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REGISTERED NUMBER: SC427199 (Scotland)















UCAN LEARN.WORK.LIVE LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024






UCAN LEARN.WORK.LIVE LTD (REGISTERED NUMBER: SC427199)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UCAN LEARN.WORK.LIVE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: M Buckman
J B Fairbairn
D Campbell





REGISTERED OFFICE: 5 Willock Street
Kilmarnock
Ayrshire
KA1 4HE





REGISTERED NUMBER: SC427199 (Scotland)





ACCOUNTANTS: JRD Partnership Ltd
Chartered Accountants
11 Portland Road
Kilmarnock
Ayrshire
KA1 2BT

UCAN LEARN.WORK.LIVE LTD (REGISTERED NUMBER: SC427199)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,446 46,455

CURRENT ASSETS
Debtors 5 74,053 71,170
Cash at bank and in hand 213,029 273,506
287,082 344,676
CREDITORS
Amounts falling due within one year 6 16,549 47,447
NET CURRENT ASSETS 270,533 297,229
TOTAL ASSETS LESS CURRENT
LIABILITIES

311,979

343,684

CREDITORS
Amounts falling due after more than one year 7 (31,250 ) (36,250 )

ACCRUALS AND DEFERRED INCOME (47,237 ) (47,237 )
NET ASSETS 233,492 260,197

RESERVES
Income and expenditure account 233,492 260,197
233,492 260,197

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 surplus or deficit 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.

UCAN LEARN.WORK.LIVE LTD (REGISTERED NUMBER: SC427199)

BALANCE SHEET - continued
30TH JUNE 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th June 2025 and were signed on its behalf by:





D Campbell - Director


UCAN LEARN.WORK.LIVE LTD (REGISTERED NUMBER: SC427199)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024


1. STATUTORY INFORMATION

UCAN Learn.Work.Live Ltd is a private company, limited by guarantee , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover
Turnover represents sales of training and related services net of VAT.

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 cost, 20% on cost and 15% on reducing balance

Grants
Revenue grants are recognised as income in the accounting period in which they are rewarded and where the related conditions are substantially met. Capital grants are deferred and released as income over the estimated useful life of the related capital expenditure.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st July 2023 144,205
Additions 5,280
At 30th June 2024 149,485
DEPRECIATION
At 1st July 2023 97,750
Charge for year 10,289
At 30th June 2024 108,039
NET BOOK VALUE
At 30th June 2024 41,446
At 30th June 2023 46,455

UCAN LEARN.WORK.LIVE LTD (REGISTERED NUMBER: SC427199)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 37,000 36,000
Amounts owed by associates 31,036 29,153
Other debtors 6,017 6,017
74,053 71,170

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors - 3,398
Taxation and social security 9,617 37,127
Other creditors 1,932 1,922
16,549 47,447

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 31,250 36,250

8. LEASE COMMITMENTS

The company entered into a property lease on 1 March 2016 in respect of premises at Unit 2, 5 Willock Street, Kilmarnock.

9. RELATED PARTY DISCLOSURES

At the balance sheet date there was an amount of £31,036 due from Ucan Enterprises Ltd, a company controlled by the directors.

Management charges of £1,061,243 were charged from UCAN Enterprises Ltd during the year.

During the year, there were lease transactions involving UCAN Enterprises Ltd. In addition, there is a sublease between this entity and the company. The related accounting in respect of this lease is currently being reviewed by the directors and it currently included within the management charges figure. The lease costs in the year represent a lease commitment between the company and the landlord directly.