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Company No: 04460732 (England and Wales)

D.V. TALENT LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

D.V. TALENT LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

D.V. TALENT LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
D.V. TALENT LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 17,721 290,591
17,721 290,591
Current assets
Debtors 4 1,385,227 973,178
Cash at bank and in hand 759,509 808,381
2,144,736 1,781,559
Creditors: amounts falling due within one year 5 ( 597,318) ( 635,498)
Net current assets 1,547,418 1,146,061
Total assets less current liabilities 1,565,139 1,436,652
Creditors: amounts falling due after more than one year 0 ( 4,815)
Net assets 1,565,139 1,431,837
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 1,565,039 1,431,737
Total shareholder's funds 1,565,139 1,431,837

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of D.V. Talent Limited (registered number: 04460732) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

M Born
Director
S Lee
Director

27 December 2024

D.V. TALENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
D.V. TALENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

D.V. Talent Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 8 13

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2023 621,807 621,807
Additions 1,634 1,634
Disposals ( 585,873) ( 585,873)
At 31 March 2024 37,568 37,568
Accumulated depreciation
At 01 April 2023 331,216 331,216
Charge for the financial year 5,905 5,905
Disposals ( 317,274) ( 317,274)
At 31 March 2024 19,847 19,847
Net book value
At 31 March 2024 17,721 17,721
At 31 March 2023 290,591 290,591

4. Debtors

2024 2023
£ £
Trade debtors 88,892 58,215
Other debtors 1,296,335 914,963
1,385,227 973,178

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 12,396 19,817
Taxation and social security 193,950 221,002
Obligations under finance leases and hire purchase contracts 4,815 19,637
Other creditors 386,157 375,042
597,318 635,498

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

7. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts due from directors 25,223 0

Other related party transactions

2024 2023
£ £
Amounts due from related parties 1,167,750 914,963

During the year, rent of £96,000 (2023: £144,000) was paid to a related party.