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Company Registration No. 14321333 (England and Wales)
Sophos Education Ltd Unaudited accounts for the year ended 31 August 2024
Sophos Education Ltd Unaudited accounts Contents
Page
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Sophos Education Ltd Company Information for the year ended 31 August 2024
Directors
Eleanor Bird Sophia Rahman
Company Number
14321333 (England and Wales)
Registered Office
10 St. Edmunds Square London London SW13 8SA England
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Sophos Education Ltd Statement of financial position as at 31 August 2024
2024 
Notes
£ 
Fixed assets
Intangible assets
314,773 
Tangible assets
1,863 
316,636 
Current assets
Debtors
7,567 
Cash at bank and in hand
487,330 
494,897 
Creditors: amounts falling due within one year
(766,729)
Net current liabilities
(271,832)
Total assets less current liabilities
44,804 
Provisions for liabilities
Deferred tax
(60,161)
Net liabilities
(15,357)
Capital and reserves
Called up share capital
101 
Share premium
99,999 
Profit and loss account
(115,457)
Shareholders' funds
(15,357)
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 29 May 2025 and were signed on its behalf by
Sophia Rahman Director Company Registration No. 14321333
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Sophos Education Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Sophos Education Ltd is a private company, limited by shares, registered in England and Wales, registration number 14321333. The registered office is 10 St. Edmunds Square, London, London, SW13 8SA, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
33.33% straight line
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Sophos Education Ltd Notes to the Accounts for the year ended 31 August 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 September 2023
- 
Additions
314,773 
At 31 August 2024
314,773 
Amortisation
At 1 September 2023
- 
At 31 August 2024
- 
Net book value
At 31 August 2024
314,773 
Software development costs The amortisation of software development costs will start on 1 November 2024 when the asset is brought into use. The asset will be amortised on a straight-line basis over its ten year useful life.
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2023
- 
Additions
2,387 
At 31 August 2024
2,387 
Depreciation
Charge for the year
524 
At 31 August 2024
524 
Net book value
At 31 August 2024
1,863 
6
Debtors
2024 
£ 
Amounts falling due within one year
VAT
267 
Accrued income and prepayments
2,400 
Other debtors
4,900 
7,567 
7
Creditors: amounts falling due within one year
2024 
£ 
Trade creditors
12,165 
Taxes and social security
13,314 
Other creditors
740,000 
Accruals
1,250 
766,729 
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Sophos Education Ltd Notes to the Accounts for the year ended 31 August 2024
8
Deferred taxation
2024 
£ 
Accelerated capital allowances
60,161 
2024 
£ 
Charged to the profit and loss account
60,161 
Provision at end of year
60,161 
During the year, the company has accumulated tax losses amounting to £353,015 available to carry forward against future trading profits. The resulting deferred tax asset is not recognised as it is unclear whether and to what extend the company will be able to use the losses in future.
9
Pension commitments
The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £NIL were due to the fund.
10
Average number of employees
During the year the average number of employees was 3.
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