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REGISTERED NUMBER: 09467477 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Talented Training Limited

Talented Training Limited (Registered number: 09467477)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Talented Training Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: M Chrysostomou





REGISTERED OFFICE: 5a King Street
Leeds
West Yorkshire
LS1 2HH





REGISTERED NUMBER: 09467477 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
Chartered Accountants
3 Park Square
Leeds
LS1 2NE

Talented Training Limited (Registered number: 09467477)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,797 48,814

CURRENT ASSETS
Debtors 5 267,962 301,745
Cash at bank 178,258 40,779
446,220 342,524
CREDITORS
Amounts falling due within one year 6 111,981 77,703
NET CURRENT ASSETS 334,239 264,821
TOTAL ASSETS LESS CURRENT
LIABILITIES

371,036

313,635

CREDITORS
Amounts falling due after more than one
year

7

(22,219

)

(32,083

)

PROVISIONS FOR LIABILITIES 8 (6,991 ) -
NET ASSETS 341,826 281,552

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 341,824 281,550
SHAREHOLDERS' FUNDS 341,826 281,552

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Talented Training Limited (Registered number: 09467477)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 October 2023 and were signed by:





M Chrysostomou - Director


Talented Training Limited (Registered number: 09467477)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Talented Training Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
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 is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 14 ) .

Talented Training Limited (Registered number: 09467477)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 34,894 73,290 108,184
Additions 909 1,520 2,429
At 31 March 2023 35,803 74,810 110,613
DEPRECIATION
At 1 April 2022 10,986 48,384 59,370
Charge for year 6,102 8,344 14,446
At 31 March 2023 17,088 56,728 73,816
NET BOOK VALUE
At 31 March 2023 18,715 18,082 36,797
At 31 March 2022 23,908 24,906 48,814

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 130,833 164,955
Amounts owed to related undertakings 91,716 91,256
Sundry debtors and prepayments 45,413 45,534
267,962 301,745

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 26,831 18,817
Tax 44,064 18,781
Social security & other taxes 205 205
Bank loan 8,400 8,400
Director's current account 981 -
Accrued expenses 31,500 31,500
111,981 77,703

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loan 22,219 32,083

The bank loan represents a loan under HM Government Coronavirus Business Bounce Back Loan Scheme. The bank loan carries an interest rate of 2.5% per annum and it is repayable in accordance with the rules of the scheme.

Talented Training Limited (Registered number: 09467477)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 6,991 -

Deferred
tax
£   
Provided during year 6,991
Balance at 31 March 2023 6,991

9. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
99 A Ordinary £0.01 1 1
1 B Ordinary £0.01 1 1
2 2

10. RESERVES
Retained
earnings
£   

At 1 April 2022 281,550
Profit for the year 152,274
Dividends (92,000 )
At 31 March 2023 341,824

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £65,000 (2022 - £38,000) were paid to the director.

At 31st March 2023 the company was owed a sum of £91,716 (2022: £91,256) from Chrysos Properties Limited. The director, M Chrysostomou, is also a director of this company.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Chrysostomou.