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REGISTERED NUMBER: 04251518 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Learning Industries Limited

Learning Industries Limited (Registered number: 04251518)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Learning Industries Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: RM Lloyd
CJ Moore





REGISTERED OFFICE: 2 Maes Trawscoed
Bridgend
Mid Glamorgan
CF31 5AT





REGISTERED NUMBER: 04251518 (England and Wales)





ACCOUNTANTS: DHB Accountants Limited
Chartered Accountants
Statutory Auditors
110 Whitchurch Road
Cardiff
CF14 3LY

Learning Industries Limited (Registered number: 04251518)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,244 1,024

CURRENT ASSETS
Debtors 5 2,232 1,248
Cash at bank 39,539 11,054
41,771 12,302
CREDITORS
Amounts falling due within one year 6 16,776 (4,664 )
NET CURRENT ASSETS 24,995 16,966
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,239

17,990

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 26,237 17,988
SHAREHOLDERS' FUNDS 26,239 17,990

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

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 20 August 2024 and were signed on its behalf by:




RM Lloyd - Director


Learning Industries Limited (Registered number: 04251518)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Learning Industries 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.

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.

The accounts have been prepared on a going concern basis which assumes the continued support of the directors and can confirm that the amounts due to the directors will not be withdrawn in preference to trade and other creditors. Accordingly no provision has been made for any losses or additional costs that might arise if the going concern concept were not appropriate. The directors are of the view that continued support of the creditors is likely and that future trading will generate enough cash flow to enable obligations to be met as they fall due.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 25% on cost

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Learning Industries Limited (Registered number: 04251518)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 34,869
Additions 749
At 31 December 2023 35,618
DEPRECIATION
At 1 January 2023 33,845
Charge for year 529
At 31 December 2023 34,374
NET BOOK VALUE
At 31 December 2023 1,244
At 31 December 2022 1,024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,232 1,248

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,358 110
Taxation and social security 4,125 (5,822 )
Other creditors 11,293 1,048
16,776 (4,664 )