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Company Registration No. 10605207 (England and Wales)
Intuitive Learning Limited Unaudited accounts for the year ended 31 December 2023
Intuitive Learning Limited Unaudited accounts Contents
Page
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Intuitive Learning Limited Company Information for the year ended 31 December 2023
Directors
Jonathan Jerome Evan Ritchie Michael Routledge Andrew Cope
Company Number
10605207 (England and Wales)
Registered Office
The Leeming Building Vicar Lane Leeds LS2 7JF
Accountants
Sleek Accounting Ltd 107 Kirkgate Leeds West Yorkshire LS1 6DP
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Intuitive Learning Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,126 
5,926 
Current assets
Debtors
67,552 
63,169 
Cash at bank and in hand
384,895 
466,803 
452,447 
529,972 
Creditors: amounts falling due within one year
(352,043)
(275,592)
Net current assets
100,404 
254,380 
Total assets less current liabilities
104,530 
260,306 
Creditors: amounts falling due after more than one year
(34,095)
(39,381)
Net assets
70,435 
220,925 
Capital and reserves
Called up share capital
279 
279 
Share premium
474,912 
474,912 
Profit and loss account
(404,756)
(254,266)
Shareholders' funds
70,435 
220,925 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2024 and were signed on its behalf by
Jonathan Jerome Director Company Registration No. 10605207
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Intuitive Learning Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Intuitive Learning Limited is a private company, limited by shares, registered in England and Wales, registration number 10605207. The registered office is The Leeming Building, Vicar Lane , Leeds , LS2 7JF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years over useful life
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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Intuitive Learning Limited Notes to the Accounts for the year ended 31 December 2023
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At valuation 
At cost 
At 1 January 2023
1,586 
13,094 
14,680 
Additions
- 
710 
710 
Revaluations
115 
- 
115 
At 31 December 2023
1,701 
13,804 
15,505 
Depreciation
At 1 January 2023
- 
8,754 
8,754 
Charge for the year
681 
1,944 
2,625 
At 31 December 2023
681 
10,698 
11,379 
Net book value
At 31 December 2023
1,020 
3,106 
4,126 
At 31 December 2022
1,586 
4,340 
5,926 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
64,722 
61,325 
Accrued income and prepayments
1,580 
594 
Other debtors
1,250 
1,250 
67,552 
63,169 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,570 
5,396 
VAT
46,376 
42,280 
Trade creditors
45,778 
12,954 
Taxes and social security
27,132 
19,558 
Other creditors
33,813 
5,060 
Loans from directors
172,474 
172,474 
Accruals
20,900 
17,870 
352,043 
275,592 
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Intuitive Learning Limited Notes to the Accounts for the year ended 31 December 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
34,095 
39,381 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
27,013 Ordinary shares of £0.01 each
270.13 
270.13 
978 Ordinary B shares of £0.01 each
9.78 
9.78 
279.91 
279.91 
9
Average number of employees
During the year the average number of employees was 10 (2022: 10).
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