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COMPANY REGISTRATION NUMBER: 05550901
Learn Play Nexus (GB) Limited
Filleted Unaudited Financial Statements
31 August 2024
Learn Play Nexus (GB) Limited
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
229,239
184,124
Current assets
Stocks
72,778
65,531
Debtors
6
222,189
662,814
Cash at bank and in hand
3,443
6,493
---------
---------
298,410
734,838
Creditors: amounts falling due within one year
7
251,885
719,176
---------
---------
Net current assets
46,525
15,662
---------
---------
Total assets less current liabilities
275,764
199,786
Creditors: amounts falling due after more than one year
8
220,975
157,038
---------
---------
Net assets
54,789
42,748
---------
---------
Capital and reserves
Called up share capital
3
3
Profit and loss account
54,786
42,745
--------
--------
Shareholders funds
54,789
42,748
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Learn Play Nexus (GB) Limited
Statement of Financial Position (continued)
31 August 2024
These financial statements were approved by the board of directors and authorised for issue on 19 May 2025 , and are signed on behalf of the board by:
Mr G R Strange
Director
Company registration number: 05550901
Learn Play Nexus (GB) Limited
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Nexus House, Lakeside Business Park, South Cerney, Cirencester, Gloucestershire, GL7 5XL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% straight line
Motor vehicles
-
25% straight line
Equipment
-
25% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Defined contribution plans
The company contributes to the pension schemes of employees in accordance with auto enrolment regulations.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 29 (2023: 19 ).
5. Tangible assets
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 September 2023
3,670
237,767
250
241,687
Additions
500
152,925
153,425
Disposals
( 60,045)
( 60,045)
-------
---------
----
---------
At 31 August 2024
4,170
330,647
250
335,067
-------
---------
----
---------
Depreciation
At 1 September 2023
3,670
53,830
63
57,563
Charge for the year
124
67,132
62
67,318
Disposals
( 19,053)
( 19,053)
-------
---------
----
---------
At 31 August 2024
3,794
101,909
125
105,828
-------
---------
----
---------
Carrying amount
At 31 August 2024
376
228,738
125
229,239
-------
---------
----
---------
At 31 August 2023
183,937
187
184,124
-------
---------
----
---------
6. Debtors
2024
2023
£
£
Trade debtors
20,593
336,365
Other debtors
201,596
326,449
---------
---------
222,189
662,814
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
4,883
4,933
Trade creditors
90,909
625,673
Social security and other taxes
21,388
9,393
Other creditors
134,705
79,177
---------
---------
251,885
719,176
---------
---------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
27,648
31,698
Other creditors
193,327
125,340
---------
---------
220,975
157,038
---------
---------
Included within creditors: amounts falling due after more than one year is an amount of £7,216 (2023: £36,631) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.