Company registration number 06779537 (England and Wales)
The National Teaching & Advisory Service For Looked After Children And Children In Need Limited
Annual report and financial statements
For the year ended 31 August 2025
The National Teaching & Advisory Service For Looked After Children And Children In Need Limited
Company information
Directors
Mrs E A Palin
Mr T G Walker
Ms A Gunns
Company number
06779537
Registered office
Dean Row Court
Summerfields Village Centre
Dean Row Road
Wilmslow
Cheshire
England
SK9 2TA
Auditor
DJH Audit Limited
St George's House
56 Peter Street
Manchester
M2 3NQ
The National Teaching & Advisory Service For Looked After Children And Children In Need Limited
Contents
Page
Strategic report
1 - 2
Directors' report
3 - 4
Independent auditor's report
5 - 8
Group statement of income and retained earnings
9
Group balance sheet
10
Company balance sheet
11
Group statement of cash flows
12
Notes to the financial statements
13 - 24
The National Teaching & Advisory Service For Looked After Children And Children In Need Limited
Strategic report
For the year ended 31 August 2025
- 1 -

The National Teaching & Advisory Service (NT&AS) operates within the private education sector. Its customers are almost exclusively local authorities and schools. In addition it works alongside a private fostering agency, Three Circles Fostering. Its client group are amongst the most vulnerable group of children and young people in society.

Review of the business

NT&AS has continued to thrive and produce a further set of successful financial results for the year September 1st 2024 to August 31st 2025.

Principal risks and uncertainties

Principal risks and uncertainties identified last year remain. The directors are mindful of the potential threats to future success. We are, at the same time, confident that we have the reputation and expertise to continue to provide services for which we have few competitors. The growth in education agencies in effect trespassing on our operations and undercutting our prices has been a trend that has been apparent over the past five years or more. These competitors are attractive to local authorities by providing a significantly lower level of input at a much lower cost. However, we have still managed to grow the organisation during this period. This has also coincided with an increasing number of local authorities increasingly going out to tender. We have been successful in almost all tenders we have put forward, and local authorities remain confident in the quality of what NT&AS delivers.

Development and performance

It is our intention to continue to pursue these opportunities as and when they arise. We have noticed a contraction in the employment market, particularly in the availability of qualified teachers across the UK who are able to work for NT&AS. We also anticipate future downward pressure on our pricing, together with increased costs, particularly with regards to salary and associated staff costs. Our intention is to increase the number of commissioned hours and meet these challenges with the target of maintaining turnover, and in the best case scenario increase it. In addition we decreased our reliance on agency staff by switching to staff wholly employed by NT&AS on a seasonal basis.

Key performance indicators

202 4 202 5

Revenue £1 4.0 m £14.2 m

EBITDA £1.2 m £1.2 m

Shareholders funds £1.9 m £2.0 m

Teaching hours 220,054 219,022

Other information and explanations

During recent years, the organisation was subject to many take over bids as a consequence of its financial expansion and success. Our response to that has been to transition The National Teaching & Advisory Service from a privately owned company to an Employee Ownership Trust (EOT). This decision was taken by the directors to protect the company’s future. The present directors have no immediate plans to exit the business and continue to both serve in their current roles, as well as serve as two of the three trustees. The third trustee is Allison Gunns who also serves as the organisation’s chief financial officer. The transition was a smooth one, and despite the change in ownership there are no alterations to its overall day to day management.

Our intention in the next two years is to increase the number of trustees to five, now the EOT has been consolidated smoothly with no impact on our operations.

We remain optimistic about the future.

The National Teaching & Advisory Service For Looked After Children And Children In Need Limited
Strategic report (continued)
For the year ended 31 August 2025
- 2 -

On behalf of the board

Mr T G Walker
Director
27 March 2026
The National Teaching & Advisory Service For Looked After Children And Children In Need Limited
Directors' report
For the year ended 31 August 2025
- 3 -

The directors present their annual report and financial statements for the year ended 31 August 2025.

Principal activities

The principal activity of the company and group continued to be that of teaching, advice and support for children.

Results and dividends

The results for the year are set out on page 9.

No ordinary dividends were paid. The directors do not recommend payment of a further dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mrs E A Palin
Mr T G Walker
Ms A Gunns
Disabled persons

Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the group continues and that the appropriate training is arranged. It is the policy of the group that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.

Employee involvement

The group's policy is to consult and discuss with employees at meetings, matters likely to affect employees' interests.

Information about matters of concern to employees is given through information bulletins and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the group's performance.

Auditor

The auditor, DJH Audit Limited, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

The National Teaching & Advisory Service For Looked After Children And Children In Need Limited
Directors' report (continued)
For the year ended 31 August 2025
- 4 -
Statement of directors' responsibilities

The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and company, and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group and company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

Medium-sized companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies exemption.

On behalf of the board
Mr T G Walker
Director
27 March 2026
The National Teaching & Advisory Service For Looked After Children And Children In Need Limited
Independent auditor's report
To the members of The National Teaching & Advisory Service For Looked After Children And Children In Need Limited
- 5 -
Opinion

We have audited the financial statements of The National Teaching & Advisory Service For Looked After Children And Children In Need Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 August 2025 which comprise the group statement of income and retained earnings, the group balance sheet, the company balance sheet, the group statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the group's and the parent company's affairs as at 31 August 2025 and of the group's profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

The National Teaching & Advisory Service For Looked After Children And Children In Need Limited
Independent auditor's report (continued)
To the members of The National Teaching & Advisory Service For Looked After Children And Children In Need Limited
- 6 -

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- T he information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- The strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and their environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- the parent company financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the parent company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The National Teaching & Advisory Service For Looked After Children And Children In Need Limited
Independent auditor's report (continued)
To the members of The National Teaching & Advisory Service For Looked After Children And Children In Need Limited
- 7 -

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the company;

- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- m aking enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

- considering the internal controls in place to mitigate risks of fraud and non compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

- p erformed analytical procedures to identify any unusual or unexpected relationships;

- tested journal entries to identify unusual transactions; and

- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;

- reading the minutes of meetings of those charged with governance;

- enquiring of management as to actual and potential litigation and claims; and

- reviewing correspondence with HMRC, relevant regulators including safeguarding referrals, and the company's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

The National Teaching & Advisory Service For Looked After Children And Children In Need Limited
Independent auditor's report (continued)
To the members of The National Teaching & Advisory Service For Looked After Children And Children In Need Limited
- 8 -
Christopher Abbott FCA (Senior Statutory Auditor)
For and on behalf of DJH Audit Limited
31 March 2026
Accountants and Registered Auditors
St George's House
56 Peter Street
Manchester
M2 3NQ
The National Teaching & Advisory Service For Looked After Children And Children In Need Limited
Group statement of income and retained earnings
For the year ended 31 August 2025
- 9 -
2025
2024
Notes
£
£
Turnover
3
14,250,205
14,092,480
Administrative expenses
(13,078,310)
(12,831,872)
Operating profit
4
1,171,895
1,260,608
Interest receivable and similar income
6
104
385
Profit before taxation
1,171,999
1,260,993
Tax on profit
7
(294,498)
(314,684)
Profit for the financial year
19
877,501
946,309
Retained earnings brought forward
1,839,650
1,643,350
Gift to trust
(817,972)
(750,009)
Retained earnings carried forward
1,899,179
1,839,650
Profit for the financial year is all attributable to the owners of the parent company.
Total comprehensive income for the year is all attributable to the owners of the parent company.
The National Teaching & Advisory Service For Looked After Children And Children In Need Limited
Group balance sheet
As at 31 August 2025
31 August 2025
- 10 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
9
16,033
18,836
16,033
18,836
Current assets
Debtors
12
1,872,560
1,474,886
Cash at bank and in hand
748,924
851,657
2,621,484
2,326,543
Creditors: amounts falling due within one year
13
(734,253)
(500,945)
Net current assets
1,887,231
1,825,598
Total assets less current liabilities
1,903,264
1,844,434
Provisions for liabilities
Deferred tax liability
15
4,008
4,707
(4,008)
(4,707)
Net assets
1,899,256
1,839,727
Capital and reserves
Called up share capital
17
67
67
Capital redemption reserve
18
10
10
Profit and loss reserves
19
1,899,179
1,839,650
Total equity
1,899,256
1,839,727

These financial statements have been prepared in accordance with the provisions relating to medium-sized groups.

The financial statements were approved by the board of directors and authorised for issue on 27 March 2026 and are signed on its behalf by:
27 March 2026
Mr T G Walker
Director
Company registration number 06779537 (England and Wales)
The National Teaching & Advisory Service For Looked After Children And Children In Need Limited
Company balance sheet
As at 31 August 2025
31 August 2025
- 11 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
10
150,077
150,077
150,077
150,077
Current assets
Debtors
12
300
300
Creditors: amounts falling due within one year
13
(148,700)
(148,700)
Net current liabilities
(148,400)
(148,400)
Net assets
1,677
1,677
Capital and reserves
Called up share capital
17
67
67
Capital redemption reserve
18
10
10
Profit and loss reserves
19
1,600
1,600
Total equity
1,677
1,677

As permitted by s408 Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s profit for the year was £0 (2024 - £0 profit).

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved by the board of directors and authorised for issue on 27 March 2026 and are signed on its behalf by:
27 March 2026
Mr T G Walker
Director
Company registration number 06779537 (England and Wales)
The National Teaching & Advisory Service For Looked After Children And Children In Need Limited
Group statement of cash flows
For the year ended 31 August 2025
- 12 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
22
1,039,824
1,263,091
Income taxes paid
(317,004)
(234,029)
Net cash inflow from operating activities
722,820
1,029,062
Investing activities
Purchase of tangible fixed assets
(7,685)
(4,761)
Interest received
104
385
Net cash used in investing activities
(7,581)
(4,376)
Financing activities
Gift to trust
(817,972)
(750,009)
Net cash used in financing activities
(817,972)
(750,009)
Net (decrease)/increase in cash and cash equivalents
(102,733)
274,677
Cash and cash equivalents at beginning of year
851,657
576,980
Cash and cash equivalents at end of year
748,924
851,657
The National Teaching & Advisory Service For Looked After Children And Children In Need Limited
Notes to the group financial statements
For the year ended 31 August 2025
- 13 -
1
Accounting policies
Company information

The National Teaching & Advisory Service For Looked After Children And Children In Need Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office can be found on the company information page.

The group consists of The National Teaching & Advisory Service For Looked After Children And Children In Need Limited and all of its subsidiaries.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements for parent company information presented within the consolidated financial statements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

- Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

1.2
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company The National Teaching & Advisory Service For Looked After Children And Children In Need Limited together with all entities controlled by the parent company (its subsidiaries).

All financial statements are made up to 31 August 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the g roup.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

The National Teaching & Advisory Service For Looked After Children And Children In Need Limited
Notes to the group financial statements (continued)
For the year ended 31 August 2025
1
Accounting policies
(Continued)
- 14 -
1.3
Going concern

The group, which the directors consider to be unique, has a healthy balance sheet, a strong history of profitability and strong relationships with local authority commissioners and commissioning schools.

The group focuses on the educational, social and mental health needs of vulnerable children, and it is considered highly unlikely that there would be any significant decrease in circumstances that would require children and young people to access the services we offer.

As a result, the directors are satisfied that the group is a going concern and in making this assessment have considered a period of time of a minimum of 12 months from the date of signing.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for teaching services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.5
Intangible fixed assets - goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

As shown in the notes to the financial statements, at the balance sheet date the carrying value of goodwill has been fully amortised.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
Over lease term
Fixtures and fittings
20% on cost
Computer equipment
25% on cost
1.7
Fixed asset investments

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The National Teaching & Advisory Service For Looked After Children And Children In Need Limited
Notes to the group financial statements (continued)
For the year ended 31 August 2025
1
Accounting policies
(Continued)
- 15 -
1.9
Financial instruments

The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest m ethod unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities 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 group after deducting all of its liabilities.

The National Teaching & Advisory Service For Looked After Children And Children In Need Limited
Notes to the group financial statements (continued)
For the year ended 31 August 2025
1
Accounting policies
(Continued)
- 16 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.10
Equity instruments

Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

1.11
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.12
Employee benefits

Short term employee benefits, including holiday pay are recognised as an expense in the income statement in the period in which they are incurred.

1.13
Retirement benefits

The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

The National Teaching & Advisory Service For Looked After Children And Children In Need Limited
Notes to the group financial statements (continued)
For the year ended 31 August 2025
1
Accounting policies
(Continued)
- 17 -
1.14

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2
Judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Useful life of tangible assets

Depreciation is provided so as to write down the assets to their residual values over their estimated useful lives as set out in the company's accounting policy. The selection of these estimated lives requires the exercise of management judgement and is based upon historical experience. Useful lives are regularly reviewed and should management's assessment of useful lives shorten then charges in the financial statements would increase and carrying amounts of fixed assets would reduce accordingly.

3
Turnover and other revenue
2025
2024
£
£
Turnover analysed by class of business
Education casework
14,250,205
14,092,480
2025
2024
£
£
Other revenue
Interest income
104
385
The National Teaching & Advisory Service For Looked After Children And Children In Need Limited
Notes to the group financial statements (continued)
For the year ended 31 August 2025
- 18 -
4
Operating profit
2025
2024
£
£
Operating profit for the year is stated after charging:
Fees payable to the group's auditor for the audit of the group's financial statements
13,125
11,300
Depreciation of owned tangible fixed assets
10,488
11,785
5
Employees

The average monthly number of persons (including directors) employed by the group and company during the year was:

Group
Company
2025
2024
2025
2024
Number
Number
Number
Number
Directors
3
3
3
3
Admin and support staff
22
15
-
-
Teachers
420
424
-
-
Total
445
442
3
3

Their aggregate remuneration comprised:

Group
Company
2025
2024
2025
2024
£
£
£
£
Wages and salaries
10,064,892
9,904,552
-
0
-
0
Social security costs
1,089,443
992,936
-
-
Pension costs
500,780
475,485
-
0
-
0
11,655,115
11,372,973
-
0
-
0

The key management personnel are considered to be the directors and operations manager. The aggregate amount of compensation paid to key management personnel during the year was £314,264 (2024: £266,250).

6
Interest receivable and similar income
2025
2024
£
£
Interest income
Other interest income
104
385
The National Teaching & Advisory Service For Looked After Children And Children In Need Limited
Notes to the group financial statements (continued)
For the year ended 31 August 2025
- 19 -
7
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
295,197
317,004
Deferred tax
Origination and reversal of timing differences
(699)
(2,320)
Total tax charge
294,498
314,684

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
1,171,999
1,260,993
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
293,000
315,248
Tax effect of expenses that are not deductible in determining taxable profit
1,498
2,951
Deferred tax adjustments in respect of prior years
-
0
(2,320)
Capital allowances in excess of depreication
-
0
(1,195)
Taxation charge
294,498
314,684
8
Intangible fixed assets
Group
Goodwill
£
Cost
At 1 September 2024 and 31 August 2025
150,000
Amortisation and impairment
At 1 September 2024 and 31 August 2025
150,000
Carrying amount
At 31 August 2025
-
0
At 31 August 2024
-
0
The company had no intangible fixed assets at 31 August 2025 or 31 August 2024.
The National Teaching & Advisory Service For Looked After Children And Children In Need Limited
Notes to the group financial statements (continued)
For the year ended 31 August 2025
- 20 -
9
Tangible fixed assets
Group
Leasehold improvements
Fixtures and fittings
Computer equipment
Total
£
£
£
£
Cost
At 1 September 2024
6,187
12,514
81,085
99,786
Additions
-
0
-
0
7,685
7,685
At 31 August 2025
6,187
12,514
88,770
107,471
Depreciation and impairment
At 1 September 2024
6,187
12,365
62,398
80,950
Depreciation charged in the year
-
0
40
10,448
10,488
At 31 August 2025
6,187
12,405
72,846
91,438
Carrying amount
At 31 August 2025
-
0
109
15,924
16,033
At 31 August 2024
-
0
149
18,687
18,836
The company had no tangible fixed assets at 31 August 2025 or 31 August 2024.
10
Fixed asset investments
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Investments in subsidiaries
11
-
0
-
0
150,077
150,077
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 September 2024 and 31 August 2025
150,077
Carrying amount
At 31 August 2025
150,077
At 31 August 2024
150,077
11
Subsidiaries

Details of the company's subsidiaries at 31 August 2025 are as follows:

The National Teaching & Advisory Service For Looked After Children And Children In Need Limited
Notes to the group financial statements (continued)
For the year ended 31 August 2025
11
Subsidiaries
(Continued)
- 21 -
Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
The National Teaching & Advisory Service Limited
Dean Row Court, Summerfields Village Centre, Dean Row Road, Wilmslow,
Cheshire, SK9 2TA
Teaching, advice and support for children
Ordinary
100.00
12
Debtors
Group
Company
2025
2024
2025
2024
Amounts falling due within one year:
£
£
£
£
Trade debtors
1,562,776
1,272,443
-
0
-
0
Other debtors
218,048
174,578
-
0
-
0
Prepayments and accrued income
91,736
27,865
300
300
1,872,560
1,474,886
300
300
13
Creditors: amounts falling due within one year
Group
Company
2025
2024
2025
2024
£
£
£
£
Trade creditors
142,537
50,430
-
0
-
0
Amounts owed to group undertakings
-
0
-
0
148,700
148,700
Corporation tax payable
295,197
317,004
-
0
-
0
Other taxation and social security
98,823
72,860
-
-
Other creditors
175,939
45,821
-
0
-
0
Accruals and deferred income
21,757
14,830
-
0
-
0
734,253
500,945
148,700
148,700
14
Secured debts

As security for the the group's invoice discounting facility a debenture, dated 30th January 2008 is held incorporating a fixed and floating charge over the undertaking and all property and assets past and future including goodwill, uncalled capital, buildings, fixtures, fixed plant and machinery in favour of Lloyds TSB Commercial Financing Ltd.

The National Teaching & Advisory Service For Looked After Children And Children In Need Limited
Notes to the group financial statements (continued)
For the year ended 31 August 2025
- 22 -
15
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:

Liabilities
Liabilities
2025
2024
Group
£
£
Accelerated capital allowances
4,008
4,707
The company has no deferred tax assets or liabilities.
Group
Company
2025
2025
Movements in the year:
£
£
Liability at 1 September 2024
4,707
-
Credit to profit or loss
(699)
-
Liability at 31 August 2025
4,008
-

As at 31 August 202 5 a deferred tax liability of £4,008 (202 4: £4,707) has been recognised due to the reasonable expectation of tax payable in future periods in respect of taxable temporary differences.

There is no unrecognised deferred tax.

16
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
500,780
475,485

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

Contributions totalling £1,240 (2024: £286) were payable to the scheme at the end of the year and.

The National Teaching & Advisory Service For Looked After Children And Children In Need Limited
Notes to the group financial statements (continued)
For the year ended 31 August 2025
- 23 -
17
Share capital
Group and company
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
67
67
67
67
18
Capital redemption reserve
Group
Company
2025
2024
2025
2024
£
£
£
£
At the beginning and end of the year
10
10
10
10
19
Profit and loss reserves
Group
Company
2025
2024
2025
2024
£
£
£
£
At the beginning of the year
1,839,650
1,643,350
1,600
1,600
Profit for the year
877,501
946,309
-
0
-
0
Gift to trust
(817,972)
(750,009)
-
-
At the end of the year
1,899,179
1,839,650
1,600
1,600
20
Operating lease commitments

At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Group
Company
2025
2024
2025
2024
£
£
£
£
Within one year
32,500
32,500
-
-
Between two and five years
73,125
105,625
-
-
105,625
138,125
-
-
21
Related party transactions
The National Teaching & Advisory Service For Looked After Children And Children In Need Limited
Notes to the group financial statements (continued)
For the year ended 31 August 2025
21
Related party transactions
(Continued)
- 24 -

Employee ownership trust

During the reporting period, amounts totalling £817,972 (2024 - £750,009) were gifted to the EOT which controls the group, to help the trust meet its costs.

The ultimate controlling party is the EOT.

Other related parties

At the end of reporting period, included within creditors a balance of £145,877 (2024: £43,805) was owed to related parties.

During the reporting period, the group provided services to related parties in respect of educational casework charges of £200,000 (2024 - £180,000). In addition to this, rates and rental expenses were recharged amounting to £35,742 (2024 - £55,296) and other recharges of £1,325 (2024 - £6,397).

22
Cash generated from group operations
2025
2024
£
£
Profit after taxation
877,501
946,309
Adjustments for:
Taxation charged
294,498
314,684
Investment income
(104)
(385)
Depreciation and impairment of tangible fixed assets
10,488
11,785
Movements in working capital:
Increase in debtors
(397,674)
(3,406)
Increase/(decrease) in creditors
255,115
(5,896)
Cash generated from operations
1,039,824
1,263,091
23
Analysis of changes in net funds - group
1 September 2024
Cash flows
31 August 2025
£
£
£
Cash at bank and in hand
851,657
(102,733)
748,924
24
Off balance sheet arrangements

There is a debenture which contains a fixed and floating charge covering all the property or undertaking of the company dated 28th June 2023 in favour of T G Walker and E A Palin.

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