BP Learning UK 11120513 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is education support services Digita Accounts Production Advanced 6.30.9574.0 true true 11120513 2022-09-01 2023-08-31 11120513 2023-08-31 11120513 core:RetainedEarningsAccumulatedLosses 2023-08-31 11120513 core:CurrentFinancialInstruments 2023-08-31 11120513 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 11120513 core:FurnitureFittingsToolsEquipment 2023-08-31 11120513 bus:SmallEntities 2022-09-01 2023-08-31 11120513 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 11120513 bus:FullAccounts 2022-09-01 2023-08-31 11120513 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 11120513 bus:RegisteredOffice 2022-09-01 2023-08-31 11120513 bus:Director1 2022-09-01 2023-08-31 11120513 bus:CompanyLimitedByGuarantee 2022-09-01 2023-08-31 11120513 core:FurnitureFittings 2022-09-01 2023-08-31 11120513 core:FurnitureFittingsToolsEquipment 2022-09-01 2023-08-31 11120513 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-09-01 2023-08-31 11120513 countries:AllCountries 2022-09-01 2023-08-31 11120513 2022-08-31 11120513 core:FurnitureFittingsToolsEquipment 2022-08-31 11120513 2021-09-01 2022-08-31 11120513 2022-08-31 11120513 core:RetainedEarningsAccumulatedLosses 2022-08-31 11120513 core:CurrentFinancialInstruments 2022-08-31 11120513 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 11120513 core:FurnitureFittingsToolsEquipment 2022-08-31 iso4217:GBP xbrli:pure

Registration number: 11120513

BP Learning UK

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2023

 

BP Learning UK

(Registration number: 11120513)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

4,553

6,954

Current assets

 

Debtors

5

7,007

7,052

Cash at bank and in hand

 

14,986

5,099

 

21,993

12,151

Creditors: Amounts falling due within one year

6

(22,669)

(18,209)

Net current liabilities

 

(676)

(6,058)

Net assets

 

3,877

896

Reserves

 

Retained earnings

3,877

896

Surplus

 

3,877

896

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 November 2023 and signed on its behalf by:
 

.........................................
Learning 3D Limited
Director

 

BP Learning UK

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

1

General information

The company is a company limited by guarantee, incorporated in England & Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £10 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Big Picture Doncaster
High Street
Bentley
Doncaster
DN5 0BF

These financial statements were authorised for issue by the Board on 16 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

BP Learning UK

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and fittings

25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2022 - 8).

 

BP Learning UK

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2022

23,091

23,091

Additions

1,213

1,213

At 31 August 2023

24,304

24,304

Depreciation

At 1 September 2022

16,137

16,137

Charge for the year

3,614

3,614

At 31 August 2023

19,751

19,751

Carrying amount

At 31 August 2023

4,553

4,553

At 31 August 2022

6,954

6,954

5

Debtors

Current

2023
£

2022
£

Trade debtors

-

1,791

Prepayments

2,399

-

Other debtors

4,608

5,261

 

7,007

7,052

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

2,051

3,367

Taxation and social security

14,998

11,618

Accruals and deferred income

1,549

3,224

Other creditors

4,071

-

22,669

18,209

 

BP Learning UK

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

7

Related party transactions

Summary of transactions with entities with joint control or significant interest

Learning 3D Limited is a director of BP Learning UK.
 As part of a broader partnership, Learning 3D Limited provided professional development, consultancy, materials and staffing to BP Learning UK of £114,979 (2022 - £88,871)
 The transactions were on an arms length, open market basis.