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REGISTERED NUMBER: 09467477 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Talented Training Limited

Talented Training Limited (Registered number: 09467477)






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


Talented Training Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: M Chrysostomou





REGISTERED OFFICE: 11 York Place
Leeds
West Yorkshire
LS1 2DS





REGISTERED NUMBER: 09467477 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
Chartered Accountants
3 Park Square
Leeds
LS1 2NE

Talented Training Limited (Registered number: 09467477)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 149,978 36,797

CURRENT ASSETS
Debtors 5 347,648 267,962
Cash at bank 119,876 178,258
467,524 446,220
CREDITORS
Amounts falling due within one year 6 115,551 111,981
NET CURRENT ASSETS 351,973 334,239
TOTAL ASSETS LESS CURRENT
LIABILITIES

501,951

371,036

CREDITORS
Amounts falling due after more than one
year

7

(51,651

)

(22,219

)

PROVISIONS FOR LIABILITIES 8 (37,353 ) (6,991 )
NET ASSETS 412,947 341,826

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 412,945 341,824
SHAREHOLDERS' FUNDS 412,947 341,826

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 his 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.

Talented Training Limited (Registered number: 09467477)

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 21 August 2024 and were signed by:





M Chrysostomou - Director


Talented Training Limited (Registered number: 09467477)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Talented Training 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

Talented Training Limited (Registered number: 09467477)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 35,803 74,810 110,613
Additions 113,992 21,835 135,827
At 31 March 2024 149,795 96,645 246,440
DEPRECIATION
At 1 April 2023 17,088 56,728 73,816
Charge for year 16,464 6,182 22,646
At 31 March 2024 33,552 62,910 96,462
NET BOOK VALUE
At 31 March 2024 116,243 33,735 149,978
At 31 March 2023 18,715 18,082 36,797

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 172,916 130,833
Amounts owed to related undertakings 129,319 91,716
Sundry debtors and prepayments 45,413 45,413
347,648 267,962

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 26,831 26,831
Tax 48,368 44,064
Social security & other taxes 205 205
Bank loan 8,400 8,400
Director's current account 247 981
Accrued expenses 31,500 31,500
115,551 111,981

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loan 51,651 22,219

The bank loan represents a loan under HM Government Coronavirus Business Bounce Back Loan Scheme. The bank loan carries an interest rate of 2.5% per annum and it is repayable in accordance with the rules of the scheme.

Talented Training Limited (Registered number: 09467477)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 37,353 6,991

Deferred
tax
£   
Balance at 1 April 2023 6,991
Charge to Income Statement during year 30,362
Balance at 31 March 2024 37,353

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
99 A Ordinary £0.01 1 1
1 B Ordinary £0.01 1 1
2 2

10. RESERVES
Retained
earnings
£   

At 1 April 2023 341,824
Profit for the year 171,121
Dividends (100,000 )
At 31 March 2024 412,945

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £65,000 (2023: £65,000) were paid to the director.

At 31st March 2024 the company was owed a sum of £129,319 (2023: £91,716) from Chrysos Properties Limited. The director, M Chrysostomou, is also a director of this company.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Chrysostomou.