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Registration number: 09764411

MeeToo Education Limited

trading as Tellmi

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 December 2023

 

MeeToo Education Limited

trading as Tellmi

Contents

Company Information

1

Directors' Report

2

Abridged Balance Sheet

3 to 4

Notes to the Unaudited Abridged Financial Statements

5 to 9

 

MeeToo Education Limited

trading as Tellmi

Company Information

Directors

Mrs S M Godson

Mrs S Neil

Dr A Krattiger

Dr K S C Comley

Registered office

The Health Foundry
1 Royal Street
London
SE1 7LL

 

MeeToo Education Limited

trading as Tellmi

Directors' Report for the Year Ended 31 December 2023

The directors present their report and the abridged financial statements for the year ended 31 December 2023.

Directors of the company

The directors who held office during the year were as follows:

Mrs S M Godson

Mrs S Neil

Dr A Krattiger

Dr K S C Comley

Principal activity

The principal activity of the company is the development of educational health and support apps.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 31 May 2024 and signed on its behalf by:
 

.........................................
Dr K S C Comley
Director

 

MeeToo Education Limited

trading as Tellmi

(Registration number: 09764411)
Abridged Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

5

280,718

102,309

Tangible assets

6

4,954

6,158

 

285,672

108,467

Current assets

 

Debtors

37

158,712

Cash at bank and in hand

 

199,124

790,015

 

199,161

948,727

Prepayments and accrued income

 

7,038

57,109

Creditors: Amounts falling due within one year

(157,433)

(156,145)

Net current assets

 

48,766

849,691

Total assets less current liabilities

 

334,438

958,158

Creditors: Amounts falling due after more than one year

(418,383)

(505,909)

Accruals and deferred income

 

(48,178)

(105,503)

Net (liabilities)/assets

 

(132,123)

346,746

Capital and reserves

 

Called up share capital

29,754

29,754

Share premium reserve

1,201,242

1,201,242

Profit and loss account

(1,363,119)

(884,250)

Total equity

 

(132,123)

346,746

For the financial year ending 31 December 2023 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.

 

MeeToo Education Limited

trading as Tellmi

(Registration number: 09764411)
Abridged Balance Sheet as at 31 December 2023

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet and have elected to take the option not to file the Profit and Loss Account in accordance with Section 444 of the Companies Act 2006

Approved and authorised by the Board on 31 May 2024 and signed on its behalf by:
 

.........................................

Dr K S C Comley

Director

 

MeeToo Education Limited

trading as Tellmi

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

1

General information

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

The address of its registered office is:
The Health Foundry
1 Royal Street
London
SE1 7LL
United Kingdom

These financial statements were authorised for issue by the Board on 31 May 2024.

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 abridged 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 abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Reclassification of comparative amounts

During the year there was a change in accounting policy: the recognition criteria of intangible assets has been revised to ensure the accounts give a fair and true view of the financial position of the business. The 2022 comparative figures have been restated accordingly.

 

MeeToo Education Limited

trading as Tellmi

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

Revenue recognition

The majority of revenue comprises commissioning of our Tellmi mental health service to ICBs (NHS and Local Authorities) and schools. Contracts typically last for a year with options to renew. Revenue is also generated from research and evaluation contracts which are typically for a fixed period of time. Revenue is recognised over the term that the contracts are being delivered.

Other income is derived from grants, typically for research and development. Other income is distinguished from revenue as a source of income for which we don't charge VAT nor can we make a profit from. Research and development grants are recognised in the year that the research is undertaken.

Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

Straight line 20%

Intangible assets

Intangible assets are stated in the balance sheet at cost, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

 

MeeToo Education Limited

trading as Tellmi

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Software development

Straight line 10%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

MeeToo Education Limited

trading as Tellmi

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 17 (2022 - 19).

4

Loss before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

1,610

1,363

Amortisation expense

31,191

-

 

MeeToo Education Limited

trading as Tellmi

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

5

Intangible assets

Total
£

Cost or valuation

At 1 January 2023

102,309

Additions internally developed

209,600

At 31 December 2023

311,909

Amortisation

Amortisation charge

31,191

At 31 December 2023

31,191

Carrying amount

At 31 December 2023

280,718

At 31 December 2022

102,309

6

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

7,880

7,880

Additions

591

591

Disposals

(264)

(264)

At 31 December 2023

8,207

8,207

Depreciation

At 1 January 2023

1,722

1,722

Charge for the year

1,611

1,611

Eliminated on disposal

(80)

(80)

At 31 December 2023

3,253

3,253

Carrying amount

At 31 December 2023

4,954

4,954

At 31 December 2022

6,158

6,158