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Financial Statements |
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for the Period 1 January 2018 to 30 September 2018 |
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Language Study Centres Limited |
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REGISTERED NUMBER:
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Financial Statements |
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for the Period 1 January 2018 to 30 September 2018 |
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for |
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Language Study Centres Limited |
Language Study Centres Limited (Registered number: 03790349) |
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Contents of the Financial Statements |
for the Period 1 January 2018 to 30 September 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Language Study Centres Limited |
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Company Information |
for the Period 1 January 2018 to 30 September 2018 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Statutory Auditors |
Chartered Accountants |
32 Derby Street |
Ormskirk |
Lancashire |
L39 2BY |
Language Study Centres Limited (Registered number: 03790349) |
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Balance Sheet |
30 September 2018 |
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30.9.18 | 31.12.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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Language Study Centres Limited (Registered number: 03790349) |
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Notes to the Financial Statements |
for the Period 1 January 2018 to 30 September 2018 |
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1. | STATUTORY INFORMATION |
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Language Study Centres Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements have been prepared on the Going Concern basis, assuming the continued support of the parent |
company for the foreseeable future. |
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Turnover |
Turnover represents net invoiced sales of services and commercial recharges to group companies, excluding value added |
tax. |
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Intangible fixed assets |
Website design & build expenses have been capitalised & amortised over 3 years. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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Taxation |
Taxation for the period 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet |
date. |
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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 period end and that are expected to apply to the reversal of the timing difference. |
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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. |
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Foreign currencies |
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 of exchange ruling at the date of transaction. |
Exchange differences are taken into account in arriving at the operating result. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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Language Study Centres Limited (Registered number: 03790349) |
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Notes to the Financial Statements - continued |
for the Period 1 January 2018 to 30 September 2018 |
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4. | INTANGIBLE FIXED ASSETS |
Computer |
software |
£ |
COST |
At 1 January 2018 |
and 30 September 2018 |
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AMORTISATION |
At 1 January 2018 |
and 30 September 2018 |
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NET BOOK VALUE |
At 30 September 2018 |
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At 31 December 2017 |
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5. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 January 2018 |
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Disposals |
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At 30 September 2018 |
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DEPRECIATION |
At 1 January 2018 |
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Charge for period |
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Eliminated on disposal |
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( |
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At 30 September 2018 |
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NET BOOK VALUE |
At 30 September 2018 |
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At 31 December 2017 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.18 | 31.12.17 |
£ | £ |
Trade debtors |
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Other debtors |
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Prepayments |
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Language Study Centres Limited (Registered number: 03790349) |
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Notes to the Financial Statements - continued |
for the Period 1 January 2018 to 30 September 2018 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.18 | 31.12.17 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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Social security and other taxes |
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Accrued expenses |
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8. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
30.9.18 | 31.12.17 |
£ | £ |
Within one year |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.9.18 | 31.12.17 |
value: | £ | £ |
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Ordinary | £1 | 1,000 | 1,000 |
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10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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11. | ULTIMATE CONTROLLING PARTY |
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