Company Registration Number SC558989 (Scotland)
LEARN (ABERDEEN) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
PAGES FOR FILING WITH REGISTRAR
LEARN (ABERDEEN) LIMITED
BALANCE SHEET
AS AT
31 MARCH 2022
31 March 2022
- 1 -
2022
2021
£
£
£
£
Fixed assets
467
Current assets
593,855
390,501
Prepayments and accrued income
4,139
2,784
Creditors: amounts falling due within one year
(70,578)
(32,635)
Net current assets
527,416
360,650
Total assets less current liabilities
527,416
361,117
Accruals and deferred income
(2,750)
(3,150)
Net assets
524,666
357,967
Capital and reserves
524,666
357,967
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees
During the year, loans totalling £10,000 were advanced to the directors and £101,202 was repaid by the directors.
At 31 March 2022 the amounts due by the director was £108,799 (2021: £200,000)
Interest is charged at 2% per annum, there is no fixed term of repayments for the loan.
2
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2022
2021
Number
Number
Employees
1
1
Learn (Aberdeen) Limited is a private company limited by shares incorporated in Scotland. The registered office is 4 St. Erchard Gardens, Kincardine O'Neil, Aboyne, Aberdeenshire, United Kingdom, AB34 5DG.
For the year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
LEARN (ABERDEEN) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2022
31 March 2022
- 2 -
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 6 September 2022 and are signed on its behalf by:
Mr R Duthie
Director
Company Registration Number SC558989