IRIS Accounts Production v25.1.0.734 12202338 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh122023382023-12-31122023382024-12-31122023382024-01-012024-12-31122023382022-12-31122023382023-01-012023-12-31122023382023-12-3112202338ns15:EnglandWales2024-01-012024-12-3112202338ns14:PoundSterling2024-01-012024-12-3112202338ns10:Director12024-01-012024-12-3112202338ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3112202338ns10:SmallEntities2024-01-012024-12-3112202338ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3112202338ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3112202338ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3112202338ns10:FullAccounts2024-01-012024-12-311220233812024-01-012024-12-3112202338ns10:Director22024-01-012024-12-3112202338ns10:Director32024-01-012024-12-3112202338ns10:RegisteredOffice2024-01-012024-12-3112202338ns5:CurrentFinancialInstruments2024-12-3112202338ns5:CurrentFinancialInstruments2023-12-3112202338ns5:Non-currentFinancialInstruments2024-12-3112202338ns5:Non-currentFinancialInstruments2023-12-3112202338ns5:ShareCapital2024-12-3112202338ns5:ShareCapital2023-12-3112202338ns5:SharePremium2024-12-3112202338ns5:SharePremium2023-12-3112202338ns5:FurtherSpecificReserve1ComponentTotalEquity2024-12-3112202338ns5:FurtherSpecificReserve1ComponentTotalEquity2023-12-3112202338ns5:RetainedEarningsAccumulatedLosses2024-12-3112202338ns5:RetainedEarningsAccumulatedLosses2023-12-3112202338ns5:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3112202338ns5:ComputerSoftware2024-01-012024-12-3112202338ns5:FurnitureFittings2024-01-012024-12-3112202338ns5:ComputerEquipment2024-01-012024-12-3112202338ns5:IntangibleAssetsOtherThanGoodwill2023-12-3112202338ns5:IntangibleAssetsOtherThanGoodwill2024-12-3112202338ns5:IntangibleAssetsOtherThanGoodwill2023-12-3112202338ns5:FurnitureFittings2023-12-3112202338ns5:ComputerEquipment2023-12-3112202338ns5:FurnitureFittings2024-12-3112202338ns5:ComputerEquipment2024-12-3112202338ns5:FurnitureFittings2023-12-3112202338ns5:ComputerEquipment2023-12-3112202338ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3112202338ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3112202338ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-12-3112202338ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-12-3112202338ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-12-3112202338ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-31
REGISTERED NUMBER: 12202338 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

CAPSLOCK EDUCATION LTD

CAPSLOCK EDUCATION LTD (REGISTERED NUMBER: 12202338)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAPSLOCK EDUCATION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: Ms L L Armitage
Dr A J Cullen
Mr D W McIntyre





REGISTERED OFFICE: Percy Westhead & Company
Hanover House
30-32 Charlotte Street
Manchester
M1 4FD





REGISTERED NUMBER: 12202338 (England and Wales)





ACCOUNTANTS: Percy Westhead & Company
Chartered Accountants
Hanover House
30-32 Charlotte Street
Manchester
M1 4FD

CAPSLOCK EDUCATION LTD (REGISTERED NUMBER: 12202338)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,104
Tangible assets 5 10,534 13,133
10,534 14,237

CURRENT ASSETS
Debtors 6 894,153 927,634
Cash at bank 561,820 347,889
1,455,973 1,275,523
CREDITORS
Amounts falling due within one year 7 273,416 370,393
NET CURRENT ASSETS 1,182,557 905,130
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,193,091

919,367

CREDITORS
Amounts falling due after more than one
year

8

(13,093

)

(23,707

)

PROVISIONS FOR LIABILITIES (2,634 ) -
NET ASSETS 1,177,364 895,660

CAPITAL AND RESERVES
Called up share capital 133 169
Share premium 714,674 845,034
Share option reserve 23,960 48,548
Retained earnings 438,597 1,909
1,177,364 895,660

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 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.

CAPSLOCK EDUCATION LTD (REGISTERED NUMBER: 12202338)

BALANCE SHEET - continued
31ST DECEMBER 2024


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 20th March 2025 and were signed on its behalf by:





Dr A J Cullen - Director


CAPSLOCK EDUCATION LTD (REGISTERED NUMBER: 12202338)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

Capslock Education 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue from the provision of training courses is measured at the consideration receivable which equates to the invoiced amounts, excluding discounts, rebates, value added tax and other sales taxes.

Invoices for training courses provided are raised on the basis of contract terms which have been agreed by the customer. Revenue is recognised in the income account over the period of the associated course or at fair value when settlement is deferred and subject to future performance obligations (e.g. in the case of Future Earnings Agreements (FEAs) or Department for Education (DfE) funding). Fair value is calculated as the net present value of the outstanding contracts at the year end.

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.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on cost
Computer equipment - 50% 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

CAPSLOCK EDUCATION LTD (REGISTERED NUMBER: 12202338)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

2. ACCOUNTING POLICIES - continued

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.

Emi share option scheme
The company operates an EMI Share Option Scheme. The scheme provides for the purchase of shares in the company by eligible employees and is subject to vesting terms and holding conditions. The fair value is recognised over the vesting period. The amount of expense recognised takes into account the best available estimate of the number of equity instruments expected to vest under the service conditions underlying each option awarded. As a small company preparing accounts under FRS102 Section 1A no further disclosure is required.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 27 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st January 2024
and 31st December 2024 6,627
AMORTISATION
At 1st January 2024 5,523
Charge for year 1,104
At 31st December 2024 6,627
NET BOOK VALUE
At 31st December 2024 -
At 31st December 2023 1,104

CAPSLOCK EDUCATION LTD (REGISTERED NUMBER: 12202338)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

5. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
COST
At 1st January 2024 6,550 21,006 27,556
Additions - 6,937 6,937
At 31st December 2024 6,550 27,943 34,493
DEPRECIATION
At 1st January 2024 1,928 12,495 14,423
Charge for year 1,638 7,898 9,536
At 31st December 2024 3,566 20,393 23,959
NET BOOK VALUE
At 31st December 2024 2,984 7,550 10,534
At 31st December 2023 4,622 8,511 13,133

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 26,846 159,503
Other debtors 1,500 -
VAT - 20,143
Deferred tax asset - 59,536
Called up share capital not paid 11,107 11,107
Prepayments and accrued income 854,700 677,345
894,153 927,634

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,820 10,124
Trade creditors 5,865 86,336
Corporation tax 52,474 -
Social security and other taxes 27,142 38,202
VAT 41,754 -
Accruals and deferred income 136,361 235,731
273,416 370,393

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 9,820 10,124
Bank loans - 2-5 years 3,273 13,583
13,093 23,707