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Registration number: 07360086

Innovate Learn Ltd.
Unaudited Filleted Financial Statements
for the Year Ended 31 August 2025

Innovate Learn Ltd.

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 5

Innovate Learn Ltd.

(Registration number: 07360086)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 23,170 | 22,531
Current assets |  |  |
Cash at bank and in hand |  | 77,830 | 128,444
Creditors: Amounts falling due within one year | 5 | (24,605) | (34,908)
Net current assets |  | 53,225 | 93,536
Total assets less current liabilities |  | 76,395 | 116,067
Provisions for liabilities |  | (456) | (331)
Net assets |  | 75,939 | 115,736
Capital and reserves |  |  |
Called up share capital |  | 1,000 | 1,000
Retained earnings |  | 74,939 | 114,736
Shareholders' funds |  | 75,939 | 115,736

For the financial year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Innovate Learn Ltd.

(Registration number: 07360086)
Balance Sheet as at 31 August 2025

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 21 October 2025 and signed on its behalf by:

......................................... Mr D Prescott Director

Innovate Learn Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Piccadilly Business Centre
Aldow Enterprise Park
Blackett Street
Manchester
M12 6AE

These financial statements were authorised for issue by the Board on 21 October 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Innovate Learn Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures, fittings and equipment | 25% straight line
Short leasehold land and property | 10% reducing balance

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Innovate Learn Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 September 2024 | 21,125 | 8,219 | 29,344
Additions | 2,292 | 1,250 | 3,542
Disposals | - | (1,507) | (1,507)
At 31 August 2025 | 23,417 | 7,962 | 31,379
Depreciation
At 1 September 2024 | 340 | 6,473 | 6,813
Charge for the year | 2,308 | 594 | 2,902
Eliminated on disposal | - | (1,506) | (1,506)
At 31 August 2025 | 2,648 | 5,561 | 8,209
Carrying amount
At 31 August 2025 | 20,769 | 2,401 | 23,170
At 31 August 2024 | 20,785 | 1,746 | 22,531

Included within the net book value of land and buildings above is £20,769 (2024 - £20,785) in respect of short leasehold land and buildings.

5 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 1,857 | 31,476
Accruals and deferred income | 1,040 | 915
Other creditors | 21,708 | 2,517
| 24,605 | 34,908