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COMPANY REGISTRATION NUMBER: 10339887
The Education Agency Limited
Filleted Unaudited Financial Statements
31 March 2025
The Education Agency Limited
Financial Statements
Year ended 31 March 2025
Contents
Pages
Balance sheet
1 to 2
Notes to the financial statements
3 to 5
The Education Agency Limited
Balance Sheet
31 March 2025
2025
2024
Note
£
£
Fixed assets
Tangible assets
4
1,096
Current assets
Debtors
5
6,904
93
Cash at bank and in hand
28,408
1,037
--------
-------
35,312
1,130
Creditors: amounts falling due within one year
6
12,769
1,518
--------
-------
Net current assets/(liabilities)
22,543
( 388)
--------
----
Total assets less current liabilities
23,639
( 388)
Provisions
263
--------
----
Net assets/(liabilities)
23,376
( 388)
--------
----
Capital and reserves
Called up share capital
1
1
Profit and loss
23,375
( 389)
--------
----
Shareholders funds/(deficit)
23,376
( 388)
--------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
The Education Agency Limited
Balance Sheet (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 22 May 2025 , and are signed on behalf of the board by:
Mrs F Hawkins
Director
Company registration number: 10339887
The Education Agency Limited
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Lyme Vale Court, Parklands Business Park, Newcastle Road, Stoke on Trent, ST4 6NW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
50% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The basic financial instruments of the company are as follows: Debtors Debtors do not carry any interest and are stated at their nominal values. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired. Cash at bank and in hand This comprises cash at bank. Trade creditors Trade creditors are not interest bearing and are stated at their nominal value.
4. Tangible assets
Equipment
£
Cost
At 1 April 2024
Additions
2,192
-------
At 31 March 2025
2,192
-------
Depreciation
At 1 April 2024
Charge for the year
1,096
-------
At 31 March 2025
1,096
-------
Carrying amount
At 31 March 2025
1,096
-------
At 31 March 2024
-------
5. Debtors
2025
2024
£
£
Trade debtors
6,903
Other debtors
1
93
-------
----
6,904
93
-------
----
6. Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
1,267
1,268
Corporation tax
6,899
Social security and other taxes
2,026
Other creditors
2,577
250
--------
-------
12,769
1,518
--------
-------