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LAUNCH 2 LEARNING LTD

Registered Number
10263773
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

LAUNCH 2 LEARNING LTD
Company Information
for the year from 1 September 2023 to 31 August 2024

Directors

KNOWLES-GREANEY, Alison Elizabeth
WYKES, Ann Maria
WYKES, Steven Paul

Registered Address

The Dutch Barn Bremhill Grove Farm
East Tytherton
Chippenham
SN15 4LX

Registered Number

10263773 (England and Wales)
LAUNCH 2 LEARNING LTD
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets314,9466,763
14,9466,763
Current assets
Debtors267,36255,382
Cash at bank and on hand309,045225,965
576,407281,347
Creditors amounts falling due within one year4(384,714)(132,141)
Net current assets (liabilities)191,693149,206
Total assets less current liabilities206,639155,969
Creditors amounts falling due after one year5(27,216)(32,800)
Provisions for liabilities6(3,737)(1,691)
Net assets175,686121,478
Capital and reserves
Called up share capital104104
Profit and loss account175,582121,374
Shareholders' funds175,686121,478
The financial statements were approved and authorised for issue by the Board of Directors on 30 November 2024, and are signed on its behalf by:
KNOWLES-GREANEY, Alison Elizabeth
Director
WYKES, Ann Maria
Director

Registered Company No. 10263773
LAUNCH 2 LEARNING LTD
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year3619
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 September 239,5819,581
Additions12,07212,072
At 31 August 2421,65321,653
Depreciation and impairment
At 01 September 232,8182,818
Charge for year3,8893,889
At 31 August 246,7076,707
Net book value
At 31 August 2414,94614,946
At 31 August 236,7636,763
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables13,0703,171
Bank borrowings and overdrafts5,4565,190
Taxation and social security183,95798,973
Other creditors-2,836
Accrued liabilities and deferred income182,23121,971
Total384,714132,141
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts27,21632,800
Total27,21632,800
6.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)3,7371,691
Total3,7371,691