Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31No description of principal activity2022-04-01false45truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08977436 2022-04-01 2023-03-31 08977436 2021-04-01 2022-03-31 08977436 2023-03-31 08977436 2022-03-31 08977436 c:Director1 2022-04-01 2023-03-31 08977436 d:OfficeEquipment 2022-04-01 2023-03-31 08977436 d:OfficeEquipment 2023-03-31 08977436 d:OfficeEquipment 2022-03-31 08977436 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08977436 d:ComputerEquipment 2022-04-01 2023-03-31 08977436 d:ComputerEquipment 2023-03-31 08977436 d:ComputerEquipment 2022-03-31 08977436 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08977436 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08977436 d:Goodwill 2023-03-31 08977436 d:Goodwill 2022-03-31 08977436 d:CurrentFinancialInstruments 2023-03-31 08977436 d:CurrentFinancialInstruments 2022-03-31 08977436 d:Non-currentFinancialInstruments 2023-03-31 08977436 d:Non-currentFinancialInstruments 2022-03-31 08977436 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08977436 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 08977436 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08977436 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 08977436 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 08977436 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 08977436 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 08977436 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 08977436 d:RetainedEarningsAccumulatedLosses 2023-03-31 08977436 d:RetainedEarningsAccumulatedLosses 2022-03-31 08977436 c:FRS102 2022-04-01 2023-03-31 08977436 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 08977436 c:FullAccounts 2022-04-01 2023-03-31 08977436 c:CompanyLimitedByGuarantee 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 08977436










LEARNING PLUS UK DATA LTD
(A Company Limited by Guarantee)








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023



 
LEARNING PLUS UK DATA LTD
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 08977436

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
3,346
4,302

  
3,346
4,302

Current assets
  

Debtors: amounts falling due within one year
 6 
7,259
5,243

Bank & cash balances
  
8,393
10,207

  
15,652
15,450

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(29,955)
(36,473)

Net current liabilities
  
 
 
(14,303)
 
 
(21,023)

Total assets less current liabilities
  
(10,957)
(16,721)

Creditors: amounts falling due after more than one year
 8 
(37,873)
(39,240)

  

Net liabilities
  
(48,830)
(55,961)


Capital and reserves
  

Profit and loss account
  
(48,830)
(55,961)

  
(48,830)
(55,961)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
 
Page 1

 
LEARNING PLUS UK DATA LTD
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 08977436

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

J Bannister
Director

Date: 18 November 2023

Page 2

 
LEARNING PLUS UK DATA LTD

(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Learning Plus UK Data Ltd is a limited liability company limited by guarantee and incorporated in England and Wales. The address of its registered office is Suite 2b, Holybrook House, Castle Street, Reading, Berskhire, RG1 7SN.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

As shown by the financial statements the liabilities of the company exceed its assets. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and therefore the financial statements are prepared on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable for services during the year, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

Page 3

 
LEARNING PLUS UK DATA LTD

(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Intangible assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer's interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to intital recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of Comprehensive Income over its useful economic life. 
Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
20%
Computer equipment
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
LEARNING PLUS UK DATA LTD

(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.12

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.13

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 5).

Page 5

 
LEARNING PLUS UK DATA LTD

(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2022
15,000



At 31 March 2023

15,000



Amortisation


At 1 April 2022
15,000



At 31 March 2023

15,000



Net book value



At 31 March 2023
-



At 31 March 2022
-



Page 6

 
LEARNING PLUS UK DATA LTD

(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
3,009
14,510
17,519



At 31 March 2023

3,009
14,510
17,519



Depreciation


At 1 April 2022
3,009
10,208
13,217


Charge for the year on owned assets
-
956
956



At 31 March 2023

3,009
11,164
14,173



Net book value



At 31 March 2023
-
3,346
3,346



At 31 March 2022
-
4,302
4,302


6.


Debtors

2023
2022
£
£


Trade debtors
7,150
5,153

Prepayments and accrued income
109
90

7,259
5,243



7.


Creditors: amounts falling due within one year

2023
2022
£
£

Bank loans
4,768
4,005

Trade creditors
4,122
3,151

Other taxation and social security
2,779
6,400

Other creditors
2,455
4,630

Accruals and deferred income
15,831
18,287

29,955
36,473


Page 7

 
LEARNING PLUS UK DATA LTD

(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Creditors: amounts falling due after more than one year

2023
2022
£
£

Bank loans
37,873
39,240

37,873
39,240



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
4,768
4,005


4,768
4,005

Amounts falling due 1-2 years

Bank loans
4,768
4,848


4,768
4,848

Amounts falling due 2-5 years

Bank loans
33,105
34,392


33,105
34,392


42,641
43,245




10.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

Page 8

 
LEARNING PLUS UK DATA LTD

(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £3,763 (2022: £5,253).
Retirement benefits were accruing to 1 director (2022: 1) in respect of defined contribution pension schemes.
Pension contribution payable at the balance sheet date is £945 (2022: £3,120).


12.


Related party transactions

At the balance sheet date J McLucas was owed £1,510 (2022: £1,510) by the company. The loan is interest free with no set repayment date.


Page 9