REGISTERED NUMBER: 05451624 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Knowledgebrief Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J A Askew

J H Gowen

M D Wolstenholme

SECRETARY:

J H Gowen

REGISTERED OFFICE:

85 Great Portland Street

London

W1W 7LT

REGISTERED NUMBER:

05451624 (England and Wales)

ACCOUNTANTS:

Bennett Brooks & Co Limited

Chartered Accountants

St George's Court

Winnington Avenue

Northwich

Cheshire

CW8 4EE

FIXED ASSETS

Intangible assets

4

2,862,129

2,778,784

Tangible assets

5

35,902

29,536

2,898,031

2,808,320

CURRENT ASSETS

Debtors

6

5,482,582

4,100,716

Cash at bank

153,843

392,694

5,636,425

4,493,410

CREDITORS

Amounts falling due within one year

7

(4,894,469

)

(3,148,223

)

NET CURRENT ASSETS

741,956

1,345,187

TOTAL ASSETS LESS CURRENT LIABILITIES

3,639,987

4,153,507

CREDITORS

Amounts falling due after more than one year

8

(2,939,453

)

(3,902,482

)

NET ASSETS

700,534

251,025

CAPITAL AND RESERVES

Called up share capital

1,900

1,900

Capital redemption reserve

100

100

Retained earnings

698,534

249,025

SHAREHOLDERS' FUNDS

700,534

251,025

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

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 24 September 2025 and were signed on its behalf by:

J H Gowen - Director

1.	STATUTORY INFORMATION

Knowledgebrief 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 preparation

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 represents amounts earned on contracts entered into, which is calculated on a monthly basis over the term of the contract as the learners obligation is fulfilled.

On signing a contract, the total amount is entered into contacted revenue within debtors for amounts due to the company. This debtor is reduced as the contract is fulfilled and following a monthly submission to the ESFA. A 20% retention is due at the end of the contract following the successful sign off of the end point assessment.

On signing the contract the amount is also posted to deferred income within creditors. This represents the proportion of the contracts where the obligation has not yet been fulfilled.

The business also services commercial clients who are billed and pay within normal credit terms.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Computer Equipment

- 25% on reducing balance

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.

Research and development

Expenditure on research and development is capitalised in the year it is incurred. This is then amortised over a useful economic life of 8 years.

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.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Distributions to equity holders

Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.

Share capital

Ordinary shares are classed as equity.

Operating Leases

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2023 - 29 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

5,191,787

Additions

785,106

At 31 December 2024

5,976,893

AMORTISATION

At 1 January 2024

2,413,003

Charge for year

701,761

At 31 December 2024

3,114,764

NET BOOK VALUE

At 31 December 2024

2,862,129

At 31 December 2023

2,778,784

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

83,009

Additions

14,915

At 31 December 2024

97,924

DEPRECIATION

At 1 January 2024

53,473

Charge for year

8,549

At 31 December 2024

62,022

NET BOOK VALUE

At 31 December 2024

35,902

At 31 December 2023

29,536

6.

DEBTORS

2024

2023

as restated

£

£

Amounts falling due within one year:

Trade debtors

53,351

-

Other debtors

5,200,801

3,837,892

5,254,152

3,837,892

Amounts falling due after more than one year:

Amounts recoverable on contract

228,430

262,824

Aggregate amounts

5,482,582

4,100,716

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Bank loans and overdrafts

1,286,601

733,624

Trade creditors

282,732

174,638

Taxation and social security

218,598

106,394

Other creditors

3,106,538

2,133,567

4,894,469

3,148,223

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

as restated

£

£

Bank loans

2,826,203

3,839,058

Other creditors

113,250

63,424

2,939,453

3,902,482

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

as restated

£

£

Bank loans

4,112,804

4,572,682

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

as restated

£

£

J H Gowen

Balance outstanding at start of year

110,062

58,652

Amounts advanced

192,518

160,020

Amounts repaid

(99,049

)

(108,610

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

203,531

110,062

J A Askew

Balance outstanding at start of year

60,722

22,030

Amounts advanced

86,057

77,432

Amounts repaid

(43,591

)

(38,740

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

103,188

60,722

M D Wolstenholme

Balance outstanding at start of year

82,406

33,374

Amounts advanced

189,500

157,520

Amounts repaid

(98,819

)

(108,488

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

173,087

82,406

11.	RELATED PARTY DISCLOSURES

Included within other debtors is a balance of £413,773 due from ITW Networks Limited a company in which Matthew Wolstenholme and Justin Gowen are directors and shareholders. (2023 - £498,348).

A recharge from KB Learning Limited to Knowledgebrief Limited was raised in the year totalling £85,000 (2023 £100,000).

12.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.