NATURALLY TALENTED ME CIC

Company Registration Number:
12613606 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

NATURALLY TALENTED ME CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

NATURALLY TALENTED ME CIC

Directors' report period ended 31 May 2024

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

N Boothroyd
N J Mears


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
9 January 2025

And signed on behalf of the board by:
Name: N Boothroyd
Status: Director

NATURALLY TALENTED ME CIC

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets: 3 48,511 17,857
Total fixed assets: 48,511 17,857
Current assets
Debtors: 4 740 19,290
Cash at bank and in hand: 7,291 27,230
Total current assets: 8,031 46,520
Creditors: amounts falling due within one year: 5 ( 41,482 ) ( 47,068 )
Net current assets (liabilities): (33,451) (548)
Total assets less current liabilities: 15,060 17,309
Total net assets (liabilities): 15,060 17,309
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 14,960 17,209
Total Shareholders' funds: 15,060 17,309

The notes form part of these financial statements

NATURALLY TALENTED ME CIC

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 9 January 2025
and signed on behalf of the board by:

Name: N Boothroyd
Status: Director

The notes form part of these financial statements

NATURALLY TALENTED ME CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

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

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery - Straight line over 3 years

    Intangible fixed assets amortisation policy

    Intangible assets are initially measured at costs. After initial recognition, intangible assets are measure at cost less any accumulated amortisation and any accumulated impairment losses. Computer software is being amortised evenly over its estimated useful life of four years.

NATURALLY TALENTED ME CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

NATURALLY TALENTED ME CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 June 2023 64,763 64,763
Additions 63,862 63,862
Disposals
Revaluations
Transfers
At 31 May 2024 128,625 128,625
Amortisation
At 1 June 2023 46,906 46,906
Charge for year 33,208 33,208
On disposals
Other adjustments
At 31 May 2024 80,114 80,114
Net book value
At 31 May 2024 48,511 48,511
At 31 May 2023 17,857 17,857

NATURALLY TALENTED ME CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Debtors

2024 2023
£ £
Trade debtors 740 14,690
Other debtors 4,600
Total 740 19,290

NATURALLY TALENTED ME CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 2,540
Taxation and social security 3,168 17,143
Other creditors 35,774 29,925
Total 41,482 47,068

COMMUNITY INTEREST ANNUAL REPORT

NATURALLY TALENTED ME CIC

Company Number: 12613606 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

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.

Consultation with stakeholders

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.

Directors' remuneration

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.

Transfer of assets

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