11155890falseemployment agency2022-02-012023-01-31http://www.companieshouse.gov.uk/2022-01-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-01-31http://www.companieshouse.gov.uk/cd:Director12022-02-012023-01-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-01-31http://www.companieshouse.gov.uk/cd:Director22022-02-012023-01-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2022-01-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-02-012023-01-31http://www.companieshouse.gov.uk/pt:MotorCars2022-01-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-01-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-02-012023-01-31http://www.companieshouse.gov.uk/pt:MotorCars2023-01-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-02-012023-01-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-01-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-01-31http://www.companieshouse.gov.uk/2022-02-012023-01-31http://www.companieshouse.gov.uk/2022-01-31http://www.companieshouse.gov.uk/cd:FRS1022022-02-012023-01-31http://www.companieshouse.gov.uk/2023-01-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-02-012023-01-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-02-012023-01-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 11155890

Talento Group Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/01/2023

Prepared By:
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

Talento Group Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/01/2023
DIRECTORS
L Bryant (resigned 20/10/2022)
R Cunningham (appointed 20/10/2022)
REGISTERED OFFICE
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11155890
ACCOUNTANTS
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

Talento Group Ltd

ACCOUNTS
FOR THEYEARENDED31/01/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Talento Group Ltd

BALANCE SHEET AT 31/01/2023
20232022
Notes££
FIXED ASSETS
Tangible assets318,8867,977
CURRENT ASSETS
Debtors4199,395162,841
Cash at bank and in hand28,65066,081
228,045228,922
CREDITORS: Amounts falling due within one year5343,007217,588
NET CURRENT (LIABILITIES) / ASSETS(114,962)11,334
TOTAL ASSETS LESS CURRENT LIABILITIES(96,076)19,311
CREDITORS: Amounts falling due after more than one year647,70638,814
PROVISIONS FOR LIABILITIES AND CHARGES77691,327
NET LIABILITIES(144,551)(20,830)
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account(144,651)(20,930)
SHAREHOLDERS' FUNDS(144,551)(20,830)
For the year ending 31/01/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 16/04/2024 and signed on their behalf by
.............................
R Cunningham (appointed 20/10/2022)
Director

Talento Group Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/01/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 20%
Motor Carsreducing balance 25%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20232022
No.No.
Average number of employees88

Talento Group Ltd

3. TANGIBLE FIXED ASSETS
EquipmentMotor CarsTotal
£££
Cost
At 01/02/202212,267-12,267
Additions83215,78616,618
At 31/01/202313,09915,78628,885
Depreciation
At 01/02/20224,290-4,290
For the year1,7623,9475,709
At 31/01/20236,0523,9479,999
Net Book Amounts
At 31/01/20237,04711,83918,886
At 31/01/20227,977-7,977
4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors32,19519,278
Other debtors167,200141,517
Prepayments-2,046
199,395162,841
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax12,48212,482
VAT125,52587,648
Other tax and social security costs98,97720,817
Bank loan6,31510,128
Hire purchase3,000-
Trade creditors95,70881,119
Other creditors-33
Accruals1,0005,361
343,007217,588

Talento Group Ltd

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr37,45638,814
Hire purchase >1yr10,250-
47,70638,814
7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation7691,327
7691,327
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
9. RELATED PARTY TRANSACTIONS
At the balance sheet date £154,717 was owed by a certain director to the company (2022 - £101,225). The loan is unsecured, interest free and repayable on demand.
A salary of £9,096 was paid to the director during the year (2022 - £Nil).
10. ADDITIONAL INFORMATION
The company is a private company, limited by shares and registered in England & Wales.
The company's registered number is 11155890.
The company's registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.

Talento Group Ltd

11. TRANSACTIONS WITH DIRECTORS
At 1 February 2022 a loan of £101,225 was owed to the company by a certain director. Advances of £53,492 were made during the year and at the balance sheet date £154,717 remains outstanding. The loan is interest free, unsecured and repayable on demand.