REGISTERED NUMBER: 05179005 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Professional Language Solutions Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

C J Tucker

REGISTERED OFFICE:

263-265 Battersea Park Road,

London

SW11 4NE

REGISTERED NUMBER:

05179005 (England and Wales)

ACCOUNTANTS:

G & A Partners LLP

Chartered Accountants

120 Cockfosters Road

Barnet

EN4 0DZ

FIXED ASSETS

Intangible assets

4

1,800

2,250

Tangible assets

5

10,459

13,353

12,259

15,603

CURRENT ASSETS

Stocks

3,600

3,925

Debtors

6

75,955

94,362

Cash at bank and in hand

34,299

48,256

113,854

146,543

CREDITORS

Amounts falling due within one year

7

258,297

258,712

NET CURRENT LIABILITIES

(144,443

)

(112,169

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(132,184

)

(96,566

)

CREDITORS

Amounts falling due after more than one year

8

3,927

13,677

NET LIABILITIES

(136,111

)

(110,243

)

CAPITAL AND RESERVES

Called up share capital

2,500

2,500

Retained earnings

(138,611

)

(112,743

)

(136,111

)

(110,243

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 September 2025 and were signed by:

C J Tucker - Director

1.	STATUTORY INFORMATION

Professional Language Solutions Limited is a private company, limited by shares, registered in England and Wales, registered number 05179005. The registered office is 263-265 Battersea Park Road, London SW11 4NE.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the director that he will continue to give financial support to the company for twelve months from the date of signing these financial statements. On this basis, the director consider it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to the their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

3,000

AMORTISATION

At 1 January 2024

750

Amortisation for year

450

At 31 December 2024

1,200

NET BOOK VALUE

At 31 December 2024

1,800

At 31 December 2023

2,250

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2024

59,217

Additions

2,320

Disposals

(18,657

)

At 31 December 2024

42,880

DEPRECIATION

At 1 January 2024

45,864

Charge for year

5,214

Eliminated on disposal

(18,657

)

At 31 December 2024

32,421

NET BOOK VALUE

At 31 December 2024

10,459

At 31 December 2023

13,353

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

33,411

75,232

Amounts owed by group undertakings

32,609

791

Other debtors

9,935

18,339

75,955

94,362

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 9)

10,240

10,490

Trade creditors

22,924

38,610

Taxation and social security

37,444

37,522

Other creditors

187,689

172,090

258,297

258,712

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 9)

3,927

13,677

9.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank loans

10,240

10,490

Amounts falling due between two and five years:

Bank loans - 2-5 years

3,927

13,677

The company received a government-backed Bounce Bank Loan of £50,000 repayable in 6 years. The loan is unsecured.

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

C J Tucker

Balance outstanding at start of year

-

110,000

Amounts repaid

-

(110,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-