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REGISTERED NUMBER: 11198834 (England and Wales)











Financial Statements

for the Year Ended 31 July 2024

for

ENCANTA TALENT MANAGEMENT LTD

ENCANTA TALENT MANAGEMENT LTD (REGISTERED NUMBER: 11198834)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ENCANTA TALENT MANAGEMENT LTD

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr G Michaels
Mrs R Johnson-Honey





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 11198834 (England and Wales)





ACCOUNTANTS: JLA (UK) Ltd
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

ENCANTA TALENT MANAGEMENT LTD (REGISTERED NUMBER: 11198834)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 11,604 8,856

CURRENT ASSETS
Debtors 5 181,488 141,883
Cash at bank 90,815 113,202
272,303 255,085
CREDITORS
Amounts falling due within one year 6 222,452 163,248
NET CURRENT ASSETS 49,851 91,837
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,455

100,693

CAPITAL AND RESERVES
Called up share capital 7 104 104
Retained earnings 61,351 100,589
SHAREHOLDERS' FUNDS 61,455 100,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2025 and were signed on its behalf by:





Mr G Michaels - Director


ENCANTA TALENT MANAGEMENT LTD (REGISTERED NUMBER: 11198834)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Encanta Talent Management Ltd 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. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful economic life. Assets held under a finance lease are written off over their estimated useful economic life or the lease term, whichever is the shorter.

Fixtures and Fittings - 33% Reducing balance
Computer Equipment - 20% Straight Line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

Going concern
The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future and therefore used the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

ENCANTA TALENT MANAGEMENT LTD (REGISTERED NUMBER: 11198834)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2023 3,022 14,281 17,303
Additions - 7,548 7,548
At 31 July 2024 3,022 21,829 24,851
DEPRECIATION
At 1 August 2023 1,709 6,738 8,447
Charge for year 434 4,366 4,800
At 31 July 2024 2,143 11,104 13,247
NET BOOK VALUE
At 31 July 2024 879 10,725 11,604
At 31 July 2023 1,313 7,543 8,856

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 160,477 140,123
Directors' current accounts 20,000 -
Prepayments and accrued income 1,011 1,760
181,488 141,883

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 216 1,950
Tax 133,782 120,856
Social security and other taxes 5,484 (3,148 )
VAT 55,074 39,495
Directors' current accounts - 553
Accruals and deferred income 27,896 3,542
222,452 163,248

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
51 A Ordinary £1 51 51
51 B Ordinary £1 51 51
1 D Ordinary £1 1 1
1 E Ordinary £1 1 1
104 104

ENCANTA TALENT MANAGEMENT LTD (REGISTERED NUMBER: 11198834)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
Mrs R Johnson-Honey
Balance outstanding at start of year - -
Amounts advanced 20,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,000 -

As at the balance sheet date, included in debtors due within one year is £20,000 (2023: £553 credit), due and payable by the director. During the period interest was charged on the overdrawn loan account.

This amount was repaid within 9 months of the year end.