Caseware UK (AP4) 2024.0.164 2024.0.164 51true2023-08-01falseTechnical and vocational secondary education54trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05446414 2023-08-01 2024-07-31 05446414 2022-08-01 2023-07-31 05446414 2024-07-31 05446414 2023-07-31 05446414 c:Director1 2023-08-01 2024-07-31 05446414 d:Buildings 2023-08-01 2024-07-31 05446414 d:Buildings 2024-07-31 05446414 d:Buildings 2023-07-31 05446414 d:Buildings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 05446414 d:Buildings d:ShortLeaseholdAssets 2023-08-01 2024-07-31 05446414 d:Buildings d:ShortLeaseholdAssets 2024-07-31 05446414 d:Buildings d:ShortLeaseholdAssets 2023-07-31 05446414 d:PlantMachinery 2023-08-01 2024-07-31 05446414 d:PlantMachinery 2024-07-31 05446414 d:PlantMachinery 2023-07-31 05446414 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 05446414 d:MotorVehicles 2023-08-01 2024-07-31 05446414 d:MotorVehicles 2024-07-31 05446414 d:MotorVehicles 2023-07-31 05446414 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 05446414 d:FurnitureFittings 2023-08-01 2024-07-31 05446414 d:FurnitureFittings 2024-07-31 05446414 d:FurnitureFittings 2023-07-31 05446414 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 05446414 d:OfficeEquipment 2023-08-01 2024-07-31 05446414 d:OfficeEquipment 2024-07-31 05446414 d:OfficeEquipment 2023-07-31 05446414 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 05446414 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 05446414 d:CurrentFinancialInstruments 2024-07-31 05446414 d:CurrentFinancialInstruments 2023-07-31 05446414 d:Non-currentFinancialInstruments 2024-07-31 05446414 d:Non-currentFinancialInstruments 2023-07-31 05446414 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 05446414 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 05446414 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 05446414 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 05446414 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-07-31 05446414 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 05446414 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-07-31 05446414 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-31 05446414 d:ShareCapital 2024-07-31 05446414 d:ShareCapital 2023-07-31 05446414 d:RetainedEarningsAccumulatedLosses 2024-07-31 05446414 d:RetainedEarningsAccumulatedLosses 2023-07-31 05446414 c:OrdinaryShareClass1 2023-08-01 2024-07-31 05446414 c:OrdinaryShareClass1 2024-07-31 05446414 c:OrdinaryShareClass1 2023-07-31 05446414 c:FRS102 2023-08-01 2024-07-31 05446414 c:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 05446414 c:FullAccounts 2023-08-01 2024-07-31 05446414 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 05446414 d:HirePurchaseContracts d:WithinOneYear 2024-07-31 05446414 d:HirePurchaseContracts d:WithinOneYear 2023-07-31 05446414 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-07-31 05446414 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-07-31 05446414 2 2023-08-01 2024-07-31 05446414 e:PoundSterling 2023-08-01 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05446414










Carmichael Education Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 July 2024


 
Carmichael Education Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Carmichael Education Limited for the year ended 31 July 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Carmichael Education Limited for the year ended 31 July 2024 which comprise  the Balance sheet 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 at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Carmichael Education Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Carmichael Education Limited and state those matters that we have agreed to state to the Board of directors of Carmichael Education Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Carmichael Education Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Carmichael Education Limited 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 profit of Carmichael Education Limited. You consider that Carmichael Education Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Carmichael Education Limited. 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.

  



Kreston Reeves LLP
 
Chartered Accountants
  
Canterbury
24 April 2025
Page 1

 
Carmichael Education Limited
Registered number: 05446414

Balance sheet
As at 31 July 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,633,734
1,601,184

  
1,633,734
1,601,184

Current assets
  

Debtors: amounts falling due within one year
 5 
87,501
77,903

Cash at bank and in hand
  
298,981
276,975

  
386,482
354,878

Creditors: amounts falling due within one year
 6 
(238,695)
(230,226)

Net current assets
  
 
 
147,787
 
 
124,652

Total assets less current liabilities
  
1,781,521
1,725,836

Creditors: amounts falling due after more than one year
 7 
(699,410)
(672,835)

  

Net assets
  
1,082,111
1,053,001


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
1,082,011
1,052,901

  
1,082,111
1,053,001


Page 2

 
Carmichael Education Limited
Registered number: 05446414

Balance sheet (continued)
As at 31 July 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 income and retained earnings 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 on 24 April 2025.




C Lorne
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
Carmichael Education Limited
 

 
Notes to the financial statements
For the year ended 31 July 2024

1.


General information

Carmichael Education Limited is a private company limited by shares and is incorporated in England and Wales with the registration number 05446414. 
The address of the registered office is 37 St Margaret's Street, Canterbury, Kent CT1 2TU. 
The principle activity of the company in the year under review was that of the provision of education services.
The accounts are presented in Pounds Sterling and rounded to the nearest pound.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

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:

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.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Interest income

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

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
Carmichael Education Limited
 

 
Notes to the financial statements
For the year ended 31 July 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

Taxation

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.


 
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, on the following bases.

Depreciation is provided on the following basis:

S/Term Leasehold Property
-
10% reducing balance
Plant & machinery and
Office equipment
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Computer Equipment
-
15% reducing balance

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.

Page 5

 
Carmichael Education Limited
 

 
Notes to the financial statements
For the year ended 31 July 2024

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 54 (2023 - 51).


4.


Tangible fixed assets





Freehold property
S/Term Leasehold Property
Plant & machinery
Motor vehicles
Fixtures & fittings

£
£
£
£
£



Cost or valuation


At 1 August 2023
1,042,024
504,577
244,663
54,608
134,156


Additions
26,143
11,978
-
95,866
3,697



At 31 July 2024

1,068,167
516,555
244,663
150,474
137,853



Depreciation


At 1 August 2023
-
155,181
153,397
44,643
82,973


Charge for the year on owned assets
-
36,061
22,815
26,457
13,718



At 31 July 2024

-
191,242
176,212
71,100
96,691



Net book value



At 31 July 2024
1,068,167
325,313
68,451
79,374
41,162



At 31 July 2023
1,042,024
349,396
91,266
9,965
51,183
Page 6

 
Carmichael Education Limited
 

 
Notes to the financial statements
For the year ended 31 July 2024

           4.Tangible fixed assets (continued)


Office equipment
Total

£
£



Cost or valuation


At 1 August 2023
141,767
2,121,795


Additions
2,965
140,649



At 31 July 2024

144,732
2,262,444



Depreciation


At 1 August 2023
84,418
520,612


Charge for the year on owned assets
9,047
108,098



At 31 July 2024

93,465
628,710



Net book value



At 31 July 2024
51,267
1,633,734



At 31 July 2023
57,349
1,601,183


5.


Debtors

2024
2023
£
£


Other debtors
30,633
31,892

Prepayments and accrued income
56,868
46,011

87,501
77,903


Page 7

 
Carmichael Education Limited
 

 
Notes to the financial statements
For the year ended 31 July 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
6
7,099

Bank loans
74,294
74,294

Trade creditors
22,951
15,377

Corporation tax
91,090
89,521

Other taxation and social security
28,519
30,605

Obligations under finance lease and hire purchase contracts
5,936
-

Other creditors
15,899
13,330

238,695
230,226



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
668,524
672,835

Net obligations under finance leases and hire purchase contracts
30,886
-

699,410
672,835



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
74,294
74,294


74,294
74,294

Amounts falling due 1-2 years

Bank loans
74,294
74,294


74,294
74,294

Amounts falling due 2-5 years

Bank loans
594,230
598,541


594,230
598,541


742,818
747,129


Page 8

 
Carmichael Education Limited
 

 
Notes to the financial statements
For the year ended 31 July 2024

9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
5,936
-

Between 1-5 years
30,886
-

36,822
-


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



11.


Related party transactions

During the year all director's remuneration paid by the company was done so under normal market conditions. 


12.


Controlling party

Mr and Mrs Lorne control the company by virtue of their combined 100% shareholding.


Page 9