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REGISTERED NUMBER: 09826069 (England and Wales)














ODYSSEY EDUCATION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024





Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE








ODYSSEY EDUCATION LIMITED (REGISTERED NUMBER: 09826069)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ODYSSEY EDUCATION LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTORS: A Bissmire
I Ustun





REGISTERED OFFICE: Suite 301 & 302 Jansel House
Hitchin Road
Stopsley
Luton
Bedfordshire
LU2 7XH





REGISTERED NUMBER: 09826069 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE
Page 1
ODYSSEY EDUCATION LIMITED (REGISTERED NUMBER: 09826069)

STATEMENT OF FINANCIAL POSITION
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 1,665 765

CURRENT ASSETS
Stocks 32,000 -
Debtors 6 305,993 287,198
Cash at bank and in hand 1,458 12,429
339,451 299,627
CREDITORS
Amounts falling due within one year 7 306,092 257,967
NET CURRENT ASSETS 33,359 41,660
TOTAL ASSETS LESS CURRENT
LIABILITIES
35,024
42,425

CREDITORS
Amounts falling due after more than one
year
8
(10,000
)
(19,167
)

PROVISIONS FOR LIABILITIES (416 ) (145 )
NET ASSETS 24,608 23,113

CAPITAL AND RESERVES
Called up, paid and allotted share capital 200 200
Capital redemption reserve 100 100
Retained earnings 24,308 22,813
SHAREHOLDERS' FUNDS 24,608 23,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 notes form part of these financial statements

Page 2
ODYSSEY EDUCATION LIMITED (REGISTERED NUMBER: 09826069)

STATEMENT OF FINANCIAL POSITION - continued
30 September 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 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 15 July 2025 and were signed on its behalf by:





A Bissmire - Director


The notes form part of these financial statements

Page 3
ODYSSEY EDUCATION LIMITED (REGISTERED NUMBER: 09826069)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Odyssey Education 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, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Income recognition
Income is recognised when goods and services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Office equipment - 33% 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
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

Page 4
ODYSSEY EDUCATION LIMITED (REGISTERED NUMBER: 09826069)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 October 2023 3,605 3,021 6,626
Additions 1,453 - 1,453
At 30 September 2024 5,058 3,021 8,079
DEPRECIATION
At 1 October 2023 2,840 3,021 5,861
Charge for year 553 - 553
At 30 September 2024 3,393 3,021 6,414
NET BOOK VALUE
At 30 September 2024 1,665 - 1,665
At 30 September 2023 765 - 765

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 258,763 267,930
Other debtors 47,230 19,268
305,993 287,198

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 136,997 156,838
Taxation and social security 156,029 75,854
Other creditors 3,066 15,275
306,092 257,967

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,000 19,167

Page 5
ODYSSEY EDUCATION LIMITED (REGISTERED NUMBER: 09826069)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
A Bissmire
Balance outstanding at start of year 766 -
Amounts advanced 74,905 766
Amounts repaid (59,405 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,266 766

I Ustun
Balance outstanding at start of year 18,502 -
Amounts advanced 52,000 18,502
Amounts repaid (40,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 30,502 18,502

The loans are interest free and repayable on demand.

10. RELATED PARTY DISCLOSURES

The directors operate loan accounts with the company the details of which can be found in the note above.

Page 6