Balance sheet continued

As at 31 December 2024

	Notes	10 months to 31 Dec 2024 £	2024 £
Capital and reserves
Called up share capital:		100	100
Profit and loss account:		( 5,681 )
Shareholders funds:		( 5,581 )	100

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover is recognised when translation, interpreting, proofreading or localisation services have been fully delivered to the client. For written translation work, turnover is recorded on completion of the assignment and when the final document has been supplied to the client. For interpreting services, turnover is recognised on the date the service is provided.
  
  All revenue is recorded net of any discounts and excludes VAT (if applicable). Deposits or advance payments are only recognised as turnover once the related service has been completed. Work in progress is not treated as turnover until the deliverables are finished and accepted by the client.
  
  This policy ensures that turnover accurately reflects the value of services completed within the accounting period and complies with standard accounting principles for service-based businesses.

  Tangible fixed assets depreciation policy

  Laptops used in the business are treated as tangible fixed assets. They are capitalised at cost and depreciated on a straight-line basis over their estimated useful economic life, typically 3 years, to reflect expected wear and technological obsolescence.
  
  Depreciation is charged annually, with the asset’s value reduced evenly over the depreciation period. No residual value is assumed unless clearly justified. If the laptop is disposed of or replaced before the end of its useful life, any remaining net book value is written off at that time.
  
  This policy ensures that the cost of computer equipment is matched fairly to the periods in which it provides benefit to the business.

  Intangible fixed assets amortisation policy

  There are no intangible assets

  Valuation information and policy

  This is not an investment company and no valuation is therefore required