Athona Education Limited
Unaudited Financial Statements
For the year ended 31 July 2025
Pages for Filing with Registrar
Company Registration No. 10636498 (England and Wales)
Athona Education Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
Athona Education Limited
Balance Sheet
As at 31 July 2025
Page 1
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
34,761
59,063
Tangible assets
5
218
377
34,979
59,440
Current assets
Debtors
6
368,707
554,384
Cash at bank and in hand
9,145
888
377,852
555,272
Creditors: amounts falling due within one year
7
(353,173)
(600,081)
Net current assets/(liabilities)
24,679
(44,809)
Net assets
59,658
14,631
Capital and reserves
Called up share capital
8
35,879
35,879
Share premium account
562,240
562,240
Profit and loss reserves
(538,461)
(583,488)
Total equity
59,658
14,631

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Athona Education Limited
Balance Sheet (Continued)
As at 31 July 2025
Page 2
The financial statements were approved by the board of directors and authorised for issue on 24 March 2026 and are signed on its behalf by:
S D London
Director
Company Registration No. 10636498
Athona Education Limited
Notes to the Financial Statements
For the year ended 31 July 2025
Page 3
1
Accounting policies
Company information

Athona Education Limited is a private company limited by shares incorporated in England and Wales. The registered office is Orbital House, 20 Eastern Road, Romford, Essex, RM1 3PJ and the business address is Kingsgate House, 2 nd Floor,1 King Edward Road, Brentwood, Essex, CM14 4HG.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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

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

1.2
Going concern

A true t the balance sheet date, the company has net assets of £59,658 (202 4: £14,631). The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and for at least a period of 12 months following the approval of these financial statements. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover represents revenue earned under a variety of contracts to provide professional recruitment services. Turnover is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

Athona Education Limited
Notes to the Financial Statements (Continued)
For the year ended 31 July 2025
1
Accounting policies
(Continued)
Page 4
1.5
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bas i s:

Software
25% straight line
1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bas i s:

Fixtures and fittings
25% straight line
Computers
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

All of the company's financial assets and liabilities are basic and measured at amortised cost.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account 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.

Athona Education Limited
Notes to the Financial Statements (Continued)
For the year ended 31 July 2025
1
Accounting policies
(Continued)
Page 5
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised.

1.11
Retirement benefits

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 14 (2024: 14).

3
Taxation
The company has tax losses of £351,752 (2024: £420,798) available for offset against future profits.
4
Intangible fixed assets
Goodwill
Software
Total
£
£
£
Cost
At 1 August 2024 and 31 July 2025
214,933
43,036
257,969
Amortisation and impairment
At 1 August 2024
159,408
39,498
198,906
Amortisation charged for the year
21,493
2,809
24,302
At 31 July 2025
180,901
42,307
223,208
Carrying amount
At 31 July 2025
34,032
729
34,761
At 31 July 2024
55,525
3,538
59,063
Athona Education Limited
Notes to the Financial Statements (Continued)
For the year ended 31 July 2025
Page 6
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2024 and 31 July 2025
14,203
Depreciation and impairment
At 1 August 2024
13,826
Depreciation charged in the year
159
At 31 July 2025
13,985
Carrying amount
At 31 July 2025
218
At 31 July 2024
377
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
290,494
346,748
Other debtors
78,213
207,636
368,707
554,384
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
109,345
-
0
Trade creditors
9,379
6,964
Taxation and social security
202,125
233,345
Other creditors
18,199
278,618
Accruals and deferred income
14,125
81,154
353,173
600,081

The company has in invoice discounting facility w ith RBS Invoice Finance Limited. The agreement is secured by a fixed and floating charge over the assets of the company. Included in bank loans and overdrafts is an amount owed to RBS Invoice Finance Limited of £109,345 (2024: £n il).

Included within other creditors at the year end are outstanding pension contributions of £9,366 (2024: £13,203).

Athona Education Limited
Notes to the Financial Statements (Continued)
For the year ended 31 July 2025
Page 7
8
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
32,000 Ordinary A shares of £1 each
32,000
32,000
3,879 Ordinary B shares of £1 each
3,879
3,879
35,879
35,879

The Ordinary A shares and the Ordinary B shares rank pari passu in all respects apart from the Ordinary B shares do not carry a right to vote and do not carry a right to a dividend.

9
Related party transactions

The company is related to Athona Limited by virtue of common control under the directors S D London and T London. During the year, the company paid management charges of £334,163 (2024: £246,550) to Athona Limited. Included in other debt ors at the year end, is a balance of £71,373 due from Athona Limited (2024: £254,543 due to Athona Limited).

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