Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06733793 2023-07-01 2024-06-30 06733793 2022-07-01 2023-06-30 06733793 2024-06-30 06733793 2023-06-30 06733793 c:Director1 2023-07-01 2024-06-30 06733793 d:PlantMachinery 2023-07-01 2024-06-30 06733793 d:PlantMachinery 2024-06-30 06733793 d:PlantMachinery 2023-06-30 06733793 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06733793 d:CurrentFinancialInstruments 2024-06-30 06733793 d:CurrentFinancialInstruments 2023-06-30 06733793 d:Non-currentFinancialInstruments 2024-06-30 06733793 d:Non-currentFinancialInstruments 2023-06-30 06733793 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 06733793 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 06733793 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 06733793 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 06733793 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 06733793 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 06733793 d:ShareCapital 2024-06-30 06733793 d:ShareCapital 2023-06-30 06733793 d:RetainedEarningsAccumulatedLosses 2024-06-30 06733793 d:RetainedEarningsAccumulatedLosses 2023-06-30 06733793 c:FRS102 2023-07-01 2024-06-30 06733793 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 06733793 c:FullAccounts 2023-07-01 2024-06-30 06733793 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06733793 2 2023-07-01 2024-06-30 06733793 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 06733793









LEARN 2 EXCEL LIMITED







UNAUDITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
LEARN 2 EXCEL LIMITED
REGISTERED NUMBER: 06733793

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
1,794
2,689

  
1,794
2,689

Current assets
  

Debtors: amounts falling due within one year
 5 
6,055
5,581

Cash at bank and in hand
 6 
2,499
4,153

  
8,554
9,734

Creditors: amounts falling due within one year
 7 
(6,604)
(5,387)

Net current assets
  
 
 
1,950
 
 
4,347

Total assets less current liabilities
  
3,744
7,036

Creditors: amounts falling due after more than one year
 8 
(3,389)
(6,722)

  

Net assets
  
355
314


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
255
214

Total equity
  
355
314


Page 1

 
LEARN 2 EXCEL LIMITED
REGISTERED NUMBER: 06733793
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
D Ghag
Director

Date: 13 April 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
LEARN 2 EXCEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Learn 2 Excel Limited is a private company limited by shares. The company is incorporated in England & Wales and its registered office address is Aston House, Cornwall Avenue, London, N3 1LF. The registered number is 06733793.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

  
2.5

Bank loan

Bank loan includes Clydesdale bank bounce back loan. The repayments of this loan started from December 2021.

Page 3

 
LEARN 2 EXCEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

  
2.6

Taxation

Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the United Kingdom where the Company operates and generates income.

 
2.7

Taxation

Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

Tangible fixed assets

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 charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
33%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
LEARN 2 EXCEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

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 the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

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

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

Page 5

 
LEARN 2 EXCEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Plant & machinery

£



Cost or valuation


At 1 July 2023
10,071



At 30 June 2024

10,071



Depreciation


At 1 July 2023
7,381


Charge for the year on owned assets
896



At 30 June 2024

8,277



Net book value



At 30 June 2024
1,794



At 30 June 2023
2,689


5.


Debtors

2024
2023
£
£


Trade debtors
2,600
711

Other debtors
3,455
4,870

6,055
5,581



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,499
4,153


Page 6

 
LEARN 2 EXCEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
3,000
3,000

Corporation tax
37
-

Other taxation and social security
429
-

Accruals and deferred income
3,138
2,387

6,604
5,387



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
3,389
6,722



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
3,000
3,000

Amounts falling due after one year

Bank loans
3,389
6,722



6,389
9,722


 
Page 7