2023-08-012024-07-312024-07-31false12445777TALENTUM GLOBAL 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TALENTUM GLOBAL LTD

Registered Number
12445777
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

TALENTUM GLOBAL LTD
Company Information
for the year from 1 August 2023 to 31 July 2024

Directors

HARWOOD, Ian Oliver
HAWKINS, Brian James

Registered Address

4, Glasshouse Studios Fryern Court Road
Burgate
Fordingbridge
SP6 1QX

Registered Number

12445777 (England and Wales)
TALENTUM GLOBAL LTD
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3120240
Tangible assets48602,016
9802,256
Current assets
Debtors546,834107,015
Cash at bank and on hand36,29213,611
83,126120,626
Creditors amounts falling due within one year6(72,744)(81,815)
Net current assets (liabilities)10,38238,811
Total assets less current liabilities11,36241,067
Creditors amounts falling due after one year7(11,352)(15,280)
Net assets1025,787
Capital and reserves
Called up share capital1010
Profit and loss account-25,777
Shareholders' funds1025,787
The financial statements were approved and authorised for issue by the Board of Directors on 22 January 2025, and are signed on its behalf by:
HARWOOD, Ian Oliver
Director
HAWKINS, Brian James
Director

Registered Company No. 12445777
TALENTUM GLOBAL LTD
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
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.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment5
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
Government grants or assistance
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
2.Average number of employees

20242023
Average number of employees during the year46
3.Intangible assets

Goodwill

Other

Total

£££
Cost or valuation
At 01 August 23500100600
At 31 July 24500100600
Amortisation and impairment
At 01 August 2330060360
Charge for year10020120
At 31 July 2440080480
Net book value
At 31 July 2410020120
At 31 July 2320040240
4.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 August 2356,51256,512
Additions124124
At 31 July 2456,63656,636
Depreciation and impairment
At 01 August 2354,49654,496
Charge for year1,2801,280
At 31 July 2455,77655,776
Net book value
At 31 July 24860860
At 31 July 232,0162,016
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables8,24913,964
Other debtors38,58593,051
Total46,834107,015
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables6,61910,023
Bank borrowings and overdrafts5,1274,500
Taxation and social security51,47763,772
Other creditors6,000-
Accrued liabilities and deferred income3,5213,520
Total72,74481,815
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts11,35215,280
Total11,35215,280
8.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
HARWOOD, Ian Oliver20,70940,71654,9076,518
HAWKINS, Brian James34,57840,50052,27022,808
55,28781,216107,17729,326