Silverfin false false 30/06/2024 01/07/2023 30/06/2024 G Cook 15/02/2022 G Cox 15/02/2022 M Hayes 14/06/2024 09/08/2022 C Sloey 14/06/2024 09/08/2022 27 March 2025 The principal activity of the company during the year was that of designing and selling software and licences to access and use online training activities. SC723196 2024-06-30 SC723196 bus:Director1 2024-06-30 SC723196 bus:Director2 2024-06-30 SC723196 bus:Director3 2024-06-30 SC723196 bus:Director4 2024-06-30 SC723196 2023-06-30 SC723196 core:CurrentFinancialInstruments 2024-06-30 SC723196 core:CurrentFinancialInstruments 2023-06-30 SC723196 core:ShareCapital 2024-06-30 SC723196 core:ShareCapital 2023-06-30 SC723196 core:RetainedEarningsAccumulatedLosses 2024-06-30 SC723196 core:RetainedEarningsAccumulatedLosses 2023-06-30 SC723196 core:OtherResidualIntangibleAssets 2023-06-30 SC723196 core:OtherResidualIntangibleAssets 2024-06-30 SC723196 bus:OrdinaryShareClass1 2024-06-30 SC723196 bus:OrdinaryShareClass2 2024-06-30 SC723196 bus:OrdinaryShareClass3 2024-06-30 SC723196 2023-07-01 2024-06-30 SC723196 bus:FilletedAccounts 2023-07-01 2024-06-30 SC723196 bus:SmallEntities 2023-07-01 2024-06-30 SC723196 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 SC723196 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC723196 bus:Director1 2023-07-01 2024-06-30 SC723196 bus:Director2 2023-07-01 2024-06-30 SC723196 bus:Director3 2023-07-01 2024-06-30 SC723196 bus:Director4 2023-07-01 2024-06-30 SC723196 core:OtherResidualIntangibleAssets core:TopRangeValue 2023-07-01 2024-06-30 SC723196 2022-07-01 2023-06-30 SC723196 core:OtherResidualIntangibleAssets 2023-07-01 2024-06-30 SC723196 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 SC723196 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 SC723196 bus:OrdinaryShareClass2 2023-07-01 2024-06-30 SC723196 bus:OrdinaryShareClass2 2022-07-01 2023-06-30 SC723196 bus:OrdinaryShareClass3 2023-07-01 2024-06-30 SC723196 bus:OrdinaryShareClass3 2022-07-01 2023-06-30 SC723196 1 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC723196 (Scotland)

EXPERIENTIAL LEARNING TOOLS LTD.

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH THE REGISTRAR

EXPERIENTIAL LEARNING TOOLS LTD.

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024

Contents

EXPERIENTIAL LEARNING TOOLS LTD.

BALANCE SHEET

AS AT 30 JUNE 2024
EXPERIENTIAL LEARNING TOOLS LTD.

BALANCE SHEET (continued)

AS AT 30 JUNE 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 29,167 32,667
29,167 32,667
Current assets
Debtors 4 3,167 709
Cash at bank and in hand 2,751 12,519
5,918 13,228
Creditors: amounts falling due within one year 5 ( 20,724) ( 37,758)
Net current liabilities (14,806) (24,530)
Total assets less current liabilities 14,361 8,137
Net assets 14,361 8,137
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 14,261 8,037
Total shareholder's funds 14,361 8,137

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Experiential Learning Tools Ltd. (registered number: SC723196) were approved and authorised for issue by the Board of Directors on 27 March 2025. They were signed on its behalf by:

G Cook
Director
EXPERIENTIAL LEARNING TOOLS LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
EXPERIENTIAL LEARNING TOOLS LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Experiential Learning Tools Ltd. (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 2 Darluith Park, Brookfield, Johnstone, PA5 8DD, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The prior reporting period covered 17 months from incorporation on 15 February 2022 to the first reporting period end of 30 June 2023. The current reporting period covers 12 months from 1 July 2023 to 30 June 2024. Therefore, the comparatives are not entirely comparable.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 10 years straight line
Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors band loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 July 2023 35,000 35,000
At 30 June 2024 35,000 35,000
Accumulated amortisation
At 01 July 2023 2,333 2,333
Charge for the financial year 3,500 3,500
At 30 June 2024 5,833 5,833
Net book value
At 30 June 2024 29,167 29,167
At 30 June 2023 32,667 32,667

4. Debtors

2024 2023
£ £
Trade debtors 1,116 679
Other debtors 2,051 30
3,167 709

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 225 0
Taxation and social security 1,461 2,716
Other creditors 19,038 35,042
20,724 37,758

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
70 Ordinary A shares of £ 1.00 each 70 70
15 Ordinary B shares of £ 1.00 each 15 15
15 Ordinary C shares of £ 1.00 each 15 15
100 100

7. Related party transactions

Other related party transactions

2024 2023
£ £
Amounts owed to related parties 17,038 33,542

Amounts included above are unsecured, interest free, and repayable on demand.

8. Ultimate controlling party

The immediate parent company is RSVP Design Limited (SC253981) and its registered office is 2 Darluith Park, Brookfield, Johnstone, Renfrewshire, PA5 8DD. The ultimate parent company is SGA (Scotland) Holdings Limited and its registered office is 2 Darluith Park, Brookfield, Johnstone, Renfrewshire, PA5 8DD