Registration number: 10658597

Libra Education Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 5

Libra Education Limited

(Registration number: 10658597)
Statement of Financial Position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	7,956	11,265
Current assets
Debtors	5	237,316	236,371
Cash at bank and in hand		236,906	85,542
		474,222	321,913
Creditors: Amounts falling due within one year	6	(199,916)	(111,037)
Net current assets		274,306	210,876
Total assets less current liabilities		282,262	222,141
Provisions for liabilities		(1,759)	(2,720)
Net assets		280,503	219,421
Capital and reserves
Called up share capital		1,000	1,000
Retained earnings		279,503	218,421
Shareholders' funds		280,503	219,421

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 November 2025 and signed on its behalf by:
 

......................................... Mr O Hardy Director

Libra Education Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
126 Libra Education
New Kings Road
Fulham
London
SW6 4LZ

These financial statements were authorised for issue by the Board on 17 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

In the opinion of the directors, there are no criticial accounting judgements and key sources of estimation and uncertainty.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered

Libra Education Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Government grants

The company took advantage of the Coronavirus Business Interruption Loan Scheme (CIBLS). The government makes a Business Interruption Payment to cover the first 12 months of interest payments.

The income has been included in other operating income with a matching amount to bank loan interest payable.

Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Asset class	Depreciation method and rate
Equipment	25% straight line

Leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Financial instruments

Classification
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financial transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

The company only has basic financial instruments.
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2024 - 12).

Libra Education Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Equipment  £	Total £
Cost or valuation
At 1 April 2024	22,537	22,537
Additions	1,188	1,188
At 31 March 2025	23,725	23,725
Depreciation
At 1 April 2024	11,272	11,272
Charge for the year	4,497	4,497
At 31 March 2025	15,769	15,769
Carrying amount
At 31 March 2025	7,956	7,956
At 31 March 2024	11,265	11,265

5

Debtors

Current	2025 £	2024 £
Trade debtors	193,284	220,209
Prepayments	33,333	5,602
Other debtors	10,699	10,560
	237,316	236,371

Libra Education Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	24,589	11,217
Taxation and social security	72,921	53,223
Accruals and deferred income	84,184	12,943
Other creditors	18,222	33,654
	199,916	111,037

7	Obligations under leases and hire purchase contracts

Operating leases

At the year end, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £13,200 (2024 - £52,800).