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REGISTERED NUMBER: SC552996 (Scotland)









TALENT ON LEAVE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






TALENT ON LEAVE LTD (REGISTERED NUMBER: SC552996)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


TALENT ON LEAVE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: L White





REGISTERED OFFICE: 4 Royal Crescent
Glasgow
G3 7SL





REGISTERED NUMBER: SC552996 (Scotland)





ACCOUNTANTS: russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TALENT ON LEAVE LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Talent on Leave Ltd for the year ended 31st December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Talent on Leave Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Talent on Leave Ltd and state those matters that we have agreed to state to the director of Talent on Leave Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Talent on Leave Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Talent on Leave Ltd. You consider that Talent on Leave Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Talent on Leave Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL


25th September 2024

TALENT ON LEAVE LTD (REGISTERED NUMBER: SC552996)

BALANCE SHEET
31ST DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 34,000
Tangible assets 5 494 -
494 34,000

CURRENT ASSETS
Debtors 6 7,897 10,034
Cash at bank 13,425 5,174
21,322 15,208
CREDITORS
Amounts falling due within one year 7 32,895 16,824
NET CURRENT LIABILITIES (11,573 ) (1,616 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(11,079

)

32,384

CREDITORS
Amounts falling due after more than one
year

8

11,521

36,629
NET LIABILITIES (22,600 ) (4,245 )

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings (22,601 ) (4,246 )
SHAREHOLDERS' FUNDS (22,600 ) (4,245 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 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 ON LEAVE LTD (REGISTERED NUMBER: SC552996)

BALANCE SHEET - continued
31ST DECEMBER 2023


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 25th September 2024 and were signed by:





L White - Director


TALENT ON LEAVE LTD (REGISTERED NUMBER: SC552996)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Talent on Leave Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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
The turnover shown in the profit and loss account represents the sales value of work done during the year, exclusive of Value Added Tax.

Intangible assets
The intangible asset is a specific ongoing project and amortisation will commence once the project is complete.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 50% straight line

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

TALENT ON LEAVE LTD (REGISTERED NUMBER: SC552996)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1st January 2023 34,000
Additions 4,167
Disposals (38,167 )
At 31st December 2023 -
NET BOOK VALUE
At 31st December 2023 -
At 31st December 2022 34,000

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st January 2023 3,886
Additions 708
At 31st December 2023 4,594
DEPRECIATION
At 1st January 2023 3,886
Charge for year 214
At 31st December 2023 4,100
NET BOOK VALUE
At 31st December 2023 494
At 31st December 2022 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 6,943 7,320
Other debtors 954 2,714
7,897 10,034

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts (see note 9) 1,706 1,666
Taxation and social security 4,926 2,102
Other creditors 26,263 13,056
32,895 16,824

TALENT ON LEAVE LTD (REGISTERED NUMBER: SC552996)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans (see note 9) 11,521 13,229
Other creditors - 23,400
11,521 36,629

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years 4,243 6,131

9. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 1,706 1,666

Amounts falling due between one and two years:
Bank loans - 1-2 years 1,752 1,709

Amounts falling due between two and five years:
Bank loans - 2-5 years 5,526 5,389

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years 4,243 6,131

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1 Ordinary 1 1 1

11. ULTIMATE CONTROLLING PARTY

The company was under the control of L. White throughout the current and previous year.