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Registered number: 07401600
Languagenut Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Clear9 LTD
Chartered Certified Accountants
The Offices
57 Newtown Road
Hove
BN3 7BA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07401600
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 153,277 175,244
Tangible Assets 5 12,242 10,864
165,519 186,108
CURRENT ASSETS
Debtors 6 621,869 624,824
Cash at bank and in hand 440,857 515,873
1,062,726 1,140,697
Creditors: Amounts Falling Due Within One Year 7 (932,247 ) (1,114,438 )
NET CURRENT ASSETS (LIABILITIES) 130,479 26,259
TOTAL ASSETS LESS CURRENT LIABILITIES 295,998 212,367
Creditors: Amounts Falling Due After More Than One Year 8 (1,023,165 ) (924,655 )
NET LIABILITIES (727,167 ) (712,288 )
CAPITAL AND RESERVES
Called up share capital 9 15 15
Share premium account 2,710,935 2,710,935
Profit and Loss Account (3,438,117 ) (3,423,238 )
SHAREHOLDERS' FUNDS (727,167) (712,288)
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Paul Fairbank
Director
23/09/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Languagenut Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07401600 . The registered office is Projects The Lanes Nile House, Nile Street, Brighton, BN1 1HW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are capitalised software costs It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25%
Computer Equipment 33%
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
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2.6. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2024: 22)
20 22
4. Intangible Assets
Other Development Costs Total
£ £ £
Cost
As at 1 April 2024 154,725 251,323 406,048
Additions 4,166 - 4,166
As at 31 March 2025 158,891 251,323 410,214
Amortisation
As at 1 April 2024 145,725 85,079 230,804
Provided during the period 1,000 25,133 26,133
As at 31 March 2025 146,725 110,212 256,937
Net Book Value
As at 31 March 2025 12,166 141,111 153,277
As at 1 April 2024 9,000 166,244 175,244
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 20,730 81,541 102,271
Additions - 5,883 5,883
As at 31 March 2025 20,730 87,424 108,154
Depreciation
As at 1 April 2024 16,744 74,663 91,407
Provided during the period 1,315 3,190 4,505
As at 31 March 2025 18,059 77,853 95,912
Net Book Value
As at 31 March 2025 2,671 9,571 12,242
As at 1 April 2024 3,986 6,878 10,864
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 52,415 85,737
Prepayments and accrued income 22,795 8,797
Other debtors 19,883 15,625
Corporation tax recoverable assets 92,316 -
Deferred tax current asset - 30,197
Director's loan account 22,968 64,044
210,377 204,400
Due after more than one year
Deferred tax current asset 411,492 420,424
621,869 624,824
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 6,970 1,886
Bank loans and overdrafts 13,095 10,000
VAT 49,386 55,958
Net wages 6,090 96,236
Other creditors 46,000 56,371
Accruals and deferred income 810,706 893,987
932,247 1,114,438
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 13,276
Other loans 969,802 858,016
Other creditors 53,363 53,363
1,023,165 924,655
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 15 15
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Paul Fairbank 64,044 - 41,076 - 22,968
The above loan is unsecured, interest free and repayable on demand.
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