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REGISTERED NUMBER: 04305230 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

EDUCATION GROUP LIMITED

EDUCATION GROUP LIMITED (REGISTERED NUMBER: 04305230)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EDUCATION GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: M D Smith
M J Burch





REGISTERED OFFICE: Venture Court
2 Debdale Road
Wellingborough
Northamptonshire
NN8 5AA





REGISTERED NUMBER: 04305230 (England and Wales)





ACCOUNTANTS: ISIS Business Solutions (Northants) LLP
Venture Court
2 Debdale Road
Wellingborough
Northamptonshire
NN8 5AA

EDUCATION GROUP LIMITED (REGISTERED NUMBER: 04305230)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 263,132 55,747
Investments 6 15,005 15,005
278,137 70,752

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 7 1,332,781 1,301,211
Cash at bank 61,555 18,503
1,399,336 1,324,714
CREDITORS
Amounts falling due within one year 8 500,570 354,071
NET CURRENT ASSETS 898,766 970,643
TOTAL ASSETS LESS CURRENT LIABILITIES 1,176,903 1,041,395

CREDITORS
Amounts falling due after more than one
year

9

(150,000

)

(100,000

)

PROVISIONS FOR LIABILITIES - (2,746 )
NET ASSETS 1,026,903 938,649

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 1,026,801 938,547
SHAREHOLDERS' FUNDS 1,026,903 938,649

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

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

The directors acknowledge their 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 profit or loss 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.

EDUCATION GROUP LIMITED (REGISTERED NUMBER: 04305230)

BALANCE SHEET - continued
31ST DECEMBER 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 Board of Directors and authorised for issue on 24th July 2025 and were signed on its behalf by:





M D Smith - Director


EDUCATION GROUP LIMITED (REGISTERED NUMBER: 04305230)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

Education Group 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - not provided
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

EDUCATION GROUP LIMITED (REGISTERED NUMBER: 04305230)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 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.

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 13 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2024
and 31st December 2024 15,000
AMORTISATION
At 1st January 2024
and 31st December 2024 15,000
NET BOOK VALUE
At 31st December 2024 -
At 31st December 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st January 2024 41,295 422 19,299 10,996 72,012
Additions 212,825 - - - 212,825
At 31st December 2024 254,120 422 19,299 10,996 284,837
DEPRECIATION
At 1st January 2024 - 236 7,900 8,129 16,265
Charge for year - 47 2,850 2,543 5,440
At 31st December 2024 - 283 10,750 10,672 21,705
NET BOOK VALUE
At 31st December 2024 254,120 139 8,549 324 263,132
At 31st December 2023 41,295 186 11,399 2,867 55,747

EDUCATION GROUP LIMITED (REGISTERED NUMBER: 04305230)

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

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st January 2024
and 31st December 2024 15,005
NET BOOK VALUE
At 31st December 2024 15,005
At 31st December 2023 15,005

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,572 1,810
Amounts owed by group undertakings 490,514 489,610
Other debtors 826,695 809,791
1,332,781 1,301,211

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 46,914 16,965
Amounts owed to group undertakings 129,093 129,093
Taxation and social security 228,744 158,297
Other creditors 95,819 49,716
500,570 354,071

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Amounts owed to associates 150,000 100,000

10. RELATED PARTY DISCLOSURES

At the balance sheet date, the Company had the following balances with entities considered to be related parties.

- Due from SSB Creative LLP £96
- Due to E.G Incursions Pty Ltd £129,092
- Due from E.G. Shareco Ltd £490,446
- Due to EDG VR Ltd £150,000

11. ULTIMATE CONTROLLING PARTY

The controlling party is M D Smith.