Languagenut Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07401600

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		132,145		153,277
Tangible Assets	5		12,194		12,242

			144,339		165,519
CURRENT ASSETS
Debtors	6	666,935		621,869
Cash at bank and in hand		477,364		440,857

		1,144,299		1,062,726
Creditors: Amounts Falling Due Within One Year	7	(906,048 )		(932,247 )

NET CURRENT ASSETS (LIABILITIES)			238,251		130,479

TOTAL ASSETS LESS CURRENT LIABILITIES			382,590		295,998

Creditors: Amounts Falling Due After More Than One Year	8		(53,363 )		(1,023,165 )

NET ASSETS/(LIABILITIES)			329,227		(727,167 )

CAPITAL AND RESERVES
Called up share capital	9		23		15
Share premium account			3,680,729		2,710,935
Profit and Loss Account			(3,351,525 )		(3,438,117 )

SHAREHOLDERS' FUNDS			329,227		(727,167)

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Languagenut Ltd

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 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

13/05/2026

The notes on pages 3 to 5 form part of these 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	25%

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.

...CONTINUED

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Languagenut Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.6. Taxation - continued

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.

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: 17 (2025: 20)

4. Intangible Assets

	Other	Development Costs	Total
	£	£	£
Cost
As at 1 April 2025	158,891	251,323	410,214
Additions	5,000	-	5,000

As at 31 March 2026	163,891	251,323	415,214

Amortisation
As at 1 April 2025	146,725	110,212	256,937
Provided during the period	1,000	25,132	26,132

As at 31 March 2026	147,725	135,344	283,069

Net Book Value
As at 31 March 2026	16,166	115,979	132,145

As at 1 April 2025	12,166	141,111	153,277

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2025	20,730	87,424	108,154
Additions	-	4,017	4,017

As at 31 March 2026	20,730	91,441	112,171

Depreciation
As at 1 April 2025	18,059	77,853	95,912
Provided during the period	668	3,397	4,065

As at 31 March 2026	18,727	81,250	99,977

Net Book Value
As at 31 March 2026	2,003	10,191	12,194

As at 1 April 2025	2,671	9,571	12,242

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Languagenut Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	17,818	52,415
Prepayments and accrued income	37,184	22,795
Other debtors	144,784	19,883
Corporation tax recoverable assets	35,799	92,316
Director's loan account	31,173	22,968

	266,758	210,377
Due after more than one year
Deferred tax current asset	400,177	411,492

	666,935	621,869

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	14,578	6,970
Bank loans and overdrafts	2,656	13,095
VAT	57,969	49,386
Net wages	5,332	6,090
Other creditors	47,951	46,000
Accruals and deferred income	777,562	810,706

	906,048	932,247

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Other loans	-	969,802
Other creditors	53,363	53,363

	53,363	1,023,165

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	23	15

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2026
	£	£	£	£	£
Mr Paul Fairbank	22,968	8,205	-	-	31,173

The above loan is unsecured, interest free and repayable on demand.

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