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Registered number: 11914123
ABR Talent Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Johnston Wood Roach Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11914123
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 65,233 3,841
65,233 3,841
CURRENT ASSETS
Debtors 5 22,177 20,201
Cash at bank and in hand 100,863 39,274
123,040 59,475
Creditors: Amounts Falling Due Within One Year 6 (94,720 ) (50,777 )
NET CURRENT ASSETS (LIABILITIES) 28,320 8,698
TOTAL ASSETS LESS CURRENT LIABILITIES 93,553 12,539
Creditors: Amounts Falling Due After More Than One Year 7 (48,405 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,635 ) (730 )
NET ASSETS 41,513 11,809
CAPITAL AND RESERVES
Called up share capital 8 11 11
Profit and Loss Account 41,502 11,798
SHAREHOLDERS' FUNDS 41,513 11,809
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Luke Bartram
Director
24 April 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
ABR Talent Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11914123 . The registered office is Steel House, Solent Business Park, Plot 4300, Whiteley, Fareham, Hampshire, PO15 7FP.
The presentation currency of the financial statements is the Pound Sterling (£).
Accounts are rounded to the nearest pound.
The accounts represent the company as an individual entity.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Significant judgements and estimations
The preparation of financial statements requires the use of estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. These estimates and assumptions are based on management's best knowledge of the amount, events or actions. Actual results may differ from those amounts.
Management do not consider there to be any significant judgements or estimates used in the preparation of these financial statements.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 20% Straightline Method
2.5. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 - 1,419 7,022 8,441
Additions 61,818 778 3,306 65,902
As at 31 December 2024 61,818 2,197 10,328 74,343
Depreciation
As at 1 January 2024 - 681 3,919 4,600
Provided during the period 2,576 303 1,631 4,510
As at 31 December 2024 2,576 984 5,550 9,110
Net Book Value
As at 31 December 2024 59,242 1,213 4,778 65,233
As at 1 January 2024 - 738 3,103 3,841
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 16,320 15,552
Other debtors 5,857 4,649
22,177 20,201
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 179 5,033
Other loans 6,628 -
Other creditors 33,986 30,079
Taxation and social security 53,927 15,665
94,720 50,777
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 48,405 -
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
650 Ordinary A shares of £ 0.01 each 7 7
350 Ordinary B shares of £ 0.01 each 4 4
11 11
9. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from the director £403 (2023: £176).
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Luke Bartram (176 ) 72,585 (72,812 ) - (403 )
The above loan is unsecured, interest free and repayable on demand.
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