REGISTERED NUMBER: 06132639 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

Living Learning English Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs K Hargreaves

REGISTERED OFFICE:

27 Portland Square

Bristol

BS2 8SA

REGISTERED NUMBER:

06132639 (England and Wales)

ACCOUNTANTS:

Norton Accountancy Ltd

7 Soundwell Road

Staple Hill

Bristol

BS16 4QG

FIXED ASSETS

Intangible assets

4

13,125

18,375

Tangible assets

5

4,886

15,543

18,011

33,918

CURRENT ASSETS

Stocks

995

1,250

Debtors

6

81,572

78,164

Cash at bank

56,918

75,497

139,485

154,911

CREDITORS

Amounts falling due within one year

7

(135,098

)

(160,604

)

NET CURRENT ASSETS/(LIABILITIES)

4,387

(5,693

)

TOTAL ASSETS LESS CURRENT LIABILITIES

22,398

28,225

PROVISIONS FOR LIABILITIES

(929

)

(2,953

)

NET ASSETS

21,469

25,272

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

15,219

15,219

Retained earnings

6,150

9,953

SHAREHOLDERS' FUNDS

21,469

25,272

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 December 2024 and were signed by:

Mrs K Hargreaves - Director

1.	STATUTORY INFORMATION

Living Learning English Limited 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.

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

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.

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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 or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2023

and 30 September 2024

105,000

AMORTISATION

At 1 October 2023

86,625

Charge for year

5,250

At 30 September 2024

91,875

NET BOOK VALUE

At 30 September 2024

13,125

At 30 September 2023

18,375

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2023

136,042

Additions

2,468

Disposals

(124,556

)

At 30 September 2024

13,954

DEPRECIATION

At 1 October 2023

120,499

Charge for year

1,629

Eliminated on disposal

(113,060

)

At 30 September 2024

9,068

NET BOOK VALUE

At 30 September 2024

4,886

At 30 September 2023

15,543

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

35,898

26,927

Amounts owed by group undertakings

40,788

41,401

Other debtors

4,886

9,836

81,572

78,164

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans and overdrafts

18,776

29,089

Trade creditors

26,697

6,223

Amounts owed to group undertakings

-

24,929

Taxation and social security

2,659

5,384

Other creditors

86,966

94,979

135,098

160,604

8.	RELATED PARTY DISCLOSURES

Living Learning English Limited was owed £40,788 by Living Learning English Holdings Limited at the year end.

Living Learning English Limited is owned 100% by Living Learning English Holdings Limited.

All assets and trade have remained within the group.

The controlling party is Living Learning English Holdings Limited.

9.	ULTIMATE CONTROLLING PARTY

Kathleen Hargreaves is the ultimate controlling party by virtue of her shareholding in Living Learning English Holdings Ltd