Pushforward Secondary Education Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Pushforward Secondary Education Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13809730 . The registered office is Ground Floor, Unit 6, Hillside Business Park, Bury St Edmunds, IP32 7EA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of five years.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	25%
Plant & Machinery	25%
Motor Vehicles	25%

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Pushforward Secondary Education Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.7. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 68 (2024: 57)

4. Intangible Assets

	Goodwill	Other	Total
	£	£	£
Cost
As at 1 April 2024	51,133	-	51,133
Additions	-	15,528	15,528

As at 31 March 2025	51,133	15,528	66,661

Amortisation
As at 1 April 2024	20,454	-	20,454
Provided during the period	10,227	-	10,227

As at 31 March 2025	30,681	-	30,681

Net Book Value
As at 31 March 2025	20,452	15,528	35,980

As at 1 April 2024	30,679	-	30,679

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 April 2024	9,037	58,006	7,400	74,443
Additions	19,778	38,002	3,200	60,980
Disposals	-	(6,995 )	-	(6,995 )

As at 31 March 2025	28,815	89,013	10,600	128,428

...CONTINUED

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Pushforward Secondary Education Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024	315	9,812	1,116	11,243
Provided during the period	262	12,325	1,430	14,017
Disposals	-	(6,995 )	-	(6,995 )

As at 31 March 2025	577	15,142	2,546	18,265

Net Book Value
As at 31 March 2025	28,238	73,871	8,054	110,163

As at 1 April 2024	8,722	48,194	6,284	63,200

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	472,386	172,879
Primary Intercompany	(117,090 )	2,108
Post 16 Intercompany	(370,348 )	-
Youth Support Intercompany	1,944	-
Other debtors (4)	2,108	-
Corporation tax recoverable assets	-	18,582
Deferred tax current asset	16,118	2,132

	5,118	195,701
Due after more than one year
Vic Bacon Commercial Loan	25,000	-
Deposit Held	42,606	38,503
Pushforward Primary Education - Intercompany Loan	-	12,400

	67,606	50,903

	72,724	246,604

The Intercompany Loan made to Pushforward Primary Education Limited was for pre-trading expenses, the company did not start trading until 1st April 2024 and was made with agreement of all directors and shareholders.

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	(1 )
Bank loans and overdrafts	43,844	-
Corporation tax	124	-
VAT	41,215	161,963
Directors' loan accounts	2,184	1,425

	87,367	163,387

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
HMRC VAT & PAYE DEBT	131,932	-

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Pushforward Secondary Education Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	125	101

10. Directors Advances, Credits and Guarantees

Dividends paid to directors

	2025	2024
	£	£
Mr Leon Edwards	129,923	-
Mrs Lyndsey Edwards	86,615	-

11. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	216,540	236,000

12. Related Party Transactions

A loan of £25.000 was made to one of the Directors during the financial year. This loan was on a commercial basis with interest being paid at the going market rate

Victoria Bacon

Director and Shareholder

Commercial loan of £25,000

13. Ultimate Controlling Party

The company's ultimate controlling party is Leon Edwards by virtue of his ownership of 60% of the issued share capital in the company.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		35,980		30,679
Tangible Assets	5		110,163		63,200

			146,143		93,879
CURRENT ASSETS
Debtors	6	72,724		246,604
Cash at bank and in hand		13,371		52,834

		86,095		299,438
Creditors: Amounts Falling Due Within One Year	7	(87,367 )		(163,387 )

NET CURRENT ASSETS (LIABILITIES)			(1,272 )		136,051

TOTAL ASSETS LESS CURRENT LIABILITIES			144,871		229,930

Creditors: Amounts Falling Due After More Than One Year	8		(131,932 )		-

NET ASSETS			12,939		229,930

CAPITAL AND RESERVES
Called up share capital	9		125		101
Share premium account			24		24
Profit and Loss Account			12,790		229,805

SHAREHOLDERS' FUNDS			12,939		229,930