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REGISTERED NUMBER: 07836140 (England and Wales)















Financial Statements for the Period 1 April 2023 to 31 July 2023

for

Learnmore Network Limited

Learnmore Network Limited (Registered number: 07836140)

Contents of the Financial Statements
for the Period 1 April 2023 to 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Learnmore Network Limited

Company Information
for the Period 1 April 2023 to 31 July 2023







DIRECTOR: Mrs R Newell





REGISTERED OFFICE: 238 Station Road
Addlestone
Surrey
KT15 2PS





REGISTERED NUMBER: 07836140 (England and Wales)





ACCOUNTANTS: CSL Partnership Limited
Chartered Certified Accountants
238 Station Road
Addlestone
Surrey
KT15 2PS

Learnmore Network Limited (Registered number: 07836140)

Balance Sheet
31 July 2023

31.7.23 31.3.23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 8,410 7,326

CURRENT ASSETS
Debtors 5 680,923 583,135
Cash at bank and in hand 59,169 52,797
740,092 635,932
CREDITORS
Amounts falling due within one year 6 (510,004 ) (493,582 )
NET CURRENT ASSETS 230,088 142,350
TOTAL ASSETS LESS CURRENT LIABILITIES 238,498 149,676

PROVISIONS FOR LIABILITIES (2,103 ) (1,831 )
NET ASSETS 236,395 147,845

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 236,385 147,835
SHAREHOLDERS' FUNDS 236,395 147,845

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2023 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 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 director and authorised for issue on 3 November 2023 and were signed by:





Mrs R Newell - Director


Learnmore Network Limited (Registered number: 07836140)

Notes to the Financial Statements
for the Period 1 April 2023 to 31 July 2023


1. STATUTORY INFORMATION

Learnmore Network 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue
Revenue is measured at fair value and represents revenues receivable under contracts net of value added tax. Where contractual obligations have been partially performed at the balance sheet date, revenue is recognised to the extent that the company has obtained the right to consideration through its performance.

Tangible fixed assets
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over their estimated useful lives as follows:

Computer equipment - 33% on cost

On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the income statement.

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.

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 period 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.

Learnmore Network Limited (Registered number: 07836140)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 31 July 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 28 (2023 - 28 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1 April 2023 33,328
Additions 3,420
At 31 July 2023 36,748
DEPRECIATION
At 1 April 2023 26,002
Charge for period 2,336
At 31 July 2023 28,338
NET BOOK VALUE
At 31 July 2023 8,410
At 31 March 2023 7,326

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.3.23
£    £   
Trade debtors 58,014 42,199
Other debtors 230 230
VAT 14,893 8,561
Accrued income 292,732 224,615
Prepayments 315,054 307,530
680,923 583,135

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.3.23
£    £   
Trade creditors 342,830 337,096
Tax 83,484 51,186
Social security and other taxes 69,951 96,603
Pensions 4,374 3,715
Directors' current accounts 208 -
Accrued expenses 9,157 4,982
510,004 493,582