REGISTERED NUMBER: 10251965 (England and Wales)

LET'S VERBALISE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs K L Byron

Mrs H L Mcdiarmid

REGISTERED OFFICE:

Sharrow Head House

364 Sharrow Lane

Sheffield

S11 8AU

REGISTERED NUMBER:

10251965 (England and Wales)

ACCOUNTANTS:

Duncan Chartered Accountants

5 Cherrytree

Union Road

Sheffield

South Yorkshire

S11 9EF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

13,352

10,025

13,352

10,025

CURRENT ASSETS

Debtors

6

98,857

25,803

Cash at bank

56,416

59,474

155,273

85,277

CREDITORS

Amounts falling due within one year

7

99,655

76,431

NET CURRENT ASSETS

55,618

8,846

TOTAL ASSETS LESS CURRENT LIABILITIES

68,970

18,871

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

68,968

18,869

68,970

18,871

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 3 December 2025 and were signed on its behalf by:

Mrs K L Byron - Director

Mrs H L Mcdiarmid - Director

1.	STATUTORY INFORMATION

Let'S Verbalise Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

Fixtures and fittings

-

25% on cost

Computer equipment

-

50% on cost

Government grants

The company accounts for government grants in line with FRS 102 Section 24. Government grants are recognized only when there is reasonable assurance that:

The company will comply with the conditions attached to the grant; and

The grant will be received.

Grants related to income are recognized as other income in the profit and loss account on a systematic basis over the periods in which the related costs are incurred.

Grants related to assets are either:

Treated as deferred income and released to the profit and loss account over the useful life of the related asset

Non-monetary grants are measured at the fair value of the goods or services received.

If a grant becomes repayable, it is recognized as a liability and the reversal of previously recognized income is recorded as required.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

20,000

AMORTISATION

At 1 September 2024

and 31 August 2025

20,000

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 September 2024

15,839

16,210

32,049

Additions

2,557

7,159

9,716

At 31 August 2025

18,396

23,369

41,765

DEPRECIATION

At 1 September 2024

7,704

14,320

22,024

Charge for year

4,061

2,328

6,389

At 31 August 2025

11,765

16,648

28,413

NET BOOK VALUE

At 31 August 2025

6,631

6,721

13,352

At 31 August 2024

8,135

1,890

10,025

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

43,044

25,803

Other debtors

55,813

-

98,857

25,803

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

4,500

10,500

Payments on account

-

34,301

Trade creditors

15,036

-

Tax

37,720

17,364

Social security and other taxes

12,080

4,958

Other creditors

20,962

-

Directors' current accounts

5,511

7,858

Accrued expenses

3,846

1,450

99,655

76,431