Beacon Education Partnership Limited 07590970 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is the provision of training. Digita Accounts Production Advanced 6.30.9574.0 true true 07590970 2023-09-01 2024-08-31 07590970 2024-08-31 07590970 core:RetainedEarningsAccumulatedLosses 2024-08-31 07590970 core:ShareCapital 2024-08-31 07590970 core:SharePremium 2024-08-31 07590970 core:CurrentFinancialInstruments 2024-08-31 07590970 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 07590970 core:OtherResidualIntangibleAssets 2024-08-31 07590970 core:FurnitureFittingsToolsEquipment 2024-08-31 07590970 bus:SmallEntities 2023-09-01 2024-08-31 07590970 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 07590970 bus:FilletedAccounts 2023-09-01 2024-08-31 07590970 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 07590970 bus:RegisteredOffice 2023-09-01 2024-08-31 07590970 bus:Director2 2023-09-01 2024-08-31 07590970 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 07590970 core:IntangibleAssetsOtherThanGoodwill 2023-09-01 2024-08-31 07590970 core:OtherResidualIntangibleAssets 2023-09-01 2024-08-31 07590970 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 07590970 core:OfficeEquipment 2023-09-01 2024-08-31 07590970 countries:AllCountries 2023-09-01 2024-08-31 07590970 2023-08-31 07590970 core:OtherResidualIntangibleAssets 2023-08-31 07590970 core:FurnitureFittingsToolsEquipment 2023-08-31 07590970 2022-09-01 2023-08-31 07590970 2023-08-31 07590970 core:RetainedEarningsAccumulatedLosses 2023-08-31 07590970 core:ShareCapital 2023-08-31 07590970 core:SharePremium 2023-08-31 07590970 core:CurrentFinancialInstruments 2023-08-31 07590970 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 07590970 core:OtherResidualIntangibleAssets 2023-08-31 07590970 core:FurnitureFittingsToolsEquipment 2023-08-31 iso4217:GBP xbrli:pure

Registration number: 07590970

Beacon Education Partnership Limited

Annual Report and Financial Statements

for the Year Ended 31 August 2024

 

Beacon Education Partnership Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Beacon Education Partnership Limited

Company registration number: 07590970
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

48,200

120,000

Tangible assets

5

25,929

17,804

 

74,129

137,804

Current assets

 

Debtors

120,793

-

Cash at bank and in hand

 

730,991

422,849

 

851,784

422,849

Creditors: Amounts falling due within one year

6

(278,131)

(210,885)

Net current assets

 

573,653

211,964

Total assets less current liabilities

 

647,782

349,768

Provisions for liabilities

(7,282)

(3,831)

Net assets

 

640,500

345,937

Capital and reserves

 

Called up share capital

200

200

Share premium reserve

99,900

99,900

Retained earnings

540,400

245,837

Shareholders' funds

 

640,500

345,937

Continued ...

 

Beacon Education Partnership Limited

Company registration number: 07590970
Balance Sheet as at 31 August 2024 (continued)

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 16 September 2024 and signed on its behalf by:
 

.........................................
Mr CT Wilkins
Director

 

Beacon Education Partnership Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
85-87 Bayham Street
Camden
LONDON
NW1 0AG

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for any items which may be disclosed in the accounting policies as shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

 

Beacon Education Partnership Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 August 2024 (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment

25% per annum based on net book value

Intangible assets

Intangible assets represent the acquisition of an online learner delivery platform and are stated in the balance sheet at cost, less amortisation to date.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Online platform

Straight line over five years

Defined contribution pension obligation

The company operates a defined contribution pension plan under which fixed contributions are paid into a pension fund. Contributions are recognised as employee benefit expense when they are due.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2023 - 13).

 

Beacon Education Partnership Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 August 2024 (continued)

4

Intangible assets

Online platform
 £

Total
£

Cost or valuation

At 1 September 2023

375,000

375,000

Additions acquired separately

4,000

4,000

At 31 August 2024

379,000

379,000

Amortisation

At 1 September 2023

255,000

255,000

Amortisation charge

75,800

75,800

At 31 August 2024

330,800

330,800

Carrying amount

At 31 August 2024

48,200

48,200

At 31 August 2023

120,000

120,000

5

Tangible assets

Equipment
 £

Total
£

Cost or valuation

At 1 September 2023

51,154

51,154

Additions

16,768

16,768

At 31 August 2024

67,922

67,922

Depreciation

At 1 September 2023

33,350

33,350

Charge for the year

8,643

8,643

At 31 August 2024

41,993

41,993

Carrying amount

At 31 August 2024

25,929

25,929

At 31 August 2023

17,804

17,804

 

Beacon Education Partnership Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 August 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Taxation and social security

277,230

209,985

Other creditors

901

900

278,131

210,885