Optimus Education Limited

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

1. General Information

Optimus Education Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05791519 . The registered office is Collar Factory, 112 St. Augustine Street, Taunton, Somerset, TA1 1QN.

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 rendering of services.

Rendering of services

Revenue on service-based contracts is recognised as services are provided. Where the company has received consideration under the terms of a contract in advance of performing the related service, revenue is deferred until the relevant contractual commitment has been fulfilled. An expected loss on a contract is recognised immediately in the profit and loss account.

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 on a straight-line basis to profit and loss account over its estimated economic life of 5 years.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other Intangible contains the development cost for the company's training website. These costs have been capitalised because the website is used for the rendering of services that will generate economic benefit for the company into the future.

The website development is initially recognised at cost within intangible assets and is subsequently amortised to the profit and loss account over the estimated economic life of 8 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:

Fixtures & Fittings

8 years straight line basis

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. 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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Optimus Education Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.7. 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.

2.8. Going Concern

The financial statements have been prepared on a going concern basis. The director has, at the time of approving the financial statements, a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

In forming this view, the director has considered:

the company’s current financial position, including available cash and credit facilities;
forecasts of future performance and cash flows covering a period of at least twelve months from the date of approval of the financial statements;
the post year-end trading results of the company which continues to materially meet budgeted cashflows.

The director has not identified any material uncertainties that may cast significant doubt on the company’s ability to continue as a going concern.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 29 (2024: 34)

4. Intangible Assets

	Goodwill	Other Intangible	Total
	£	£	£
Cost
As at 1 September 2024	36,155	1,197,904	1,234,059
Additions	-	105,993	105,993

As at 31 August 2025	36,155	1,303,897	1,340,052

Amortisation
As at 1 September 2024	36,155	993,933	1,030,088
Provided during the period	-	46,550	46,550

As at 31 August 2025	36,155	1,040,483	1,076,638

Net Book Value
As at 31 August 2025	-	263,414	263,414

As at 1 September 2024	-	203,971	203,971

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Optimus Education Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

5. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 September 2024	109,500
Additions	688

As at 31 August 2025	110,188

Depreciation
As at 1 September 2024	109,309
Provided during the period	141

As at 31 August 2025	109,450

Net Book Value
As at 31 August 2025	738

As at 1 September 2024	191

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	286,798	335,223
Prepayments and accrued income	209,004	205,862
Other debtors	1,430	-
Deferred tax current asset	39,540	38,791
Amounts owed by group undertakings	87,567	63,258

	624,339	643,134

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	40,537	59,623
Bank loans and overdrafts	10,295	-
Other taxes and social security	32,786	33,607
VAT	89,995	100,552
Other creditors	-	51
Accruals and deferred income	1,396,204	1,344,486

	1,569,817	1,538,319

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100,001	100,001

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Optimus Education Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

9. Related Party Transactions

All related party transactions have been conducted under normal market conditions.

10. Exceptional Items

Included within Exceptional Items on the Profit and Loss Report is £24,824 of debt that has been written off (2023: £nil). This was owed to a previous shareholder of the company. The debt was recognised within Creditors falling due within one year. The impact of this was to reduce net liabilities by £24,824 and increase the funds available within the profit and loss account by the same amount.

11. Ultimate Parent Undertaking and Controlling Party

From 1 May 2024 onward, the immediate parent and ultimate parent undertaking is The School Training Company Limited , a company registered in England and Wales (number 14773184). The School Training Company Limited and the group qualify as small under s383 of the Companies Act 2006 and are considered eligible for the exemption as determined by reference to sections 384 and 399(2A) of the Companies Act 2006.

In the comparative year during the period from 1 September 2023 to 30 April 2024, the company's immediate parent company was Prospects Education Services Limited, a company registered in England and Wales (number 09598618). During this time, the ultimate parent and controlling party was Shaw Trust Limited (The), a company registered in England and Wales (number 01744121). Shaw Trust Limited (The) is the largest and smallest group of undertakings for which group financial statements have been drawn up and copies can be obtained from Black Country House, Rounds Green, Oldbury, B69 2DG.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		263,414		203,971
Tangible Assets	5		738		191

			264,152		204,162
CURRENT ASSETS
Debtors	6	624,339		643,134
Cash at bank and in hand		328,162		245,668

		952,501		888,802
Creditors: Amounts Falling Due Within One Year	7	(1,569,817 )		(1,538,319 )

NET CURRENT ASSETS (LIABILITIES)			(617,316 )		(649,517 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(353,164 )		(445,355 )

NET LIABILITIES			(353,164 )		(445,355 )

CAPITAL AND RESERVES
Called up share capital	8		100,001		100,001
Share premium account			12,500		12,500
Profit and Loss Account			(465,665 )		(557,856 )

SHAREHOLDERS' FUNDS			(353,164)		(445,355)