V LEARNING NETWORK, TRADING AS STEP INTO LEARNING LTD

1. V LEARNING NETWORK, TRADING AS STEP INTO LEARNING LTD 2022-07-18 → present
2. V LEARNING NET 2001-11-22 → 2022-07-18

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Blackwell Bate Ltd

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist following a review of the expected level of income and expenditure for the next 12 months, together with a consideration of the level of reserves held.”

Significant events

• “The charity has successfully completed its twenty-fifth year in the further education sector, marked by notable developments for V Learning Network, trading as Step into Learning.”
• “During the year, the organisation faced a temporary operational deficit due to the timing of DfE growth funding and the engagement of specialist HR advisory support to strengthen workforce management and ensure robust governance.”
• “The recent Ofsted inspection resulted in a grade of "Good" across all evaluated areas, reflecting the quality and consistency of our learning provision.”
• “The organisation also successfully secured National Lottery funding to support the expansion of services through Castle & Coast Therapies CIC.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +11.8%

  £1,758,211 → £1,965,785

• Cash

  -11.9%

  £474,486 → £417,817

• Net assets

  -12.7%

  £487,792 → £425,727

• Employees

  0%

  14 → 14

• Operating profit

  -443.6%

  £18,576 → -£63,820

• Profit before tax

  -398.9%

  £20,762 → -£62,065

• Wages

  +8%

  £293,604 → £317,043

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers