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REGISTERED NUMBER: 08756850 (England and Wales)



















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

VISMA TALENT SOLUTIONS LIMITED

VISMA TALENT SOLUTIONS LIMITED (REGISTERED NUMBER: 08756850)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VISMA TALENT SOLUTIONS LIMITED

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2024







DIRECTOR: Ms L Verbeek





REGISTERED OFFICE: Np-105 Icentre
Howard Way
Newport Pagnell
Milton Keynes
MK16 9PY





REGISTERED NUMBER: 08756850 (England and Wales)





AUDITORS: FKCA Limited
Statutory Auditor
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

VISMA TALENT SOLUTIONS LIMITED (REGISTERED NUMBER: 08756850)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,354 1,905

CURRENT ASSETS
Debtors 6 549,749 320,798
Cash at bank 1,240,735 1,767,654
1,790,484 2,088,452
CREDITORS
Amounts falling due within one year 7 604,669 1,019,170
NET CURRENT ASSETS 1,185,815 1,069,282
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,187,169

1,071,187

CAPITAL AND RESERVES
Called up share capital 8 97,106 97,106
Retained earnings 1,090,063 974,081
SHAREHOLDERS' FUNDS 1,187,169 1,071,187

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 director and authorised for issue on 28 February 2025 and were signed by:





Ms L Verbeek - Director


VISMA TALENT SOLUTIONS LIMITED (REGISTERED NUMBER: 08756850)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2024

1. STATUTORY INFORMATION

Visma Talent Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
The turnover shown in the profit and loss account represents work performed in the year. In respect of on going services and licence agreements, turnover is recognised evenly over the term of the service or licence agreement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Machinery and equipment - 33% on cost

Tangible fixed assets are recognised at cost less depreciation.

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.

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.

Financial instruments
The company has chosen to adopt Section 11 and 12 of FRS102 in respect of financial instruments.

Basic financial assets and liabilities, including trade and other debtors, bank balances, trade and other creditors and loans from fellow group companies are recognised at amortised cost.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

VISMA TALENT SOLUTIONS LIMITED (REGISTERED NUMBER: 08756850)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2024

5. TANGIBLE FIXED ASSETS
Machinery
and
equipment
£   
COST
At 1 January 2024 8,220
Additions 1,431
Disposals (2,897 )
At 31 December 2024 6,754
DEPRECIATION
At 1 January 2024 6,315
Charge for year 1,394
Eliminated on disposal (2,309 )
At 31 December 2024 5,400
NET BOOK VALUE
At 31 December 2024 1,354
At 31 December 2023 1,905

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 352,631 68,842
Amounts owed by group undertakings 11,195 4,115
Other debtors 185,923 247,841
549,749 320,798

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 150 151
Amounts owed to group undertakings 35,502 193,361
Taxation and social security 102,443 142,952
Other creditors 466,574 682,706
604,669 1,019,170

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
97,106 Ordinary 1.00 97,106 97,106

VISMA TALENT SOLUTIONS LIMITED (REGISTERED NUMBER: 08756850)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2024

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Tara Aldwin ACA (Senior Statutory Auditor)
for and on behalf of FKCA Limited

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The immediate parent undertaking is Visma International Holding AS, a company registered in Norway.

The ultimate parent undertaking to consolidate these financial statements is Visma AS. The address of the registered office of Visma AS is Karenslyst Allé 56, 0277 Oslo, Norway.