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REGISTERED NUMBER: 06029171 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

ASD LEARNING LIMITED

ASD LEARNING LIMITED (REGISTERED NUMBER: 06029171)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASD LEARNING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







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





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





REGISTERED NUMBER: 06029171 (England and Wales)





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

ASD LEARNING LIMITED (REGISTERED NUMBER: 06029171)

BALANCE SHEET
31 JULY 2024

2024 2023
as restated
Notes £    £   
FIXED ASSETS
Tangible assets 4 220,981 233,576

CURRENT ASSETS
Debtors 5 1,610,001 1,684,648
Cash at bank and in hand 1,359,397 1,594,761
2,969,398 3,279,409
CREDITORS
Amounts falling due within one year 6 (220,217 ) (259,988 )
NET CURRENT ASSETS 2,749,181 3,019,421
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,970,162

3,252,997

PROVISIONS FOR LIABILITIES (26,518 ) (36,981 )
NET ASSETS 2,943,644 3,216,016

CAPITAL AND RESERVES
Called up share capital 1,040 1,040
Capital redemption reserve 61 61
Retained earnings 2,942,543 3,214,915
2,943,644 3,216,016

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.

ASD LEARNING LIMITED (REGISTERED NUMBER: 06029171)

BALANCE SHEET - continued
31 JULY 2024


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 11 October 2024 and were signed on its behalf by:





P Hoppenbrouwers - Director


ASD LEARNING LIMITED (REGISTERED NUMBER: 06029171)

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

1. STATUTORY INFORMATION

ASD Learning 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.

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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office and other 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 70 (2023 - 60 ) .

ASD LEARNING LIMITED (REGISTERED NUMBER: 06029171)

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

4. TANGIBLE FIXED ASSETS
Improvements Office
to Motor and other
property vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 139,569 159,246 292,832 591,647
Additions 5,321 47,284 24,592 77,197
Disposals - (17,975 ) - (17,975 )
At 31 July 2024 144,890 188,555 317,424 650,869
DEPRECIATION
At 1 August 2023 87,561 65,802 204,708 358,071
Charge for year 11,466 39,112 29,748 80,326
Eliminated on disposal - (8,509 ) - (8,509 )
At 31 July 2024 99,027 96,405 234,456 429,888
NET BOOK VALUE
At 31 July 2024 45,863 92,150 82,968 220,981
At 31 July 2023 52,008 93,444 88,124 233,576

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 103,944 173,701
Amounts owed by group undertakings 1,477,969 1,477,969
Other debtors 28,088 32,978
1,610,001 1,684,648

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade creditors 20,504 16,335
Taxation and social security 155,997 227,262
Other creditors 43,716 16,391
220,217 259,988

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
as restated
£    £   
Within one year 18,240 75,000
Between one and five years - 240,000
In more than five years - 75,000
18,240 390,000

ASD LEARNING LIMITED (REGISTERED NUMBER: 06029171)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
as restated
£    £   
N Lamjav
Balance outstanding at start of year 2,900 3,700
Amounts repaid (838 ) (800 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,062 2,900

9. RELATED PARTY DISCLOSURES

ASD Learning (Midlands) Ltd
ASD Learning (Midlands) Ltd is in the same group as ASD Learning Limited. As at the year-end £10,731 (2023: £90,406) was owed by ASD Learning (Midlands) Ltd.

ALP Education Group Limited
ALP Education Group Limited is the parent company of ASD Learning Limited. £1,452,384 (2023: £294,000) was advanced to ALP Education Group Limited during the year. Recharges of £Nil (2023: £89,000) were incurred by the company and dividends of £1,000,000 (2023: £205,000) were voted to ALP Education Group Limited.

As at the year-end £1,458,794 (2023: £1,458,794) was owed by ALP Education Group Limited.

ALP Schools Limited
ALP Schools Limited is a company in the same group as ASD Learning Limited. As at the year-end £8,443 (2023: £8,443) was owed by ALP Schools Limited.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is ALP Education Group Limited.