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REGISTERED NUMBER: 07687679 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Aim 2 Learn Ltd

Aim 2 Learn Ltd (Registered number: 07687679)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aim 2 Learn Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: S Littlewood
D Wightman





REGISTERED OFFICE: 3 Park Square East
Leeds
West Yorkshire
LS1 2NE





REGISTERED NUMBER: 07687679 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
Chartered Accountants
3 Park Square
Leeds
LS1 2NE

Aim 2 Learn Ltd (Registered number: 07687679)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 151,144 170,833

CURRENT ASSETS
Debtors 5 2,151,436 1,616,511
Cash at bank 152,255 310,753
2,303,691 1,927,264
CREDITORS
Amounts falling due within one year 6 1,263,162 1,077,777
NET CURRENT ASSETS 1,040,529 849,487
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,191,673

1,020,320

CREDITORS
Amounts falling due after more than one
year

7

159,796

280,461
NET ASSETS 1,031,877 739,859

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 1,031,876 739,858
SHAREHOLDERS' FUNDS 1,031,877 739,859

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.

Aim 2 Learn Ltd (Registered number: 07687679)

Balance Sheet - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by:





S Littlewood - Director


Aim 2 Learn Ltd (Registered number: 07687679)

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

1. STATUTORY INFORMATION

Aim 2 Learn Ltd 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.

Turnover
Turnover represents fees receivable net of value added tax

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

Aim 2 Learn Ltd (Registered number: 07687679)

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

2. ACCOUNTING POLICIES - continued

Pensions
For a defined benefit scheme, the liability recorded in the balance sheet is the present value of the defined obligation at that date. The defined benefit obligation is calculated on an annual basis by independent actuaries.

Actuarial gains and losses are recognised in full in the period in which they occur and are shown in Other Comprehensive Income.

Current and past service costs, along with settlements or curtailments, are charged to the Income Statement. Interest on pension plan liabilities are recognised within finance expense.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 261,239
Additions 22,318
At 30 June 2023 283,557
DEPRECIATION
At 1 July 2022 90,406
Charge for year 42,007
At 30 June 2023 132,413
NET BOOK VALUE
At 30 June 2023 151,144
At 30 June 2022 170,833

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 500,693 382,768
Amounts due from related party 1,640,743 1,223,743
Prepayments 10,000 10,000
2,151,436 1,616,511

Aim 2 Learn Ltd (Registered number: 07687679)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Invoice discounting creditor 273,090 279,880
Hire purchase contracts 6,786 6,786
Trade creditors 325,309 263,380
Tax 517,185 380,100
Social security and other taxes - 6,839
Loan creditor 125,792 125,792
Accrued expenses 15,000 15,000
1,263,162 1,077,777

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts - 3,198
Loan creditor 159,796 277,263
159,796 280,461

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Invoice discounting creditor 273,090 279,880

The invoice discounting creditor of £273,090 (2022: £279,880) is secured against approved trade debtors.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
1,000 Ordinary £0.00 1 1 1

10. RESERVES
Retained
earnings
£   

At 1 July 2022 739,858
Profit for the year 652,018
Dividends (360,000 )
At 30 June 2023 1,031,876

Aim 2 Learn Ltd (Registered number: 07687679)

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

11. RELATED PARTY DISCLOSURES

At 30th June 2023 the company was owed an amount of £1,640,743 (2022: £1,223,743) from Debt and Asset Recovery Limited. S Littlewood and D Wightman are directors of Debt and Asset Recovery Limited.

12. ULTIMATE CONTROLLING PARTY

The directors consider there to be no ultimate controlling party.