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REGISTERED NUMBER: 08306689 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

TALENT INTUITION LIMITED

TALENT INTUITION LIMITED (REGISTERED NUMBER: 08306689)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TALENT INTUITION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: A R C Ettridge
A Glass
C Elliott





REGISTERED OFFICE: Unit 3.13
Tramshed Tech
Griffin Lodge
Newport
Monmouthshire
NP20 1GL





REGISTERED NUMBER: 08306689 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

TALENT INTUITION LIMITED (REGISTERED NUMBER: 08306689)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,782,146 1,219,536
Tangible assets 5 3,318 3,161
1,785,464 1,222,697

CURRENT ASSETS
Debtors 6 175,924 235,806
Cash at bank 9,650 3,623
185,574 239,429
CREDITORS
Amounts falling due within one year 7 534,402 430,301
NET CURRENT LIABILITIES (348,828 ) (190,872 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,436,636

1,031,825

CREDITORS
Amounts falling due after more than one
year

8

13,294

72,699
NET ASSETS 1,423,342 959,126

CAPITAL AND RESERVES
Called up share capital 481 373
Share premium 2,026,154 1,514,663
Other reserves 841 841
Retained earnings (604,134 ) (556,751 )
SHAREHOLDERS' FUNDS 1,423,342 959,126

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

TALENT INTUITION LIMITED (REGISTERED NUMBER: 08306689)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by:




A R C Ettridge - Director A Glass - Director




C Elliott - Director


TALENT INTUITION LIMITED (REGISTERED NUMBER: 08306689)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Talent Intuition 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
Revenue represents the invoiced value of services provided during the period, stated net of VAT.

Revenue from consulting is recognised when the service has been provided and all obligations to the customers have been fulfilled.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets will be measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are capitalised annually and amortised evenly over their estimated useful life of 10 years.

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 - 25% on cost

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

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.

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

TALENT INTUITION LIMITED (REGISTERED NUMBER: 08306689)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Going concern
The business is part way through the process of securing additional equity finance to further supplement the balance sheet. There are no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 January 2023 1,414,087
Additions 704,019
At 31 December 2023 2,118,106
AMORTISATION
At 1 January 2023 194,551
Amortisation for year 141,409
At 31 December 2023 335,960
NET BOOK VALUE
At 31 December 2023 1,782,146
At 31 December 2022 1,219,536

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 2,352 3,997 6,349
Additions 164 1,640 1,804
At 31 December 2023 2,516 5,637 8,153
DEPRECIATION
At 1 January 2023 509 2,679 3,188
Charge for year 612 1,035 1,647
At 31 December 2023 1,121 3,714 4,835
NET BOOK VALUE
At 31 December 2023 1,395 1,923 3,318
At 31 December 2022 1,843 1,318 3,161

TALENT INTUITION LIMITED (REGISTERED NUMBER: 08306689)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 151,666 224,953
Other debtors 1,014 5,336
VAT 12,760 -
Prepayments 10,484 5,517
175,924 235,806

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 55,191 22,205
Other loans 54,784 -
Trade creditors 185,328 120,831
Corporation Tax (99,263 ) (119,733 )
Social security and other taxes 45,039 30,676
Pension 1,607 1,368
VAT - 22,933
Other creditors 5,319 7,653
Directors' loan accounts 3,141 9,810
Deferred income 193,894 232,906
Accrued expenses 89,362 101,652
534,402 430,301

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 13,294 22,415
Other loans - 2-5 years - 50,284
13,294 72,699

9. SECURED DEBTS

On 21 January 2022 Marketfinance Limited registered a charge over the property or undertaking of the company.

10. TRANSACTIONS WITH DIRECTORS

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
A R C Ettridge
Balance outstanding at start of year (9,810 ) (41,139 )
Amounts advanced 13,167 40,990
Amounts repaid (6,499 ) (9,661 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,142 ) (9,810 )

TALENT INTUITION LIMITED (REGISTERED NUMBER: 08306689)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

10. TRANSACTIONS WITH DIRECTORS - continued

A Glass
Balance outstanding at start of year - (5,546 )
Amounts advanced 1,000 6,546
Amounts repaid (1,000 ) (1,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

No interest in being charged on the directors loans and there are no set repayment terms.