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Registered number: 09965239
Learnify Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Ripe LLP
9A Burroughs Gardens
London
NW4 4AU
Learnify Limited
Contents
Contents

| Page
--- | ---
Company Information | 1
Balance Sheet | 2—3
Notes to the Financial Statements | 4—7

Page 1
Learnify Limited
Company Information
For The Year Ended 31 March 2025
Company Information

Directors | Ms V Davies
| Mr L Davies
Secretary | Ms V Davies
Company Number | 09965239
Registered Office | Cheyenne House
| West Street
| Farnham
| GU9 7EQ
Accountants | Ripe LLP
| Chartered Accountants
| 9A Burroughs Gardens
| London
| NW4 4AU

Page 1
Page 2
Learnify Limited
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 09965239

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 35,174 |  | 40,771
|  |  | 35,174 |  | 40,771
CURRENT ASSETS
Debtors | 5 | 145,588 |  | 137,500 |
Cash at bank and in hand |  | 447,061 |  | 505,480 |
|  | 592,649 |  | 642,980 |
Creditors: Amounts Falling Due Within One Year | 6 | (253,990 ) |  | (428,394 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 338,659 |  | 214,586
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 373,833 |  | 255,357
NET ASSETS |  |  | 373,833 |  | 255,357
CAPITAL AND RESERVES
Called up share capital | 8 |  | 4 |  | 4
Profit and Loss Account |  |  | 373,829 |  | 255,353
SHAREHOLDERS' FUNDS |  |  | 373,833 |  | 255,357

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Learnify Limited
Balance Sheet (continued)
As At 31 March 2025
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Ms V Davies Director | Mr L Davies Director
16/10/2025

The notes on pages 4 to 7 form part of these financial statements.
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Learnify Limited
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Learnify Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09965239 . The registered office is Cheyenne House, West Street, Farnham, GU9 7EQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company.Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings | 25% reducing balance
Computer Equipment | 25% reducing balance

2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
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Learnify Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.6.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all
amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve
months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss
account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2024: 9)
9 9
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Learnify Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
4. Tangible Assets

| Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 April 2024 | 43,099 | 53,903 | 97,002
Additions | 3,249 | 2,618 | 5,867
As at 31 March 2025 | 46,348 | 56,521 | 102,869
Depreciation
As at 1 April 2024 | 21,793 | 34,438 | 56,231
Provided during the period | 6,139 | 5,325 | 11,464
As at 31 March 2025 | 27,932 | 39,763 | 67,695
Net Book Value
As at 31 March 2025 | 18,416 | 16,758 | 35,174
As at 1 April 2024 | 21,306 | 19,465 | 40,771

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 64,446 |  | 83,894
Other debtors | 81,142 |  | 53,606
| 145,588 |  | 137,500

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 38,495 |  | 72,380
Other loans | - |  | 25,507
Corporation tax | 28,430 |  | -
Net wages | - |  | 1,665
Other creditors | 4,282 |  | 16,888
Accruals and deferred income | 180,878 |  | 311,954
Directors' loan accounts | 1,905 |  | -
| 253,990 |  | 428,394

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Learnify Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
7. Loans
An analysis of the maturity of loans is given below:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Amounts falling due within one year or on demand:
Other loans | - |  | 25,507

8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 4 |  | 4

9. Dividends

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
On equity shares:
Final dividend paid | 1,000 |  | 2,000

10. Related Party Disclosures
As at year-end, the company owed £1,905 to the directors of the company Mr L T Davies and Ms V J Davies, whereas in 2024 the director's owed £22,347 to the company.
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