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REGISTERED NUMBER: 02938087 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ALEIDO LEARNING UK LIMITED

PREVIOUSLY KNOWN AS
WALKGROVE LIMITED

ALEIDO LEARNING UK LIMITED (REGISTERED NUMBER: 02938087)
PREVIOUSLY KNOWN AS WALKGROVE LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ALEIDO LEARNING UK LIMITED
PREVIOUSLY KNOWN AS WALKGROVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: D G Hockley
J Ekener
L J Peil





SECRETARY: J Thurston





REGISTERED OFFICE: 7 Maisies Way
South Normanton
Alfreton
DE55 2DS





REGISTERED NUMBER: 02938087 (England and Wales)





AUDITORS: Shaw Gibbs (Audit) Limited
Chartered Certified Accountants
Statutory Auditor
264 Banbury Road
Oxford
Oxfordshire
OX2 7DY

ALEIDO LEARNING UK LIMITED (REGISTERED NUMBER: 02938087)
PREVIOUSLY KNOWN AS WALKGROVE LIMITED

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,454 21,432

CURRENT ASSETS
Debtors 5 295,265 384,747
Cash at bank and in hand 253,957 290,747
549,222 675,494
CREDITORS
Amounts falling due within one year 6 285,549 329,597
NET CURRENT ASSETS 263,673 345,897
TOTAL ASSETS LESS CURRENT
LIABILITIES

277,127

367,329

PROVISIONS FOR LIABILITIES 3,220 5,039
NET ASSETS 273,907 362,290

CAPITAL AND RESERVES
Called up share capital 8 25,000 25,000
Retained earnings 248,907 337,290
SHAREHOLDERS' FUNDS 273,907 362,290

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 27 March 2024 and were signed on its behalf by:





D G Hockley - Director


ALEIDO LEARNING UK LIMITED (REGISTERED NUMBER: 02938087)
PREVIOUSLY KNOWN AS WALKGROVE LIMITED

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


1. STATUTORY INFORMATION

Aleido Learning UK 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.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

Turnover
Turnover represents the fair value of the consideration received, or receivable of goods and services supplied to customers during the year, excluding Value Added Tax, discounts and rebates. Income is recognised as and when costs borne from a project arise. Invoicing is then completed at various stages of the project.

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 and 50% on cost and 33% on cost

Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Where parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items of property, plant and equipment.

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

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 statement of financial position date.


ALEIDO LEARNING UK LIMITED (REGISTERED NUMBER: 02938087)
PREVIOUSLY KNOWN AS WALKGROVE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Financial instruments
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 17 ) .

ALEIDO LEARNING UK LIMITED (REGISTERED NUMBER: 02938087)
PREVIOUSLY KNOWN AS WALKGROVE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023 88,834
Additions 784
Disposals (22,387 )
At 31 December 2023 67,231
DEPRECIATION
At 1 January 2023 67,402
Charge for year 8,762
Eliminated on disposal (22,387 )
At 31 December 2023 53,777
NET BOOK VALUE
At 31 December 2023 13,454
At 31 December 2022 21,432

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 227,746 376,186
Provision for doubtful debts (2,471 ) (5,400 )
Tax 9,442 -
Prepayments and accrued income 60,548 13,961
295,265 384,747

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 32,926 11,423
Amounts owed to group undertakings 926 24,990
Tax - 48,587
Social security and other taxes 21,278 14,820
VAT 43,278 62,135
Other creditors 16,937 -
Accruals and deferred income 170,204 167,642
285,549 329,597

ALEIDO LEARNING UK LIMITED (REGISTERED NUMBER: 02938087)
PREVIOUSLY KNOWN AS WALKGROVE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 24,500 24,500
Between one and five years - 24,500
24,500 49,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
25,000 Ordinary £1 25,000 25,000

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Clifford (Senior Statutory Auditor)
for and on behalf of Shaw Gibbs (Audit) Limited

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

Since the year end, the company's former parent company Walkgrove Solutions Limited has been struck off at Companies House. The company's immediate parent is now Aleido UK Limited. Its ultimate parent undertaking and controlling company is Ratos AB, a public quoted company registered in Sweden.

The largest and smallest group into which this company is consolidated is Ratos AB. A copy of the parent company financial statements, which are prepared in accordance with EEC 7th company Law Directive, are available from the company's registered office at Box 511, SE - 114 1, Stockholm,, Sweden, and the visiting address is Sturegatan 10.