Registered number
10416481
Group Ed Limited
Unaudited Filleted Accounts
31 August 2024
Group Ed Limited
Registered number: 10416481
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 332,765 -
Tangible assets 4 21,015 32,437
353,780 32,437
Current assets
Debtors 5 83,455 83,271
Cash at bank and in hand 595,918 2,771
679,373 86,042
Creditors: amounts falling due within one year 6 (95,270) (18,861)
Net current assets 584,103 67,181
Total assets less current liabilities 937,883 99,618
Creditors: amounts falling due after more than one year 7 (2,118,638) (1,092,506)
Net liabilities (1,180,755) (992,888)
Capital and reserves
Called up share capital 100 100
Profit and loss account (1,180,855) (992,988)
Shareholders' funds (1,180,755) (992,888)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A M Cooksley
Director
Approved by the board on 20 May 2025
Group Ed Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
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).
The company is reliant on the ongoing support of it's majority shareholder, who is also a director and he has confirmed that this support will be continued for the foreseeable future and therefore the accounts have been prepared on the basis of a going concern.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

The company recognises the costs of software development as an intangible fixed asset when it is probable that the expected future benefits that are attributable to the assets e.g. future sales of the software, will flow to the entity and the cost of the asset can be measured reliably.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Property, plant & equipment over 3 years
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.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 7
3 Intangible fixed assets £
Software development costs
Cost
Additions 332,765
At 31 August 2024 332,765
Amortisation
At 31 August 2024 -
Net book value
At 31 August 2024 332,765
Software development was being written off in equal annual instalments over its estimated economic life of 5 years - no amortisation is charged in the year the expenditure is incurred.
4 Tangible fixed assets
Property, Plant & Equipment
£
Cost
At 1 September 2023 36,544
Additions 528
At 31 August 2024 37,072
Depreciation
At 1 September 2023 4,107
Charge for the year 11,950
At 31 August 2024 16,057
Net book value
At 31 August 2024 21,015
At 31 August 2023 32,437
5 Debtors 2024 2023
£ £
Deferred tax asset 80,432 80,432
Other debtors 3,023 2,839
83,455 83,271
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 7,278 5,590
Amounts owed to related party undertakings 69,691 -
Taxation and social security costs 14,426 10,400
Other creditors 3,875 2,871
95,270 18,861
7 Creditors: amounts falling due after one year 2024 2023
£ £
Loan provided by related party undertaking 1,249,393 188,261
Loan from director to the company 869,245 904,245
2,118,638 1,092,506
8 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 750,000 750,000
Instalments falling due for payment after more than five years 940,589 -
1,690,589 750,000
The loan provided by CAL Properties Ltd £1,249,393 has the following terms:
1. Interest & capital free repayment period from December 2023 to August 2025,
2. Interest repayments from September 2025 to August 2026 at the rate of 2.75% above Bank of England Base Rate
3. Capital & Interest repayments from September 2026 over 10 year period ending in August 2036.

The loan provided by the majority shareholder & director, Mr A M Cooksley, has no fixed repayment terms and the director has confirmed that he does not anticipate £750,000 of the balance owing to be repaid within 5 years of the balance sheet date. There is no interest charged by the director on this loan.
9 Related party transactions
During the year, the company continued to benefit from services provided from a company with common directors and shareholders, iTeach (Wales) Limited. At 31 August 2024, the balance owing to iTeach (Wales) Limited was £69,628 (2023: £188,261).
10 Controlling party
The company is controlled by Mr A M Cooksley by virtue of his shareholding.
11 Other information
Group Ed Limited is a private company limited by shares and incorporated in England. Its registered office is:
Ocean Park House
East Tyndall Street
Cardiff
CF24 5ET
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