Language Is Everything Limited - Accounts to registrar (filleted) - small 18.2

Language Is Everything Limited - Accounts to registrar (filleted) - small 18.2

LANGUAGE IS EVERYTHING LIMITED - Company Information

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REGISTERED NUMBER: 03464388 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2019

for

Language Is Everything Limited
Language Is Everything Limited (Registered number: 03464388)






Contents of the Financial Statements
for the Year Ended 30 June 2019




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

Language Is Everything Limited

Company Information
for the Year Ended 30 June 2019







DIRECTOR: Mrs C Johnson MBE



REGISTERED OFFICE: 65 Castle Street
Hull
East Yorkshire
HU1 1SD



REGISTERED NUMBER: 03464388 (England and Wales)



ACCOUNTANTS: 360 Accountants Limited
18-19 Albion Street
Hull
East Yorkshire
HU1 3TG



BANKERS: The Co-operative Bank
16 Saltergate
Lincoln
LN2 1DG
Page 1
Language Is Everything Limited (Registered number: 03464388)

Abridged Balance Sheet
30 June 2019

30/6/19 30/6/18
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 16,765 23,934
16,765 23,934

CURRENT ASSETS
Debtors 510,625 519,571
Cash at bank and in hand 18,182 2,607
528,807 522,178
CREDITORS
Amounts falling due within one year 439,264 416,371
NET CURRENT ASSETS 89,543 105,807
TOTAL ASSETS LESS CURRENT
LIABILITIES
106,308
129,741

CREDITORS
Amounts falling due after more than one
year
-
44,042
NET ASSETS 106,308 85,699

CAPITAL AND RESERVES
Called up share capital 300 300
Share premium 79,615 79,615
Other reserves 361 361
Retained earnings 26,032 5,423
SHAREHOLDERS' FUNDS 106,308 85,699

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 notes form part of these financial statements

Page 2 continued...
Language Is Everything Limited (Registered number: 03464388)

Abridged Balance Sheet - continued
30 June 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 18 December 2019 and were signed by:





Mrs C Johnson MBE - Director


The notes form part of these financial statements

Page 3
Language Is Everything Limited (Registered number: 03464388)

Notes to the Financial Statements
for the Year Ended 30 June 2019

1. STATUTORY INFORMATION

Language Is Everything 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
Acquired Goodwill is written off in equal annual instalments over its estimated useful life.

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.
Plant and machinery - 20% on cost

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 18 (2018 - 19 ) .

Page 4 continued...
Language Is Everything Limited (Registered number: 03464388)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2019

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2018
and 30 June 2019 6,000
AMORTISATION
At 1 July 2018
and 30 June 2019 6,000
NET BOOK VALUE

At 30 June 2019 -
At 30 June 2018 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2018 293,754
Additions 2,959
At 30 June 2019 296,713
DEPRECIATION
At 1 July 2018 269,820
Charge for year 10,128
At 30 June 2019 279,948
NET BOOK VALUE
At 30 June 2019 16,765
At 30 June 2018 23,934

6. ULTIMATE CONTROLLING PARTY

In the opinion of the directors, the ultimate controlling party is Mrs C Johnson due to her shareholding in Lisel
Holdings Ltd, the parent company.

Page 5
Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Language Is Everything Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary
statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Language Is Everything Limited for the year ended 30 June 2019 which comprise the Abridged
Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from
information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Language Is Everything Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Language Is Everything Limited and state those matters that we have agreed to state to the director of Language Is Everything Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Language Is Everything Limited and its director for our work or for this report.

It is your duty to ensure that Language Is Everything Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Language Is Everything Limited. You consider that Language Is Everything Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Language Is Everything Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






360 Accountants Limited
18-19 Albion Street
Hull
East Yorkshire
HU1 3TG


18 December 2019

This page does not form part of the statutory financial statements

Page 6