REGISTERED NUMBER: 02938087 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ALEIDO LEARNING UK LIMITED

PREVIOUSLY KNOWN AS

WALKGROVE LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

A Wiles

L J Peil

A Flojt

SECRETARY:

J Thurston

REGISTERED OFFICE:

Semcon House

Edgehill Drive

Warwick

Warwickshire

CV34 6NH

REGISTERED NUMBER:

02938087 (England and Wales)

AUDITORS:

Shaw Gibbs (Audit) Limited

Chartered Certified Accountants

Statutory Auditor

Eagle House

28 Billing Road

Northampton

Northamptonshire

NN1 5AJ

FIXED ASSETS

Tangible assets

4

8,640

13,454

CURRENT ASSETS

Debtors

5

320,075

295,265

Cash at bank and in hand

13,209

253,957

333,284

549,222

CREDITORS

Amounts falling due within one year

6

349,508

285,549

NET CURRENT (LIABILITIES)/ASSETS

(16,224

)

263,673

TOTAL ASSETS LESS CURRENT LIABILITIES

(7,584

)

277,127

PROVISIONS FOR LIABILITIES

2,045

3,220

NET (LIABILITIES)/ASSETS

(9,629

)

273,907

CAPITAL AND RESERVES

Called up share capital

8

25,000

25,000

Retained earnings

(34,629

)

248,907

SHAREHOLDERS' FUNDS

(9,629

)

273,907

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 4 July 2025 and were signed on its behalf by:

A Wiles - Director

1.	STATUTORY INFORMATION

Aleido Learning UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

Turnover

Turnover represents the fair value of the consideration received, or receivable of goods and services supplied to customers during the year, excluding Value Added Tax, discounts and rebates. Income is recognised as and when costs borne from a project arise. Invoicing is then completed at various stages of the project.

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

-

20% on cost and 50% on cost and 33% on cost

Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Where parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items of property, plant and equipment.

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Financial instruments

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2024

67,231

Additions

2,792

Disposals

(28,856

)

At 31 December 2024

41,167

DEPRECIATION

At 1 January 2024

53,777

Charge for year

6,486

Eliminated on disposal

(27,736

)

At 31 December 2024

32,527

NET BOOK VALUE

At 31 December 2024

8,640

At 31 December 2023

13,454

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

198,644

227,746

Provision for doubtful debts

-

(2,471

)

Amounts owed by group undertakings

28,550

-

Other debtors

38,157

-

Tax

11,641

9,442

Prepayments and accrued income

43,083

60,548

320,075

295,265

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

5,591

32,926

Amounts owed to group undertakings

1,591

926

Social security and other taxes

22,356

21,278

VAT

28,841

43,278

Other creditors

143,529

16,937

Accruals and deferred income

147,600

170,204

349,508

285,549

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

-

24,500

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

25,000

Ordinary

£1

25,000

25,000

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Nicola Fox (Senior Statutory Auditor)

for and on behalf of Shaw Gibbs (Audit) Limited

10.	RELATED PARTY DISCLOSURES

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.

11.	ULTIMATE CONTROLLING PARTY

In January 2024 the company's former parent company Walkgrove Solutions Limited has been struck off at Companies House. The company's immediate parent is now Aleido UK Limited. Its ultimate parent undertaking and controlling company is Ratos AB, a public quoted company registered in Sweden.

The largest and smallest group into which this company is consolidated is Ratos AB. A copy of the parent company financial statements, which are prepared in accordance with EEC 7th company Law Directive, are available from the company's registered office at Box 511, SE - 114 1, Stockholm,, Sweden, and the visiting address is Sturegatan 10.