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REGISTERED NUMBER: 11745884 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2024

FOR

HEAD START EDUCATION LTD

HEAD START EDUCATION LTD (REGISTERED NUMBER: 11745884)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31st August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HEAD START EDUCATION LTD

COMPANY INFORMATION
For The Year Ended 31st August 2024







DIRECTOR: S R Barber





REGISTERED OFFICE: Old Hartford School
Scott Street
East Hartford
Northumberland
NE23 3AR





REGISTERED NUMBER: 11745884 (England and Wales)





ACCOUNTANTS: Stafford Accountancy
The Yard Suite 2.2
Gill Bridge Avenue
Sunderland
Tyne and Wear
SR1 3AW

HEAD START EDUCATION LTD (REGISTERED NUMBER: 11745884)

BALANCE SHEET
31st August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 113,102 76,841

CURRENT ASSETS
Debtors 5 260,075 137,807
Cash at bank and in hand 35,454 13,468
295,529 151,275
CREDITORS
Amounts falling due within one year 6 300,841 140,050
NET CURRENT (LIABILITIES)/ASSETS (5,312 ) 11,225
TOTAL ASSETS LESS CURRENT
LIABILITIES

107,790

88,066

CREDITORS
Amounts falling due after more than one
year

7

(52,342

)

(18,214

)

PROVISIONS FOR LIABILITIES (3,209 ) (5,536 )
NET ASSETS 52,239 64,316

RESERVES
Income and expenditure account 52,239 64,316
MEMBERS' FUNDS 52,239 64,316

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

HEAD START EDUCATION LTD (REGISTERED NUMBER: 11745884)

BALANCE SHEET - continued
31st August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31st January 2025 and were signed by:





S R Barber - Director


HEAD START EDUCATION LTD (REGISTERED NUMBER: 11745884)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31st August 2024

1. STATUTORY INFORMATION

Head Start Education Ltd if a private company, limited by guarantee, registered in England and Wales. The company's registration number and registered office address can be found on the Company information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of educational support and associated services, and excludes value added tax. Turnover is recognised when services have been provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - in accordance with the property lease
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

HEAD START EDUCATION LTD (REGISTERED NUMBER: 11745884)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31st August 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability. The related obligations, net of future finance charges are included in creditors.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2023 - 30 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1st September 2023 169,215 18,210 32,223 219,648
Additions - 3,275 89,300 92,575
Disposals - - (6,000 ) (6,000 )
At 31st August 2024 169,215 21,485 115,523 306,223
DEPRECIATION
At 1st September 2023 115,005 11,057 16,745 142,807
Charge for year 35,475 5,030 13,670 54,175
Eliminated on disposal - - (3,861 ) (3,861 )
At 31st August 2024 150,480 16,087 26,554 193,121
NET BOOK VALUE
At 31st August 2024 18,735 5,398 88,969 113,102
At 31st August 2023 54,210 7,153 15,478 76,841

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 20,722 (200 )
Amounts owed by associates 220,944 104,418
Other debtors 3,826 29,962
Prepayments 14,583 3,627
260,075 137,807

HEAD START EDUCATION LTD (REGISTERED NUMBER: 11745884)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31st August 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,311 10,056
Hire purchase contracts 7,929 10,104
Trade creditors 20,888 5,250
Tax 10,542 30,016
Social security and other taxes 55,275 21,217
VAT 140,503 40,215
Other creditors 25,116 9,571
Accruals and deferred income 30,277 13,621
300,841 140,050

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 7,904 18,214
Hire purchase contracts 44,438 -
52,342 18,214

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 52,367 10,104

Hire purchase liabilities are secured on the assets to which they relate.