Registered number
08212325
DIRECT TALENT LIMITED
Filleted Accounts
30 September 2023
Registered number: 08212325
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,052 1,020
Current assets
Debtors 4 81,082 2,026
Cash at bank and in hand 243,825 280,067
324,907 282,093
Creditors: amounts falling due within one year 5 (40,388) (44,674)
Net current assets 284,519 237,419
Net assets 285,571 238,439
Capital and reserves
Called up share capital 100 100
Profit and loss account 285,471 238,339
Shareholders' funds 285,571 238,439
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms J McLelland
Director
Approved by the board on 27 October 2023
DIRECT TALENT LIMITED
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment Over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2022 5,658
Additions 383
At 30 September 2023 6,041
Depreciation
At 1 October 2022 4,638
Charge for the year 351
At 30 September 2023 4,989
Net book value
At 30 September 2023 1,052
At 30 September 2022 1,020
4 Debtors 2023 2022
£ £
Trade debtors 81,082 878
Other debtors - 1,148
81,082 2,026
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1 2,838
Taxation and social security costs 35,680 37,129
Other creditors 4,707 4,707
40,388 44,674
6 Controlling party
The controlling party is Ms J McLelland, by way of her shareholding.
7 Other information
DIRECT TALENT LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
21a Rectory Close
Marsh Gibbon
Oxfordshire
OX27 0HT
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