Interaction Learning and Develop Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03134024 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2021

for

Interaction Learning and Development

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms L K Neale

Ms K Scott

REGISTERED OFFICE:

St Nicholas House

31-34 High Street

Bristol

BS1 2AW

REGISTERED NUMBER:

03134024 (England and Wales)

ACCOUNTANTS:

Dolman's Chartered Accountants

The Mews

Hounds Road

Chipping Sodbury

Bristol

BS37 6EE

FIXED ASSETS

Tangible assets

4

5,290

5,607

CURRENT ASSETS

Debtors

5

198,769

104,316

Cash at bank and in hand

269,639

308,086

468,408

412,402

CREDITORS

Amounts falling due within one year

6

222,931

138,025

NET CURRENT ASSETS

245,477

274,377

TOTAL ASSETS LESS CURRENT LIABILITIES

250,767

279,984

CREDITORS

Amounts falling due after more than one year

7

-

(50,000

)

PROVISIONS FOR LIABILITIES

(1,005

)

(880

)

NET ASSETS

249,762

229,104

CAPITAL AND RESERVES

Called up share capital

158

158

Capital redemption reserve

75

75

Retained earnings

249,529

228,871

SHAREHOLDERS' FUNDS

249,762

229,104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 June 2022 and were signed on its behalf by:

Ms L K Neale - Director

1.	STATUTORY INFORMATION

Interaction Learning and Development Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures, fittings & equipment - 20% on cost

Assets are further depreciated to net realisable value where considered appropriate by the directors.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2020 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

& equipment

£

COST

At 1 January 2021

14,580

Additions

871

At 31 December 2021

15,451

DEPRECIATION

At 1 January 2021

8,973

Charge for year

1,188

At 31 December 2021

10,161

NET BOOK VALUE

At 31 December 2021

5,290

At 31 December 2020

5,607

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

187,354

93,177

Other debtors

11,415

11,139

198,769

104,316

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

16,732

17,293

Taxation and social security

77,233

75,340

Other creditors

128,966

45,392

222,931

138,025

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

-

50,000

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2021

2020

£

£

Within one year

7,600

6,840

9.	RELATED PARTY DISCLOSURES

During the year the company made a contribution of £12552 to Interaction Trustee Limited , being an Employee Ownership Trust which owns 85%of the ordinary issued share capital of the company.