LEARNING ABILITIES CIC

Company limited by guarantee

Company Registration Number:
14898940 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 29 May 2023

End date: 31 May 2024

LEARNING ABILITIES CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

LEARNING ABILITIES CIC

Directors' report period ended 31 May 2024

The directors present their report with the financial statements of the company for the period ended 31 May 2024

Directors

The director shown below has held office during the period of
2 June 2023 to 31 May 2024

Mr Daniel Ricardo


The directors shown below have held office during the period of
31 May 2023 to 31 May 2024

Mr Justin Pallister
Mr Gerhardus Smith


The director shown below has held office during the whole of the period from
29 May 2023 to 31 May 2024

Ms Heidi Smith


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
7 February 2025

And signed on behalf of the board by:
Name: Mr Gerhardus Smith
Status: Director

LEARNING ABILITIES CIC

Balance sheet

As at 31 May 2024

Notes 2024


£
Current assets
Cash at bank and in hand: 1,664
Total current assets: 1,664
Creditors: amounts falling due within one year: 3 ( 9,064 )
Net current assets (liabilities): (7,400)
Total assets less current liabilities: (7,400)
Total net assets (liabilities): (7,400)
Members' funds
Profit and loss account: (7,400)
Total members' funds: ( 7,400)

The notes form part of these financial statements

LEARNING ABILITIES CIC

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 7 February 2025
and signed on behalf of the board by:

Name: Mr Gerhardus Smith
Status: Director

The notes form part of these financial statements

LEARNING ABILITIES CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

LEARNING ABILITIES CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024
    Average number of employees during the period 4

LEARNING ABILITIES CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Creditors: amounts falling due within one year note

2024
£
Taxation and social security 363
Accruals and deferred income 1,346
Other creditors 7,355
Total 9,064

COMMUNITY INTEREST ANNUAL REPORT

LEARNING ABILITIES CIC

Company Number: 14898940 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

Learning Abilities CIC have supported over 30 adults with learning disabilities, difficulties and or Autism in their search for employment. Everything from helping to create CV’s, applying for employment, support with preparing for interviews, help with benefits enquiries and other issues. We have supported nine of these adults into work within their first few weeks and four have required permanent support. We have begun three social groups, two in Sunderland and one within East Durham. These are well attended and focus on breaking down social isolation and improving mental wellbeing. We have run two enterprise projects creating microbusiness’ building up client confidence and improving employability skills such as teamwork, speaking and listening. Our staff base has grown to 4 directors, three volunteers and 6 part time staff.

Consultation with stakeholders

Consultation with clients and families identified a need for more social activities to combat social isolation and loneliness.

Directors' remuneration

Director remuneration were £1976.80

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
10 February 2025

And signed on behalf of the board by:
Name: G T J Smith
Status: Director