Common Tongue Limited - Filleted accounts

Registered number

07135701

Common Tongue Limited

Filleted Accounts

31 January 2025

Common Tongue Limited
Registered number:		07135701
Balance Sheet
as at 31 January 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		841			1,122

Current assets
Debtors	4	14,053			12,606
Cash at bank and in hand		12,518			20,031
		26,571			32,637

Creditors: amounts falling due within one year	5	(3,717)			(8,736)

Net current assets			22,854			23,901

Net assets			23,695			25,023

Capital and reserves
Called up share capital			100			100
Profit and loss account			23,595			24,923

Shareholders' funds			23,695			25,023

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Timothy Bax
Director
Approved by the board on 6 October 2025

Common Tongue Limited
Notes to the Accounts
for the year ended 31 January 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment	25% reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		2		2


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 February 2024				12,642
	At 31 January 2025				12,642

	Depreciation
	At 1 February 2024				11,520
	Charge for the year				281
	At 31 January 2025				11,801

	Net book value
	At 31 January 2025				841
	At 31 January 2024				1,122


4	Debtors		2025		2024
£				£

	Trade debtors		-		1,150
	Other debtors		14,053		11,456
			14,053		12,606


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Taxation and social security costs		2,551		6,602
	Other creditors		1,166		2,134
			3,717		8,736


6	Controlling party

	The company is in control of Mr Timothy Bax on the basis that with associates he holds 100% of the issued share capital.


7	Other information

	Common Tongue Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Pennyweights
	Kenley
	CR8 5HB