Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30true2022-12-01falseNo description of principal activity1212trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05000150 2022-12-01 2023-11-30 05000150 2021-12-01 2022-11-30 05000150 2023-11-30 05000150 2022-11-30 05000150 c:Director1 2022-12-01 2023-11-30 05000150 c:Director2 2022-12-01 2023-11-30 05000150 d:MotorVehicles 2022-12-01 2023-11-30 05000150 d:MotorVehicles 2023-11-30 05000150 d:MotorVehicles 2022-11-30 05000150 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 05000150 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-12-01 2023-11-30 05000150 d:OfficeEquipment 2022-12-01 2023-11-30 05000150 d:OfficeEquipment 2023-11-30 05000150 d:OfficeEquipment 2022-11-30 05000150 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 05000150 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2022-12-01 2023-11-30 05000150 d:OtherPropertyPlantEquipment 2022-12-01 2023-11-30 05000150 d:OtherPropertyPlantEquipment 2023-11-30 05000150 d:OtherPropertyPlantEquipment 2022-11-30 05000150 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 05000150 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2022-12-01 2023-11-30 05000150 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 05000150 d:LeasedAssetsHeldAsLessee 2022-12-01 2023-11-30 05000150 d:PatentsTrademarksLicencesConcessionsSimilar 2023-11-30 05000150 d:PatentsTrademarksLicencesConcessionsSimilar 2022-11-30 05000150 d:CurrentFinancialInstruments 2023-11-30 05000150 d:CurrentFinancialInstruments 2022-11-30 05000150 d:Non-currentFinancialInstruments 2023-11-30 05000150 d:Non-currentFinancialInstruments 2022-11-30 05000150 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 05000150 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 05000150 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 05000150 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 05000150 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-11-30 05000150 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-11-30 05000150 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-11-30 05000150 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-11-30 05000150 d:ShareCapital 2023-11-30 05000150 d:ShareCapital 2022-11-30 05000150 d:RetainedEarningsAccumulatedLosses 2023-11-30 05000150 d:RetainedEarningsAccumulatedLosses 2022-11-30 05000150 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-11-30 05000150 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2022-11-30 05000150 c:FRS102 2022-12-01 2023-11-30 05000150 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 05000150 c:FullAccounts 2022-12-01 2023-11-30 05000150 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 05000150 d:HirePurchaseContracts d:WithinOneYear 2023-11-30 05000150 d:HirePurchaseContracts d:WithinOneYear 2022-11-30 05000150 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-11-30 05000150 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-11-30 05000150 2 2022-12-01 2023-11-30 05000150 6 2022-12-01 2023-11-30 05000150 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2022-12-01 2023-11-30 05000150 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 05000150










TALENT MANAGEMENT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
TALENT MANAGEMENT LIMITED
REGISTERED NUMBER:05000150

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
75
95

Tangible assets
 5 
27,347
36,835

Investments
 6 
75
75

  
27,497
37,005

Current assets
  

Debtors: amounts falling due after more than one year
 7 
84,590
49,748

Debtors: amounts falling due within one year
 7 
70,994
90,240

Cash at bank and in hand
  
25,365
89,018

  
180,949
229,006

Creditors: amounts falling due within one year
 8 
(289,358)
(278,662)

Net current liabilities
  
 
 
(108,409)
 
 
(49,656)

Total assets less current liabilities
  
(80,912)
(12,651)

Creditors: amounts falling due after more than one year
 9 
(259,938)
(256,215)

Provisions for liabilities
  

Other provisions
 12 
(10,000)
(10,000)

  
 
 
(10,000)
 
 
(10,000)

Net liabilities
  
(350,850)
(278,866)


Capital and reserves
  

Called up share capital 
  
150
150

Profit and loss account
  
(351,000)
(279,016)

  
(350,850)
(278,866)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 
Page 1

 
TALENT MANAGEMENT LIMITED
REGISTERED NUMBER:05000150
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2023

entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 August 2024.




................................................
D O'Connor
................................................
S O'Connor
Director
Director

The notes on pages 3 to 13 form part of these financial statements.

Page 2

 
TALENT MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Talent Management Limited is a private company limited by shares and incorporated in England and Wales, registration number 05000150. The registered office is 232 Fakenham Road, Taverham, Norwich, NR8 6QW

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

 
2.2

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and, therefore, they continue to adopt the going concern basis in preparing the financial statements.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Income statement within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
TALENT MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Income statement in the same period as the related expenditure.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
TALENT MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.11

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 5

 
TALENT MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.12

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Motor vehicles
-
20% Straight Line
Office equipment
-
33% Straight Line
Website
-
10% Straight Line

 
2.13

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.14

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.15

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.16

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.17

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 6

 
TALENT MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2022 - 12).


4.


Intangible assets




Telephone numbers

£



Cost


At 1 December 2022
407



At 30 November 2023

407



Amortisation


At 1 December 2022
312


Charge for the year on owned assets
20



At 30 November 2023

332



Net book value



At 30 November 2023
75



At 30 November 2022
95



Page 7

 
TALENT MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Tangible fixed assets





Motor vehicles
Office equipment
Other fixed assets
Total

£
£
£
£



Cost or valuation


At 1 December 2022
95,307
47,804
28,550
171,661


Additions
-
6,103
-
6,103



At 30 November 2023

95,307
53,907
28,550
177,764



Depreciation


At 1 December 2022
67,742
41,718
25,366
134,826


Charge for the year on owned assets
196
7,228
3,184
10,608


Charge for the year on financed assets
4,983
-
-
4,983



At 30 November 2023

72,921
48,946
28,550
150,417



Net book value



At 30 November 2023
22,386
4,961
-
27,347



At 30 November 2022
27,565
6,086
3,184
36,835

Page 8

 
TALENT MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 December 2022
75



At 30 November 2023
75




Page 9

 
TALENT MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

7.


Debtors

2023
2022
£
£

Due after more than one year

Amounts owed by group undertakings
84,590
49,748

84,590
49,748


2023
2022
£
£

Due within one year

Trade debtors
252
825

Other debtors
35,625
72,264

Deferred taxation
35,117
17,151

70,994
90,240



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
10,000

Trade creditors
13,603
13,731

Other taxation and social security
52,983
63,756

Obligations under finance lease and hire purchase contracts
-
8,285

Other creditors
37,958
37,930

Accruals and deferred income
174,814
144,960

289,358
278,662


Page 10

 
TALENT MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
19,999
29,999

Net obligations under finance leases and hire purchase contracts
-
20,857

Amounts owed to group undertakings
107,464
97,102

Accruals and deferred income
132,475
108,257

259,938
256,215


The following liabilities were secured:

2023
2022
£
£



Net obligations under finance leases and hire purchase contracts
-
29,142

-
29,142

Details of security provided:

Included within Net obligations under finance leases and hire purchase contracts are secured against the assets themselves.

Page 11

 
TALENT MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 2-5 years

Bank loans
9,999
19,999


9,999
19,999


29,999
39,999



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
-
10,780

Between 1-5 years
-
26,944

-
37,724

Page 12

 
TALENT MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

12.


Provisions





Other provision

£





At 1 December 2022
10,000



At 30 November 2023
10,000


13.


Related party transactions

The directors were overdrawn by £22,125 (2022:£64,069) at the year end, this was repaid within 9 months of the year end.

 
Page 13