,270 due to the directors. This amount is interest free and repayable on demand.

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