IRIS Accounts Production v23.4.0.336 09099028 director 1.1.23 31.12.23 31.12.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh090990282022-12-31090990282023-12-31090990282023-01-012023-12-31090990282021-12-31090990282022-01-012022-12-31090990282022-12-3109099028ns15:EnglandWales2023-01-012023-12-3109099028ns14:PoundSterling2023-01-012023-12-3109099028ns10:Director12023-01-012023-12-3109099028ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3109099028ns10:SmallEntities2023-01-012023-12-3109099028ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3109099028ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3109099028ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3109099028ns10:FullAccounts2023-01-012023-12-310909902812023-01-012023-12-3109099028ns10:OrdinaryShareClass12023-01-012023-12-3109099028ns10:RegisteredOffice2023-01-012023-12-3109099028ns5:CurrentFinancialInstruments2023-12-3109099028ns5:CurrentFinancialInstruments2022-12-3109099028ns5:ShareCapital2023-12-3109099028ns5:ShareCapital2022-12-3109099028ns5:RetainedEarningsAccumulatedLosses2023-12-3109099028ns5:RetainedEarningsAccumulatedLosses2022-12-3109099028ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3109099028ns5:ComputerSoftware2023-01-012023-12-3109099028ns5:FurnitureFittings2023-01-012023-12-3109099028ns5:ComputerEquipment2023-01-012023-12-3109099028ns5:IntangibleAssetsOtherThanGoodwill2022-12-3109099028ns5:IntangibleAssetsOtherThanGoodwill2023-12-3109099028ns5:IntangibleAssetsOtherThanGoodwill2022-12-3109099028ns5:PlantMachinery2022-12-3109099028ns5:PlantMachinery2023-01-012023-12-3109099028ns5:PlantMachinery2023-12-3109099028ns5:PlantMachinery2022-12-3109099028ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3109099028ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3109099028ns5:CurrentFinancialInstruments2023-01-012023-12-3109099028ns5:WithinOneYear2023-12-3109099028ns5:WithinOneYear2022-12-3109099028ns5:DeferredTaxation2022-12-3109099028ns5:DeferredTaxation2023-12-3109099028ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 09099028 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Gershon Learning Limited

Gershon Learning Limited (Registered number: 09099028)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gershon Learning Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: M Gershon





REGISTERED OFFICE: Eldo House
Kempson Way
Bury St Edmunds
Suffolk
IP32 7AR





BUSINESS ADDRESS: Innovation Centre
Innovation Way
Heslington
York
Yorkshire
YO10 5NY





REGISTERED NUMBER: 09099028 (England and Wales)





ACCOUNTANTS: Knights Lowe Chartered Accountants
Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR

Gershon Learning Limited (Registered number: 09099028)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 50,472 67,601
Tangible assets 5 11,233 4,894
61,705 72,495

CURRENT ASSETS
Debtors 6 15,087 2,233
Cash at bank 44,877 285,657
59,964 287,890
CREDITORS
Amounts falling due within one year 7 11,608 79,567
NET CURRENT ASSETS 48,356 208,323
TOTAL ASSETS LESS CURRENT LIABILITIES 110,061 280,818

PROVISIONS FOR LIABILITIES 9 12,453 13,774
NET ASSETS 97,608 267,044

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 97,508 266,944
SHAREHOLDERS' FUNDS 97,608 267,044

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Gershon Learning Limited (Registered number: 09099028)

Balance Sheet - continued
31 December 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 director and authorised for issue on 15 March 2024 and were signed by:





M Gershon - Director


Gershon Learning Limited (Registered number: 09099028)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Gershon 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. 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.

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.

Website development is being amortised evenly over its estimated useful life of five years.

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 reducing balance
Computer equipment - 4 years straight line

Gershon Learning Limited (Registered number: 09099028)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other accounts receivable and payable, and loans from banks or other related parties.

Debt instruments, such as loans and other accounts receivable and payable, are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, such as the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payment discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Gershon Learning Limited (Registered number: 09099028)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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
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.

Impairment
At each reporting date, goodwill and other fixed assets, including tangible fixed assets and investments but excluding investment properties, are assessed to determine whether there is an indication that the carrying amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is an indication of possible impairment, the recoverable amount of an asset, which is the higher of its value in use and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is written down to its estimated recoverable amount and an impairment loss is recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 85,643
AMORTISATION
At 1 January 2023 18,042
Charge for year 17,129
At 31 December 2023 35,171
NET BOOK VALUE
At 31 December 2023 50,472
At 31 December 2022 67,601

Gershon Learning Limited (Registered number: 09099028)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 7,569
Additions 7,048
At 31 December 2023 14,617
DEPRECIATION
At 1 January 2023 2,675
Charge for year 709
At 31 December 2023 3,384
NET BOOK VALUE
At 31 December 2023 11,233
At 31 December 2022 4,894

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 14,340 -
Other debtors 747 2,233
15,087 2,233

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 9,121 76,103
Other creditors 2,487 3,464
11,608 79,567

Included in other creditors is an amount owed to the director.

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 3,360 3,150

Gershon Learning Limited (Registered number: 09099028)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 12,453 13,774

Deferred
tax
£   
Balance at 1 January 2023 13,774
Movement in provision (1,321 )
Balance at 31 December 2023 12,453

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100