Registered number
12723032
Milestones Education Ltd
Filleted Accounts
30 July 2024
Milestones Education Ltd
Registered number: 12723032
Balance Sheet
as at 30 July 2024
Notes 2024 2023
£ £ £ £
Fixed assets
Intangible assets 3 122,823 -
Tangible assets 4 6,205 9,558
129,028 9,558
Current assets
Debtors 5 559,508 226,681
Cash at bank and in hand 327,401 283,096
886,909 509,777
Creditors: amounts falling due within one year 6 (714,308) (332,039)
Net current assets 172,601 177,738
Total assets less current liabilities 301,629 187,296
Creditors: amounts falling due after more than one year 7 (84,862) -
Provisions for liabilities (1,550) -
Net assets 215,217 187,296
Capital and reserves
Called up share capital 10 10,000 10,000
Profit and loss account 205,217 177,296
Shareholder's funds 215,217 187,296
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C L Brophy
Director
Approved by the board on 26 July 2025
Milestones Education Ltd
Notes to the Accounts
for the period from 30 July 2023 to 30 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

The accounts are presented in sterling which is the functional currency of the company and rounded to the nearest £.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3 and 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 26 23
3 Intangible fixed assets £
Other intangible assets:
Cost
Additions 136,470
At 30 July 2024 136,470
Amortisation
Provided during the period 13,647
At 30 July 2024 13,647
Net book value
At 30 July 2024 122,823
Other intangible assets are being written off in equal annual instalments over its estimated economic useful life of 10 years.
4 Tangible fixed assets
Plant and machinery
£
Cost
At 30 July 2023 20,034
Additions 3,960
At 30 July 2024 23,994
Depreciation
At 30 July 2023 10,476
Charge for the period 7,313
At 30 July 2024 17,789
Net book value
At 30 July 2024 6,205
At 29 July 2023 9,558
5 Debtors 2024 2023
£ £
Trade debtors (Factored debt: £330,321) 372,581 479,605
Other debtors 186,927 8,829
Factoring loans - (261,753)
559,508 226,681
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 165,138 -
Trade creditors 8,406 21,939
Taxation and social security costs 157,832 181,009
Other creditors 128,998 129,091
Factoring loans 253,934 -
714,308 332,039
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 84,862 -
8 Loans 2024 2023
£ £
Creditors include:
Secured factoring loan 253,934 261,753
The factoring loan is secured by a fixed and floating charge over all assets of the company.
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
C L Brophy
Loan 4,982 86,892 - 91,874
4,982 86,892 - 91,874
There were unsecured loans to directors at the start of the year of £4,982 with further loans provided during the year of £86,892. The loans are subject to interest equivalent to the official rate of interest used by HM Revenue & Customs for beneficial loans where appropriate. The balances outstanding at the year end were £91,874.
10 Share capital 2024 2023
£ £
Allotted, called up and fully paid:
Ordinary shares 10,000 10,000
11 Other information
Milestones Education Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Birmingham Business Park
Solihull Parkway
Birmingham
West Midlands
B37 7YS
Its registered number is: 12723032
Milestones Education Ltd 12723032 false 2023-07-30 2024-07-30 2024-07-30 VT Final Accounts April 2025 C L Brophy No description of principal activity 12723032 2022-07-30 2023-07-29 12723032 core:WithinOneYear 2023-07-29 12723032 core:AfterOneYear 2023-07-29 12723032 core:ShareCapital 2023-07-29 12723032 core:RetainedEarningsAccumulatedLosses 2023-07-29 12723032 2023-07-30 2024-07-30 12723032 bus:PrivateLimitedCompanyLtd 2023-07-30 2024-07-30 12723032 bus:AuditExemptWithAccountantsReport 2023-07-30 2024-07-30 12723032 bus:Director40 2023-07-30 2024-07-30 12723032 1 2023-07-30 2024-07-30 12723032 2 2023-07-30 2024-07-30 12723032 core:Goodwill 2023-07-30 2024-07-30 12723032 core:PlantMachinery 2023-07-30 2024-07-30 12723032 bus:Director1 2023-07-30 2024-07-30 12723032 bus:Director1 1 2023-07-30 2024-07-30 12723032 countries:England 2023-07-30 2024-07-30 12723032 bus:FRS102 2023-07-30 2024-07-30 12723032 bus:FilletedAccounts 2023-07-30 2024-07-30 12723032 2024-07-30 12723032 core:WithinOneYear 2024-07-30 12723032 core:AfterOneYear 2024-07-30 12723032 core:ShareCapital 2024-07-30 12723032 core:RetainedEarningsAccumulatedLosses 2024-07-30 12723032 core:Goodwill 2024-07-30 12723032 core:PlantMachinery 2024-07-30 12723032 bus:Director1 1 2024-07-30 12723032 2023-07-29 12723032 core:PlantMachinery 2023-07-29 12723032 bus:Director1 1 2023-07-29 iso4217:GBP xbrli:pure