2023-09-012024-08-312024-08-31false07552260EDUC8 LIVERPOOL LIMITED2025-05-1285320falseiso4217:GBPxbrli:pure075522602023-09-01075522602024-08-31075522602023-09-012024-08-31075522602022-09-01075522602023-08-31075522602022-09-012023-08-3107552260bus:SmallEntities2023-09-012024-08-3107552260bus:AuditExempt-NoAccountantsReport2023-09-012024-08-3107552260bus:AbridgedAccounts2023-09-012024-08-3107552260bus:PrivateLimitedCompanyLtd2023-09-012024-08-3107552260core:WithinOneYear2024-08-3107552260core:AfterOneYear2024-08-3107552260core:WithinOneYear2023-08-3107552260core:AfterOneYear2023-08-3107552260core:ShareCapital2024-08-3107552260core:SharePremium2024-08-3107552260core:RevaluationReserve2024-08-3107552260core:OtherReservesSubtotal2024-08-3107552260core:RetainedEarningsAccumulatedLosses2024-08-3107552260core:ShareCapital2023-08-3107552260core:SharePremium2023-08-3107552260core:RevaluationReserve2023-08-3107552260core:OtherReservesSubtotal2023-08-3107552260core:RetainedEarningsAccumulatedLosses2023-08-3107552260core:LandBuildings2024-08-3107552260core:PlantMachinery2024-08-3107552260core:Vehicles2024-08-3107552260core:FurnitureFittings2024-08-3107552260core:OfficeEquipment2024-08-3107552260core:NetGoodwill2024-08-3107552260core:IntangibleAssetsOtherThanGoodwill2024-08-3107552260core:ListedExchangeTraded2024-08-3107552260core:UnlistedNon-exchangeTraded2024-08-3107552260core:LandBuildings2023-08-3107552260core:PlantMachinery2023-08-3107552260core:Vehicles2023-08-3107552260core:FurnitureFittings2023-08-3107552260core:OfficeEquipment2023-08-3107552260core:NetGoodwill2023-08-3107552260core:IntangibleAssetsOtherThanGoodwill2023-08-3107552260core:ListedExchangeTraded2023-08-3107552260core:UnlistedNon-exchangeTraded2023-08-3107552260core:LandBuildings2023-09-012024-08-3107552260core:PlantMachinery2023-09-012024-08-3107552260core:Vehicles2023-09-012024-08-3107552260core:FurnitureFittings2023-09-012024-08-3107552260core:OfficeEquipment2023-09-012024-08-3107552260core:NetGoodwill2023-09-012024-08-3107552260core:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3107552260core:ListedExchangeTraded2023-09-012024-08-3107552260core:UnlistedNon-exchangeTraded2023-09-012024-08-3107552260core:MoreThanFiveYears2023-09-012024-08-3107552260core:Non-currentFinancialInstruments2024-08-3107552260core:Non-currentFinancialInstruments2023-08-3107552260dpl:CostSales2023-09-012024-08-3107552260dpl:DistributionCosts2023-09-012024-08-3107552260core:LandBuildings2023-09-012024-08-3107552260core:PlantMachinery2023-09-012024-08-3107552260core:Vehicles2023-09-012024-08-3107552260core:FurnitureFittings2023-09-012024-08-3107552260core:OfficeEquipment2023-09-012024-08-3107552260dpl:AdministrativeExpenses2023-09-012024-08-3107552260core:NetGoodwill2023-09-012024-08-3107552260core:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3107552260dpl:GroupUndertakings2023-09-012024-08-3107552260dpl:ParticipatingInterests2023-09-012024-08-3107552260dpl:GroupUndertakingscore:ListedExchangeTraded2023-09-012024-08-3107552260core:ListedExchangeTraded2023-09-012024-08-3107552260dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-09-012024-08-3107552260core:UnlistedNon-exchangeTraded2023-09-012024-08-3107552260dpl:CostSales2022-09-012023-08-3107552260dpl:DistributionCosts2022-09-012023-08-3107552260core:LandBuildings2022-09-012023-08-3107552260core:PlantMachinery2022-09-012023-08-3107552260core:Vehicles2022-09-012023-08-3107552260core:FurnitureFittings2022-09-012023-08-3107552260core:OfficeEquipment2022-09-012023-08-3107552260dpl:AdministrativeExpenses2022-09-012023-08-3107552260core:NetGoodwill2022-09-012023-08-3107552260core:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3107552260dpl:GroupUndertakings2022-09-012023-08-3107552260dpl:ParticipatingInterests2022-09-012023-08-3107552260dpl:GroupUndertakingscore:ListedExchangeTraded2022-09-012023-08-3107552260core:ListedExchangeTraded2022-09-012023-08-3107552260dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-09-012023-08-3107552260core:UnlistedNon-exchangeTraded2022-09-012023-08-3107552260core:NetGoodwill2024-08-3107552260core:IntangibleAssetsOtherThanGoodwill2024-08-3107552260core:LandBuildings2024-08-3107552260core:PlantMachinery2024-08-3107552260core:Vehicles2024-08-3107552260core:FurnitureFittings2024-08-3107552260core:OfficeEquipment2024-08-3107552260core:AfterOneYear2024-08-3107552260core:WithinOneYear2024-08-3107552260core:ListedExchangeTraded2024-08-3107552260core:UnlistedNon-exchangeTraded2024-08-3107552260core:ShareCapital2024-08-3107552260core:SharePremium2024-08-3107552260core:RevaluationReserve2024-08-3107552260core:OtherReservesSubtotal2024-08-3107552260core:RetainedEarningsAccumulatedLosses2024-08-3107552260core:NetGoodwill2023-08-3107552260core:IntangibleAssetsOtherThanGoodwill2023-08-3107552260core:LandBuildings2023-08-3107552260core:PlantMachinery2023-08-3107552260core:Vehicles2023-08-3107552260core:FurnitureFittings2023-08-3107552260core:OfficeEquipment2023-08-3107552260core:AfterOneYear2023-08-3107552260core:WithinOneYear2023-08-3107552260core:ListedExchangeTraded2023-08-3107552260core:UnlistedNon-exchangeTraded2023-08-3107552260core:ShareCapital2023-08-3107552260core:SharePremium2023-08-3107552260core:RevaluationReserve2023-08-3107552260core:OtherReservesSubtotal2023-08-3107552260core:RetainedEarningsAccumulatedLosses2023-08-3107552260core:NetGoodwill2022-09-0107552260core:IntangibleAssetsOtherThanGoodwill2022-09-0107552260core:LandBuildings2022-09-0107552260core:PlantMachinery2022-09-0107552260core:Vehicles2022-09-0107552260core:FurnitureFittings2022-09-0107552260core:OfficeEquipment2022-09-0107552260core:AfterOneYear2022-09-0107552260core:WithinOneYear2022-09-0107552260core:ListedExchangeTraded2022-09-0107552260core:UnlistedNon-exchangeTraded2022-09-0107552260core:ShareCapital2022-09-0107552260core:SharePremium2022-09-0107552260core:RevaluationReserve2022-09-0107552260core:OtherReservesSubtotal2022-09-0107552260core:RetainedEarningsAccumulatedLosses2022-09-0107552260core:AfterOneYear2023-09-012024-08-3107552260core:WithinOneYear2023-09-012024-08-3107552260core:Non-currentFinancialInstrumentscore:CostValuation2023-09-012024-08-3107552260core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-09-012024-08-3107552260core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-09-012024-08-3107552260core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-09-012024-08-3107552260core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-09-012024-08-3107552260core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-09-012024-08-3107552260core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-09-012024-08-3107552260core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-09-012024-08-3107552260core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-09-012024-08-3107552260core:Non-currentFinancialInstrumentscore:CostValuation2024-08-3107552260core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-08-3107552260core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-08-3107552260core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-08-3107552260core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-08-3107552260core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-08-3107552260core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-08-3107552260core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-08-3107552260core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-08-3107552260core:Non-currentFinancialInstrumentscore:CostValuation2023-08-3107552260core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-08-3107552260core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-08-3107552260core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-08-3107552260core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-08-3107552260core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-08-3107552260core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-08-3107552260core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-08-3107552260core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-08-3107552260bus:Director12023-09-012024-08-31075522601bus:Director12023-09-01075522601bus:Director12023-09-012024-08-31075522601bus:Director12024-08-31075522602023-09-01075522602023-09-012024-08-31075522602024-08-31

EDUC8 LIVERPOOL LIMITED

Registered Number
07552260
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

EDUC8 LIVERPOOL LIMITED
Company Information
for the year from 1 September 2023 to 31 August 2024

Director

PRINCE, Neil Michael

Registered Address

96 Harington Road
Formby
Liverpool
L37 1PZ

Place of Business

Star of the Sea Building

Elm Road

Seaforth

Merseyside

L21 3TG


Registered Number

07552260 (England and Wales)
EDUC8 LIVERPOOL LIMITED
Statement of Financial Position
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets4348,514334,110
348,514334,110
Current assets
Debtors5246,21238,036
Cash at bank and on hand16,53813,121
262,75051,157
Creditors amounts falling due within one year6(322,258)(136,735)
Net current assets (liabilities)(59,508)(85,578)
Total assets less current liabilities289,006248,532
Creditors amounts falling due after one year7(206,533)(212,457)
Net assets82,47336,075
Capital and reserves
Profit and loss account82,47336,075
Shareholders' funds82,47336,075
The financial statements were approved and authorised for issue by the Director on 12 May 2025, and are signed on its behalf by:
PRINCE, Neil Michael
Director
Registered Company No. 07552260
EDUC8 LIVERPOOL LIMITED
Notes to the Financial Statements
for the year ended 31 August 2024

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
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
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.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
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.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
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.
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
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
Government grants or assistance
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
2.Average number of employees

20242023
Average number of employees during the year76
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 September 23352,954
Additions22,650
At 31 August 24375,604
Depreciation and impairment
At 01 September 2318,844
Charge for year8,246
At 31 August 2427,090
Net book value
At 31 August 24348,514
At 31 August 23334,110
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables232,32711,908
Amounts owed by associates and joint ventures / participating interests-10,000
Other debtors2,65910,960
Prepayments and accrued income11,2265,168
Total246,21238,036
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables34,43038,606
Bank borrowings and overdrafts8,36015,735
Amounts owed to related parties35,00063,451
Taxation and social security16,4744,946
Other creditors2,5021,777
Accrued liabilities and deferred income225,49212,220
Total322,258136,735
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts206,533212,457
Total206,533212,457
8.Secured creditors
Of the creditors falling due within and after more than one year the following amounts are secured. A mortgage with Atom Bank PLC is secured by a fixed charge over the business premises Our Lady Star of the Sea, Seaforth. Bank Loans and overdrafts: 2024 £190,766 2023 £193,701
9.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
PRINCE, Neil Michael35,00010,00022,50022,500
35,00010,00022,50022,500
Included within Creditors 'Amounts owed to related parties' are the following loans to directors. The above loan is unsecured, interest free and repayable on demand.
10.Share capital
Allotted, Called up and fully paid: 2024 £100 2023 £100
11.Related party transactions
A loan creditor to the value of £12,500 persisted (prior year £25,000) with Educ8 Business Consultancy Ltd. This is shown within Creditors 'Amounts owed to related parties'. They are not going to withdraw until the company has sufficient funds to repay without affecting the cashflow of the company. In addition management charges were raised to the value of £49,949 (previous year £51,341) to Educ8 Liverpool Ltd. Educ8 Business Consultancy Ltd is owned by Tim Warner and Jevon Payne who are also shareholders of Educ8 Liverpool Ltd.