Company Registration No. 13184829 (England and Wales)
Liminal Education Ltd
Unaudited accounts
for the year ended 31 August 2024
Liminal Education Ltd
Unaudited accounts
Contents
Liminal Education Ltd
Company Information
for the year ended 31 August 2024
Directors
Sarah Hawkins
Andrew Hawkins
David Smith
Company Number
13184829 (England and Wales)
Registered Office
14 Kempton Drive
Walsall
WS6 6DE
England
Accountants
Sedgley Accounting and Business Services Limited
13 Warren Drive
Sedgley
DY3 3RQ
Liminal Education Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
26,279
25,724
Cash at bank and in hand
27,741
64,133
Creditors: amounts falling due within one year
(180,839)
(93,390)
Net current liabilities
(24,548)
(6,368)
Called up share capital
100
100
Profit and loss account
1,631
19,256
Shareholders' funds
1,731
19,356
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by
Andrew Hawkins
Director
Company Registration No. 13184829
Liminal Education Ltd
Notes to the Accounts
for the year ended 31 August 2024
Liminal Education Ltd is a private company, limited by shares, registered in England and Wales, registration number 13184829. The registered office is 14 Kempton Drive, Walsall, WS6 6DE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Straight Line
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2023
-
30,849
30,849
At 31 August 2024
700
37,177
37,877
At 1 September 2023
-
5,125
5,125
Charge for the year
102
6,371
6,473
At 31 August 2024
102
11,496
11,598
At 31 August 2024
598
25,681
26,279
At 31 August 2023
-
25,724
25,724
Liminal Education Ltd
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
1,500
17,027
Accrued income and prepayments
20,650
5,862
6
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
26,434
-
Taxes and social security
44,237
35,206
Allotted, called up and fully paid:
70 Ordinary shares of £1 each
70
70
28 Ordinary A shares of £1 each
28
28
2 Ordinary B Shares of £1 each
2
2
8
Operating lease commitments
2024
2023
At 31 August 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
50,000
50,000
Later than one year and not later than five years
150,000
200,000
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to directors repayable on demand
-
87,950
-
87,950
During the year the company loaned £87,950 to its directors. These amounts have been repaid post year end. Interest is charged at HMRC's official rate of interest on loans outstanding.
Liminal Education Ltd
Notes to the Accounts
for the year ended 31 August 2024
10
Transactions with related parties
During the year the company incurred a charge from Edit Education Limited totalling £145,000 (2024: £190,000) for services rendered on behalf of the company. The balance outstanding due to Edit Education Limited at the year end was £26,434 (2023: £17,027 due from Edit Education Limited).
The directors consider AP Holdings Group Limited, registered number 14748005, registered in England & Wales, registered office whose address is Unit 1 Stringes Close, Willenhall, England, WV13 1LE, to be the controlling party.
12
Average number of employees
During the year the average number of employees was 3 (2023: 3).