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REGISTERED NUMBER: 09575113 (England and Wales)














THE EDUCATION AND SKILLS PARTNERSHIP LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






THE EDUCATION AND SKILLS PARTNERSHIP LTD (REGISTERED NUMBER: 09575113)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7

Chartered Accountants' Report 8

THE EDUCATION AND SKILLS PARTNERSHIP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: J G Hargreaves
S F Quilter
Mrs J R Taylor
I J Taylor





REGISTERED OFFICE: Ground Floor Williamson House
Wotton Road
Ashford
Kent
TN23 6LW





REGISTERED NUMBER: 09575113 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
24 Landgate
Rye
East Sussex
TN31 7LJ

THE EDUCATION AND SKILLS PARTNERSHIP LTD (REGISTERED NUMBER: 09575113)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 18,964 -
Tangible assets 5 58,268 62,200
77,232 62,200

CURRENT ASSETS
Debtors 6 633,877 1,333,061
Cash at bank and in hand 8,042 539,270
641,919 1,872,331
CREDITORS
Amounts falling due within one year 7 702,263 1,299,287
NET CURRENT (LIABILITIES)/ASSETS (60,344 ) 573,044
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,888

635,244

CREDITORS
Amounts falling due after more than
one year

8

187,500

-
NET (LIABILITIES)/ASSETS (170,612 ) 635,244

CAPITAL AND RESERVES
Called up share capital 11 2,000 2,000
Retained earnings (172,612 ) 633,244
SHAREHOLDERS' FUNDS (170,612 ) 635,244

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 EDUCATION AND SKILLS PARTNERSHIP LTD (REGISTERED NUMBER: 09575113)

BALANCE SHEET - continued
31 OCTOBER 2023


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 Board of Directors and authorised for issue on 13 February 2024 and were signed on its behalf by:




J G Hargreaves - Director



I J Taylor - Director


THE EDUCATION AND SKILLS PARTNERSHIP LTD (REGISTERED NUMBER: 09575113)

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


1. STATUTORY INFORMATION

The Education And Skills Partnership Ltd 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
In preparing the financial statements, the directors are required to make an assessment of the ability of the company to continue as a going concern. The directors have considered all available evidence for the company which covers the 12 month period from the date of signing these financial statements.

On the basis of this consideration, the directors are confident that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion they are satisfied that no material uncertainty exists. As a result of the above, the directors have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements and that no material uncertainty exists in reaching this conclusion.

TURNOVER
Turnover is recognised at the fair value of consideration received or receivable for education and consultancy services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion when the stage completion, costs incurred and costs to complete can be estimated reliably. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Other intangible assets are being amortised evenly over their estimated useful life of eight years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - 25% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% 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.

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.

THE EDUCATION AND SKILLS PARTNERSHIP LTD (REGISTERED NUMBER: 09575113)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 88 (2022 - 72 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 19,563
At 31 October 2023 19,563
AMORTISATION
Amortisation for year 599
At 31 October 2023 599
NET BOOK VALUE
At 31 October 2023 18,964

5. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and Computer
improvements machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 5,000 23,763 8,700 126,822 164,285
Additions 4,710 6,789 - 16,511 28,010
At 31 October 2023 9,710 30,552 8,700 143,333 192,295
DEPRECIATION
At 1 November 2022 5,000 16,070 7,753 73,262 102,085
Charge for year 1,069 4,103 548 26,222 31,942
At 31 October 2023 6,069 20,173 8,301 99,484 134,027
NET BOOK VALUE
At 31 October 2023 3,641 10,379 399 43,849 58,268
At 31 October 2022 - 7,693 947 53,560 62,200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 255,396 1,033,815
Other debtors 378,481 299,246
633,877 1,333,061

Included within Other debtors is an amount owed from ESP Commercial Ltd (09922482) with no terms attached. This company is owned under common control by the shareholders I Taylor and J Hargreaves.

THE EDUCATION AND SKILLS PARTNERSHIP LTD (REGISTERED NUMBER: 09575113)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 68,553 -
Trade creditors 91,564 81,400
Taxation and social security 384,937 174,259
Other creditors 157,209 1,043,628
702,263 1,299,287

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 187,500 -

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 18,553 -
Bank loans 50,000 -
68,553 -

Amounts falling due between one and two years:
Bank loans - 1-2 years 50,000 -

Amounts falling due between two and five years:
Bank loans - 2-5 years 137,500 -

Included within the amounts shown under bank loans is a commitment held under personal guarantee by the company directors Mr J Hargreaves, Mr I Taylor and Mrs J Taylor.

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 63,259 62,244
Between one and five years 19,369 81,613
82,628 143,857

Included within the amounts shown under operating leases is a commitment held under personal guarantee by the company directors Mr J Hargreaves, Mr I Taylor and Mrs J Taylor.

THE EDUCATION AND SKILLS PARTNERSHIP LTD (REGISTERED NUMBER: 09575113)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary A £10 1,000 1,000
1,000 Ordinary B £10 1,000 1,000
2,000 2,000

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
J G Hargreaves
Balance outstanding at start of year 1,140 -
Amounts advanced 40,000 76,140
Amounts repaid - (75,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 41,140 1,140

I J Taylor
Balance outstanding at start of year 4,660 -
Amounts advanced 40,911 24,660
Amounts repaid - (20,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 45,571 4,660

A director's loan account exists, as at the balance sheet date the directors owed £86,711to the company. Interest has been charged on these amounts at the official rate under the beneficial loan arrangement rules. The loans were repaid in full on 20 December 2023.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
THE EDUCATION AND SKILLS PARTNERSHIP LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Education And Skills Partnership Ltd for the year ended 31 October 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Education And Skills Partnership Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Education And Skills Partnership Ltd and state those matters that we have agreed to state to the Board of Directors of The Education And Skills Partnership Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Education And Skills Partnership Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Education And Skills Partnership Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Education And Skills Partnership Ltd. You consider that The Education And Skills Partnership Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Education And Skills Partnership Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
24 Landgate
Rye
East Sussex
TN31 7LJ


13 February 2024