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Company Registration No. 13916197 (England and Wales)
Set Education Ltd Unaudited accounts for the year ended 28 February 2025
Set Education Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Set Education Ltd Company Information for the year ended 28 February 2025
Director
THOMAS, Suzanne Elizabeth
Company Number
13916197 (England and Wales)
Registered Office
25 Whites Road Farnborough Hampshire GU14 6PB England
Accountants
Surrey Hills Accountancy Limited The Old Workshop Longfrey Cottage Dorking Road Chilworth GU4 8RH
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Set Education Ltd Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
26,709
13,033
Current assets
Debtors
5
229,269
5,012
Cash at bank and in hand
42,999
74,845
272,268
79,857
Creditors: amounts falling due within one year
6
(287,054)
(77,122)
Net current (liabilities)/assets
(14,786)
2,735
Total assets less current liabilities
11,923
15,768
Provisions for liabilities
Deferred tax
(5,298)
(2,476)
Net assets
6,625
13,292
Capital and reserves
Called up share capital
1
1
Profit and loss account
6,624
13,291
Shareholders' funds
6,625
13,292
For the year ending 28 February 2025 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 director acknowledges her 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 and authorised for issue on 30 September 2025 and were signed on its behalf by
THOMAS, Suzanne Elizabeth Director Company Registration No. 13916197
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Set Education Ltd Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Set Education Ltd is a private company, limited by shares, registered in England and Wales, registration number 13916197. The registered office is 25 Whites Road, Farnborough, Hampshire, GU14 6PB, 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:
Plant & machinery
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Computer equipment
25% Reducing balance
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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Set Education Ltd Notes to the Accounts for the year ended 28 February 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 March 2024
13,187
-
5,138
18,325
Additions
8,927
6,520
3,680
19,127
At 28 February 2025
22,114
6,520
8,818
37,452
Depreciation
At 1 March 2024
3,935
-
1,357
5,292
Charge for the year
3,190
1,002
1,259
5,451
At 28 February 2025
7,125
1,002
2,616
10,743
Net book value
At 28 February 2025
14,989
5,518
6,202
26,709
At 29 February 2024
9,252
-
3,781
13,033
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
191,036
-
Accrued income and prepayments
7,578
-
Other debtors
30,655
5,012
229,269
5,012
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
51,319
20,118
Trade creditors
338
325
Taxes and social security
34,979
15,042
Other creditors
295
10,119
Accruals
2,052
1,425
Deferred income
198,071
30,093
287,054
77,122
7
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Loan
4,664
30,696
5,305
30,055
4,664
30,696
5,305
30,055
Interest was charged on the loan at a rate of 2.25% per annum. The loan was repaid in full on 6 April 2025.
- 6 -
Set Education Ltd Notes to the Accounts for the year ended 28 February 2025
8
Transactions with related parties
During the year, a director received remuneration of £12,570 (2024: £12,515). In addition, benefits in kind amounting to £16,150 (2024: £nil) were provided.
9
Average number of employees
During the year the average number of employees was 5 (2024: 3).
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