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Company Registration No. 14300127 (England and Wales)
Talent Trust Ltd Unaudited accounts for the period from 1 September 2023 to 30 April 2024
Talent Trust Ltd Unaudited accounts Contents
Page
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Talent Trust Ltd Company Information for the period from 1 September 2023 to 30 April 2024
Director
Elizabeth Peyton-Jones
Company Number
14300127 (England and Wales)
Registered Office
Duke House Duke Street Skipton BD23 2HQ England
Accountants
Goodbooks (Skipton) Ltd Duke House Duke Street Skipton North Yorkshire BD23 2HQ
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Talent Trust Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
67,960 
- 
Current assets
Debtors
22,110 
13,036 
Cash at bank and in hand
14,438 
716 
36,548 
13,752 
Creditors: amounts falling due within one year
(53,692)
(37,005)
Net current liabilities
(17,144)
(23,253)
Total assets less current liabilities
50,816 
(23,253)
Creditors: amounts falling due after more than one year
(74,373)
- 
Net liabilities
(23,557)
(23,253)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(23,657)
(23,353)
Shareholders' funds
(23,557)
(23,253)
For the period ending 30 April 2024 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 her 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 5 October 2024 and were signed on its behalf by
Elizabeth Peyton-Jones Director Company Registration No. 14300127
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Talent Trust Ltd Notes to the Accounts for the period from 1 September 2023 to 30 April 2024
1
Statutory information
Talent Trust Ltd is a private company, limited by shares, registered in England and Wales, registration number 14300127. The registered office is Duke House, Duke Street, Skipton, BD23 2HQ, England.
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 period, 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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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
3 years Straight Line
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.
Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
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Talent Trust Ltd Notes to the Accounts for the period from 1 September 2023 to 30 April 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2023
- 
Additions
76,464 
At 30 April 2024
76,464 
Depreciation
Charge for the period
8,504 
At 30 April 2024
8,504 
Net book value
At 30 April 2024
67,960 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
21,868 
12,545 
Accrued income and prepayments
242 
391 
Other debtors
- 
100 
22,110 
13,036 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
882 
- 
Trade creditors
49,753 
37,005 
Accruals
3,057 
- 
53,692 
37,005 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
56,076 
- 
Loans from directors
18,297 
- 
74,373 
- 
8
Average number of employees
During the period the average number of employees was 1 (2023: 1).
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