REGISTERED NUMBER: 13039225 (England and Wales)

BOOOST EDUCATION LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L N Penfold

Mr T S Jones

Mr A S Allsopp

REGISTERED OFFICE:

7 St John Street

Mansfield

Nottinghamshire

NG18 1QH

REGISTERED NUMBER:

13039225 (England and Wales)

ACCOUNTANTS:

ApC

Chartered Accountants

7 St John Street

Mansfield

Nottinghamshire

NG18 1QH

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

10,916

8,176

10,916

8,176

CURRENT ASSETS

Debtors

7

573,733

591,353

Cash at bank

2,108,172

622,844

2,681,905

1,214,197

CREDITORS

Amounts falling due within one year

8

4,548,440

2,334,278

NET CURRENT LIABILITIES

(1,866,535

)

(1,120,081

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,855,619

)

(1,111,905

)

CAPITAL AND RESERVES

Called up share capital

9

1,009

1,009

Share premium

18,894

18,894

Retained earnings

(1,875,522

)

(1,131,808

)

SHAREHOLDERS' FUNDS

(1,855,619

)

(1,111,905

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2026 and were signed on its behalf by:

Mrs L N Penfold - Director

1.	STATUTORY INFORMATION

Booost 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Revenue recognition

Where the Company sells multi-year licence entitlements in bulk to resellers, revenue is recognised at the point in time when the licence entitlements are delivered and the significant risks and rewards of ownership, together with control, pass to the reseller. Resellers assume responsibility for allocating licences to end-users, determining pricing and providing first-line support. Refund rights are limited to a 30-day period following delivery, during which a refund liability is recognised. Once the refund period expires, revenue is recognised in full.

Where licences are sold directly to end-customers, revenue is recognised over the life of the contract on a straight-line basis, reflecting the Company's continuous provision of access to the software and related support over the contract term. This method best represents the transfer of benefits to the customer.

Payments received in advance of the satisfaction of performance obligations are recorded as deferred income within creditors and released to revenue when the related service is provided.

Where professional services (such as onboarding or custom integration) are sold separately these are assessed as distinct performance obligations. Revenue for such services is recognised when control transfers to the customer, generally at the point of service delivery.

Turnover

Turnover represents the fair value of consideration receivable for goods and services provided in the normal course of business, excluding value added tax, rebates and discounts. Revenue is recognised when it is probable that economic benefits will flow to the company, the amount of revenue can be measured reliably, and the Company has satisfied its contractual obligations to the customer acquired.

The Financial Reporting Council have provided a new approach for accounting for revenue. A five step revenue recognition model has been introduced to FRS102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. The company has decided to apply early adoption of this standard.

The new model focuses on identifying the distinct goods or services promised to the customer, determining the amount of consideration that the entity will be entitled to in exchange and the pattern of fulfilment of those distinct elements. After a detailed analysis it has been calculated that 19% of a customers subscription fee relates to onboarding costs and will be released to income at the start. The remaining balance of 81% will be deferred over the life of the course.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Computer equipment

-

33% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Financial instruments

Financial instruments and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2025 - 16 ) .

5.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 April 2025

and 31 March 2026

546,308

AMORTISATION

At 1 April 2025

and 31 March 2026

546,308

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

6.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2025

1

20,907

20,908

Additions

-

8,263

8,263

Disposals

-

(3,197

)

(3,197

)

At 31 March 2026

1

25,973

25,974

DEPRECIATION

At 1 April 2025

-

12,732

12,732

Charge for year

-

3,690

3,690

Eliminated on disposal

-

(1,364

)

(1,364

)

At 31 March 2026

-

15,058

15,058

NET BOOK VALUE

At 31 March 2026

1

10,915

10,916

At 31 March 2025

1

8,175

8,176

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

as restated

£

£

Trade debtors

342,657

320,622

Deferred tax asset

216,567

267,016

Prepayments and accrued income

14,509

3,715

573,733

591,353

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

as restated

£

£

Trade creditors

25,474

14,954

Corporation tax

(183,938

)

(15,160

)

Social security and other taxes

53,986

16,368

Pension control

3,887

3,628

VAT

34,193

193,819

Other creditors

-

4,800

Credit card

2,170

2,410

Wages control account

73,361

37,267

Directors' current accounts

3

3

Accruals and deferred income

4,539,304

2,076,189

4,548,440

2,334,278

9.	CALLED UP SHARE CAPITAL

Allotted, Issued and fully paid:

Number

Class

Nominal Value

2026

2025

£

£

1,000

Ordinary

£1

1,000

1,000

1

Ordinary A

£1

1

1

1

Ordinary B

£1

1

1

1

Ordinary C

£1

1

1

1

Ordinary D

£1

1

1

1

Ordinary E

£1

1

1

1

Ordinary F

£1

1

1

1

Ordinary G

£1

1

1

1

Ordinary H

£1

1

1

1

Ordinary I

£1

1

1

1,009

1,009

10.	RELATED PARTY DISCLOSURES

Key management personnel remuneration and pensions in the year totalled £522,798 (2025: £44,186)