2022-11-01 06686497 2023-10-31 06686497 2022-11-01 2023-10-31 06686497 2022-10-31 06686497 2021-11-01 2022-10-31 06686497 uk-core:WithinOneYear 2022-10-31 06686497 uk-core:WithinOneYear 2023-10-31 06686497 uk-core:AfterOneYear 2022-10-31 06686497 uk-core:AfterOneYear 2023-10-31 06686497 uk-core:ShareCapital 2023-10-31 06686497 uk-core:ShareCapital 2022-10-31 06686497 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 06686497 uk-core:RetainedEarningsAccumulatedLosses 2022-10-31 06686497 uk-bus:Director1 2022-11-01 2023-10-31 06686497 uk-core:OfficeEquipment 2022-11-01 2023-10-31 06686497 uk-core:WithinOneYear 2023-10-31 06686497 uk-core:WithinOneYear 2022-10-31 06686497 uk-core:AfterOneYear uk-core:Secured 2023-10-31 06686497 uk-core:AfterOneYear uk-core:Secured 2022-10-31 iso4217:GBP xbrli:pure 06686497 uk-bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 06686497 uk-bus:FRS102 2022-11-01 2023-10-31 06686497 uk-bus:FilletedAccounts 2022-11-01 2023-10-31 06686497 uk-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31
Limbic Learning Ltd
Registered Number:06686497
For the year ended 31 October 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 October 2023
Limbic Learning Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
06686497
As at 31 October 2023
Limbic Learning Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
1,326
1
2
1,326
1
Current assets
Trade and other receivables
2
16,044
3
13,165
Cash and cash equivalents
46
16,090
13,167
Trade and other payables: amounts falling due within one
year
(80,593)
(77,734)
4
(67,426)
(61,644)
Net current liabilities
Total assets less current liabilities
(60,318)
(67,425)
Trade and other payables: amounts falling due after more
than one year
-
(8,219)
5
(68,537)
Net liabilities
(67,425)
Capital and reserves
Called up share capital
4
4
Retained earnings
(68,541)
(67,429)
(68,537)
(67,425)
Shareholders' funds
For the year ended 31 October 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 of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
K Landsborough Director
These financial statements were approved and authorised for issue by the Board on 29 July 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 October 2023
Limbic Learning Ltd
Notes to the Financial Statements
Statutory Information
Limbic Learning Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 06686497.
Principal place of business:
6 Rutland Gardens
Hove
East Sussex
BN3 5PA
Registered address:
Forest Lodge
Forest Road
Pyrford
Surrwy
GU22 8NA
The presentation currency is £ sterling.
The accounts show that at 30 June 2023 the company had net liabilities of £68,800 ( 2022- £61.470 ). The director
will ensure the company is sufficienrtly financed to pay its liabilites and therefore these accounts are drawn up as a
going concern..
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
33.3 % Straight line
Computer and office equipment
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Going Cocern
he accounts show that at 31 October 2023 the company had net liabilities of £68,537 ( 2022- £67,425 ). The director
will ensure the company is sufficienrtly financed to pay its liabilites and therefore these accounts are drawn up as a
going concern..
2 of 4
5
For the year ended 31 October 2023
Limbic Learning Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Computer and
office
equipment
£
Cost or
valuation
At 01 November 2022
2,905
1,989
Additions
At 31 October 2023
4,894
Provision for depreciation and impairment
At 01 November 2022
2,904
Charge for year
664
At 31 October 2023
3,568
At 31 October 2023
Net book value
1,326
At 31 October 2022
1
3. Trade and other receivables
2022
2023
£
£
Trade debtors
16,044
-
Other debtors
-
2
2
16,044
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
4,000
15,326
Taxation and social security
71,430
63,144
Other creditors
2,304
2,123
77,734
80,593
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
8,219
-
3 of 4
6
For the year ended 31 October 2023
Limbic Learning Ltd
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 0
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