Company Registration No. 11956430 (England and Wales)
LEARNERSHAPE LTD
Unaudited accounts
for the year ended 30 April 2022
LEARNERSHAPE LTD
Unaudited accounts
Contents
LEARNERSHAPE LTD
Company Information
for the year ended 30 April 2022
Director
Maury David Shenk
Company Number
11956430 (England and Wales)
Registered Office
210 Upper Richmond Road
Unit 102
London
SW15 6NP
England
LEARNERSHAPE LTD
Statement of financial position
as at 30 April 2022
Called up share capital not paid
1
1
Intangible assets
356,351
420,305
Cash at bank and in hand
22,646
38,084
Creditors: amounts falling due within one year
(1,424)
(1,414)
Net current assets
21,383
40,558
Total assets less current liabilities
378,161
461,998
Creditors: amounts falling due after more than one year
(253,707)
(282,093)
Net assets
124,454
179,905
Called up share capital
11
11
Share premium
170,027
170,027
Profit and loss account
(45,584)
9,867
Shareholders' funds
124,454
179,905
For the year ending 30 April 2022 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 director acknowledges his 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 and authorised for issue on 7 December 2022 and were signed on its behalf by
Maury David Shenk
Director
Company Registration No. 11956430
LEARNERSHAPE LTD
Notes to the Accounts
for the year ended 30 April 2022
LEARNERSHAPE LTD is a private company, limited by shares, registered in England and Wales, registration number 11956430. The registered office is 210 Upper Richmond Road, Unit 102, London, SW15 6NP, 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.
Intangible fixed assets includes software development cost and listed investments.
Software development cost is recorded at cost and amortised over its useful life.
Listed investments are measured at fair value with changes in fair value being recognised in profit and loss.
Tangible Fixed Assets & 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:
Expenditure on research is written off in the year in which it is incurred.
Expenditure on development is capitalised under development cost.
Government grants in relation to intangible fixed assets are credited to profit and loss account over the useful lives of the related assets.
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 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.
LEARNERSHAPE LTD
Notes to the Accounts
for the year ended 30 April 2022
4
Intangible fixed assets
Other
Charge for the year
84,060
Software development cost is recorded at cost and amortised over 5 years.
Unrealised loss on investment is recognised in profit and loss.
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2021
82
2,040
2,122
At 30 April 2022
82
2,040
2,122
Charge for the year
41
667
708
At 30 April 2022
68
1,628
1,696
At 30 April 2022
14
412
426
At 30 April 2021
55
1,079
1,134
Amounts falling due within one year
LEARNERSHAPE LTD
Notes to the Accounts
for the year ended 30 April 2022
7
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
100
(588)
8
Creditors: amounts falling due after more than one year
2022
2021
Deferred income
253,707
282,093
This include grants received from government for platform development. Grant has been spent on development cost and has been credited to profit and loss over the useful life of software.
Allotted, called up and fully paid:
109,446 Ordinary shares of £0.0001 each
10.94
10.94
10
Average number of employees
During the year the average number of employees was 2 (2021: 5).
