Company registration number 11809493 (England and Wales)
WORCESTER LEARNING ZONE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
WORCESTER LEARNING ZONE LIMITED
COMPANY INFORMATION
Director
Mrs N Stolt
Company number
11809493
Registered office
Sansome Lodge
6 Sansome Walk
Worcester
WR1 1LH
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Starling Bank
5th Floor
Fruit & Wool Exchange
Duval Square
London
E1 6PW
WORCESTER LEARNING ZONE LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
WORCESTER LEARNING ZONE LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF WORCESTER LEARNING ZONE LIMITED FOR THE YEAR ENDED 28 FEBRUARY 2025
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Worcester Learning Zone Limited for the year ended 28 February 2025 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of Worcester Learning Zone Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Worcester Learning Zone Limited and state those matters that we have agreed to state to the board of directors of Worcester Learning Zone Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Worcester Learning Zone Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that Worcester Learning Zone Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Worcester Learning Zone Limited. You consider that Worcester Learning Zone Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Worcester Learning Zone Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ormerod Rutter Limited
11 June 2025
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
WORCESTER LEARNING ZONE LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2025
28 February 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
3,435
3,864
Tangible assets
4
70,499
62,774
73,934
66,638
Current assets
Debtors
5
124,827
113,753
Cash at bank and in hand
37,995
9,026
162,822
122,779
Creditors: amounts falling due within one year
6
(177,094)
(117,524)
Net current (liabilities)/assets
(14,272)
5,255
Total assets less current liabilities
59,662
71,893
Creditors: amounts falling due after more than one year
7
(40,931)
(68,543)
Provisions for liabilities
9
(17,549)
Net assets
1,182
3,350
Capital and reserves
Called up share capital
10
20
20
Profit and loss reserves
1,162
3,330
Total equity
1,182
3,350
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
WORCESTER LEARNING ZONE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2025
28 February 2025
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 11 June 2025 and are signed on its behalf by:
Mrs N Stolt
Director
Company registration number 11809493 (England and Wales)
WORCESTER LEARNING ZONE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 4 -
1
Accounting policies
Company information
Worcester Learning Zone Limited is a private company limited by shares incorporated in England and Wales. The registered office is Sansome Lodge, 6 Sansome Walk, Worcester, WR1 1LH.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.
Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.
1.3
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computer software
10 years
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
25% on reducing balance
Computer equipment
33% on cost
Motor vehicles
25% on reducing balance
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
WORCESTER LEARNING ZONE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 5 -
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.6
Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
1.7
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.8
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
17
17
WORCESTER LEARNING ZONE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 6 -
3
Intangible fixed assets
Computer software
£
Cost
At 29 February 2024 and 28 February 2025
4,294
Amortisation and impairment
At 29 February 2024
430
Amortisation charged for the year
429
At 28 February 2025
859
Carrying amount
At 28 February 2025
3,435
At 28 February 2024
3,864
4
Tangible fixed assets
Fixtures and fittings
Computer equipment
Motor vehicles
Total
£
£
£
£
Cost
At 29 February 2024
2,970
4,306
64,739
72,015
Additions
1,805
16,507
18,312
At 28 February 2025
4,775
20,813
64,739
90,327
Depreciation and impairment
At 29 February 2024
978
1,790
6,473
9,241
Depreciation charged in the year
730
4,030
5,827
10,587
At 28 February 2025
1,708
5,820
12,300
19,828
Carrying amount
At 28 February 2025
3,067
14,993
52,439
70,499
At 28 February 2024
1,992
2,516
58,266
62,774
WORCESTER LEARNING ZONE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 7 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
8,460
Amounts owed by group undertakings
108,408
Other debtors
7,959
113,036
124,827
113,036
Deferred tax asset
717
124,827
113,753
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
41,705
Trade creditors
276
Amounts owed to group undertakings
103,853
Taxation and social security
57,925
66,417
Other creditors
15,040
9,402
177,094
117,524
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
14,250
Other creditors
40,931
54,293
40,931
68,543
8
Secured debts
The following secured debts are included within creditors:
2025
2024
£
£
Hire purchase contracts
48,765
62,127
Bank overdrafts
4,675
Bank loans
-
51,280
48,765
118,082
Hire purchase contracts are secured against the assets to which they relate.
WORCESTER LEARNING ZONE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
8
Secured debts
(Continued)
- 8 -
9
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
17,549
10
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
20
20
20
20
11
Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
12
Directors' transactions
Description
% Rate
Opening balance
Amounts repaid
Closing balance
£
£
£
Loan accounts
-
9,195
(9,195)
-
9,195
(9,195)
-
13
Control
Ultimate parent company
The ultimate parent company is Nstolt Ltd, a company registered in England and Wales.
Ultimate controlling party
The ultimate controlling party is Mr J Stolt and Mrs N Stolt.
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