Registered number
08017556
The Talent Gateway Limited
Filleted Accounts
30 April 2024
The Talent Gateway Limited
Registered number: 08017556
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 305 611
Current assets
Debtors 4 26,697 8,330
Cash at bank and in hand 11,876 13,331
38,573 21,661
Creditors: amounts falling due within one year 5 (18,537) (5,737)
Net current assets 20,036 15,924
Net assets 20,341 16,535
Capital and reserves
Called up share capital 1,000 1,000
Share premium 3,900 3,900
Profit and loss account 15,441 11,635
Shareholders' funds 20,341 16,535
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Nicola Jupp
Director
Approved by the board on 6 December 2024
The Talent Gateway Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 916
At 30 April 2024 916
Depreciation
At 1 May 2023 305
Charge for the year 306
At 30 April 2024 611
Net book value
At 30 April 2024 305
At 30 April 2023 611
4 Debtors 2024 2023
£ £
Trade debtors 6,697 2,730
Other debtors 20,000 5,600
26,697 8,330
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 175
Taxation and social security costs 17,892 4,935
Other creditors 645 627
18,537 5,737
6 Other information
The Talent Gateway Limited is a private company limited by shares and incorporated in England. Its registered office is:
C/o Parkes & Swan Limited
The Officers' Mess
Coldstream Road
Caterham
CR3 5QX
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