IRIS Accounts Production v24.1.0.578 08673502 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false A Shares 0.01000 B Shares 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh086735022022-12-31086735022023-12-31086735022023-01-012023-12-31086735022021-12-31086735022022-01-012022-12-31086735022022-12-3108673502ns15:EnglandWales2023-01-012023-12-3108673502ns14:PoundSterling2023-01-012023-12-3108673502ns10:Director12023-01-012023-12-3108673502ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3108673502ns10:SmallEntities2023-01-012023-12-3108673502ns10:AuditExemptWithAccountantsReport2023-01-012023-12-3108673502ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3108673502ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3108673502ns10:FullAccounts2023-01-012023-12-310867350212023-01-012023-12-3108673502ns10:OrdinaryShareClass12023-01-012023-12-3108673502ns10:OrdinaryShareClass22023-01-012023-12-3108673502ns10:Director22023-01-012023-12-3108673502ns10:Director32023-01-012023-12-3108673502ns10:RegisteredOffice2023-01-012023-12-3108673502ns5:CurrentFinancialInstruments2023-12-3108673502ns5:CurrentFinancialInstruments2022-12-3108673502ns5:Non-currentFinancialInstruments2023-12-3108673502ns5:Non-currentFinancialInstruments2022-12-3108673502ns5:ShareCapital2023-12-3108673502ns5:ShareCapital2022-12-3108673502ns5:RetainedEarningsAccumulatedLosses2023-12-3108673502ns5:RetainedEarningsAccumulatedLosses2022-12-3108673502ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3108673502ns5:IntangibleAssetsOtherThanGoodwill2022-12-3108673502ns5:IntangibleAssetsOtherThanGoodwill2023-12-3108673502ns5:IntangibleAssetsOtherThanGoodwill2022-12-3108673502ns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3108673502ns5:PlantMachinery2022-12-3108673502ns5:FurnitureFittings2022-12-3108673502ns5:ComputerEquipment2022-12-3108673502ns5:ShortLeaseholdAssetsns5:LandBuildings2023-01-012023-12-3108673502ns5:PlantMachinery2023-01-012023-12-3108673502ns5:FurnitureFittings2023-01-012023-12-3108673502ns5:ComputerEquipment2023-01-012023-12-3108673502ns5:ShortLeaseholdAssetsns5:LandBuildings2023-12-3108673502ns5:PlantMachinery2023-12-3108673502ns5:FurnitureFittings2023-12-3108673502ns5:ComputerEquipment2023-12-3108673502ns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3108673502ns5:PlantMachinery2022-12-3108673502ns5:FurnitureFittings2022-12-3108673502ns5:ComputerEquipment2022-12-3108673502ns5:CostValuation2022-12-3108673502ns5:DisposalsRepaymentsInvestments2023-12-3108673502ns5:CostValuation2023-12-3108673502ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3108673502ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3108673502ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-12-3108673502ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-12-3108673502ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3108673502ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-12-3108673502ns5:WithinOneYear2023-12-3108673502ns5:WithinOneYear2022-12-3108673502ns5:BetweenOneFiveYears2023-12-3108673502ns5:BetweenOneFiveYears2022-12-3108673502ns5:MoreThanFiveYears2023-12-3108673502ns5:MoreThanFiveYears2022-12-3108673502ns5:AllPeriods2023-12-3108673502ns5:AllPeriods2022-12-3108673502ns5:DeferredTaxation2022-12-3108673502ns5:DeferredTaxation2023-01-012023-12-3108673502ns5:DeferredTaxation2023-12-3108673502ns10:OrdinaryShareClass12023-12-3108673502ns10:OrdinaryShareClass22023-12-3108673502ns5:RetainedEarningsAccumulatedLosses2022-12-3108673502ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31086735021ns10:Director12022-12-31086735021ns10:Director12021-12-31086735021ns10:Director12023-01-012023-12-31086735021ns10:Director12022-01-012022-12-31086735021ns10:Director12023-12-31086735021ns10:Director12022-12-3108673502ns10:Director222022-12-3108673502ns10:Director222021-12-3108673502ns10:Director222023-01-012023-12-3108673502ns10:Director222022-01-012022-12-3108673502ns10:Director222023-12-3108673502ns10:Director222022-12-31
REGISTERED NUMBER: 08673502 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Talent Artistic Group Limited

Talent Artistic Group Limited (Registered number: 08673502)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Talent Artistic Group Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A C Mills-Brown
S G Caswell
N Annan





REGISTERED OFFICE: Unit 3, Stewartby Business Park
Broadmead Road
Bedford
Bedfordshire
MK43 9ND





REGISTERED NUMBER: 08673502 (England and Wales)





ACCOUNTANTS: Stewarts Accountants Limited
271 High Street
Berkhamsted
Hertfordshire
HP4 1AA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Talent Artistic Group Limited

The following reproduces the text of the report prepared for the directors 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 Directors 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 Artistic Group Limited for the year ended 31 December 2023 which comprise the Profit and Loss account, Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Talent Artistic Group Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Talent Artistic Group Limited and state those matters that we have agreed to state to the Board of Directors of Talent Artistic Group Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Talent Artistic Group Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Talent Artistic Group Limited 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 Artistic Group Limited. You consider that Talent Artistic Group Limited 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 Artistic Group Limited. 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.






Stewarts Accountants Limited
271 High Street
Berkhamsted
Hertfordshire
HP4 1AA


26 September 2024

Talent Artistic Group Limited (Registered number: 08673502)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,687 -
Tangible assets 5 219,105 179,096
Investments 6 60,492 80,384
294,284 259,480

CURRENT ASSETS
Stocks 915,193 571,150
Debtors 7 2,686,244 1,661,791
Cash at bank 116,017 230,559
3,717,454 2,463,500
CREDITORS
Amounts falling due within one year 8 3,004,475 1,412,790
NET CURRENT ASSETS 712,979 1,050,710
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,007,263

1,310,190

CREDITORS
Amounts falling due after more than one
year

9

-

(233,333

)

PROVISIONS FOR LIABILITIES 11 (18,969 ) (3,546 )
NET ASSETS 988,294 1,073,311

CAPITAL AND RESERVES
Called up share capital 12 46 44
Retained earnings 13 988,248 1,073,267
SHAREHOLDERS' FUNDS 988,294 1,073,311

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Artistic Group Limited (Registered number: 08673502)

Balance Sheet - continued
31 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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





A C Mills-Brown - Director


Talent Artistic Group Limited (Registered number: 08673502)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Talent Artistic Group 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.

Turnover in respect of service contracts, excluding value added tax is recognised when those services have been delivered and the company has obtained the right consideration.

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

Computer software is being amortised evenly over its estimated useful life of 3 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery -25% on cost and 25% on reducing balance
Fixture & fittings -25% on reducing balance
Motor vehicles -20% on cost
Computer equipment -33% on cost and 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, 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.


Talent Artistic Group Limited (Registered number: 08673502)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit.

The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on the tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 110 (2022 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023 2,050
Additions 15,000
At 31 December 2023 17,050
AMORTISATION
At 1 January 2023 2,050
Charge for year 313
At 31 December 2023 2,363
NET BOOK VALUE
At 31 December 2023 14,687
At 31 December 2022 -

Talent Artistic Group Limited (Registered number: 08673502)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Short Plant and Fixtures Computer
leasehold machinery & fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 181,231 149,915 10,623 38,303 380,072
Additions - 42,053 34,843 12,070 88,966
Disposals - (102,880 ) - (5,220 ) (108,100 )
At 31 December 2023 181,231 89,088 45,466 45,153 360,938
DEPRECIATION
At 1 January 2023 46,911 137,114 4,221 12,730 200,976
Charge for year 15,637 15,868 4,944 7,288 43,737
Eliminated on disposal - (102,880 ) - - (102,880 )
At 31 December 2023 62,548 50,102 9,165 20,018 141,833
NET BOOK VALUE
At 31 December 2023 118,683 38,986 36,301 25,135 219,105
At 31 December 2022 134,320 12,801 6,402 25,573 179,096

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023 80,384
Disposals (19,892 )
At 31 December 2023 60,492
NET BOOK VALUE
At 31 December 2023 60,492
At 31 December 2022 80,384

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,011,417 105,708
Amounts owed by group undertakings - 49,426
Other debtors 366,250 398,303
Directors' current accounts 79,577 378,581
Prepayments and accrued income 1,229,000 729,773
2,686,244 1,661,791

Talent Artistic Group Limited (Registered number: 08673502)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts - 100,000
Trade creditors 939,929 395,854
Amounts owed to group undertakings 130,503 -
Tax 51,955 -
Social security and other taxes 126,465 33,425
VAT 365,874 209,593
Other creditors 242,322 368,009
Deferred income 1,022,365 215,163
Accrued expenses 125,062 90,746
3,004,475 1,412,790

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years - 200,000
Bank loans - 2-5 years - 33,333
- 233,333

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 242,040 242,040
Between one and five years 745,049 856,927
In more than five years 375,252 505,414
1,362,341 1,604,381

11. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 18,969 3,546

Deferred
tax
£   
Balance at 1 January 2023 3,546
Provided during year 15,423
Balance at 31 December 2023 18,969

Talent Artistic Group Limited (Registered number: 08673502)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
4,200 A Shares 0.01 42 42
442 B Shares 0.01 4 2
46 44

13. RESERVES
Retained
earnings
£   

At 1 January 2023 1,073,267
Profit for the year 506,476
Dividends (629,993 )
Share premium 38,498
At 31 December 2023 988,248

14. PENSION COMMITMENTS

The company operates a defined contribution pension scheme for all employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £13,525 (2022 : £4,636) were due to the fund. They are included in other creditors.

15. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
A C Mills-Brown
Balance outstanding at start of year 340,081 -
Amounts advanced 395,145 340,081
Amounts repaid (655,649 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 79,577 340,081

S G Caswell
Balance outstanding at start of year 38,500 -
Amounts advanced - 38,500
Amounts repaid (38,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 38,500

The above loan is unsecured, interest free and repayable on demand.

Talent Artistic Group Limited (Registered number: 08673502)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

16. RELATED PARTY DISCLOSURES

At the year end the company was owed £170,482 (2022: £447,729) by companies controlled by one of the directors.

The loans are repayable on demand and interest-free.