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REGISTERED NUMBER: 08079728 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

ASD LEARNING (MIDLANDS) LTD

ASD LEARNING (MIDLANDS) LTD (REGISTERED NUMBER: 08079728)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ASD LEARNING (MIDLANDS) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: P Hoppenbrouwers
D M Cowell
G A Gosden
N Lamjav





SECRETARY: P Hoppenbrouwers





REGISTERED OFFICE: 42-46 Harmer Street
GRAVESEND
Kent
DA12 2AX





REGISTERED NUMBER: 08079728 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

ASD LEARNING (MIDLANDS) LTD (REGISTERED NUMBER: 08079728)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 49,077 45,262

CURRENT ASSETS
Debtors 5 603,322 651,019
Cash at bank and in hand 982,256 637,610
1,585,578 1,288,629
CREDITORS
Amounts falling due within one year 6 (146,954 ) (143,119 )
NET CURRENT ASSETS 1,438,624 1,145,510
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,487,701

1,190,772

PROVISIONS FOR LIABILITIES (10,105 ) (8,782 )
NET ASSETS 1,477,596 1,181,990

CAPITAL AND RESERVES
Called up share capital 10,041 10,041
Retained earnings 1,467,555 1,171,949
1,477,596 1,181,990

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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 13 October 2024 and were signed on its behalf by:



P Hoppenbrouwers - Director


ASD LEARNING (MIDLANDS) LTD (REGISTERED NUMBER: 08079728)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

ASD Learning (Midlands) Ltd 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.

Turnover
School fee income is recognized as revenue over the period in which the educational services are provided. This aligns with the principle that revenue should be recognized when it is earned and when the performance obligations are satisfied.

Fees received in advance of the provision of educational services are recorded as deferred revenue. This deferred revenue is then recognized as income over the period in which the related educational services are delivered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 33% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

ASD LEARNING (MIDLANDS) LTD (REGISTERED NUMBER: 08079728)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2023 - 35 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 117,940
Additions 16,675
At 31 July 2024 134,615
DEPRECIATION
At 1 August 2023 72,678
Charge for year 12,860
At 31 July 2024 85,538
NET BOOK VALUE
At 31 July 2024 49,077
At 31 July 2023 45,262

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,769 59,022
Amounts owed by group undertakings 579,037 579,037
Other debtors 11,516 12,960
603,322 651,019

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,235 87,702
Amounts owed to group undertakings 10,732 10,732
Taxation and social security 121,670 36,733
Other creditors 9,317 7,952
146,954 143,119

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 13,000 -
Between one and five years 10,833 -
23,833 -

ASD LEARNING (MIDLANDS) LTD (REGISTERED NUMBER: 08079728)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

8. RELATED PARTY DISCLOSURES

ASD Learning Limited
On 24 May 2023 the company became a member of a group which contains ASD Schools Limited. During the year £551 (2023 - £551) of costs were incurred on behalf of ASD Learning Limited. ASD Learning Ltd incurred costs on behalf of ASD Learning (Midlands) Ltd of £52,593 (2023 - £80,735). As at 31 July 2023 the company owed ASD Learning Limited £10,732 (2023 - £90,406).

ALP Education Group Limited
On 1 August 2020 the company became a member of a group in which ALP Education Group Limited is the ultimate parent. There were no management recharges (2023 - £10,000) made by ALP Education Group Limited.

As at the year-end £516,253 (2023- 516,253) was owed by ALP Education Group Limited.

ALP Schools Limited
On 1 August 2020 the company became a member of a group which contains ALP Schools Limited. During the year the company incurred costs on behalf of ALP Schools Limited of £25,000 (2023- £64,138).

As at the year-end £62,784 (2023- £126,921) was owed by ALP Schools Limited.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is ALP Education Group Ltd.