REGISTERED NUMBER: 09292043 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

Zest Education Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Barker

M K Talbot

REGISTERED OFFICE:

First Floor (above City Arcade),

12 Market St,

Lichfield

Staffordshire

WS13 6LH

REGISTERED NUMBER:

09292043 (England and Wales)

ACCOUNTANTS:

Locke Williams Associates LLP

Chartered Accountants

Studio 2

50-54 St Pauls Square

Birmingham

West Midlands

B3 1QS

FIXED ASSETS

Tangible assets

4

14,283

15,297

CURRENT ASSETS

Debtors

5

2,665,517

1,281,573

Cash at bank and in hand

188,069

150,913

2,853,586

1,432,486

CREDITORS

Amounts falling due within one year

6

1,825,723

1,014,165

NET CURRENT ASSETS

1,027,863

418,321

TOTAL ASSETS LESS CURRENT LIABILITIES

1,042,146

433,618

CREDITORS

Amounts falling due after more than one year

7

(648,496

)

-

PROVISIONS FOR LIABILITIES

(3,570

)

(3,823

)

NET ASSETS

390,080

429,795

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

389,980

429,695

SHAREHOLDERS' FUNDS

390,080

429,795

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 June 2026 and were signed on its behalf by:

S J Barker - Director

M K Talbot - Director

1.	STATUTORY INFORMATION

Zest Education Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is derived from placement fees and is recognised when the employment placement commences.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Creditors which are debt instrument, such as loans and finance leases, are subsequently carried at amortised cost, using the effective interest rate method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2024 - 34 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 December 2024

18,678

15,527

34,205

Additions

1,618

8,791

10,409

Disposals

-

(7,565

)

(7,565

)

At 30 November 2025

20,296

16,753

37,049

DEPRECIATION

At 1 December 2024

8,648

10,260

18,908

Charge for year

5,544

5,214

10,758

Eliminated on disposal

-

(6,900

)

(6,900

)

At 30 November 2025

14,192

8,574

22,766

NET BOOK VALUE

At 30 November 2025

6,104

8,179

14,283

At 30 November 2024

10,030

5,267

15,297

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

1,249,301

962,382

Amounts owed by group undertakings

899,143

-

Other debtors

517,073

319,191

2,665,517

1,281,573

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts

101,504

-

Factoring advances

884,118

345,737

Trade creditors

326,076

263,886

Taxation and social security

294,725

295,232

Other creditors

219,300

109,310

1,825,723

1,014,165

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans

648,496

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

93,017

-

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.11.25

30.11.24

£

£

Within one year

85,652

83,568

Between one and five years

154,598

298,348

In more than five years

-

36,875

240,250

418,791

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.25

30.11.24

£

£

Factoring advance

884,118

345,736

The amount included in creditors due in less than one year in respect of the factoring advance is secured by way of a fixed and floating charge over the company's assets.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

£

100

A Ordinary

£1

100

100