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 director shown below has 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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Current assets | |||
Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 3 |
(
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(
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Net current assets (liabilities): |
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( |
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Total assets less current liabilities: |
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( |
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Creditors: amounts falling due after more than one year: | 4 |
(
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(
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Total net assets (liabilities): |
( |
( |
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Members' funds | |||
Profit and loss account: |
( |
( |
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Total members' funds: |
( |
( |
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
Other accounting policies
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
2024 | 2023 | |
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£ | £ | |
Accruals and deferred income |
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Other creditors |
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Total |
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for the Period Ended 31 May 2024
2024 | 2023 | |
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£ | £ | |
Other creditors |
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Total |
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Since the success of securing our first local funding in 2022, we successfully secured another local fund from Lambeth Council in 2023. We were able to continue to run our Beauty Taster workshops specifically for local Lambeth young people. The young people we supported through this project were aged 16-24, not in education, employment or training. We successfully engaged with 40 local young people interested in learning a new skill in beauty of and as a result saw, 15 of these attendees join and pass our accredited Manicure and Individual Eyelash Extensions courses. For some this was the first qualification they had ever gained and for other’s it helped in boosting their confidence to access further higher education opportunities. Through feedback we received during participants' attendance on our courses and from tutors' observations, we realized young people in our programs lacked the additional skills needed to support them further in their education and employment journeys. Some of the skills lacking included: Basic IT, Media, and Functional skills. This encouraged us to develop additional programs of support local people could access to help them further develop the transferable skills they needed to succeed. We successfully gained additional project funding and have since been adding Taster Media workshops, employability skills, and valuable work experience placements. We formed additional partnerships and built safe networks with other local organisations, enabling us to offer a successful wrap-around service that our current and future attendees could engage in and access further free resources to support their needs. We additionally expanded the beauty services we offered to the public, which helped us in raising some additional income to help maintain the running costs of the organization and have been happy with the progress we have made during this accounting period.
The company’s stakeholders are residents of the local area. The directors of the company have lived in the area all their life and have either worked within the Beauty field or community organisations for a number of years, gaining wealth and knowledge in both areas, enabling us to work together and develop the business model for the organization, based on their experience and in talking to members of the community to find out what their needs were. We continued throughout this accounting period to ask everyone using our services to complete questionnaires to gauge their satisfaction and overall feedback of our services. We also gathered reviews and case studies to add to our social media. All feedback received has helped us in shaping new courses and provisions ensuring we meet our participants needs. Our research and continuous networking has enabled us to identify additional local organisations we can work with, who can fill any gaps that our provision cannot address. This has proven to help us build a successful wrap-around service, where our past attendees have moved on to accessing further local resources that have helped them progress. It has also helped us receive additional referrals, as local provisions are more aware of the services our organization provides and referral numbers, as well as expressions of of interest received, have shown there is a high need for our provision to continue
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
26 February 2025
And signed on behalf of the board by:
Name: Clark , Tina Belinda
Status: Director