Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-3102022-09-01false85600 - Educational support services6562falsetrue 10831473 2022-09-01 2023-08-31 10831473 2023-08-31 10831473 2021-09-01 2022-08-31 10831473 2022-08-31 10831473 2021-09-01 10831473 2 2022-09-01 2023-08-31 10831473 2 2021-09-01 2022-08-31 10831473 d:Director4 2022-09-01 2023-08-31 10831473 e:OfficeEquipment 2022-09-01 2023-08-31 10831473 e:OfficeEquipment 2023-08-31 10831473 e:OfficeEquipment 2022-08-31 10831473 e:OfficeEquipment e:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 10831473 e:ComputerSoftware 2023-08-31 10831473 e:ComputerSoftware 2022-08-31 10831473 e:OtherResidualIntangibleAssets 2022-09-01 2023-08-31 10831473 e:CurrentFinancialInstruments 2023-08-31 10831473 e:CurrentFinancialInstruments 2022-08-31 10831473 e:CurrentFinancialInstruments e:WithinOneYear 2023-08-31 10831473 e:CurrentFinancialInstruments e:WithinOneYear 2022-08-31 10831473 e:ShareCapital 2022-09-01 2023-08-31 10831473 e:ShareCapital 2023-08-31 10831473 e:ShareCapital 2021-09-01 2022-08-31 10831473 e:ShareCapital 2022-08-31 10831473 e:ShareCapital 2021-09-01 10831473 e:RetainedEarningsAccumulatedLosses 2022-09-01 2023-08-31 10831473 e:RetainedEarningsAccumulatedLosses 2023-08-31 10831473 e:RetainedEarningsAccumulatedLosses 2 2022-09-01 2023-08-31 10831473 e:RetainedEarningsAccumulatedLosses 2021-09-01 2022-08-31 10831473 e:RetainedEarningsAccumulatedLosses 2022-08-31 10831473 e:RetainedEarningsAccumulatedLosses 2021-09-01 10831473 e:RetainedEarningsAccumulatedLosses 2 2021-09-01 2022-08-31 10831473 d:OrdinaryShareClass1 2022-09-01 2023-08-31 10831473 d:OrdinaryShareClass1 2023-08-31 10831473 d:OrdinaryShareClass1 2022-08-31 10831473 d:FRS102 2022-09-01 2023-08-31 10831473 d:Audited 2022-09-01 2023-08-31 10831473 d:FullAccounts 2022-09-01 2023-08-31 10831473 d:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 10831473 d:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 10831473 2 2022-09-01 2023-08-31 10831473 e:ComputerSoftware e:OwnedIntangibleAssets 2022-09-01 2023-08-31 xbrli:shares iso4217:GBP xbrli:pure

Company Registration Number 10831473























WHITE ROSE EDUCATION LIMITED





AUDITED
FINANCIAL STATEMENTS





 31 AUGUST 2023

























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WHITE ROSE EDUCATION LIMITED
REGISTERED NUMBER: 10831473

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
321,468
416,239

Tangible assets
 5 
101,087
39,983

  
422,555
456,222

Current assets
  

Stocks
  
1,797,569
497,410

Debtors: amounts falling due within one year
 7 
1,604,054
975,602

Cash at bank and in hand
 8 
512,557
1,491,027

  
3,914,180
2,964,039

Creditors: amounts falling due within one year
 9 
(3,890,614)
(3,141,833)

Net current assets/(liabilities)
  
 
 
23,566
 
 
(177,794)

Total assets less current liabilities
  
446,121
278,428

Provisions for liabilities
  

Deferred tax
  
(105,217)
(112,153)

Net assets
  
340,904
166,275


Capital and reserves
  

Called up share capital 
 10 
1
1

Profit and loss account
  
340,903
166,274

  
340,904
166,275


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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Michael Kneafsey
Director

Date: 19 December 2024

The notes on pages 3 to 11 form part of these financial statements.
Page 1

 
WHITE ROSE EDUCATION LIMITED
REGISTERED NUMBER: 10831473

BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 September 2021
1
276,531
276,532


Comprehensive income for the year

Profit for the year
-
389,743
389,743
Total comprehensive income for the year
-
389,743
389,743

Gift aid payment
-
(500,000)
(500,000)



At 1 September 2022
1
166,274
166,275


Comprehensive income for the year

Profit for the year
-
424,629
424,629
Total comprehensive income for the year
-
424,629
424,629

Gift aid payment
-
(250,000)
(250,000)


At 31 August 2023
1
340,903
340,904


The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
WHITE ROSE EDUCATION LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

White Rose Education Limited (company number: 10831473) is a private company limited by shares incorporated in England and Wales. The registered office is White Rose Education Ltd. The Maltings, Maltings Road, Halifax, England, HX2 0TJ.
The principal activity is the provision of educational support services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

These financial statements have been prepared on a going concern basis. The directors, having considered the financial position of the company for a period of at least twelve months from the date of signing these financial statements, have no reason to believe that a material uncertainty exists that may cast doubt about the ability of the company to continue as a going concern.
 
Accordingly the directors have a reasonable expectation that the company will continue in operational existence and thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
 
The directors consider that the Company has adequate resources to continue in operational existence for the foreseeable future. 

Page 3

 
WHITE ROSE EDUCATION LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
WHITE ROSE EDUCATION LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Website
-
2-5 years

Page 5

 
WHITE ROSE EDUCATION LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

ICT Equipment
-
5
years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
WHITE ROSE EDUCATION LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.13

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.14

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 65 (2022 - 62).

Page 7

 
WHITE ROSE EDUCATION LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Intangible assets




Website

£



Cost


At 1 September 2022
511,922



At 31 August 2023

511,922



Amortisation


At 1 September 2022
95,683


Charge for the year on owned assets
94,771



At 31 August 2023

190,454



Net book value



At 31 August 2023
321,468



At 31 August 2022
416,239



Page 8

 
WHITE ROSE EDUCATION LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

5.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 September 2022
48,862


Additions
72,734



At 31 August 2023

121,596



Depreciation


At 1 September 2022
8,879


Charge for the year on owned assets
11,630



At 31 August 2023

20,509



Net book value



At 31 August 2023
101,087



At 31 August 2022
39,983


6.


Stocks

2023
2022
£
£

Raw materials and consumables
1,797,569
497,410

1,797,569
497,410


Page 9

 
WHITE ROSE EDUCATION LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

7.


Debtors

2023
2022
£
£


Trade debtors
1,098,095
810,080

Amounts owed by group undertakings
-
12,184

Other debtors
75,888
1,508

Prepayments and accrued income
430,071
151,830

1,604,054
975,602



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
512,557
1,491,027

512,557
1,491,027



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
634,947
460,651

Amounts owed to group undertakings
214,832
130,474

Corporation tax
67,232
103,655

Other taxation and social security
85,829
115,425

Other creditors
-
12,919

Accruals and deferred income
2,887,774
2,318,709

3,890,614
3,141,833



10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1


Page 10

 
WHITE ROSE EDUCATION LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £107,338 (2022 - £72,166). Contributions totalling £16,462 (2022 - £12,739) were payable to the fund at the balance sheet date and are included in creditors.


12.


Related party transactions

As a wholly owned subsidiary the company has taken advantage of the requirement of Section 33 Related Party Disclosures paragraph 33.7 from disclosing transactions with wholly owned members of the group.


13.


Controlling party

White Rose Education Limited is a wholly owned subsidiary of Trinity Multi Academy Trust, a company limited by guarantee registered in England and Wales, Company Registration Number 06897239, whose registered office is Trinity Multi Academy Trust, Trinity Mat Offices The Maltings, Maltings Road, Halifax, England, HX2 0TJ. Trinity Multi Academy Trust are responsible for finalising the financial statements. 


14.


Auditors' information

The auditors' report on the financial statements for the year ended 31 August 2023 was unqualified.

The audit report was signed on 19 December 2024 by Huw Nicholls (Senior statutory auditor) on behalf of Armstrong Watson Audit Limited.

Page 11