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REGISTERED NUMBER: 03983975 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

TALENT INNOVATIONS LIMITED

TALENT INNOVATIONS LIMITED (REGISTERED NUMBER: 03983975)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TALENT INNOVATIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mrs E R Ainsworth





REGISTERED OFFICE: 66 Bootham
York
Yorkshire
YO30 7BZ





REGISTERED NUMBER: 03983975 (England and Wales)





ACCOUNTANTS: Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN

TALENT INNOVATIONS LIMITED (REGISTERED NUMBER: 03983975)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 53,019 59,646
Tangible assets 5 7,140 10,656
60,159 70,302

CURRENT ASSETS
Debtors 6 287,436 133,336
Investments 7 235,366 224,535
Cash at bank 342,385 446,545
865,187 804,416
CREDITORS
Amounts falling due within one year 8 275,294 267,549
NET CURRENT ASSETS 589,893 536,867
TOTAL ASSETS LESS CURRENT
LIABILITIES

650,052

607,169

CAPITAL AND RESERVES
Called up share capital 9 4 4
Capital redemption reserve 26 26
Retained earnings 650,022 607,139
650,052 607,169

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

TALENT INNOVATIONS LIMITED (REGISTERED NUMBER: 03983975)

BALANCE SHEET - continued
31 MARCH 2024


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 15 August 2024 and were signed by:





Mrs E R Ainsworth - Director


TALENT INNOVATIONS LIMITED (REGISTERED NUMBER: 03983975)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Talent Innovations 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

FOREIGN EXCHANGE
Transactions in currencies other than pound sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

TALENT INNOVATIONS LIMITED (REGISTERED NUMBER: 03983975)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. INTANGIBLE FIXED ASSETS
Development
costs
£
COST
At 1 April 2023
and 31 March 2024 66,273
AMORTISATION
At 1 April 2023 6,627
Amortisation for year 6,627
At 31 March 2024 13,254
NET BOOK VALUE
At 31 March 2024 53,019
At 31 March 2023 59,646

5. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 April 2023 27,649
Additions 3,739
At 31 March 2024 31,388
DEPRECIATION
At 1 April 2023 16,993
Charge for year 7,255
At 31 March 2024 24,248
NET BOOK VALUE
At 31 March 2024 7,140
At 31 March 2023 10,656

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 244,361 128,089
Other debtors 43,075 5,247
287,436 133,336

7. CURRENT ASSET INVESTMENTS
2024 2023
£ £
Other 235,366 224,535

TALENT INNOVATIONS LIMITED (REGISTERED NUMBER: 03983975)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 55,677 60,409
Taxation and social security 75,001 64,475
Other creditors 144,616 142,665
275,294 267,549

9. CALLED UP SHARE CAPITAL

Ordinary share capital 2024 2023 2024 2023
Issued and fully paid Number Number £    £   
Ordinary A 1 1 1 1
Ordinary B 1 1 1 1
Ordinary C 1 1 1 1
Ordinary D 1 1 1 1

Total 4 4 4 4