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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
Page
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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
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Explosive Learning Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
291 
394 
Current assets
Debtors
31,492 
13,529 
Cash at bank and in hand
4,818 
113 
36,310 
13,642 
Creditors: amounts falling due within one year
(36,250)
(26,377)
Net current assets/(liabilities)
60 
(12,735)
Net assets/(liabilities)
351 
(12,341)
Capital and reserves
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
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Explosive Learning Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Going concern
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.
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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 
Additions
118 
190 
308 
At 31 May 2024
518 
970 
1,488 
Depreciation
At 1 June 2023
266 
520 
786 
Charge for the year
135 
276 
411 
At 31 May 2024
401 
796 
1,197 
Net book value
At 31 May 2024
117 
174 
291 
At 31 May 2023
134 
260 
394 
5
Debtors
2024 
2023 
£ 
£ 
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 
Accruals
1,140 
1,140 
36,250 
26,377 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Johnathan Reynolds
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.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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