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REGISTERED NUMBER: 03244584 (England and Wales)















EDUCATION MANAGEMENT DIRECT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






EDUCATION MANAGEMENT DIRECT LIMITED (REGISTERED NUMBER: 03244584)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 6


EDUCATION MANAGEMENT DIRECT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: N D Edwards
D M Jones
D E K Norman



REGISTERED OFFICE: 1st Floor Aldford House
Bell Meadow Business Park
Park Lane
Chester
CH4 9EP



REGISTERED NUMBER: 03244584 (England and Wales)



SENIOR STATUTORY AUDITOR: Michael Argyle BSc ACA



AUDITORS: Duncan & Toplis Audit Limited, Statutory Auditor
3 Castlegate
Grantham
Lincolnshire
NG31 6SF

EDUCATION MANAGEMENT DIRECT LIMITED (REGISTERED NUMBER: 03244584)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 1,000 1,500
Property, plant and equipment 5 608 672
Investments 6 1 1
1,609 2,173

CURRENT ASSETS
Debtors 7 344,700 291,248
Cash at bank 43,736 41,528
388,436 332,776
CREDITORS
Amounts falling due within one year 8 129,124 163,008
NET CURRENT ASSETS 259,312 169,768
TOTAL ASSETS LESS CURRENT LIABILITIES 260,921 171,941

CAPITAL AND RESERVES
Called up share capital 9 160,800 160,800
Retained earnings 100,121 11,141
SHAREHOLDERS' FUNDS 260,921 171,941

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 Statement of Income and Retained Earnings has not been delivered.

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:





D M Jones - Director


EDUCATION MANAGEMENT DIRECT LIMITED (REGISTERED NUMBER: 03244584)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Education Management Direct Limited is a private company, limited by shares , registered in England and Wales. The company's registered 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue recognition
Revenue represents government grants received which are accounted for on an accruals basis with the relevant amounts relating to future periods being deferred.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investments in subsidiaries
Investments in subsidiaries are recognised at cost less impairment.

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


EDUCATION MANAGEMENT DIRECT LIMITED (REGISTERED NUMBER: 03244584)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2023
and 31 August 2024 2,500
AMORTISATION
At 1 September 2023 1,000
Charge for year 500
At 31 August 2024 1,500
NET BOOK VALUE
At 31 August 2024 1,000
At 31 August 2023 1,500

EDUCATION MANAGEMENT DIRECT LIMITED (REGISTERED NUMBER: 03244584)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1 September 2023 1,313
Additions 70
At 31 August 2024 1,383
DEPRECIATION
At 1 September 2023 641
Charge for year 134
At 31 August 2024 775
NET BOOK VALUE
At 31 August 2024 608
At 31 August 2023 672

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2023
and 31 August 2024 1
NET BOOK VALUE
At 31 August 2024 1
At 31 August 2023 1

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 9,630
Amounts owed by group undertakings 217,613 172,020
Other debtors 10,636 3,345
Prepayments and accrued income 116,451 106,253
344,700 291,248

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 54,792 39,604
Amounts owed to group undertakings 2,040 916
Corporation tax 12,284 -
Other taxes and social security 5,373 4,383
Other creditors 2,154 1,793
Accrued expenses and deferred income 52,481 116,312
129,124 163,008

EDUCATION MANAGEMENT DIRECT LIMITED (REGISTERED NUMBER: 03244584)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
159,640 Ordinary £1 159,640 159,640
1,160 Ordinary B £1 1,160 1,160
160,800 160,800

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael Argyle BSc ACA (Senior Statutory Auditor)
for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor

11. OTHER FINANCIAL COMMITMENTS

At the year end the company has commitments due as follows:

20242023
££
Within one year2,4464,892
Between one and five years -2,446
2,4467,338