Company registration number 12724128 (England and Wales)
BARNET EDUCATION AND LEARNING SERVICE LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
BARNET EDUCATION AND LEARNING SERVICE LIMITED
COMPANY INFORMATION
Directors
S L Sands
L K Coffman
P Coakley Webb
N Marlow
P Kiratzi
(Appointed 20 March 2025)
B Dhinsa
(Appointed 7 November 2024)
J Baines-Holmes
(Appointed 9 July 2025)
Company number
12724128
Registered office
2 Bristol Avenue
London
England
NW9 4EW
Auditor
Azets Audit Services
5 Yeomans Court
Ware Road
Hertford
Hertfordshire
United Kingdom
SG13 7HJ
BARNET EDUCATION AND LEARNING SERVICE LIMITED
CONTENTS
Page
Strategic report
1 - 3
Directors' report
4 - 5
Directors' responsibilities statement
6
Independent auditor's report
7 - 9
Statement of comprehensive income
10
Statement of financial position
11
Statement of changes in equity
12
Notes to the financial statements
13 - 20
BARNET EDUCATION AND LEARNING SERVICE LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The directors present the strategic report for the year ended 31 March 2025.

Fair review of the business

Barnet is the second largest borough by population in London and home to over 389,000 people. It is well known for the excellent quality of its schools and settings and the diversity of its educational offer. These are at the heart of Barnet’s continuing success as a desirable place where people want to live, work and study. Excellent educational outcomes and ensuring children and young people are successful in life and equipped to meet the needs of employers are vital to Barnet’s future success.

Barnet Education and Learning Service (BELS) is a limited company wholly owned by the London Borough of Barnet, to provide the council’s education services. The company was established in 2020 in consultation with Barnet schools and other stakeholder groups.

The company is governed by the Board on which the council, schools, settings, and other stakeholders are represented. The Board steers the strategic direction of the company in delivering services including school improvement, services for children with special educational needs and school place planning.

Vision

Our vision is that Barnet Education and Learning Service will continue to be seen as a highly effective provider of education support services to schools, families, and the council. This vision sits alongside the strategic vision for education in Barnet, which is set out in the Education Strategy 2024 to 2027. The vision and objectives for the business are intended to ensure we play a full part in helping to deliver the education strategy and the council’s aim of Caring for People, our Places, and the Planet.

Business Purpose

On behalf of the council, BELS delivers statutory education and learning/skills services and provides traded services to schools and educational settings in Barnet.

Business Aims

- Maintain and continue to develop Barnet’s excellent education offer.

- Maintain and continue to develop the excellent relationship between the Council and schools.

- Achieve further budget savings if required.

Operational environment

The London Borough of Barnet contracts with Barnet Education and Learning Services Ltd (BELS) to deliver the council’s education and skills services. BELS’ main source of income is a management fee paid by the council which it uses to deliver the council’s services. In addition, BELS operates a traded services function for schools which generates additional income.

BELS works energetically to support Barnet Schools. At the point of writing this report 99% of schools in Barnet have been judged Good or Outstanding by Ofsted in every area, this is a three percentage point increase from the end of Q4 2023-24. In the financial year 202 4-2025 all schools inspected in Barnet were judged Good or Outstanding in every area. Barnet is in the top 10% for the majority of achievement measures and the top 5% for many of these.

The council and BELS continue to face financial challenges having to make savings whilst facing inflationary pressures and growing demand particularly in the area of Special Educational Needs. Inflation exceeded 3% leading to increases in employee and third-party costs for BELS. In addition, the continued growing number and complexity of children with SEND continued, leading to a sizeable overspend on the SEN Transport budget. Fortunately, the council assigned additional income to BELS to cover this demand led area and our own efficiencies have minimised these increases.

BARNET EDUCATION AND LEARNING SERVICE LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
Development and performance

For the last eight years we have checked how satisfied schools are with our services via satisfaction surveys on individual services, both statutory and traded. The overall satisfaction rating for BELS services have been over 90% for the last four years and is now 94%, which is the third highest we have had. Five services achieved a satisfaction rating of 100% and 12 out of the 14 services achieved over 90%. The introduction of SLA Online in 2023, an all in one traded services platform, has helped us continue to improve our efficiency in this important area.

To improve efficiency, throughout 23-24 London Borough Barnet and BELS planned, developed, and tested for the Finance and HR system transition to Oracle Cloud. The new system went live on 1st April 2024. Throughout 24-25 London Borough Barnet and BELS planned, developed, and tested for the Payroll transition from Islington HR to Oracle Cloud. The new system went live on 1st April 2025.

In overall terms BELS operated close to budget and generated a small loss after tax of £62k. In total BELS now has retained earnings of £412 k. The Balance Sheet at the reporting date shows good liquidity. The directors consider the financial performance and position of the company as satisfactory at the balance sheet date.

Principle risks and uncertainties

T he ongoing increases in statutory demand and subsequent budget pressures have been stretching capacity in many teams. We continue to carry out capacity reviews where necessary and identify opportunities for creating efficiencies especially with the help of new technology. The Council have agreed to additional funding to BELS of £599,832 in 2025/26 and £992,455 in 2026/27 in order to add capacity to our SEND teams.

BELS manages the High Needs budget on behalf of the council. Over the last few years, most local authorities have faced significant pressure on their High Needs budgets as demands have increased. To mitigate these ongoing cost increases the council commissioned an external review of the High Needs Block spend. The purpose of the review was to ensure High Needs income is being used as cost-effectively as possible and that deployment of resources is equitable and matched to need. We are beginning to implement some of the recommendations from the review. In addition, as the Lead LA for London in the DfE’s SEND and AP Change Programme Partnership, we continue to pilot some of the initiatives, which are included in the DfE’s SEND and AP Improvement Plan. The associated funding has enabled us to increase capacity in a number of key areas.

The SMT scoped and assessed business priorities for BELS for 2024-25 and these continue in 2025-26. These priorities cover the four service areas and overall operational and business development, providing business level focus for BELS. Outcomes from the priorities feed into improvements for the business, company employees and the services provided to the council and schools.

1. Capacity - for increase in demand for statutory services and for service improvement initiatives. The teams within BELS are extremely stretched. Expectations and responsibilities have increased without the necessary increases in resources to meet the increased demand.

2. Budget pressures – including increase in demand for statutory services. This clearly has an impact on staffing levels and capacity.

3. Technology – make operational and customer service improvements through technology. Roll out existing tech projects.

4. Review existing service level and LBB/BELS strategies to ensure they are still relevant and reflective of changing demographics.

5. Explore opportunities to implement tools and strategies which allow BELS to proactively address and prepare for upcoming trends instead of being reactive.

6. Growth of Traded Services – both within Barnet and to external organisations

7. Improve staff experience and opportunities – recognising that BELS staff go “over and above” in order to get the job done and maintain the high levels of service.

Finally, in summary, despite the volatility around SEND related costs and economic uncertainty the Directors remain confident for the future. The current contract with London Borough of Barnet runs until 31 March 2026 but the Council brought forward the decision about a new contract and, in February 2025, agreed to a new five year contract from April 2025 with a possible three year extension.

BARNET EDUCATION AND LEARNING SERVICE LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -

On behalf of the board

N Marlow
Director
17 October 2025
BARNET EDUCATION AND LEARNING SERVICE LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -

The directors present their annual report and financial statements for the year ended 31 March 2025.

The company has chosen in accordance with Section 414C of the Companies Act 2006, to set out in the strategic report information which will otherwise be required to appear in the directors report.

Principal activities

Barnet Education and Learning Service Limited is a limited company wholly owned by London Borough of Barnet. Its aim is to deliver high quality education support services to Barnet schools and families on behalf of the council as described in the strategic report.

Results and dividends

The results for the year are set out on page 10.

No ordinary dividends were paid. The directors do not recommend payment of a final dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

B J F Thomas
(Resigned 21 March 2025)
S L Sands
R R F Rebello
(Resigned 10 February 2025)
S A Olusanya
(Resigned 7 November 2024)
C C Munday
(Resigned 10 February 2025)
L K Coffman
P Coakley Webb
N Marlow
P Kiratzi
(Appointed 20 March 2025)
B Dhinsa
(Appointed 7 November 2024)
J Baines-Holmes
(Appointed 9 July 2025)
Supplier payment policy

It is company policy to agree and clearly communicate the terms of payment as part of the commercial arrangements negotiated with suppliers and then to pay according to those terms based on the timely receipt of an accurate invoice.

Trade creditor days based on creditors at 31 March 2025 were 34 (2024: 3).

Auditor

Azets Audit Services were appointed as auditor to the company and in accordance with section 485 of the Companies Act 2006.

BARNET EDUCATION AND LEARNING SERVICE LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

On behalf of the board
N Marlow
Director
17 October 2025
BARNET EDUCATION AND LEARNING SERVICE LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

BARNET EDUCATION AND LEARNING SERVICE LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF BARNET EDUCATION AND LEARNING SERVICE LIMITED
- 7 -
Opinion

We have audited the financial statements of Barnet Education and Learning Service Limited (the 'company') for the year ended 31 March 2025 which comprise the statement of comprehensive income, the statement of financial position, the statement of changes in equity and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 101 Reduced Disclosure Framework (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its loss for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the directors' report has been prepared in accordance with applicable legal requirements.

BARNET EDUCATION AND LEARNING SERVICE LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBER OF BARNET EDUCATION AND LEARNING SERVICE LIMITED
- 8 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit; or

- the directors were not entitled to take advantage of the small companies exemption from the requirement to prepare a strategic report.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities is available on the Financial Reporting Council's website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

BARNET EDUCATION AND LEARNING SERVICE LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBER OF BARNET EDUCATION AND LEARNING SERVICE LIMITED
- 9 -

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

- Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;

- Reviewing minutes of meetings of those charged with governance;

- Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the company through enquiry and inspection;

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

- Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Use of our report

This report is made solely to the company’s member in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s member, those matters we are required to state to the member in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s member, for our audit work, for this report, or for the opinions we have formed.

Alison Nayler Bsc FCA (Senior Statutory Auditor)
For and on behalf of Azets Audit Services
17 October 2025
Chartered Accountants
Statutory Auditor
5 Yeomans Court
Ware Road
Hertford
Hertfordshire
United Kingdom
SG13 7HJ
BARNET EDUCATION AND LEARNING SERVICE LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2025
- 10 -
2025
2024
Notes
£
£
Revenue
3
21,836,534
20,506,295
Cost of sales
(19,421,290)
(18,283,697)
Gross profit
2,415,244
2,222,598
Administrative expenses
(2,477,488)
(2,228,546)
Loss before taxation
(62,244)
(5,948)
Tax on loss
7
-
0
(21,523)
Loss and total comprehensive income for the financial year
(62,244)
(27,471)
BARNET EDUCATION AND LEARNING SERVICE LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
31 March 2025
- 11 -
2025
2024
Notes
£
£
£
£
Current assets
Trade and other receivables
8
1,186,351
179,811
Cash and cash equivalents
2,036,052
3,237,944
3,222,403
3,417,755
Current liabilities
10
(2,810,731)
(2,943,839)
Net current assets
411,672
473,916
Equity
Called up share capital
13
100
100
Retained earnings
411,572
473,816
Total equity
411,672
473,916
The financial statements were approved by the board of directors and authorised for issue on 17 October 2025 and are signed on its behalf by:
N Marlow
Director
Company registration number 12724128
BARNET EDUCATION AND LEARNING SERVICE LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 12 -
Share capital
Retained earnings
Total
£
£
£
Balance at 1 April 2023
100
501,287
501,387
Year ended 31 March 2024:
Loss and total comprehensive income for the year
-
(27,471)
(27,471)
Balance at 31 March 2024
100
473,816
473,916
Year ended 31 March 2025:
Loss and total comprehensive income for the year
-
(62,244)
(62,244)
Balance at 31 March 2025
100
411,572
411,672
BARNET EDUCATION AND LEARNING SERVICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 13 -
1
Accounting policies
Company information

Barnet Education and Learning Service Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2 Bristol Avenue, London, England, NW9 4EW. The company's principal activities and nature of its operations are disclosed in the directors' report.

1.1
Accounting convention

The financial statements have been prepared in accordance with Financial Reporting Standard 101 Reduced Disclosure Framework (FRS 101) and in accordance with applicable accounting standards.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

As permitted by FRS 101, the company has taken advantage of the following disclosure exemptions from the requirements of IFRS:

- inclusion of an explicit and unreserved statement of compliance with IFRS;

- presentation of a statement of cash flows and related notes;

- disclosure of the objectives, policies and processes for managing capital;

- disclosure of key management personnel compensation;

- disclosure of the future impact of new International Financial Reporting Standards in issue but not yet effective at the reporting date;

- related party disclosures for transactions with the parent or wholly owned members of the group.

Where required, equivalent disclosures are given in the group accounts of the London Borough of Barnet. The group accounts of the London Borough of Barnet are available to the public and can be obtained as set out in note 15.

1.2
Going concern

The company's business activities, its current financial position and factors likely to affect its future true development are set out in the Strategic report. In preparing the financial statements on the going concern basis, the Board considered the following:

- Management has prepared forecasts of expected results for the period to 31 October 2026. These demonstrate that the company has sufficient resources to meet all liabilities as they fall due for the foreseeable future and for at least for the 12 months following the approval of these accounts.

- The London Borough of Barnet has confirmed its intention to continue to support the company if this is required.

The Directors have reviewed the Company's forecasts as described above and, on this basis, as well as the London Borough of Barnet's stated intention to support the company, the Board consider preparation of

the Financial Statements on a going concern basis to be appropriate.

BARNET EDUCATION AND LEARNING SERVICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 14 -
1.3
Revenue

Revenue from providing services is recognised in the accounting period in which the services are rendered. Services are typically provided over short periods of time, spanning a few months to a year at most. However, for fixed price contracts that span accounting periods, revenue is recognised based on the actual service provided to the end of the reporting period as a proportion of the total services to be provided because the customer receives and uses the benefits simultaneously:

- For Traded Services when income is received in advance of the service being provided, it is deferred and released to the income statement on a monthly basis over the academic year. Any income received in advance relating to a subsequent academic year is recognised as deferred income.

- For Barnet Education Special Projects income is recognised in line with the contract for services as established with the customer. Any amounts that are unspent at year end are deferred and utilised against the provision of the service in the next financial year.

- For Services to Council Bodies income is determined in advance based on the contracts in place and invoiced and recognised on a monthly basis.

- For Grants income is deferred and released to the income statement when the corresponding expenditure has been incurred.

Determining the transaction price

The company’s revenue on sales is generally based on the fixed price contract or cost of services per the entities traded services website.

Allocating amounts to performance obligations

Where the contracts include multiple performance obligations, which are determined to be separate performance obligations, the transaction price will be allocated to each performance obligation based on the cost of services.

1.4
Cash and cash equivalents

Cash and cash equivalents include cash in hand.

1.5
Trade and other receivables

Trade and other receivables where payment is due within one year do not constitute a financing transaction and are recorded at the undiscounted amount expected to be received, less attributable transaction costs. Any subsequent impairment is recognised as an expense in the income statement.

Impairment of trade and other receivables

Financial assets, other than those measured at fair value through income statement, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows of the investment have been affected.

The bad debt policy is to include a general provision for an estimate of debts which may not be recoverable. This estimate is based on managements professional judgement and there is limited bad debt write offs.

1.6
Trade and other payables

Trade and other payables are recognised at transaction price.

BARNET EDUCATION AND LEARNING SERVICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 15 -
1.7
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

The company incurs a recharge from London Borough of Barnet on its defined benefit pension scheme, therefore no provision is required by the company.

1.10
Grants

Government grants are recognised when th e relevant expenditure has been incurred.

2
Critical accounting estimates and judgements

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The directors consider that there are no significant judgements or estimates in the preparation of these financial statements.

3
Revenue
2025
2024
£
£
Revenue analysed by class of business
Services to council bodies
13,892,354
13,343,043
Barnet education special projects
5,152,647
4,001,633
Traded services
2,791,533
3,131,766
Grant income
-
29,853
21,836,534
20,506,295
BARNET EDUCATION AND LEARNING SERVICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 16 -
4
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
27,240
25,700
For other services
Tax services
1,910
1,800
Tax advisory
-
0
2,250
Other services
1,910
1,800
Total non-audit fees
3,820
5,850
For services in respect of associated pension schemes
Other services
1,270
1,200
5
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
220,456
218,146
Company pension contributions to defined contribution schemes
53,304
52,673
273,760
270,819
Remuneration disclosed above include the following amounts paid to the highest paid director:
2025
2024
£
£
Remuneration for qualifying services
141,453
138,303
Company pension contributions to defined contribution schemes
34,202
33,368
6
Employees

The average monthly number of persons employed by the company during the year was:

2025
2024
Number
Number
Service providers
199
164
Administration and management
32
33
Total
231
197
BARNET EDUCATION AND LEARNING SERVICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
6
Employees
(Continued)
- 17 -

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
11,299,409
10,049,591
Social security costs
994,485
891,484
Pension costs
965,614
885,107
13,259,508
11,826,182
7
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
-
21,523

The charge for the year can be reconciled to the loss per the income statement as follows:

2025
2024
£
£
Loss before taxation
(62,244)
(5,948)
Expected tax credit based on a corporation tax rate of 25.00% (2024: 25.00%)
(15,561)
(1,487)
Effect of expenses not deductible in determining taxable profit
-
0
6,066
Unutilised tax losses carried forward
15,561
-
0
Effect of capital allowances
-
(6,066)
Effect of change in pension creditor
-
23,010
Taxation charge for the year
-
21,523
BARNET EDUCATION AND LEARNING SERVICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 18 -
8
Trade and other receivables
2025
2024
£
£
Trade receivables
215,084
111,605
Provision for bad and doubtful debts
-
(23,477)
215,084
88,128
VAT recoverable
63,709
-
Amounts owed by fellow group undertakings
811,400
-
0
Other receivables
11,169
13,786
Prepayments and accrued income
84,989
77,897
1,186,351
179,811
9
Trade receivables - credit risk
Fair value of trade receivables

The directors consider that the carrying amount of trade and other receivables is approximately equal to their fair value.

No significant receivable balances are impaired at the reporting end date.

A general provision exists over the value of trade receivables where no credit losses are expected.

Movement in the allowances for impairment of trade receivables
2025
2024
£
£
Balance at 1 April 2024 and at 31 March 2025
-
23,477
10
Liabilities
2025
2024
Notes
£
£
Trade and other payables
11
1,311,291
636,353
Corporation tax
-
0
21,523
Other taxation and social security
261,485
1,243,294
Deferred income
1,237,955
1,042,669
2,810,731
2,943,839
BARNET EDUCATION AND LEARNING SERVICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 19 -
11
Trade and other payables
2025
2024
£
£
Trade payables
529,965
83,709
Amount owed to parent undertaking
-
0
30,164
Accruals
731,122
408,766
Other payables
50,204
113,714
1,311,291
636,353
12
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
965,614
885,107

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At year end £50,204 (2024: £110,663) was owed to the scheme.

13
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
14
Related party transactions

During the year sales totalling £22,572 (2024: £24,233) were made to Henrietta Barnett Academy, an organisation with a common director.

During the year sales totalling £12,830 (2024: £13,578) were made to Garden Suburb Infant School, an organisation where a director is the head teacher. There was no balance outstanding at year end.

During the year sales totalling £14,755 (2024: £12,179) were made to Christ's College Academy, an organisation with a common director. At the year end a balance of £855 was receivable (2024: £2,126)

During the year sales totalling £23,599 (2024: £14,751) were made to The Pavillion Study Centre, an organisation with a common director. There was no balance outstanding at year end

During the year sales totalling £32,196 (2024: £30,507) were made to Danegrove Primary School, an organisation with a common director. At the year end a balance of £78 was receivable (2024: £Nil)

During the year sales totaling £9,074 (2024: £6,195) were made to Ashmore Academy, an organisation with a common director. There was no outstanding balance at the year end (2024: £65).

BARNET EDUCATION AND LEARNING SERVICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 20 -
15
Controlling party

The immediate and ultimate parent undertaking is The London Borough of Barnet, which is incorporated in England and Wales. The registered office address of The London Borough of Barnet is 2 Bristol Avenue, Barnet, London, United Kingdom, NW9 4EW. The largest group of undertakings for which group accounts have been drawn up is that headed by London Borough of Barnet. Copies of the group accounts may be obtained from their website.

2025-03-31 2024-04-01 B J F Thomas S L Sands R R F Rebello S A Olusanya C C Munday L K Coffman P Coakley Webb N Marlow P Kiratzi B Dhinsa J Baines-Holmes false false CCH Software iXBRL Review & Tag 2025.2 12724128 2024-04-01 2025-03-31 12724128 bus:Director2 2024-04-01 2025-03-31 12724128 bus:Director6 2024-04-01 2025-03-31 12724128 bus:Director7 2024-04-01 2025-03-31 12724128 bus:Director8 2024-04-01 2025-03-31 12724128 bus:Director9 2024-04-01 2025-03-31 12724128 bus:Director10 2024-04-01 2025-03-31 12724128 bus:Director11 2024-04-01 2025-03-31 12724128 bus:Director1 2024-04-01 2025-03-31 12724128 bus:Director3 2024-04-01 2025-03-31 12724128 bus:Director4 2024-04-01 2025-03-31 12724128 bus:Director5 2024-04-01 2025-03-31 12724128 bus:RegisteredOffice 2024-04-01 2025-03-31 12724128 2025-03-31 12724128 2023-04-01 2024-03-31 12724128 core:ContinuingOperations 2024-04-01 2025-03-31 12724128 core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 12724128 core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 12724128 2024-03-31 12724128 core:ShareCapital 2025-03-31 12724128 core:ShareCapital 2024-03-31 12724128 core:RetainedEarningsAccumulatedLosses 2025-03-31 12724128 core:RetainedEarningsAccumulatedLosses 2024-03-31 12724128 2023-03-31 12724128 core:CurrentFinancialInstruments 2025-03-31 12724128 core:CurrentFinancialInstruments 2024-03-31 12724128 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 12724128 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 12724128 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12724128 bus:FRS101 2024-04-01 2025-03-31 12724128 bus:Audited 2024-04-01 2025-03-31 12724128 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP