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REGISTERED NUMBER: 09274875 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Bedrock Learning Ltd

Bedrock Learning Ltd (Registered number: 09274875)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bedrock Learning Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr O Stevens
Mr A Leary
Mrs O Leary





REGISTERED OFFICE: 17 Queens Lane
Newcastle upon Tyne
Tyne and Wear
NE1 1RN





REGISTERED NUMBER: 09274875 (England and Wales)





ACCOUNTANTS: S&W Partners (Newcastle) Limited
17 Queens Lane
Newcastle upon Tyne
Tyne and Wear
NE1 1RN

Bedrock Learning Ltd (Registered number: 09274875)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 1,293,765 1,156,201
Tangible assets 6 128,189 72,922
1,421,954 1,229,123

CURRENT ASSETS
Debtors 7 526,756 508,529
Cash at bank 1,328,724 1,555,460
1,855,480 2,063,989
CREDITORS
Amounts falling due within one year 8 (2,771,716 ) (2,927,069 )
NET CURRENT LIABILITIES (916,236 ) (863,080 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

505,718

366,043

CREDITORS
Amounts falling due after more than one
year

9

(20,768

)

(50,001

)

PROVISIONS FOR LIABILITIES (30,952 ) -
NET ASSETS 453,998 316,042

CAPITAL AND RESERVES
Called up share capital 125 125
Share premium 158,685 158,685
Profit and loss account 295,188 157,232
453,998 316,042

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by:





Mr O Stevens - Director


Bedrock Learning Ltd (Registered number: 09274875)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Bedrock Learning Ltd 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. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover comprises of sales of a subscription service, this is recognised on a straight line basis over the length of the subscription.

Subscriptions which relate to later periods are deferred and released to turnover over the period they relate to.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 25% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments on non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.


Bedrock Learning Ltd (Registered number: 09274875)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. ACCOUNTING POLICIES - continued
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities and other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Current and deferred tax assets and liabilities are not discounted.

Leasing
Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the term of the lease.

Employee benefits
Short term employee benefits, including contributions to defined contribution plans are recognised as an expense in the period in which they are incurred.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 32 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2023 1,793,474
Additions 567,716
At 31 August 2024 2,361,190
AMORTISATION
At 1 September 2023 637,273
Charge for year 430,152
At 31 August 2024 1,067,425
NET BOOK VALUE
At 31 August 2024 1,293,765
At 31 August 2023 1,156,201

Bedrock Learning Ltd (Registered number: 09274875)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 114,261
Additions 85,722
At 31 August 2024 199,983
DEPRECIATION
At 1 September 2023 41,339
Charge for year 30,455
At 31 August 2024 71,794
NET BOOK VALUE
At 31 August 2024 128,189
At 31 August 2023 72,922

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 426,338 470,664
Other debtors 100,418 37,865
526,756 508,529

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 28,770 27,543
Trade creditors 99,036 44,158
Taxation and social security 177,859 205,745
Other creditors 2,466,051 2,649,623
2,771,716 2,927,069

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 20,768 50,001

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
Mrs O L Leary
Balance outstanding at start of year 141 141
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 141 141

Mr A S Leary
Balance outstanding at start of year 26,562 24,947
Amounts advanced 60,996 8,481
Amounts repaid (9,650 ) (6,866 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 77,908 26,562

Bedrock Learning Ltd (Registered number: 09274875)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

The above loan has an interest charge of 2.5% and is unsecured and repayable on demand.