19 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 115,173 163,906 xbrli:pure xbrli:shares iso4217:GBP 06944241 2023-07-01 2024-06-30 06944241 2024-06-30 06944241 2023-06-30 06944241 2022-07-01 2023-06-30 06944241 2023-06-30 06944241 2022-06-30 06944241 core:FurnitureFittings 2023-07-01 2024-06-30 06944241 core:MotorVehicles 2023-07-01 2024-06-30 06944241 bus:RegisteredOffice 2023-07-01 2024-06-30 06944241 bus:LeadAgentIfApplicable 2023-07-01 2024-06-30 06944241 bus:Director2 2023-07-01 2024-06-30 06944241 bus:Director3 2023-07-01 2024-06-30 06944241 core:FurnitureFittings 2023-06-30 06944241 core:FurnitureFittings 2024-06-30 06944241 core:MotorVehicles 2024-06-30 06944241 core:WithinOneYear 2024-06-30 06944241 core:WithinOneYear 2023-06-30 06944241 core:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 06944241 core:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 06944241 core:RetainedEarningsAccumulatedLosses 2023-06-30 06944241 core:RetainedEarningsAccumulatedLosses 2022-06-30 06944241 core:RetainedEarningsAccumulatedLosses 2024-06-30 06944241 core:RetainedEarningsAccumulatedLosses 2023-06-30 06944241 core:ShareCapital 2024-06-30 06944241 core:ShareCapital 2023-06-30 06944241 core:CapitalRedemptionReserve 2024-06-30 06944241 core:CapitalRedemptionReserve 2023-06-30 06944241 core:FurnitureFittings 2023-06-30 06944241 core:MotorVehicles 2023-06-30 06944241 bus:SmallEntities 2023-07-01 2024-06-30 06944241 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 06944241 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 06944241 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06944241 bus:FullAccounts 2023-07-01 2024-06-30
COMPANY REGISTRATION NUMBER: 06944241
Curve Learning and Development Limited
Unaudited Financial Statements
30 June 2024
Curve Learning and Development Limited
Financial Statements
Year Ended 30 June 2024
Contents
Page
Directors' Report
1
Statement of Income and Retained Earnings
2
Statement of Financial Position
3
Notes to the Financial Statements
4
The following pages do not form part of the financial statements
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements
9
Curve Learning and Development Limited
Directors' Report
Year Ended 30 June 2024
The directors present their report and the unaudited financial statements of the company for the year ended 30 June 2024 .
Incorporation
The company was incorporated on 25th June 2009 and commenced trading on that date.
Directors
The directors who served the company during the year were as follows:
Mr S Rowbottom
Mr P Rosser
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 9 August 2024 and signed on behalf of the board by:
Mr S Rowbottom
Mr P Rosser
Director
Director
Registered office:
Bridge House
Bridge Road
Horbury
Wakefield
West Yorkshire
WF4 5NN
Curve Learning and Development Limited
Statement of Income and Retained Earnings
Year Ended 30 June 2024
2024
2023
Note
£
£
Turnover
1,003,285
919,630
Cost of sales
556,702
473,767
------------
---------
Gross Profit
446,583
445,863
Administrative expenses
296,854
242,557
---------
---------
Operating Profit
149,729
203,306
Other interest receivable and similar income
4,841
1,049
Interest payable and similar expenses
389
---------
---------
Profit Before Taxation
5
154,570
203,966
Tax on profit
39,397
40,060
---------
---------
Profit for the Financial Year and Total Comprehensive Income
115,173
163,906
---------
---------
Dividends paid and payable
( 47,368)
( 48,307)
Retained Earnings at the Start of the Year
435,350
319,751
---------
---------
Retained Earnings at the End of the Year
503,155
435,350
---------
---------
All the activities of the company are from continuing operations.
Curve Learning and Development Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
£
Fixed Assets
Tangible assets
6
36,121
46,435
Current Assets
Debtors
7
169,087
188,243
Cash at bank and in hand
472,045
357,031
---------
---------
641,132
545,274
Creditors: amounts falling due within one year
8
173,998
156,259
---------
---------
Net Current Assets
467,134
389,015
---------
---------
Total Assets Less Current Liabilities
503,255
435,450
---------
---------
Net Assets
503,255
435,450
---------
---------
Capital and Reserves
Called up share capital
60
60
Capital redemption reserve
40
40
Profit and loss account
503,155
435,350
---------
---------
Shareholders Funds
503,255
435,450
---------
---------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 9 August 2024 , and are signed on behalf of the board by:
Mr S Rowbottom
Mr P Rosser
Director
Director
Company registration number: 06944241
Curve Learning and Development Limited
Notes to the Financial Statements
Year Ended 30 June 2024
1. General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bridge House, Bridge Road, Horbury, Wakefield, West Yorkshire, WF4 5NN.
2. Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue Recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income Tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible Assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial Instruments
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. Compound instruments Compound instruments comprise both a liability and an equity component. At date of issue, the fair value of the liability component is estimated using the prevailing market interest rate for a similar debt instrument. The liability component is accounted for as a financial liability. The residual is the difference between the net proceeds of issue and the liability component (at time of issue). The residual is the equity component, which is accounted for as an equity instrument. The interest expense on the liability component is calculated applying the effective interest rate for the liability component of the instrument. The difference between this amount and any repayments is added to the carrying amount of the liability in the balance sheet.
Defined Contribution Plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee Numbers
The average number of persons employed by the company during the year amounted to 19 (2023: 17 ).
5. Profit Before Taxation
Profit before taxation is stated after charging:
2024
2023
£
£
Depreciation of tangible assets
10,314
1,303
--------
-------
6. Tangible Assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 July 2023 and 30 June 2024
27,947
33,482
61,429
--------
--------
--------
Depreciation
At 1 July 2023
14,994
14,994
Charge for the year
1,943
8,371
10,314
--------
--------
--------
At 30 June 2024
16,937
8,371
25,308
--------
--------
--------
Carrying amount
At 30 June 2024
11,010
25,111
36,121
--------
--------
--------
At 30 June 2023
12,953
33,482
46,435
--------
--------
--------
7. Debtors
2024
2023
£
£
Trade debtors
167,116
165,419
Other debtors
1,971
22,824
---------
---------
169,087
188,243
---------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
7,992
5,366
Corporation tax
39,397
40,060
Social security and other taxes
38,456
37,830
Other creditors
88,153
73,003
---------
---------
173,998
156,259
---------
---------
9. Related Party Transactions
During the year, the company paid a dividend of £47,368 to its directors (2023 £48,307)
Curve Learning and Development Limited
Management Information
Year Ended 30 June 2024
The following pages do not form part of the financial statements.
Curve Learning and Development Limited
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Curve Learning and Development Limited
Year Ended 30 June 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 30 June 2024, which comprise the statement of income and retained earnings, statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
STEVE ASTBURY LTD Chartered accountants
Within Body Matters Gym Hooley Bridge Mill Bamford Road Heywood OL10 4AG
9 August 2024