Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31false2023-06-01false10No description of principal activity10truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04438705 2023-06-01 2024-05-31 04438705 2022-06-01 2023-05-31 04438705 2024-05-31 04438705 2023-05-31 04438705 c:CompanySecretary1 2023-06-01 2024-05-31 04438705 c:Director1 2023-06-01 2024-05-31 04438705 c:Director2 2023-06-01 2024-05-31 04438705 c:Director3 2023-06-01 2024-05-31 04438705 c:RegisteredOffice 2023-06-01 2024-05-31 04438705 d:Buildings d:LongLeaseholdAssets 2023-06-01 2024-05-31 04438705 d:Buildings d:LongLeaseholdAssets 2024-05-31 04438705 d:Buildings d:LongLeaseholdAssets 2023-05-31 04438705 d:PlantMachinery 2023-06-01 2024-05-31 04438705 d:PlantMachinery 2024-05-31 04438705 d:PlantMachinery 2023-05-31 04438705 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 04438705 d:FurnitureFittings 2023-06-01 2024-05-31 04438705 d:FurnitureFittings 2024-05-31 04438705 d:FurnitureFittings 2023-05-31 04438705 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 04438705 d:ComputerEquipment 2023-06-01 2024-05-31 04438705 d:ComputerEquipment 2024-05-31 04438705 d:ComputerEquipment 2023-05-31 04438705 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 04438705 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 04438705 d:CurrentFinancialInstruments 2024-05-31 04438705 d:CurrentFinancialInstruments 2023-05-31 04438705 d:Non-currentFinancialInstruments 2024-05-31 04438705 d:Non-currentFinancialInstruments 2023-05-31 04438705 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 04438705 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 04438705 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 04438705 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 04438705 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-05-31 04438705 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 04438705 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-05-31 04438705 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 04438705 d:ShareCapital 2024-05-31 04438705 d:ShareCapital 2023-05-31 04438705 d:CapitalRedemptionReserve 2024-05-31 04438705 d:CapitalRedemptionReserve 2023-05-31 04438705 d:RetainedEarningsAccumulatedLosses 2024-05-31 04438705 d:RetainedEarningsAccumulatedLosses 2023-05-31 04438705 c:FRS102 2023-06-01 2024-05-31 04438705 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 04438705 c:FullAccounts 2023-06-01 2024-05-31 04438705 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 04438705 d:HirePurchaseContracts d:WithinOneYear 2024-05-31 04438705 d:HirePurchaseContracts d:WithinOneYear 2023-05-31 04438705 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-05-31 04438705 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-05-31 04438705 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Company registration number: 04438705







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2024


LEARN TO DREAM LIMITED






































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LEARN TO DREAM LIMITED
 


 
COMPANY INFORMATION


Directors
S A Reeves 
S Hart 
C Beecher 




Company secretary
T Nash



Registered number
04438705



Registered office
Richmond House
Walkern Road

Stevenage

SG1 3QP




Accountants
Menzies LLP
Chartered Accountants

Richmond House

Walkern Road

Stevenage

SG1 3QP





 


LEARN TO DREAM LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 9


 


LEARN TO DREAM LIMITED
REGISTERED NUMBER:04438705



STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
97,421
128,199

  
97,421
128,199

Current assets
  

Stocks
  
10,000
5,000

Debtors: amounts falling due within one year
 5 
777,604
786,901

Bank and cash balances
  
22,149
116,881

  
809,753
908,782

Creditors: amounts falling due within one year
 6 
(653,592)
(616,112)

Net current assets
  
 
 
156,161
 
 
292,670

Total assets less current liabilities
  
253,582
420,869

Creditors: amounts falling due after more than one year
 7 
(228,952)
(381,963)

Provisions for liabilities
  

Deferred Taxation
  
(19,851)
(23,694)

  
 
 
(19,851)
 
 
(23,694)

Net assets
  
4,779
15,212


Capital and reserves
  

Called up share capital 
  
750
750

Capital redemption reserve
  
250
250

Profit and loss account
  
3,779
14,212

  
4,779
15,212


Page 1

 


LEARN TO DREAM LIMITED
REGISTERED NUMBER:04438705


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024

The directors consider 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 directors acknowledge their 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: 




................................................
S Hart
Director

Date: 16 April 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 


LEARN TO DREAM LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Learn to Dream Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the company information page.
The presentation currency of the financial statements is the Pound Sterling (£).

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Page 3

 


LEARN TO DREAM LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss 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 reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

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.

Page 4

 


LEARN TO DREAM LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
10%
Plant and machinery
-
15%
Fixtures and fittings
-
15%
Computer equipment
-
15%

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.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2023 - 10).

Page 5

 


LEARN TO DREAM LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 June 2023
143,252
774,831
10,688
76,192
1,004,963


Additions
-
6,600
-
-
6,600



At 31 May 2024

143,252
781,431
10,688
76,192
1,011,563



Depreciation


At 1 June 2023
115,795
678,809
10,688
71,472
876,764


Charge for the year on owned assets
14,326
21,389
-
1,663
37,378



At 31 May 2024

130,121
700,198
10,688
73,135
914,142



Net book value



At 31 May 2024
13,131
81,233
-
3,057
97,421



At 31 May 2023
27,457
96,022
-
4,720
128,199


5.


Debtors

2024
2023
£
£


Trade debtors
534,443
723,983

Amounts owed by connected undertaking
150,000
-

Other debtors
27,183
43,418

Prepayments and accrued income
5,115
4,500

Amounts recoverable on long-term contracts
51,689
15,000

Tax recoverable
9,174
-

777,604
786,901


Page 6

 


LEARN TO DREAM LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
156,613
112,513

Trade creditors
212,945
202,001

Corporation tax
133,364
88,709

Other taxation and social security
65,375
90,482

Obligations under finance lease and hire purchase contracts
11,637
10,999

Other creditors
70,658
106,158

Accruals and deferred income
3,000
5,250

653,592
616,112


The following liabilities were secured:

2024
2023
£
£



Bank loans
156,613
112,513

Other creditors
70,658
106,158

227,271
218,671

Details of security provided:

Bank loans, along with invoice discounting liabilities, are secured by way of fixed and floating charges over the assets of the company.

Page 7

 


LEARN TO DREAM LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
225,853
366,553

Net obligations under finance leases and hire purchase contracts
3,099
15,410

228,952
381,963


The following liabilities were secured:

2024
2023
£
£



Bank loans
225,853
366,553

225,853
366,553

Details of security provided:

Bank loans, along with invoice discounting liabilities, are secured by way of fixed and floating charges over the assets of the company.


8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
156,613
112,513


156,613
112,513

Amounts falling due 1-2 years

Bank loans
34,894
112,513


34,894
112,513

Amounts falling due 2-5 years

Bank loans
190,959
254,040


190,959
254,040


382,466
479,066


Page 8

 


LEARN TO DREAM LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
11,637
10,999

Between 1-5 years
3,099
15,410

14,736
26,409


10.


Transactions with directors

At the balance sheet date the directors owed £27,183 (2023: £43,418) to the company. The balance can be found within debtors due within one year.
Included within debtors amounts falling due within one year is an amount of £150,000 (2023: NIL) due from a connected undertaking. This amount is free of interest.

 
Page 9