REGISTERED NUMBER: |
Abridged Unaudited Financial Statements for the Year Ended 31 January 2023 |
for |
Talent Enterprises Ltd |
REGISTERED NUMBER: |
Abridged Unaudited Financial Statements for the Year Ended 31 January 2023 |
for |
Talent Enterprises Ltd |
Talent Enterprises Ltd (Registered number: 06046813) |
Contents of the Financial Statements |
for the Year Ended 31 January 2023 |
Page |
Company Information | 1 |
Abridged Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
Talent Enterprises Ltd |
Company Information |
for the Year Ended 31 January 2023 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
Talent Enterprises Ltd (Registered number: 06046813) |
Abridged Statement of Financial Position |
31 January 2023 |
31.1.22 | 31.1.23 |
£ | £ | Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
Tangible assets | 6 |
CURRENT ASSETS |
Debtors |
Cash and cash equivalents |
CREDITORS |
Amounts falling due within one year |
( |
) | NET CURRENT LIABILITIES | ( |
) |
( |
) | TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
( |
) | NET LIABILITIES | ( |
) |
Talent Enterprises Ltd (Registered number: 06046813) |
Abridged Statement of Financial Position - continued |
31 January 2023 |
31.1.22 | 31.1.23 |
£ | £ | Notes | £ | £ |
CAPITAL AND RESERVES |
100,000 | Called up share capital | 8 | 100,000 |
100,000 | Share Premium | 9 | 100,000 |
(462,225 | ) | Retained earnings | 9 | (500,613 | ) |
( |
) | SHAREHOLDERS' DEFICIT | ( |
) |
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. |
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 |
Talent Enterprises Ltd (Registered number: 06046813) |
Notes to the Financial Statements |
for the Year Ended 31 January 2023 |
1. | STATUTORY INFORMATION |
Talent Enterprises Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Critical accounting judgements and key sources of estimation uncertainty |
The director has made no key judgements or estimations in preparing these financial statements. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Plant & Machinery | - |
Fixtures & Fittings | - |
Talent Enterprises Ltd (Registered number: 06046813) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2023 |
3. | ACCOUNTING POLICIES - continued |
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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
Going concern |
On the basis of his assessment of the company's forecast, current financial performance and position, the director has no reason to believe that a material uncertainty exists that may cast significant doubt about the ability of the company to continue as a going concern. Hence, the company continues to adopt the going concern basis of accounting in preparing the financial statements. |
Cash and cash equivalents |
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. |
Creditors |
Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Talent Enterprises Ltd (Registered number: 06046813) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2023 |
5. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 February 2022 |
and 31 January 2023 |
AMORTISATION |
At 1 February 2022 |
Amortisation for year |
At 31 January 2023 |
NET BOOK VALUE |
At 31 January 2023 |
At 31 January 2022 |
6. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 February 2022 |
and 31 January 2023 |
DEPRECIATION |
At 1 February 2022 |
Charge for year |
At 31 January 2023 |
NET BOOK VALUE |
At 31 January 2023 |
At 31 January 2022 |
7. | DEFERRED TAX |
£ |
Balance at 1 February 2022 | ( |
) |
Accelerated Capital Allowances | (103 | ) |
Balance at 31 January 2023 | ( |
) |
Talent Enterprises Ltd (Registered number: 06046813) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2023 |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.1.23 | 31.1.22 |
value: | £ | £ |
Ordinary | £1 | 100,000 | 100,000 |
9. | RESERVES |
Retained | Share |
Totals | earnings | Premium |
£ | £ | £ |
At 1 February 2022 | (362,225 | ) | (462,225 | ) | 100,000 |
Deficit for the year | ( |
) | ( |
) |
At 31 January 2023 | (400,613 | ) | (500,613 | ) | 100,000 |
Accumulated Losses |
Retained earnings represent cumulative profits or losses, net of dividends paid and other adjustments. |
10. | RELATED PARTY DISCLOSURES |
Name Relationship Revenue Purchases/ Balance owed by/ |
Cost of Services (to) related party |
at period end |
£ £ £ |
Hambro Perks Control by Director - - (16,295) |
Services Ltd of reporting entity |
and % holdings |
Lexham Ventures Control by Director - - (166,922) |
Ltd of reporting entity |
and % holdings |
Takumi Intern'l Control by Director 17,000 - 5,100 |
Ltd of reporting entity |
and % holdings |
Director's Loan Account balance of £78,147 was included in the short term creditors for 31 January 2023 (£13,462 : 31 January 2022). This represented private funds injected into the company by its director, Mr D Perks, to supplement working capital requirements of the company. |
Talent Enterprises Ltd (Registered number: 06046813) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2023 |
11. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |
The company was controlled throughout the year by its sole director, Mr Dominic Perks, by virtue of the fact that he holds 85% of the company's issued share capital. |