Company Registration No. 09406785 (England and Wales)
Learning Early Ltd
Unaudited accounts
for the year ended 31 January 2021
Learning Early Ltd
Unaudited accounts
Contents
Learning Early Ltd
Company Information
for the year ended 31 January 2021
Directors
Mrs K Wood
Mr G Wood
Company Number
09406785 (England and Wales)
Registered Office
9 Farm Walk
Bishops Tachbrook
Leamington Spa
Warwickshire
CV33 9QR
United Kingdom
Accountants
JS Accountancy Services
81 Leicester Road
Measham
DE12 7JG
Learning Early Ltd
Statement of financial position
as at 31 January 2021
Tangible assets
28,422
30,078
Cash at bank and in hand
251,819
333,088
Creditors: amounts falling due within one year
(29,667)
(87,321)
Net current assets
223,704
244,591
Net assets
252,126
274,669
Profit and loss account
252,126
274,669
Shareholders' funds
252,126
274,669
For the year ending 31 January 2021 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.
The financial statements were approved by the Board of Directors and authorised for issue on 10 May 2021 and were signed on its behalf by
Mrs K Wood
Director
Company Registration No. 09406785
Learning Early Ltd
Notes to the Accounts
for the year ended 31 January 2021
Learning Early Ltd is a private company, limited by shares, registered in England and Wales, registration number 09406785. The registered office is 9 Farm Walk, Bishops Tachbrook, Leamington Spa, Warwickshire, CV33 9QR, United Kingdom.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Land & buildings
2% straight line
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Learning Early Ltd
Notes to the Accounts
for the year ended 31 January 2021
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2020
23,682
17,417
8,590
49,689
At 31 January 2021
23,682
18,608
8,590
50,880
At 1 February 2020
1,900
11,906
5,805
19,611
Charge for the year
475
1,676
696
2,847
At 31 January 2021
2,375
13,582
6,501
22,458
At 31 January 2021
21,307
5,026
2,089
28,422
At 31 January 2020
21,782
5,511
2,785
30,078
5
Debtors: amounts falling due within one year
2021
2020
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
1,168
29,763
Proposed dividends
20,000
4,000
Loans from directors
6,605
6,106
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Average number of employees
During the year the average number of employees was 2 (2020: 3).
