Learnplay Foundation Ltd. - Filleted accounts

Registered number

06078007

Learnplay Foundation Ltd.

Filleted Accounts

28 February 2025

Learnplay Foundation Ltd.
Registered number:		06078007
Balance Sheet
as at 28 February 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		2,570			3,855

Current assets
Stocks		17,591			23,918
Debtors	4	20,903			28,060
Cash at bank and in hand		10,786			13,356
		49,280			65,334

Creditors: amounts falling due within one year	5	(68,622)			(48,469)

Net current (liabilities)/assets			(19,342)			16,865

Total assets less current liabilities			(16,772)			20,720

Creditors: amounts falling due after more than one year	6		(49,823)			(72,502)



Net liabilities			(66,595)			(51,782)

Reserves
Income and expenditure account			(66,595)			(51,782)

Members' funds			(66,595)			(51,782)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mrs Rohini Hands
Director
Approved by the board on 28 November 2025

Learnplay Foundation Ltd.
Notes to the Accounts
for the year ended 28 February 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Computer equipment	33% reducing balance
	Fixtures and fittings	33% reducing balance

	Work in progress
	Work in progress is measured at the lower of cost and estimated selling price less costs to complete and sell. It is recognised in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.








	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		14		11


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 March 2024				46,727
	At 28 February 2025				46,727

	Depreciation
	At 1 March 2024				42,872
	Charge for the year				1,285
	At 28 February 2025				44,157

	Net book value
	At 28 February 2025				2,570
	At 29 February 2024				3,855


4	Debtors		2025		2024
£				£

	Trade debtors		16,414		24,286
	Other debtors		4,489		3,774
			20,903		28,060







5	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loans and overdrafts		29,636		39,524
	Trade creditors		8,082		1,017
	Taxation and social security costs		3,245		3,891
	Other creditors		27,659		4,037
			68,622		48,469


6	Creditors: amounts falling due after one year		2025		2024
£				£

	Bank loans		49,823		72,502


7	Other information

	Learnplay Foundation Ltd. is a private company limited by guarantee and incorporated in England. Its registered office is:
	The Stables
	Long Acre Street
	Walsall
	WS2 8HP