Learning Talking Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 08153772 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st July 2022

for

Learning Talking Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs. C V M Rose

SECRETARY:

Mr. D A Wakeling

REGISTERED OFFICE:

12b Sun Street

Waltham Abbey

Essex

EN9 1EE

REGISTERED NUMBER:

08153772 (England and Wales)

ACCOUNTANTS:

Apple Accounting Services Ltd

Chartered Management Accountants

12b Sun Street

Waltham Abbey

Essex

EN9 1EE

FIXED ASSETS

Tangible assets

4

6,377

10,310

CURRENT ASSETS

Debtors

5

28,558

53,040

Cash at bank

132,429

88,465

160,987

141,505

CREDITORS

Amounts falling due within one year

6

38,996

51,392

NET CURRENT ASSETS

121,991

90,113

TOTAL ASSETS LESS CURRENT LIABILITIES

128,368

100,423

PROVISIONS FOR LIABILITIES

1,212

1,959

NET ASSETS

127,156

98,464

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

127,155

98,463

127,156

98,464

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 7th December 2022 and were signed by:

Mrs. C V M Rose - Director

1.	STATUTORY INFORMATION

Learning Talking 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 each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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 18 (2021 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st August 2021

23,575

Additions

2,462

At 31st July 2022

26,037

DEPRECIATION

At 1st August 2021

13,265

Charge for year

6,395

At 31st July 2022

19,660

NET BOOK VALUE

At 31st July 2022

6,377

At 31st July 2021

10,310

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

28,240

52,950

Other debtors

318

90

28,558

53,040

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

436

254

Taxation and social security

24,550

19,406

Other creditors

14,010

31,732

38,996

51,392

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs. C V M Rose.