IRIS Accounts Production v24.1.9.2 07008083 director 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh070080832022-12-31070080832023-12-31070080832023-01-012023-12-31070080832021-12-31070080832022-01-012022-12-31070080832022-12-3107008083ns15:EnglandWales2023-01-012023-12-3107008083ns14:PoundSterling2023-01-012023-12-3107008083ns10:Director12023-01-012023-12-3107008083ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3107008083ns10:SmallEntities2023-01-012023-12-3107008083ns10:AuditExemptWithAccountantsReport2023-01-012023-12-3107008083ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3107008083ns10:FullAccounts2023-01-012023-12-3107008083ns10:OrdinaryShareClass12023-01-012023-12-3107008083ns10:RegisteredOffice2023-01-012023-12-3107008083ns5:CurrentFinancialInstruments2023-12-3107008083ns5:CurrentFinancialInstruments2022-12-3107008083ns5:Non-currentFinancialInstruments2023-12-3107008083ns5:Non-currentFinancialInstruments2022-12-3107008083ns5:ShareCapital2023-12-3107008083ns5:ShareCapital2022-12-3107008083ns5:RetainedEarningsAccumulatedLosses2023-12-3107008083ns5:RetainedEarningsAccumulatedLosses2022-12-3107008083ns5:PlantMachinery2023-01-012023-12-3107008083ns5:FurnitureFittings2023-01-012023-12-3107008083ns5:ComputerEquipment2023-01-012023-12-3107008083ns5:PlantMachinery2022-12-3107008083ns5:FurnitureFittings2022-12-3107008083ns5:ComputerEquipment2022-12-3107008083ns5:PlantMachinery2023-12-3107008083ns5:FurnitureFittings2023-12-3107008083ns5:ComputerEquipment2023-12-3107008083ns5:PlantMachinery2022-12-3107008083ns5:FurnitureFittings2022-12-3107008083ns5:ComputerEquipment2022-12-3107008083ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3107008083ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3107008083ns5:DeferredTaxation2022-12-3107008083ns5:DeferredTaxation2023-12-3107008083ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 07008083 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

TALEM CONSULTING LIMITED

TALEM CONSULTING LIMITED (REGISTERED NUMBER: 07008083)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

TALEM CONSULTING LIMITED

COMPANY INFORMATION
for the Year Ended 31st December 2023







DIRECTOR: G Whelan





REGISTERED OFFICE: Fiscal House
367 London Road
Camberley
Surrey
GU15 3HQ





REGISTERED NUMBER: 07008083 (England and Wales)





ACCOUNTANTS: Sowerbutts and Co Ltd
Fiscal House
367 London Road
Camberley
Surrey
GU15 3HQ

TALEM CONSULTING LIMITED (REGISTERED NUMBER: 07008083)

BALANCE SHEET
31st December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 549 731

CURRENT ASSETS
Debtors 5 22,505 50,127
Cash at bank 105,445 42,018
127,950 92,145
CREDITORS
Amounts falling due within one year 6 49,800 29,672
NET CURRENT ASSETS 78,150 62,473
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,699

63,204

CREDITORS
Amounts falling due after more than one
year

7

(9,991

)

(15,190

)

PROVISIONS FOR LIABILITIES 8 (121 ) (139 )
NET ASSETS 68,587 47,875

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 68,585 47,873
SHAREHOLDERS' FUNDS 68,587 47,875

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

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.

TALEM CONSULTING LIMITED (REGISTERED NUMBER: 07008083)

BALANCE SHEET - continued
31st 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 director and authorised for issue on 2nd August 2024 and were signed by:





G Whelan - Director


TALEM CONSULTING LIMITED (REGISTERED NUMBER: 07008083)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Talem Consulting 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.

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
Turnover represents net sales of invoiced goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

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.

TALEM CONSULTING LIMITED (REGISTERED NUMBER: 07008083)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st January 2023
and 31st December 2023 1,573 1,446 4,647 7,666
DEPRECIATION
At 1st January 2023 910 1,378 4,647 6,935
Charge for year 165 17 - 182
At 31st December 2023 1,075 1,395 4,647 7,117
NET BOOK VALUE
At 31st December 2023 498 51 - 549
At 31st December 2022 663 68 - 731

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 16,723 -
Other debtors 5,782 50,127
22,505 50,127

Included within other debtors is an amount of £3,695 (2022: £48,982) owed to the company by the director G Whelan. The whole amounts were outstanding at the year end.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts 5,213 5,208
Taxation and social security 42,726 22,709
Other creditors 1,861 1,755
49,800 29,672

TALEM CONSULTING LIMITED (REGISTERED NUMBER: 07008083)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans 9,991 15,190

8. PROVISIONS FOR LIABILITIES
31/12/23 31/12/22
£    £   
Deferred tax 121 139

Deferred
tax
£   
Balance at 1st January 2023 139
Accelerated capital allowances (18 )
Balance at 31st December 2023 121

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £    £   
2 Ordinary £1 2 2

10. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by director and shareholder, G Whelan, by virtue of his sole shareholding.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TALEM CONSULTING LIMITED

The following reproduces the text of the report prepared for the director 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 Director 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 Talem Consulting Limited for the year ended 31st December 2023 which comprise the Income Statement, Balance Sheet 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 director of Talem Consulting Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Talem Consulting Limited and state those matters that we have agreed to state to the director of Talem Consulting Limited 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 Talem Consulting Limited and its director for our work or for this report.

It is your duty to ensure that Talem Consulting 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 Talem Consulting Limited. You consider that Talem Consulting 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 Talem Consulting 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.






Sowerbutts and Co Ltd
Fiscal House
367 London Road
Camberley
Surrey
GU15 3HQ


Date: .............................................