The Language Company Group Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01409375 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

The Language Company Group Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Baker

Mrs M Baker

SECRETARY:

Mr J Baker

REGISTERED OFFICE:

151 Whiteladies Road

Bristol

BS8 2RA

REGISTERED NUMBER:

01409375 (England and Wales)

ACCOUNTANTS:

Emsdens Limited

10 Ladbrook Close

Elmsett

Ipswich

Suffolk

IP7 6LD

FIXED ASSETS

Tangible assets

4

2,338

-

CURRENT ASSETS

Debtors

5

128,128

100,583

Cash at bank

14,524

71,421

142,652

172,004

CREDITORS

Amounts falling due within one year

6

119,061

121,237

NET CURRENT ASSETS

23,591

50,767

TOTAL ASSETS LESS CURRENT LIABILITIES

25,929

50,767

PROVISIONS FOR LIABILITIES

444

-

NET ASSETS

25,485

50,767

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

25,385

50,667

SHAREHOLDERS' FUNDS

25,485

50,767

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 21 July 2023 and were signed on its behalf by:

Mr J Baker - Director

Mrs M Baker - Director

1.	STATUTORY INFORMATION

The Language Company Group 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

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 etc

-

25% 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 10 (2022 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

3,117

At 31 March 2023

3,117

DEPRECIATION

Charge for year

779

At 31 March 2023

779

NET BOOK VALUE

At 31 March 2023

2,338

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

127,788

100,333

Other debtors

340

250

128,128

100,583

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade creditors

32,206

19,869

Tax

7,636

23,620

VAT

39,005

67,246

Other creditors

40,214

10,502

119,061

121,237

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.23

31.3.22

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 April 2022

50,667

Profit for the year

25,385

Dividends

(50,667

)

At 31 March 2023

25,385

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr J Baker.

The ultimate controlling party is Mr J Baker.