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REGISTERED NUMBER: 05193315 (England and Wales)










Financial Statements

for the Year Ended 4 April 2023

for

LEARNING CONCEPTS LIMITED

LEARNING CONCEPTS LIMITED (Registered number: 05193315)






Contents of the Financial Statements
for the Year Ended 4 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LEARNING CONCEPTS LIMITED

Company Information
for the Year Ended 4 April 2023







DIRECTOR: Mr K Atkinson





REGISTERED OFFICE: Jarrow Business Centre
Rolling Mill Road
Viking Industrial Estate
Jarrow
Tyne and Wear
NE32 3DT





REGISTERED NUMBER: 05193315 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
52-56 Coatsworth Road
Gateshead
NE8 1QN

LEARNING CONCEPTS LIMITED (Registered number: 05193315)

Balance Sheet
4 April 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 10,662 12,660

CURRENT ASSETS
Debtors 5 1,496,429 1,674,959
Cash at bank and in hand 555,483 506,080
2,051,912 2,181,039
CREDITORS
Amounts falling due within one year 6 (9,970 ) (15,449 )
NET CURRENT ASSETS 2,041,942 2,165,590
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,052,604

2,178,250

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 7 2,051,604 2,177,250
2,052,604 2,178,250

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 4 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 4 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 13 November 2023 and were signed by:





Mr K Atkinson - Director


LEARNING CONCEPTS LIMITED (Registered number: 05193315)

Notes to the Financial Statements
for the Year Ended 4 April 2023

1. STATUTORY INFORMATION

LEARNING CONCEPTS 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.

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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

TAXATION
Taxation for the year 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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 13 ) .

LEARNING CONCEPTS LIMITED (Registered number: 05193315)

Notes to the Financial Statements - continued
for the Year Ended 4 April 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 5 April 2022
and 4 April 2023 447,495
DEPRECIATION
At 5 April 2022 434,835
Charge for year 1,998
At 4 April 2023 436,833
NET BOOK VALUE
At 4 April 2023 10,662
At 4 April 2022 12,660

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 18,021 -
Other debtors-K Rutherford 228,919 208,095
Directors' current accounts 33,025 -
279,965 208,095

Amounts falling due after more than one year:
Stockswood Estates Ltd
(Inter-co) 1,216,464 1,466,864
1,216,464 1,466,864

Aggregate amounts 1,496,429 1,674,959

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Social security and other tax 3,715 5,421
Pension Liability 662 945
Other creditors 1,394 2,063
Accrued expenses 4,199 7,020
9,970 15,449

LEARNING CONCEPTS LIMITED (Registered number: 05193315)

Notes to the Financial Statements - continued
for the Year Ended 4 April 2023

7. RESERVES
Retained
earnings
£   

At 5 April 2022 2,177,250
Deficit for the year (125,646 )
At 4 April 2023 2,051,604

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr K Atkinson.