LEARNING RAPID LIMITED

Company Registration Number:
SC434580 (Scotland)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

LEARNING RAPID LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Notes

LEARNING RAPID LIMITED

Balance sheet

As at 31 October 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 1,085 537
Total fixed assets: 1,085 537
Current assets
Debtors:   37,445 39,120
Cash at bank and in hand: 53,664 64,916
Total current assets: 91,109 104,036
Creditors: amounts falling due within one year:   (63,005) (65,652)
Net current assets (liabilities): 28,104 38,384
Total assets less current liabilities: 29,189 38,921
Provision for liabilities: (206) (102)
Total net assets (liabilities): 28,983 38,819
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 28,883 38,719
Shareholders funds: 28,983 38,819

The notes form part of these financial statements

LEARNING RAPID LIMITED

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 16 April 2024
and signed on behalf of the board by:

Name: Mr Howard Pearson
Status: Director

The notes form part of these financial statements

LEARNING RAPID LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and servicesprovided in the normal course of business, and is shown net of VAT and other sales related taxes. The fairvalue of consideration takes into account trade discounts, settlement discounts and volume rebates.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net ofdepreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over theiruseful lives on the following bases:Fixtures, fittings & equipment 20% on straight lineComputer equipment 33% on straight line

LEARNING RAPID LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

2. Employees

2023 2022
Average number of employees during the period 1 1

LEARNING RAPID LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible Assets

Total
Cost £
At 01 November 2022 11,844
Additions 1,439
Disposals (1,640)
At 31 October 2023 11,643
Depreciation
At 01 November 2022 11,307
Charge for year 891
Other adjustments (1,640)
At 31 October 2023 10,558
Net book value
At 31 October 2023 1,085
At 31 October 2022 537