Company No:
Contents
| 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 |
| Note | 31.07.2024 | 31.10.2023 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 3 |
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| Investments | 4 |
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| 0 | 104,504 | |||
| Current assets | ||||
| Debtors | 5 |
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| Cash at bank and in hand |
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| 589,998 | 913,607 | |||
| Creditors: amounts falling due within one year | 6 | (
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| Net current assets | 1,283 | 453,923 | ||
| Total assets less current liabilities | 1,283 | 558,427 | ||
| Provision for liabilities |
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| Net assets |
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| Capital and reserves | ||||
| Called-up share capital |
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| Fair value reserve |
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| Profit and loss account |
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| Total shareholder's funds |
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Director's responsibilities:
The financial statements of Language Recruitment Services Limited (registered number:
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Helen O'Shea
Director |
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.
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 £.
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.
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.
| Plant and machinery etc. |
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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.
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.
| Period from 01.11.2023 to 31.07.2024 |
Year ended 31.10.2023 |
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| Number | Number | ||
| Monthly average number of persons employed by the Company during the period, including the director |
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| Plant and machinery etc. | Total | ||
| £ | £ | ||
| Cost | |||
| At 01 November 2023 |
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| Disposals | (
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| At 31 July 2024 |
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| Accumulated depreciation | |||
| At 01 November 2023 |
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| Disposals | (
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| At 31 July 2024 |
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| Net book value | |||
| At 31 July 2024 | 0 | 0 | |
| At 31 October 2023 | 3,038 | 3,038 |
| Other investments | Total | ||
| £ | £ | ||
| Cost or valuation before impairment | |||
| At 01 November 2023 |
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| Disposals | (
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| Revaluations |
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| At 31 July 2024 |
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| Carrying value at 31 July 2024 |
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| Carrying value at 31 October 2023 |
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The fixed asset investment was valued on a fair value basis on 31 July 2024 by an independent valuation advisor.
| 31.07.2024 | 31.10.2023 | ||
| £ | £ | ||
| Trade debtors |
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| Corporation tax |
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| Other debtors |
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| 31.07.2024 | 31.10.2023 | ||
| £ | £ | ||
| Trade creditors |
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| Amounts owed to Group undertakings |
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| Other taxation and social security |
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| Other creditors |
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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.
Parent Company:
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