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REGISTERED NUMBER: 09069529 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Peritus Learning and Development Limited

Peritus Learning and Development Limited (Registered number: 09069529)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 9

Peritus Learning and Development Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr S K Walker
Mrs J E Walker





SECRETARY: Mrs J E Walker





REGISTERED OFFICE: Pioneer Park
Dock
75 Exploration Drive
Leicester
Leicestershire
LE4 5NU





REGISTERED NUMBER: 09069529 (England and Wales)





ACCOUNTANTS: Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ

Peritus Learning and Development Limited (Registered number: 09069529)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 257,128 -
Tangible assets 5 45,204 54,346
Investments 6 1 -
302,333 54,346

CURRENT ASSETS
Debtors 7 389,810 631,785
Cash at bank and in hand 67,342 10,009
457,152 641,794
CREDITORS
Amounts falling due within one year 8 384,091 308,623
NET CURRENT ASSETS 73,061 333,171
TOTAL ASSETS LESS CURRENT
LIABILITIES

375,394

387,517

CREDITORS
Amounts falling due after more than one
year

9

(48,441

)

(67,369

)

PROVISIONS FOR LIABILITIES (1,839 ) (1,663 )
NET ASSETS 325,114 318,485

CAPITAL AND RESERVES
Called up share capital 10 80 80
Retained earnings 325,034 318,405
SHAREHOLDERS' FUNDS 325,114 318,485

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.

Peritus Learning and Development Limited (Registered number: 09069529)

Balance Sheet - continued
31 December 2023


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 17 September 2024 and were signed on its behalf by:





Mr S K Walker - Director


Peritus Learning and Development Limited (Registered number: 09069529)

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

1. STATUTORY INFORMATION

Peritus Learning and Development 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
The financial statements have been prepared under the historical cost convention.
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 below

These policies have been consistently applied to all the years presented, unless otherwise stated.

Cashflow statement exemption
The company has availed itself of the exemption contained in Section 1A of FRS 102 and as a result has elected not to prepare a cash flow statement.

Related party exemption
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.

Revenue recognition
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its
performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty.

The following criteria must also be met before revenue is recognised:

Services
Revenue and profit from training courses rendered is recognised once the contracted service has been provided.

Where revenue that has been recognised is found not to be recoverable due to a dispute with the client, these amounts are charged against the revenue recognised. Where non-recovery is as a result of inability of a client to meet its obligations, these amounts are charged to administrative expenses.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on cost


Peritus Learning and Development Limited (Registered number: 09069529)

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

2. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

Fixed asset investments
The investment in joint ventures are accounted for in accordance with the cost model and measured at cost less any accumulated impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 7 ) .

Peritus Learning and Development Limited (Registered number: 09069529)

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

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
Additions 284,313
At 31 December 2023 284,313
AMORTISATION
Amortisation for year 27,185
At 31 December 2023 27,185
NET BOOK VALUE
At 31 December 2023 257,128

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 4,107 55,600 33,610 93,317
Additions - - 2,953 2,953
At 31 December 2023 4,107 55,600 36,563 96,270
DEPRECIATION
At 1 January 2023 2,269 6,093 30,609 38,971
Charge for year 368 9,902 1,825 12,095
At 31 December 2023 2,637 15,995 32,434 51,066
NET BOOK VALUE
At 31 December 2023 1,470 39,605 4,129 45,204
At 31 December 2022 1,838 49,507 3,001 54,346

Peritus Learning and Development Limited (Registered number: 09069529)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023
and 31 December 2023 55,600
DEPRECIATION
At 1 January 2023 6,093
Charge for year 9,902
At 31 December 2023 15,995
NET BOOK VALUE
At 31 December 2023 39,605
At 31 December 2022 49,507

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 1
At 31 December 2023 1
NET BOOK VALUE
At 31 December 2023 1

The joint venture activity of the investment is that of educational support activities. The company exercises joint control as a designated member of the limited liability partnership.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 28,004 126,052
Amounts owed by group undertakings 198,979 505,083
Other debtors 162,827 650
389,810 631,785

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 139,757 130,224
Hire purchase contracts 8,788 8,788
Trade creditors 72,872 70,303
Taxation and social security 21,650 75,171
Other creditors 141,024 24,137
384,091 308,623

Peritus Learning and Development Limited (Registered number: 09069529)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 14,810 24,951
Hire purchase contracts 33,631 42,418
48,441 67,369

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
29 Ordinary B £1 29 29
51 Ordinary A £1 51 51
80 80

The holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at meetings of the company. All ordinary shares rank equally with regard to the company's residual assets.

Called-up share capital represents the nominal value of shares that have been issued.

11. PENSION COMMITMENTS

The company does not operate a defined benefit pension scheme but a defined contribution pension scheme. The company makes contributions to its pension scheme for employees, including directors when required. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £679 were due to the scheme. These are included in other creditors.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Peritus Learning and Development Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Peritus Learning and Development Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Peritus Learning and Development Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Peritus Learning and Development Limited and state those matters that we have agreed to state to the Board of Directors of Peritus Learning and Development Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Peritus Learning and Development Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Peritus Learning and Development Limited. You consider that Peritus Learning and Development Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Peritus Learning and Development Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ


17 September 2024