LOOK AND LEARN LIMITED

Company Registration Number:
05294671 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

LOOK AND LEARN LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

LOOK AND LEARN LIMITED

Balance sheet

As at 30 June 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 17,663 23,013
Tangible assets: 4 805 2,255
Total fixed assets: 18,468 25,268
Current assets
Debtors: 5 279,648 285,476
Cash at bank and in hand: 28,271 30,516
Total current assets: 307,919 315,992
Creditors: amounts falling due within one year:   (652,930) (650,853)
Net current assets (liabilities): (345,011) (334,861)
Total assets less current liabilities: (326,543) (309,593)
Total net assets (liabilities): (326,543) (309,593)
Capital and reserves
Called up share capital: 57,500 57,500
Share premium account: 517,500 517,500
Profit and loss account: (901,543) (884,593)
Shareholders funds: (326,543) (309,593)

The notes form part of these financial statements

LOOK AND LEARN LIMITED

Balance sheet statements

For the year ending 30 June 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

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

This report was approved by the board of directors on 31 March 2025
and signed on behalf of the board by:

Name: Laurence Heyworth
Status: Director

The notes form part of these financial statements

LOOK AND LEARN LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

1. Accounting policies

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

Turnover policy

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably

Tangible fixed assets and depreciation policy

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management Depreciation is provided on the following basis Fixtures & fittings Straight line over three years

Intangible fixed assets and amortisation policy

Intellectual Property Rights and Licences are stated at cost less amortisation. Amortisation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows 2.4. Intangible Assets Look and Learn Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05294671. The registered office is Office 370, 19-21 Crawford Street, London, W1H 1PJ. The company's principal activity during the year was that of an educational picture library. Amortisation is provided at the following rates: Intellectual Property Rights Straight Line Method over twenty years

Valuation and information policy

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Other accounting policies

Basis of Preparation of Financial Statements The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. Going Concern The accounts have been prepared on a going concern basis despite the company reporting net current liabilities of 345,011 (2023: 334,861) and net liabilities of 326,544 (2023: 309,593) at 30 June 2024. L. Heyworth, the director of the company, has confirmed that he will continue to provide all necessary finance in order for the company to meet its liabilities for the foreseeable future.

LOOK AND LEARN LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

LOOK AND LEARN LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Intangible Assets

Total
Cost £
At 01 July 2023 120,890
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 30 June 2024 120,890
Amortisation
At 01 July 2023 97,877
Charge for year 5,350
At 30 June 2024 103,227
Net book value
At 30 June 2024 17,663
At 30 June 2023 23,013

LOOK AND LEARN LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Tangible Assets

Total
Cost £
At 01 July 2023 37,519
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 30 June 2024 37,519
Depreciation
At 01 July 2023 35,264
Charge for year 1,450
At 30 June 2024 36,714
Net book value
At 30 June 2024 805
At 30 June 2023 2,255

LOOK AND LEARN LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Debtors

2024 2023
££
Debtors due after more than one year: 273,017 279,000

LOOK AND LEARN LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

6. Related party transactions

Name of the related party:
Relationship:
Director
Description of the Transaction: During the year L. Heyworth, a director of the company, made payments on behalf of the company totalling £28,771 (2023: £16,652). The company repaid £25,770 (2023: £29,997) to L. Heyworth during the year. The amount due to L. Heyworth as at 30 June 2024 was £635,948 (2023: £632,947). This loan is repayable on demand and non-interest bearing
£
Balance at 01 July 2023 632,947
Balance at 30 June 2024 635,948