Acorah Software Products - Accounts Production 16.2.850 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 09912552 Mr R Flackett Mr S Yang false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09912552 2023-08-31 09912552 2024-08-31 09912552 2023-09-01 2024-08-31 09912552 frs-core:CurrentFinancialInstruments 2024-08-31 09912552 frs-core:Non-currentFinancialInstruments 2024-08-31 09912552 frs-core:ComputerEquipment 2024-08-31 09912552 frs-core:ComputerEquipment 2023-09-01 2024-08-31 09912552 frs-core:ComputerEquipment 2023-08-31 09912552 frs-core:FurnitureFittings 2024-08-31 09912552 frs-core:FurnitureFittings 2023-09-01 2024-08-31 09912552 frs-core:FurnitureFittings 2023-08-31 09912552 frs-core:ShareCapital 2024-08-31 09912552 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 09912552 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09912552 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 09912552 frs-bus:SmallEntities 2023-09-01 2024-08-31 09912552 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 09912552 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 09912552 1 2023-09-01 2024-08-31 09912552 frs-bus:Director1 2023-09-01 2024-08-31 09912552 frs-bus:Director2 2023-09-01 2024-08-31 09912552 frs-countries:EnglandWales 2023-09-01 2024-08-31 09912552 2022-08-31 09912552 2023-08-31 09912552 2022-09-01 2023-08-31 09912552 frs-core:CurrentFinancialInstruments 2023-08-31 09912552 frs-core:Non-currentFinancialInstruments 2023-08-31 09912552 frs-core:ShareCapital 2023-08-31 09912552 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 09912552
BE Education Limited
Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09912552
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 515 687
515 687
CURRENT ASSETS
Debtors 5 82,834 76,120
Cash at bank and in hand 53,663 11,216
136,497 87,336
Creditors: Amounts Falling Due Within One Year 6 (223,795 ) (211,714 )
NET CURRENT ASSETS (LIABILITIES) (87,298 ) (124,378 )
TOTAL ASSETS LESS CURRENT LIABILITIES (86,783 ) (123,691 )
Creditors: Amounts Falling Due After More Than One Year 7 (340,128 ) (340,128 )
NET LIABILITIES (426,911 ) (463,819 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (427,011 ) (463,919 )
SHAREHOLDERS' FUNDS (426,911) (463,819)
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For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr R Flackett
Director
14/05/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
BE Education Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09912552 . The registered office is C/O Expertax Limited, 42-44 Clarendon Road, Watford, Hertfordshire, WD17 1JJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
Financial support is provided to the Company from its fellow subsidiaries, which ensures that the Company is able to meet its liabilities as they fall due. The directors have therefore concluded that the use of the going concern basis is appropriate in preparing these financial statements.
2.3. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised when the performance obligations associated with the contract have been satisfied. For contracts that exceed a period of one month, the amount of turnover recognised is proportionally based on the contract's start and expected end date. Turnover deemed not to have been earned by the balance sheet date is deferred and shown under liabilties due within one year, or after one year as appropriate.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings Straight line over four years
Computer Equipment Straight line over three years
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 13)
7 13
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 September 2023 2,850 10,449 13,299
As at 31 August 2024 2,850 10,449 13,299
Depreciation
As at 1 September 2023 2,163 10,449 12,612
Provided during the period 172 - 172
As at 31 August 2024 2,335 10,449 12,784
Net Book Value
As at 31 August 2024 515 - 515
As at 1 September 2023 687 - 687
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 51,035 5,835
Amounts owed by group undertakings - 25,797
Other debtors 31,799 27,588
82,834 59,220
Due after more than one year
Other debtors - 16,900
82,834 76,120
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 19,119 2,267
Amounts owed to group undertakings 77,294 -
Other creditors 113,735 180,325
Taxation and social security 13,647 29,122
223,795 211,714
Included within other creditors above is deferred income of £103,979 (2023 - £176,409).
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to group undertakings 340,128 340,128
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Pension Commitments
The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £9,755 (2023 - £1,416) were due to the fund. They are included in other creditors.
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10. Related Party Transactions
At the balance sheet date, a balance of £NIL (2023 - £25,797) was due to the Company from BE China, a fellow group company.
At the balance sheet date, a balance of £77,594 was due from the Company to BE China, a fellow group company and a balance of £1,700 was due to BE Hong Kong, a fellow group company. These amounts are shown in creditors due within one year.
At the balance sheet date a balance of £340,128 (2023 - £340,128) was due from the Company to BE Study Abroad Limited (Cayman), the controlling party. This is shown in creditors due after one year.
Both of the intra-group loans detailed above were provided free of interest.
11. Controlling Party
The controlling party is BE Study Abroad Limited (Cayman).
The ultimate controlling party is OE International Investments Ltd (BVI).
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