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Company No: 02096167 (England and Wales)

LANGUAGE RECRUITMENT SERVICES LIMITED

Unaudited Financial Statements
For the financial period from 01 November 2023 to 31 July 2024
Pages for filing with the registrar

LANGUAGE RECRUITMENT SERVICES LIMITED

Unaudited Financial Statements

For the financial period from 01 November 2023 to 31 July 2024

Contents

LANGUAGE RECRUITMENT SERVICES LIMITED

COMPANY INFORMATION

For the financial period from 01 November 2023 to 31 July 2024
LANGUAGE RECRUITMENT SERVICES LIMITED

COMPANY INFORMATION (continued)

For the financial period from 01 November 2023 to 31 July 2024
DIRECTOR Helen O'Shea
SECRETARY Mark Duffell
REGISTERED OFFICE United Kingdom
COMPANY NUMBER 02096167 (England and Wales)
ACCOUNTANT Gravita Essex Limited
Treviot House
186-192 High Road
Ilford
IG1 1LR
United Kingdom
LANGUAGE RECRUITMENT SERVICES LIMITED

BALANCE SHEET

As at 31 July 2024
LANGUAGE RECRUITMENT SERVICES LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 31.07.2024 31.10.2023
£ £
Fixed assets
Tangible assets 3 0 3,038
Investments 4 0 101,466
0 104,504
Current assets
Debtors 5 20,980 186,861
Cash at bank and in hand 569,018 726,746
589,998 913,607
Creditors: amounts falling due within one year 6 ( 588,715) ( 459,684)
Net current assets 1,283 453,923
Total assets less current liabilities 1,283 558,427
Provision for liabilities 0 ( 944)
Net assets 1,283 557,483
Capital and reserves
Called-up share capital 1,000 1,000
Fair value reserve 0 1,100
Profit and loss account 283 555,383
Total shareholder's funds 1,283 557,483

For the financial period ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Language Recruitment Services Limited (registered number: 02096167) were approved and authorised for issue by the Director on 02 January 2025. They were signed on its behalf by:

Helen O'Shea
Director
LANGUAGE RECRUITMENT SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 November 2023 to 31 July 2024
LANGUAGE RECRUITMENT SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 November 2023 to 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Language Recruitment Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is , United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

In July 2024 the directors made the decision that the Company would cease trading. As a result the financial statements have been prepared on a basis other than the going concern basis of preparation. The directors have included in the financial statements any provision for future costs of terminating the business, which were committed to at the balance sheet date and where appropriate the Company's assets have been written down to their net realisable value.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year. In respect of contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably.

2. Employees

Period from
01.11.2023 to
31.07.2024
Year ended
31.10.2023
Number Number
Monthly average number of persons employed by the Company during the period, including the director 11 7

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 November 2023 68,051 68,051
Disposals ( 68,051) ( 68,051)
At 31 July 2024 0 0
Accumulated depreciation
At 01 November 2023 65,013 65,013
Disposals ( 65,013) ( 65,013)
At 31 July 2024 0 0
Net book value
At 31 July 2024 0 0
At 31 October 2023 3,038 3,038

4. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 November 2023 101,466 101,466
Disposals ( 115,988) ( 115,988)
Revaluations 14,522 14,522
At 31 July 2024 0 0
Carrying value at 31 July 2024 0 0
Carrying value at 31 October 2023 101,466 101,466

The fixed asset investment was valued on a fair value basis on 31 July 2024 by an independent valuation advisor.

5. Debtors

31.07.2024 31.10.2023
£ £
Trade debtors 11,327 80,556
Corporation tax 9,483 13,312
Other debtors 170 92,993
20,980 186,861

6. Creditors: amounts falling due within one year

31.07.2024 31.10.2023
£ £
Trade creditors 742 19,895
Amounts owed to Group undertakings 570,390 370,314
Other taxation and social security 0 35,220
Other creditors 17,583 34,255
588,715 459,684

7. Related party transactions

Transactions with the entity's director

31.07.2024 31.10.2023
£ £
Amounts advanced 10,028 65,938
Amounts repaid (61,234) (44,101)

The loan to the director is repayable on demand. Interest is charged on loans at the official rate set by HMRC.

8. Ultimate controlling party

Parent Company:

Language Recruitment Services Holdings Limited