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REGISTERED NUMBER: 05791596 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 December 2022

for

Talentedge Recruitment Limited

Talentedge Recruitment Limited (Registered number: 05791596)






Contents of the Financial Statements
for the year ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Talentedge Recruitment Limited

Company Information
for the year ended 31 December 2022







DIRECTORS: Mrs T F Morris
S J Samuel





REGISTERED OFFICE: G.03
60 Gray's Inn Road
Holborn
London
WC1X 8LU





REGISTERED NUMBER: 05791596 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
2 Maple Court
Davenport Street
Macclesfield
Cheshire
SK10 1JE

Talentedge Recruitment Limited (Registered number: 05791596)

Balance Sheet
31 December 2022

2022 2021
Notes £ £
FIXED ASSETS
Tangible assets 4 34,603 61,449

CURRENT ASSETS
Debtors 5 1,372,056 1,174,753
Cash at bank 1,756,369 1,636,985
3,128,425 2,811,738
CREDITORS
Amounts falling due within one year 6 (895,828 ) (925,331 )
NET CURRENT ASSETS 2,232,597 1,886,407
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,267,200

1,947,856

CREDITORS
Amounts falling due after more than one year 7 - (243,586 )
NET ASSETS 2,267,200 1,704,270

CAPITAL AND RESERVES
Called up share capital 8 72 72
Other reserves 10 10
Retained earnings 2,267,118 1,704,188
SHAREHOLDERS' FUNDS 2,267,200 1,704,270

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by:





S J Samuel - Director


Talentedge Recruitment Limited (Registered number: 05791596)

Notes to the Financial Statements
for the year ended 31 December 2022

1. STATUTORY INFORMATION

Talentedge Recruitment 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.

Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Short-term leasehold property- 5 years straight line
Fixtures & Fittings- 25% straight line
Office equipment- 2 years straight line

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.

Talentedge Recruitment Limited (Registered number: 05791596)

Notes to the Financial Statements - continued
for the year ended 31 December 2022

2. ACCOUNTING POLICIES - continued

Share capital
Ordinary A and Ordinary B shares are classed as equity.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities."

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2021 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£ £ £ £
COST
At 1 January 2022 79,727 122,095 40,582 242,404
Additions - 1,855 16,888 18,743
Disposals - (121,353 ) (29,668 ) (151,021 )
At 31 December 2022 79,727 2,597 27,802 110,126
DEPRECIATION
At 1 January 2022 43,664 103,107 34,184 180,955
Charge for year 15,946 428 8,086 24,460
Eliminated on disposal - (102,539 ) (27,353 ) (129,892 )
At 31 December 2022 59,610 996 14,917 75,523
NET BOOK VALUE
At 31 December 2022 20,117 1,601 12,885 34,603
At 31 December 2021 36,063 18,988 6,398 61,449

5. DEBTORS
2022 2021
£ £
Amounts falling due within one year:
Trade debtors 543,722 601,477
Other debtors 348,991 203,825
Directors' current accounts 259,750 -
Prepayments & accrued income 219,593 98,253
1,372,056 903,555

Amounts falling due after more than one year:
Other debtors - 271,198

Aggregate amounts 1,372,056 1,174,753

Talentedge Recruitment Limited (Registered number: 05791596)

Notes to the Financial Statements - continued
for the year ended 31 December 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Trade creditors 167,901 137,731
Amounts owed to group undertakings - 100,000
Tax 156,583 129,869
Social security & other taxes 42,932 34,772
VAT 116,875 188,447
Other creditors 36,607 45,202
Accrued expenses 374,930 289,310
895,828 925,331

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£ £
Bank loans >1 year - 243,586

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £ £
5,400 Ordinary A £0.01 54 54
1,800 Ordinary B £0.01 18 18
72 72

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2022 and 31 December 2021:

2022 2021
£ £
S J Samuel
Balance outstanding at start of year - -
Amounts advanced 259,750 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 259,750 -

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Talentedge Recruitment Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Talentedge Recruitment Limited for the year ended 31 December 2022 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Talentedge Recruitment Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Talentedge Recruitment Limited and state those matters that we have agreed to state to the Board of Directors of Talentedge Recruitment Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Talentedge Recruitment Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Talentedge Recruitment Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Talentedge Recruitment Limited. You consider that Talentedge Recruitment Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Talentedge Recruitment Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bennett Brooks & Co Ltd
Chartered Accountants
2 Maple Court
Davenport Street
Macclesfield
Cheshire
SK10 1JE


10 November 2023