6 6 Talent Talks Ltd 07665982 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is other entertainment activities. Digita Accounts Production Advanced 6.30.9574.0 true 07665982 2023-07-01 2024-06-30 07665982 2024-06-30 07665982 bus:OrdinaryShareClass1 bus:OtherShareType 2024-06-30 07665982 bus:OrdinaryShareClass2 bus:OtherShareType 2024-06-30 07665982 core:CurrentFinancialInstruments 2024-06-30 07665982 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 07665982 core:FurnitureFittings 2024-06-30 07665982 core:MotorVehicles 2024-06-30 07665982 core:OtherPropertyPlantEquipment 2024-06-30 07665982 bus:SmallEntities 2023-07-01 2024-06-30 07665982 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 07665982 bus:FilletedAccounts 2023-07-01 2024-06-30 07665982 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 07665982 bus:RegisteredOffice 2023-07-01 2024-06-30 07665982 bus:Director1 2023-07-01 2024-06-30 07665982 bus:OrdinaryShareClass1 bus:OtherShareType 2023-07-01 2024-06-30 07665982 bus:OrdinaryShareClass2 bus:OtherShareType 2023-07-01 2024-06-30 07665982 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07665982 core:FurnitureFittings 2023-07-01 2024-06-30 07665982 core:MotorVehicles 2023-07-01 2024-06-30 07665982 core:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 07665982 core:Vehicles 2023-07-01 2024-06-30 07665982 countries:AllCountries 2023-07-01 2024-06-30 07665982 2023-06-30 07665982 core:FurnitureFittings 2023-06-30 07665982 core:MotorVehicles 2023-06-30 07665982 core:OtherPropertyPlantEquipment 2023-06-30 07665982 2022-07-01 2023-06-30 07665982 2023-06-30 07665982 bus:OrdinaryShareClass1 bus:OtherShareType 2023-06-30 07665982 bus:OrdinaryShareClass2 bus:OtherShareType 2023-06-30 07665982 core:CurrentFinancialInstruments 2023-06-30 07665982 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 07665982 core:FurnitureFittings 2023-06-30 07665982 core:MotorVehicles 2023-06-30 07665982 core:OtherPropertyPlantEquipment 2023-06-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 07665982

Talent Talks Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Talent Talks Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Talent Talks Ltd

(Registration number: 07665982)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

227,802

104,815

Current assets

 

Debtors

5

165,887

207,240

Cash at bank and in hand

 

79,621

86,918

 

245,508

294,158

Creditors: Amounts falling due within one year

6

(148,703)

(112,396)

Net current assets

 

96,805

181,762

Net assets

 

324,607

286,577

Capital and reserves

 

Called up share capital

8

200

200

Capital redemption reserve

33

33

Retained earnings

324,374

286,344

Shareholders' funds

 

324,607

286,577

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 March 2025 and signed on its behalf by:
 

.........................................
Mr Steven Peter John Robins
Director

 

Talent Talks Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
1st Floor, Annexe Office 2
3 Mills Studios
Three Mill Lane
London
E3 3DU
England

These financial statements were authorised for issue by the Board on 28 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in Sterling (£) which is also the functional currency of the company. Monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Talent Talks Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% Straight Line

Motor vehicles

25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Talent Talks Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2023 - 6).

 

Talent Talks Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Fixtures and fittings
£

Motor vehicles
 £

Other tangible assets
 £

Total
£

Cost or valuation

At 1 July 2023

8,281

115,689

-

123,970

Additions

-

-

150,000

150,000

At 30 June 2024

8,281

115,689

150,000

273,970

Depreciation

At 1 July 2023

4,687

14,468

-

19,155

Charge for the year

1,708

25,305

-

27,013

At 30 June 2024

6,395

39,773

-

46,168

Carrying amount

At 30 June 2024

1,886

75,916

150,000

227,802

At 30 June 2023

3,594

101,221

-

104,815

5

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

21,687

54,918

Amounts owed by related parties

7

83,057

86,057

Other debtors

 

61,143

66,265

   

165,887

207,240

 

Talent Talks Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

74,214

81,940

Accruals and deferred income

53,440

3,440

Other creditors

21,049

27,016

148,703

112,396

7

Related party transactions

During the year the company made the following related party transactions:

Director 1
At the balance sheet date, the amount due to the Director was £18,952 (2023 - £18,864). The loan is interest free, unsecured and repayable on demand.

Director 2
At the balance sheet date, the amount due to the Director was £605 (2023 - £2). The loan is interest free, unsecured and repayable on demand.

Company Under Common Control
At the balance sheet date, the amount due from the company under common control was £83,507 (2023 - £86,057). The amount was interest free and repayable on demand.

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares A of £1 each

100

100

100

100

Ordinary shares B of £1 each

100

100

100

100

200

200

200

200