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Company Registration No. 11663134 (England and Wales)
TALENT ZONE LTD Unaudited accounts for the year ended 31 December 2023
TALENT ZONE LTD Unaudited accounts Contents
Page
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TALENT ZONE LTD Company Information for the year ended 31 December 2023
Director
B G H Crewe
Company Number
11663134 (England and Wales)
Registered Office
THE OLD SCHOOL 23 EASTFIELD ROAD WESTBURY-ON-TRYM BRISTOL BS9 4AE
Accountants
FARQUHAR PARTNERSHIP LIMITED 151 WHITELADIES ROAD CLIFTON BRISTOL BS8 2RA
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TALENT ZONE LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
113 
Current assets
Debtors
223,204 
13,860 
Cash at bank and in hand
21,059 
32,881 
244,263 
46,741 
Creditors: amounts falling due within one year
(240,540)
(29,399)
Net current assets
3,723 
17,342 
Total assets less current liabilities
3,723 
17,455 
Provisions for liabilities
Deferred tax
- 
(21)
Net assets
3,723 
17,434 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
3,722 
17,433 
Shareholders' funds
3,723 
17,434 
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 director acknowledges his 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 and authorised for issue on 21 August 2024 and were signed on its behalf by
B G H Crewe Director Company Registration No. 11663134
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TALENT ZONE LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
TALENT ZONE LTD is a private company, limited by shares, registered in England and Wales, registration number 11663134. The registered office is THE OLD SCHOOL 23 EASTFIELD ROAD, WESTBURY-ON-TRYM, BRISTOL, BS9 4AE.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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 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:
Computer equipment
33.33% Straight Line Basis
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.
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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TALENT ZONE LTD Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
1,098 
At 31 December 2023
1,098 
Depreciation
At 1 January 2023
985 
Charge for the year
113 
At 31 December 2023
1,098 
Net book value
At 31 December 2023
- 
At 31 December 2022
113 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
181,390 
13,860 
Accrued income and prepayments
12,688 
- 
Other debtors
29,126 
- 
223,204 
13,860 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
90,332 
675 
Taxes and social security
46,483 
25,414 
Other creditors
98,420 
- 
Loans from directors
- 
145 
Accruals
5,305 
3,165 
240,540 
29,399 
7
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
- 
21 
2023 
2022 
£ 
£ 
Provision at start of year
21 
42 
Credited to the profit and loss account
(21)
(21)
Provision at end of year
- 
21 
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TALENT ZONE LTD Notes to the Accounts for the year ended 31 December 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Directors Loan
(145)
130,694 
101,423 
29,126 
(145)
130,694 
101,423 
29,126 
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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