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REGISTERED NUMBER: 04784003 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Learn2Soar Limited

Learn2Soar Limited (Registered number: 04784003)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Learn2Soar Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: S J Ross
Mrs R Ross





SECRETARY: S J Ross





REGISTERED OFFICE: 36A Market Street
New Mills
High Peak
SK22 4AA





REGISTERED NUMBER: 04784003 (England and Wales)





ACCOUNTANTS: DLA Chartered Accountants
36A Market Street
New Mills
High Peak
SK22 4AA

Learn2Soar Limited (Registered number: 04784003)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,957 23,950

CURRENT ASSETS
Stocks 300 625
Debtors 5 868 302
Cash at bank 11,959 41,389
13,127 42,316
CREDITORS
Amounts falling due within one year 6 3,966 23,322
NET CURRENT ASSETS 9,161 18,994
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,118

42,944

CREDITORS
Amounts falling due after more than one
year

7

7,875

9,375
NET ASSETS 19,243 33,569

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 19,241 33,567
SHAREHOLDERS' FUNDS 19,243 33,569

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 23 September 2024 and were signed on its behalf by:





S J Ross - Director


Learn2Soar Limited (Registered number: 04784003)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Learn2Soar 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
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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 2 (2023 - 2 ) .

Learn2Soar Limited (Registered number: 04784003)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2023 1,370 1,592 2,002
Additions - - -
At 30 June 2024 1,370 1,592 2,002
DEPRECIATION
At 1 July 2023 - 699 1,963
Charge for year - 361 20
At 30 June 2024 - 1,060 1,983
NET BOOK VALUE
At 30 June 2024 1,370 532 19
At 30 June 2023 1,370 893 39

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 32,160 28,886 66,010
Additions - 907 907
At 30 June 2024 32,160 29,793 66,917
DEPRECIATION
At 1 July 2023 14,070 25,328 42,060
Charge for year 4,523 1,996 6,900
At 30 June 2024 18,593 27,324 48,960
NET BOOK VALUE
At 30 June 2024 13,567 2,469 17,957
At 30 June 2023 18,090 3,558 23,950

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 319 302
Tax 549 -
868 302

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 1,500 1,500
Tax - 549
Social security and other taxes 206 -
VAT 607 4,123
Directors' current accounts 377 15,928
Accrued expenses 1,276 1,222
3,966 23,322

Learn2Soar Limited (Registered number: 04784003)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans - 1-2 years 1,500 1,500
Bank loans - 2-5 years 4,500 4,500
Bank loans more 5 yr by instal 1,875 3,375
7,875 9,375

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,875 3,375