Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-12-01falseNo description of principal activity22falsetruefalse 06179489 2022-12-01 2023-11-30 06179489 2021-12-01 2022-11-30 06179489 2023-11-30 06179489 2022-11-30 06179489 c:Director1 2022-12-01 2023-11-30 06179489 c:Director2 2022-12-01 2023-11-30 06179489 d:ComputerEquipment 2022-12-01 2023-11-30 06179489 d:OtherPropertyPlantEquipment 2023-11-30 06179489 d:OtherPropertyPlantEquipment 2022-11-30 06179489 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-11-30 06179489 d:CopyrightsPatentsTrademarksServiceOperatingRights 2022-11-30 06179489 d:CurrentFinancialInstruments 2023-11-30 06179489 d:CurrentFinancialInstruments 2022-11-30 06179489 d:Non-currentFinancialInstruments 2023-11-30 06179489 d:Non-currentFinancialInstruments 2022-11-30 06179489 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 06179489 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 06179489 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 06179489 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 06179489 d:ShareCapital 2023-11-30 06179489 d:ShareCapital 2022-11-30 06179489 d:RetainedEarningsAccumulatedLosses 2023-11-30 06179489 d:RetainedEarningsAccumulatedLosses 2022-11-30 06179489 c:FRS102 2022-12-01 2023-11-30 06179489 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 06179489 c:FullAccounts 2022-12-01 2023-11-30 06179489 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 06179489 d:AcceleratedTaxDepreciationDeferredTax 2023-11-30 06179489 d:AcceleratedTaxDepreciationDeferredTax 2022-11-30 06179489 2 2022-12-01 2023-11-30 06179489 6 2022-12-01 2023-11-30 06179489 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2022-12-01 2023-11-30 06179489 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 06179489










INTERNATIONAL TALENT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
INTERNATIONAL TALENT LIMITED
REGISTERED NUMBER:06179489

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
117,257
121,600

Investments
  
45,294
45,294

  
162,551
166,894

Current assets
  

Debtors
  
11,425
1,972

Cash at bank and in hand
  
93
93

  
11,518
2,065

Creditors: amounts falling due within one year
 6 
(2,874)
(4,535)

Net current assets/(liabilities)
  
 
 
8,644
 
 
(2,470)

Total assets less current liabilities
  
171,195
164,424

Creditors: amounts falling due after more than one year
 7 
(84,590)
(77,730)

  

Net assets
  
86,605
86,694


Capital and reserves
  

Called up share capital 
  
45,294
45,294

Profit and loss account
  
41,311
41,400

  
86,605
86,694


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 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
Page 1

 
INTERNATIONAL TALENT LIMITED
REGISTERED NUMBER:06179489
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2023

21 August 2024.




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

The notes on pages 3 to 8 form part of these financial statements.

Page 2

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

1.


General information

International Talent Limited is a private company limited by shares and incorporated in England and Wales, registration number 06179489. The registered office is 1st Floor Prospect House, Rouen Road, Norwich, Norfolk, United Kingdom, NR1 1RE.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Rendering of services

Revenue 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 revenue 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.

 
2.3

Interest income

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

 
2.4

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.

Page 3

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

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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 4

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

2.Accounting policies (continued)

 
2.7

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, using the straight-line method.

Depreciation is provided on the following basis:

Website
-
10% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.9

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.

 
2.10

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.

 
2.11

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.

Page 5

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

2.Accounting policies (continued)

 
2.12

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.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Intangible assets




Trademarks

£



Cost


At 1 December 2022
202,500



At 30 November 2023

202,500



Amortisation


At 1 December 2022
80,900


Charge for the year on owned assets
4,343



At 30 November 2023

85,243



Net book value



At 30 November 2023
117,257



At 30 November 2022
121,600



Page 6

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

5.


Tangible fixed assets





Website

£



Cost or valuation


At 1 December 2022
175,553



At 30 November 2023

175,553



Depreciation


At 1 December 2022
175,553



At 30 November 2023

175,553



Net book value



At 30 November 2023
-



At 30 November 2022
-


6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
344
148

Other creditors
-
687

Accruals and deferred income
2,530
3,700

2,874
4,535



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Amounts owed to group undertakings
84,590
77,730

84,590
77,730



8.


Deferred taxation

Page 7

 
INTERNATIONAL TALENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
 
8.Deferred taxation (continued)




2023


£






At beginning of year
1,972


Charged to profit or loss
(355)



At end of year
1,617

The deferred tax asset is made up as follows:

2023
2022
£
£


Accelerated capital allowances
1,617
1,972

1,617
1,972

 
Page 8