for the Period Ended 31 May 2024
Directors report | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 May 2024
Directors
The directors shown below have held office during the whole of the period from
1 June 2023
to
31 May 2024
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
As at
Notes | 2024 | 2023 | |
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£ |
£ |
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Fixed assets | |||
Intangible assets: | 3 |
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Total fixed assets: |
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Current assets | |||
Debtors: | 4 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 5 |
(
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(
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Net current assets (liabilities): |
( |
( |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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Capital and reserves | |||
Called up share capital: |
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Profit and loss account: |
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Total Shareholders' funds: |
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The notes form part of these financial statements
The directors have chosen not to file a copy of the company's profit and loss account.
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 May 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Intangible fixed assets amortisation policy
for the Period Ended 31 May 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 31 May 2024
Goodwill | Other | Total | |
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Cost | £ | £ | £ |
At 1 June 2023 |
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Additions |
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Disposals | |||
Revaluations | |||
Transfers | |||
At 31 May 2024 |
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Amortisation | |||
At 1 June 2023 |
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Charge for year |
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On disposals | |||
Other adjustments | |||
At 31 May 2024 |
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Net book value | |||
At 31 May 2024 |
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At 31 May 2023 |
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for the Period Ended 31 May 2024
2024 | 2023 | |
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£ | £ | |
Trade debtors |
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Other debtors |
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Total |
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for the Period Ended 31 May 2024
2024 | 2023 | |
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£ | £ | |
Trade creditors |
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Taxation and social security |
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Other creditors |
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Total |
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Naturally Talented Me (NTM) has continued to provide employability support services to a range of marginalised communities including SEND, Homeless, Care-leavers and NEETs. We have successfully negotiated renewals of both of our main Council contracts and continue to work in close partnership to deliver impact within communities furthest from the jobs market. Ongoing investment in the NTM platform that supports all of our activities has been central to our strategy and has been the focus of the majority of our expenditure. This continued investment is designed to differentiate our solution from others in the careers advice market and is proving to be a major contributing factor for the securing of renewals and new sales. A revised approach to the funding model as councils and educational establishments become ever more cash-strapped has been necessary and we are moving towards an employer funded model for the future. This realisation has required focus on employer engagement as we seek to secure national sponsorship for our solution. Significant effort has been directed at the submission of grant funding opportunities to inject much-needed capital to fund development in Accessibility, AI, ML and other technologies. We continue to approach investors in return for equity in NTM as this will provide another route to securing capital for growth. NTM has demonstrated significant impact in the identification and showcasing of hidden potential amongst individuals who struggle to be seen for their talent. Our determination to continue to seek out and offer access to new diverse talent pools for industries experiencing talent shortfalls that impact their growth drives our purpose as a business with under-represented communities at its heart.
NTM’s approach is one of continuous improvement fed by feedback sought from our customers and client stakeholders. Many of our platform developments are as a result of specific community requests and feedback. The evolution of our NTM Lite product has been as a result of significant consultation with Essex County Council SEND employability team and the inclusion of granular disability categorisations will be introduced due to direct SEND school feedback.
The total amount paid or receivable by directors in respect of qualifying services was £40,306. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
9 January 2025
And signed on behalf of the board by:
Name: Nick Boothroys
Status: Director