Registered number
06332616
TALENT EDGE EUROPE LTD
Filleted Accounts
31 August 2024
TALENT EDGE EUROPE LTD
Registered number: 06332616
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 1,258 1,258
Creditors: amounts falling due within one year 3 (694) (673)
Net current liabilities (694) (673)
Total assets less current liabilities 564 585
Creditors: amounts falling due after more than one year 4 (18,711) (18,732)
Net liabilities (18,147) (18,147)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (19,147) (19,147)
Shareholders' funds (18,147) (18,147)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 480 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 480 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
TIM CASSERLEY
Director
Approved by the board on 1 April 2025
TALENT EDGE EUROPE LTD
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Office Equipment 20% reducing balance
Fixtures, fittings, tools and equipment over 5 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 34 13
Other creditors 660 660
694 673
4 Creditors: amounts falling due after one year 2024 2023
£ £
Loans from Directors 18,711 18,732
5 Other information
TALENT EDGE EUROPE LTD is a private company limited by shares and incorporated in England. Its registered office is:
34 Birch Grove
Potters Bar
Herts
EN6 1SY
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