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REGISTERED NUMBER: 05842638 (England and Wales)















Financial Statements

for the Year Ended 30 June 2023

for

Me Learning Limited

Me Learning Limited (Registered number: 05842638)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Me Learning Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: P Murr
N Richards
K S L Howarth





REGISTERED OFFICE: The Barn
Brackwell Farm
Nether Winchendon
Aylesbury
Buckinghamshire
HP18 0DS





REGISTERED NUMBER: 05842638 (England and Wales)





ACCOUNTANTS: Barnbrook Sinclair
Chartered Accountants
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Me Learning Limited (Registered number: 05842638)

Statement of Financial Position
30 June 2023

30/6/23 30/6/22
Notes £    £   
FIXED ASSETS
Intangible assets 5 325,110 214,352
Property, plant and equipment 6 85,955 102,668
411,065 317,020

CURRENT ASSETS
Debtors 7 553,715 422,387
Cash at bank 477,558 933,146
1,031,273 1,355,533
CREDITORS
Amounts falling due within one year 8 (1,586,359 ) (1,433,964 )
NET CURRENT LIABILITIES (555,086 ) (78,431 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(144,021

)

238,589

PROVISIONS FOR LIABILITIES (20,099 ) (23,783 )
NET (LIABILITIES)/ASSETS (164,120 ) 214,806

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (164,220 ) 214,706
SHAREHOLDERS' FUNDS (164,120 ) 214,806

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Me Learning Limited (Registered number: 05842638)

Statement of Financial Position - continued
30 June 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by:





N Richards - Director


Me Learning Limited (Registered number: 05842638)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Me Learning 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention and on a going concern basis, which the Directors consider to be appropriate on the basis of future trading forecasts and where necessary, for the Directors to arrange for the necessary finance to be made available to enable the company to meet its liabilities as they fall due.

Turnover
Turnover, which represents developing e-learning solutions to customers in private, public and non-profit sectors, including a proprietary Learning Management System, a catalogue of e-learning courses, bespoke e-learning solutions and face to face business training and coaching courses, is recognised, excluding value added tax, when it is probable that an economic benefit will flow to the company and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured using a percentage of completion method.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Plant and machinery - 33% on cost
Fixtures and fittings - 25% on cost and 18% on reducing balance
Computer equipment - 25% on cost and 18% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Me Learning Limited (Registered number: 05842638)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

3. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2022 - 41 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
Cost
At 1 July 2022 256,457
Additions 245,485
At 30 June 2023 501,942
Amortisation
At 1 July 2022 42,105
Charge for year 134,727
At 30 June 2023 176,832
Net book value
At 30 June 2023 325,110
At 30 June 2022 214,352

Me Learning Limited (Registered number: 05842638)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
Cost
At 1 July 2022 20,703 773 74,535 152,655 248,666
Additions 2,375 - 1,460 9,328 13,163
Disposals - (773 ) - - (773 )
At 30 June 2023 23,078 - 75,995 161,983 261,056
Depreciation
At 1 July 2022 9,943 150 48,729 87,176 145,998
Charge for year 4,388 - 6,268 18,597 29,253
Eliminated on disposal - (150 ) - - (150 )
At 30 June 2023 14,331 - 54,997 105,773 175,101
Net book value
At 30 June 2023 8,747 - 20,998 56,210 85,955
At 30 June 2022 10,760 623 25,806 65,479 102,668

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Trade debtors 454,070 288,339
Other debtors 99,645 134,048
553,715 422,387

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Trade creditors 86,869 87,830
Taxation and social security 210,681 227,117
Other creditors 1,288,809 1,119,017
1,586,359 1,433,964

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30/6/23 30/6/22
£    £   
Within one year 76,910 74,803
Between one and five years 58,188 100,526
135,098 175,329

Me Learning Limited (Registered number: 05842638)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

10. DIVIDENDS

The interim dividends paid during the year, were paid on the basis that the company had sufficient distributable reserves. At the point when the company no longer had sufficient distributable reserves, no further interim dividends were paid.