| REGISTERED NUMBER: |
| UCAN LEARN.WORK.LIVE LTD |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024 |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
| ACCRUALS AND DEFERRED INCOME | ( |
) | ( |
) |
| NET ASSETS |
| RESERVES |
| Income and expenditure account |
| 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 were approved by the Board of Directors and authorised for issue on |
| 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 |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents sales of training and related services net of VAT. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| 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 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1st July 2023 |
| Additions |
| At 30th June 2024 |
| DEPRECIATION |
| At 1st July 2023 |
| Charge for year |
| At 30th June 2024 |
| NET BOOK VALUE |
| At 30th June 2024 |
| At 30th June 2023 |
| 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 |
| Amounts owed by associates |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans |
| 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. |