Company Registration No. 13411112 (England and Wales)
Explosive Learning Ltd
Unaudited accounts
for the year ended 31 May 2024
Explosive Learning Ltd
Unaudited accounts
Contents
Explosive Learning Ltd
Company Information
for the year ended 31 May 2024
Director
Johnathan Reynolds
Company Number
13411112 (England and Wales)
Registered Office
3 Lower Bevendean Avenue
Brighton
BN2 4FE
England
Accountants
Collective Concepts Accounting Ltd
Explosive Learning Ltd
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
4,818
113
Creditors: amounts falling due within one year
(36,250)
(26,377)
Net current assets/(liabilities)
60
(12,735)
Net assets/(liabilities)
351
(12,341)
Called up share capital
100
100
Profit and loss account
251
(12,441)
Shareholders' funds
351
(12,341)
For the year ending 31 May 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 February 2025 and were signed on its behalf by
Johnathan Reynolds
Director
Company Registration No. 13411112
Explosive Learning Ltd
Notes to the Accounts
for the year ended 31 May 2024
Explosive Learning Ltd is a private company, limited by shares, registered in England and Wales, registration number 13411112. The registered office is 3 Lower Bevendean Avenue, , Brighton, BN2 4FE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 May 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
3 years - Straight line
Computer equipment
3 years - Straight line
The financial statement have been prepared on a going concern basis on the grounds that the Director have confirmed they will
continue to support the company.
Explosive Learning Ltd
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2023
400
780
1,180
At 31 May 2024
518
970
1,488
At 1 June 2023
266
520
786
Charge for the year
135
276
411
At 31 May 2024
401
796
1,197
At 31 May 2024
117
174
291
At 31 May 2023
134
260
394
Amounts falling due within one year
Other debtors
31,492
13,529
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
35,110
25,237
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Mr Johnathan Reynolds
13,529
67,575
50,050
31,054
13,529
67,575
50,050
31,054
At the year end the company was due £31,054 (2023: £13,529) from Director. The loan has subject to statutory rate of interest and it's to be repayable on demand.
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Average number of employees
During the year the average number of employees was 1 (2023: 1).