Registered number
08276323
Tailored Talent Acquisition Ltd
Filleted Accounts
30 November 2023
Tailored Talent Acquisition Ltd
Registered number: 08276323
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 6,335 8,388
Current assets
Cash at bank and in hand 63,382 67,829
Creditors: amounts falling due within one year 4 (23,862) (36,873)
Net current assets 39,520 30,956
Total assets less current liabilities 45,855 39,344
Creditors: amounts falling due after more than one year 5 (6,046) (9,921)
Net assets 39,809 29,423
Capital and reserves
Called up share capital 1 1
Profit and loss account 39,808 29,422
Shareholder's funds 39,809 29,423
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P J Smith
Director
Approved by the board on 27 August 2024
Tailored Talent Acquisition Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 18,113
At 30 November 2023 18,113
Depreciation
At 1 December 2022 9,725
Charge for the year 2,053
At 30 November 2023 11,778
Net book value
At 30 November 2023 6,335
At 30 November 2022 8,388
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 4,260 4,260
Taxation and social security costs 15,626 20,449
Other creditors 3,976 12,164
23,862 36,873
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 6,046 9,921
6 Other information
Tailored Talent Acquisition Ltd is a private company limited by shares and incorporated in England. Its registered office is:
27 Chatham Road
London
E17 6EU
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