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Company Registration No. 12291330 (England and Wales)
Adapt talent Limited Unaudited accounts for the year ended 31 December 2023
Adapt talent Limited Unaudited accounts Contents
Page
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Adapt talent Limited Company Information for the year ended 31 December 2023
Directors
Mr J Barker Mr S Marsh
Company Number
12291330 (England and Wales)
Registered Office
Bowden House Luckyn Lane Basildon Essex SS14 3AX
Accountants
Beckett Taylor Limited 63-66 Hatton Garden London EC1N 8LE
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Adapt talent Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
72,982 
83,089 
Current assets
Debtors
884,511 
626,460 
Cash at bank and in hand
233,324 
751,984 
1,117,835 
1,378,444 
Creditors: amounts falling due within one year
(1,075,869)
(1,318,484)
Net current assets
41,966 
59,960 
Total assets less current liabilities
114,948 
143,049 
Provisions for liabilities
Deferred tax
(16,640)
(15,787)
Net assets
98,308 
127,262 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
98,208 
127,162 
Shareholders' funds
98,308 
127,262 
For the year ending 31 December 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 February 2024 and were signed on its behalf by
Mr J Barker Director Company Registration No. 12291330
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Adapt talent Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Adapt talent Limited is a private company, limited by shares, registered in England and Wales, registration number 12291330. The registered office is Bowden House, Luckyn Lane, Basildon, Essex, SS14 3AX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Reducing Balance
Computer equipment
20% Reducing Balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Turnover
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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Adapt talent Limited Notes to the Accounts for the year ended 31 December 2023
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
61,950 
39,796 
101,746 
Additions
- 
7,296 
7,296 
At 31 December 2023
61,950 
47,092 
109,042 
Depreciation
At 1 January 2023
7,228 
11,429 
18,657 
Charge for the year
10,944 
6,459 
17,403 
At 31 December 2023
18,172 
17,888 
36,060 
Net book value
At 31 December 2023
43,778 
29,204 
72,982 
At 31 December 2022
54,722 
28,367 
83,089 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
17,274 
1,123 
Trade debtors
114,494 
204,894 
Accrued income and prepayments
9,061 
50,000 
Other debtors
743,682 
370,443 
884,511 
626,460 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
53,419 
45,885 
Other creditors
935,867 
1,265,725 
Loans from directors
84,333 
5,124 
Accruals
2,250 
1,750 
1,075,869 
1,318,484 
7
Transactions with related parties
At the year-end date, the company was owed £743,683 (2022 £371,620) by related parties. The company also owed £934,202 (2022 £1,265,728) to related parties at the year-end.
8
Average number of employees
During the year the average number of employees was 10 (2022: 9).
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