PPD LEARNING LIMITED Filleted accounts for Companies House (small and micro)

PPD LEARNING LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 04708597

PPD LEARNING LIMITED

Filleted Unaudited Financial Statements

31 March 2019

PPD LEARNING LIMITED

Statement of Financial Position

31 March 2019

	2019		2018
Note	£	£	£

Current assets

Debtors	6	4,365	332
Cash at bank and in hand		11,814	21,214
		--------	--------
		16,179	21,546

Creditors: amounts falling due within one year	7	15,792		21,242
		--------		--------
Net current assets			387	304
			----	----
Total assets less current liabilities			387	304
			----	----
Net assets			387	304
			----	----

Capital and reserves

Called up share capital	1	1
Profit and loss account	386	303
	----	----
Shareholders funds	387	304
	----	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 2 January 2020 , and are signed on behalf of the board by:

Judith Lowe
Director

Company registration number: 04708597

PPD LEARNING LIMITED

Notes to the Financial Statements

Year ended 31 March 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	50% straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2018: 1 ).

5. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 April 2018 and 31 March 2019	683	683
	----	----
Depreciation
At 1 April 2018 and 31 March 2019	683	683
	----	----
Carrying amount
At 31 March 2019	–	–
	----	----
At 31 March 2018	–	–
	----	----

6. Debtors

	2019	2018
	£	£
Other debtors	4,365	332
	-------	----

7. Creditors: amounts falling due within one year

	2019	2018
	£	£
Trade creditors	659	129
Social security and other taxes	608	–
Other creditors	14,525	21,113
	--------	--------
	15,792	21,242
	--------	--------

8. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2019
	Balance brought forward	Amounts repaid	Balance outstanding
	£	£	£
Judith Lowe	( 11,099)	( 1,826)	( 12,925)
	--------	-------	--------

	2018
	Balance brought forward	Amounts repaid	Balance outstanding
	£	£	£
Judith Lowe	( 19,791)	8,692	( 11,099)
	--------	-------	--------