2023-01-012023-12-312023-12-31false13982612NXTLVL Education Ltd2024-09-23iso4217:GBPxbrli:pure139826122023-01-01139826122023-12-31139826122023-01-012023-12-31139826122022-03-17139826122022-12-31139826122022-03-172022-12-3113982612bus:SmallEntities2023-01-012023-12-3113982612bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3113982612bus:FullAccounts2023-01-012023-12-3113982612bus:PrivateLimitedCompanyLtd2023-01-012023-12-3113982612core:WithinOneYear2023-12-3113982612core:AfterOneYear2023-12-3113982612core:WithinOneYear2022-12-3113982612core:AfterOneYear2022-12-3113982612core:ShareCapital2023-12-3113982612core:SharePremium2023-12-3113982612core:RevaluationReserve2023-12-3113982612core:OtherReservesSubtotal2023-12-3113982612core:RetainedEarningsAccumulatedLosses2023-12-3113982612core:ShareCapital2022-12-3113982612core:SharePremium2022-12-3113982612core:RevaluationReserve2022-12-3113982612core:OtherReservesSubtotal2022-12-3113982612core:RetainedEarningsAccumulatedLosses2022-12-3113982612core:LandBuildings2023-12-3113982612core:PlantMachinery2023-12-3113982612core:Vehicles2023-12-3113982612core:FurnitureFittings2023-12-3113982612core:OfficeEquipment2023-12-3113982612core:NetGoodwill2023-12-3113982612core:IntangibleAssetsOtherThanGoodwill2023-12-3113982612core:ListedExchangeTraded2023-12-3113982612core:UnlistedNon-exchangeTraded2023-12-3113982612core:LandBuildings2022-12-3113982612core:PlantMachinery2022-12-3113982612core:Vehicles2022-12-3113982612core:FurnitureFittings2022-12-3113982612core:OfficeEquipment2022-12-3113982612core:NetGoodwill2022-12-3113982612core:IntangibleAssetsOtherThanGoodwill2022-12-3113982612core:ListedExchangeTraded2022-12-3113982612core:UnlistedNon-exchangeTraded2022-12-3113982612core:LandBuildings2023-01-012023-12-3113982612core:PlantMachinery2023-01-012023-12-3113982612core:Vehicles2023-01-012023-12-3113982612core:FurnitureFittings2023-01-012023-12-3113982612core:OfficeEquipment2023-01-012023-12-3113982612core:NetGoodwill2023-01-012023-12-3113982612core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3113982612core:ListedExchangeTraded2023-01-012023-12-3113982612core:UnlistedNon-exchangeTraded2023-01-012023-12-3113982612core:MoreThanFiveYears2023-01-012023-12-3113982612core:Non-currentFinancialInstruments2023-12-3113982612core:Non-currentFinancialInstruments2022-12-3113982612dpl:CostSales2023-01-012023-12-3113982612dpl:DistributionCosts2023-01-012023-12-3113982612core:LandBuildings2023-01-012023-12-3113982612core:PlantMachinery2023-01-012023-12-3113982612core:Vehicles2023-01-012023-12-3113982612core:FurnitureFittings2023-01-012023-12-3113982612core:OfficeEquipment2023-01-012023-12-3113982612dpl:AdministrativeExpenses2023-01-012023-12-3113982612core:NetGoodwill2023-01-012023-12-3113982612core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3113982612dpl:GroupUndertakings2023-01-012023-12-3113982612dpl:ParticipatingInterests2023-01-012023-12-3113982612dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3113982612core:ListedExchangeTraded2023-01-012023-12-3113982612dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3113982612core:UnlistedNon-exchangeTraded2023-01-012023-12-3113982612dpl:CostSales2022-03-172022-12-3113982612dpl:DistributionCosts2022-03-172022-12-3113982612core:LandBuildings2022-03-172022-12-3113982612core:PlantMachinery2022-03-172022-12-3113982612core:Vehicles2022-03-172022-12-3113982612core:FurnitureFittings2022-03-172022-12-3113982612core:OfficeEquipment2022-03-172022-12-3113982612dpl:AdministrativeExpenses2022-03-172022-12-3113982612core:NetGoodwill2022-03-172022-12-3113982612core:IntangibleAssetsOtherThanGoodwill2022-03-172022-12-3113982612dpl:GroupUndertakings2022-03-172022-12-3113982612dpl:ParticipatingInterests2022-03-172022-12-3113982612dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-172022-12-3113982612core:ListedExchangeTraded2022-03-172022-12-3113982612dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-172022-12-3113982612core:UnlistedNon-exchangeTraded2022-03-172022-12-3113982612core:NetGoodwill2023-12-3113982612core:IntangibleAssetsOtherThanGoodwill2023-12-3113982612core:LandBuildings2023-12-3113982612core:PlantMachinery2023-12-3113982612core:Vehicles2023-12-3113982612core:FurnitureFittings2023-12-3113982612core:OfficeEquipment2023-12-3113982612core:AfterOneYear2023-12-3113982612core:WithinOneYear2023-12-3113982612core:ListedExchangeTraded2023-12-3113982612core:UnlistedNon-exchangeTraded2023-12-3113982612core:ShareCapital2023-12-3113982612core:SharePremium2023-12-3113982612core:RevaluationReserve2023-12-3113982612core:OtherReservesSubtotal2023-12-3113982612core:RetainedEarningsAccumulatedLosses2023-12-3113982612core:NetGoodwill2022-12-3113982612core:IntangibleAssetsOtherThanGoodwill2022-12-3113982612core:LandBuildings2022-12-3113982612core:PlantMachinery2022-12-3113982612core:Vehicles2022-12-3113982612core:FurnitureFittings2022-12-3113982612core:OfficeEquipment2022-12-3113982612core:AfterOneYear2022-12-3113982612core:WithinOneYear2022-12-3113982612core:ListedExchangeTraded2022-12-3113982612core:UnlistedNon-exchangeTraded2022-12-3113982612core:ShareCapital2022-12-3113982612core:SharePremium2022-12-3113982612core:RevaluationReserve2022-12-3113982612core:OtherReservesSubtotal2022-12-3113982612core:RetainedEarningsAccumulatedLosses2022-12-3113982612core:NetGoodwill2022-03-1713982612core:IntangibleAssetsOtherThanGoodwill2022-03-1713982612core:LandBuildings2022-03-1713982612core:PlantMachinery2022-03-1713982612core:Vehicles2022-03-1713982612core:FurnitureFittings2022-03-1713982612core:OfficeEquipment2022-03-1713982612core:AfterOneYear2022-03-1713982612core:WithinOneYear2022-03-1713982612core:ListedExchangeTraded2022-03-1713982612core:UnlistedNon-exchangeTraded2022-03-1713982612core:ShareCapital2022-03-1713982612core:SharePremium2022-03-1713982612core:RevaluationReserve2022-03-1713982612core:OtherReservesSubtotal2022-03-1713982612core:RetainedEarningsAccumulatedLosses2022-03-1713982612core:AfterOneYear2023-01-012023-12-3113982612core:WithinOneYear2023-01-012023-12-3113982612core:Non-currentFinancialInstrumentscore:CostValuation2023-01-012023-12-3113982612core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-012023-12-3113982612core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-012023-12-3113982612core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-012023-12-3113982612core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-012023-12-3113982612core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-012023-12-3113982612core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3113982612core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3113982612core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3113982612core:Non-currentFinancialInstrumentscore:CostValuation2023-12-3113982612core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-12-3113982612core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-12-3113982612core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-12-3113982612core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-3113982612core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-12-3113982612core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-12-3113982612core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-12-3113982612core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-12-3113982612core:Non-currentFinancialInstrumentscore:CostValuation2022-12-3113982612core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-12-3113982612core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-12-3113982612core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-12-3113982612core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-12-3113982612core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-12-3113982612core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-12-3113982612core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-12-3113982612core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-12-3113982612bus:Director12023-01-012023-12-3113982612bus:Director22023-01-012023-12-3113982612bus:Director32023-01-012023-12-31

NXTLVL Education Ltd

Registered Number
13982612
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

NXTLVL Education Ltd
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

M Gkontas
K Papazafeiropoulos
A Xydas

Registered Address

Building 423 - Sky View (Ro) Argosy Road, Castle Donington
East Midlands Airport
Derby
DE74 2SA

Registered Number

13982612 (England and Wales)
NXTLVL Education Ltd
Statement of Financial Position
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets33,4841,945
Investments4215,392887
218,8762,832
Current assets
Debtors529,4173,452
Cash at bank and on hand185,789354,103
215,206357,555
Creditors amounts falling due within one year6(39,041)(50,436)
Net current assets (liabilities)176,165307,119
Total assets less current liabilities395,041309,951
Provisions for liabilities7(871)-
Net assets394,170309,951
Capital and reserves
Called up share capital916800
Other reserves1,511,847601,780
Profit and loss account(1,118,593)(292,629)
Shareholders' funds394,170309,951
The financial statements were approved and authorised for issue by the Board of Directors on 23 September 2024, and are signed on its behalf by:
M Gkontas
Director
Registered Company No. 13982612
NXTLVL Education Ltd
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention.
Functional and presentation currency
The financial statements are presented in pound sterling (£), which is the company's functional currency, and figures are rounded to the nearest whole pound.
Going concern
The financial statements have been prepared on a going-concern basis. The company incurred losses during the year, however, the directors believe the company has sufficient reserves to meet its obligations, if and when, they become due. The directors are therefore of the opinion that they should adopt the going concern basis of accounting in preparing the financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value-added tax, and other sales taxes.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Foreign currency translation
Foreign currency transactions are translated into functional currency using the spot exchange rates at the dates of the transactions. At each reporting period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at the period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the income statement.
Current taxation
Taxation for the year comprises current 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 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 statement of financial position date. Tax credits shown on the income statement represent tax credits received or receivable from HMRC as a result of claims made under HMRC’s R&D tax relief schemes.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Research and development
Revenue expenditure on research and development is written off to the income statement in the period in which it is incurred. The company makes claims under the SME R&D tax relief scheme. Tax credits arising from claims under the SME R&D tax relief scheme are reflected as a reduction in the Corporation Tax charge or, if loss making, as a Corporation Tax credit. Tax credits received or receivable from R&D claims are recognised in the reporting period in which the qualifying expenditure is incurred.
Tangible fixed assets and depreciation
Tangible assets are stated at cost (or deemed cost), less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Straight line (years)
Plant and machinery5
Office Equipment3
Investments
Investments in subsidiaries, associates, and joint ventures are measured at cost less any accumulated impairment losses.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Financial instruments
The Company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments. The Company only enters into basic financial instruments 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 non puttable 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 the 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 financed at a rate of interest that is not a market rate or in the case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost. Financial assets and liabilities are offset and the net amount is reported in the Statement of Financial Position 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.
2.Average number of employees

20232022
Average number of employees during the year00
3.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 January 23-2,3592,359
Additions3332,2492,582
At 31 December 233334,6084,941
Depreciation and impairment
At 01 January 23-414414
Charge for year11,0421,043
At 31 December 2311,4561,457
Net book value
At 31 December 233323,1523,484
At 31 December 22-1,9451,945
4.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 January 23887887
Additions214,505214,505
At 31 December 23215,392215,392
Net book value
At 31 December 23215,392215,392
At 31 December 22887887

Notes

1Investments in group undertakings and participating interests
5.Debtors: amounts due within one year

2023

2022

££
Other debtors26,4442,385
Prepayments and accrued income2,9731,067
Total29,4173,452
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables20,05038,322
Amounts owed to related parties12,59812,114
Accrued liabilities and deferred income6,393-
Total39,04150,436
7.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)871-
Total871-
8.Controlling party
The directors consider there to be no ultimate controlling party.
9.Parent-subsidiary relationships
The financial statements contain information about NXTLVL Education Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.