Company Registration No. 10605207 (England and Wales)
Intuitive Learning Limited
Unaudited accounts
for the year ended 31 December 2019
Intuitive Learning Limited
Unaudited accounts
Contents
Intuitive Learning Limited
Company Information
for the year ended 31 December 2019
Directors
Jonathan Jerome
Evan Ritchie
Michael Routledge
Andrew Cope
Company Number
10605207 (England and Wales)
Registered Office
ORCHARD HOUSE
SHADWELL LANE
LEEDS
LS17 8AQ
ENGLAND
Accountants
Accounts Lab Ltd
The Leeming Building
Vicar Lane
Leeds
West Yorkshire
LS2 7JF
Intuitive Learning Limited
Statement of financial position
as at 31 December 2019
Cash at bank and in hand
53,129
23,940
Creditors: amounts falling due within one year
(220,048)
(107,100)
Net current liabilities
(79,552)
(81,332)
Net liabilities
(76,233)
(81,332)
Called up share capital
238
229
Share premium
99,957
99,966
Profit and loss account
(176,428)
(181,527)
Shareholders' funds
(76,233)
(81,332)
For the year ending 31 December 2019 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 5 May 2020.
Jonathan Jerome
Director
Company Registration No. 10605207
Intuitive Learning Limited
Notes to the Accounts
for the year ended 31 December 2019
Intuitive Learning Limited is a private company, limited by shares, registered in England and Wales, registration number 10605207. The registered office is ORCHARD HOUSE, SHADWELL LANE, LEEDS, LS17 8AQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Intuitive Learning Limited
Notes to the Accounts
for the year ended 31 December 2019
4
Tangible fixed assets
Computer equipment
Trade debtors
74,700
1,428
Deferred tax asset
11,417
-
Accrued income and prepayments
-
400
6
Creditors: amounts falling due within one year
2019
2018
Trade creditors
8,281
9,400
Taxes and social security
14,798
(43,585)
Loans from directors
168,983
90,285
Allotted, called up and fully paid:
22,857 Ordinary shares of £0.01 each
228.57
228.57
978 Ordinary B shares of £0.01 each
9.78
-
Shares issued during the period:
978 Ordinary B shares of £0.01 each
9.78
8
Average number of employees
During the year the average number of employees was 5 (2018: 4).
