IRIS Accounts Production v24.1.0.578 08578126 Board of Directors 1.8.23 31.7.24 31.7.24 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh085781262023-07-31085781262024-07-31085781262023-08-012024-07-31085781262022-07-31085781262022-08-012023-07-31085781262023-07-3108578126ns15:EnglandWales2023-08-012024-07-3108578126ns14:PoundSterling2023-08-012024-07-3108578126ns10:Director12023-08-012024-07-3108578126ns10:CompanyLimitedByGuarantee2023-08-012024-07-3108578126ns10:SmallEntities2023-08-012024-07-3108578126ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3108578126ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3108578126ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3108578126ns10:FullAccounts2023-08-012024-07-3108578126ns10:Director22023-08-012024-07-3108578126ns10:RegisteredOffice2023-08-012024-07-3108578126ns5:CurrentFinancialInstruments2024-07-3108578126ns5:CurrentFinancialInstruments2023-07-3108578126ns5:RetainedEarningsAccumulatedLosses2024-07-3108578126ns5:RetainedEarningsAccumulatedLosses2023-07-3108578126ns5:FurnitureFittings2023-07-3108578126ns5:FurnitureFittings2023-08-012024-07-3108578126ns5:FurnitureFittings2024-07-3108578126ns5:FurnitureFittings2023-07-3108578126ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-07-3108578126ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-31
REGISTERED NUMBER: 08578126 (England and Wales)









Report of the Directors and

Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Unloc Learning Limited

Unloc Learning Limited (Registered number: 08578126)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 4


Unloc Learning Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: B T L Dowling
H B Taylor





REGISTERED OFFICE: Upper Second Floor
Portsmouth Guildhall
Guildhall Square
Portsmouth
Hampshire
PO1 2AB





REGISTERED NUMBER: 08578126 (England and Wales)





ACCOUNTANTS: A J Wheeler Limited
338 London Road
Portsmouth
Hampshire
PO2 9JY

Unloc Learning Limited (Registered number: 08578126)

Report of the Directors
for the Year Ended 31 July 2024

The directors present their report with the financial statements of the company for the year ended 31 July 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 August 2023 to the date of this report.

B T L Dowling
H B Taylor

GENERAL RESERVES POLICY
This is the General Reserves Policy document as adopted by the Unloc Leadership Board on
Friday 28th January 2022 and will be reviewed within two years of this date.

Policy Statement

Unloc aims to be a sustainable organisation, as such Unloc aims to build up financial reserves in
order to withstand sudden and unexpected changes in Unloc’s income and/or operating
environment by providing a suitable financial buffer to enable the organisation’s leadership
time to react and adapt to the circumstances.

This policy sets out our policy for general (free) reserves, which are defined as unrestricted
funds excluding fixed assets and designated funds essential to maintaining our contractual
responsibilities.

Context & Beneficiaries

Unloc operates under a mixed funding model, seeking to gain revenue from multiple sources,
including traded services whereby a single client pays for a specific service, grants from
governmental bodies, grants or sponsorship from corporate entities, grants from other
charitable grant-making organisations. All income is directly linked to the delivery of
vocational education and training experiences, as defined in Unloc’s Articles of Association.
The beneficiaries of Unloc’s work are the young people and institutions Unloc directly works
with as part of Unloc’s mission to empower young people to be innovative changemakers who
seek to build stronger communities and sustainable businesses. See Unloc’s Annual Impact
Report for more information.

General Reserves

In order to manage risk and maintain our ability to respond to changing environments, Unloc’s
Board of Directors have determined that our General Reserve range should be set on the basis
of a minimum of 1 months operating costs, and a maximum of 12 months operating costs.
Operating costs are calculated by establishing the budget required to deliver our contractual
responsibilities; including staffing, essential overheads and direct project related costs.
For simplicity, our general reserves are held in a separate bank account, and upon completion
of the financial year, any operating surplus is moved to this reserves account.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





H B Taylor - Director


8 January 2025

Unloc Learning Limited (Registered number: 08578126)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,436 34,372

CURRENT ASSETS
Debtors 5 145,162 25,970
Cash at bank 337,511 376,350
482,673 402,320
CREDITORS
Amounts falling due within one year 6 271,296 205,579
NET CURRENT ASSETS 211,377 196,741
TOTAL ASSETS LESS CURRENT
LIABILITIES

251,813

231,113

RESERVES
Income and expenditure account 251,813 231,113
251,813 231,113

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 surplus or deficit 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 8 January 2025 and were signed on its behalf by:





H B Taylor - Director


Unloc Learning Limited (Registered number: 08578126)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Unloc Learning Limited is a private company, limited by guarantee , 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.

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 NIL (2023 - 28 ).

Unloc Learning Limited (Registered number: 08578126)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2023 50,001
Additions 17,766
Disposals (8,423 )
At 31 July 2024 59,344
DEPRECIATION
At 1 August 2023 15,629
Charge for year 7,135
Eliminated on disposal (3,856 )
At 31 July 2024 18,908
NET BOOK VALUE
At 31 July 2024 40,436
At 31 July 2023 34,372

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 142,662 23,470
Other debtors 2,500 2,500
145,162 25,970

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 15,527 5,887
Other creditors 255,769 199,692
271,296 205,579