REGISTERED NUMBER: 08673502 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Talent Artistic Group Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

A C Mills-Brown

S G Caswell

N Annan

REGISTERED OFFICE:

Unit 3, Stewartby Business Park

Broadmead Road

Bedford

Bedfordshire

MK43 9ND

REGISTERED NUMBER:

08673502 (England and Wales)

ACCOUNTANTS:

Stewarts Accountants Limited

271 High Street

Berkhamsted

Hertfordshire

HP4 1AA

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Talent Artistic Group Limited for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Talent Artistic Group Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Talent Artistic Group Limited and state those matters that we have agreed to state to the Board of Directors of Talent Artistic Group Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Talent Artistic Group Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Talent Artistic Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Talent Artistic Group Limited. You consider that Talent Artistic Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Talent Artistic Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Stewarts Accountants Limited

271 High Street

Berkhamsted

Hertfordshire

HP4 1AA

22 September 2025

FIXED ASSETS

Intangible assets

4

30,084

14,687

Tangible assets

5

574,080

219,105

Investments

6

2,643

60,492

606,807

294,284

CURRENT ASSETS

Stocks

648,531

915,193

Debtors

7

2,514,650

2,686,244

Cash at bank

521,894

116,017

3,685,075

3,717,454

CREDITORS

Amounts falling due within one year

8

2,963,678

3,004,475

NET CURRENT ASSETS

721,397

712,979

TOTAL ASSETS LESS CURRENT LIABILITIES

1,328,204

1,007,263

CREDITORS

Amounts falling due after more than one year

9

(408,000

)

-

PROVISIONS FOR LIABILITIES

12

(964

)

(18,969

)

NET ASSETS

919,240

988,294

CAPITAL AND RESERVES

Called up share capital

13

47

46

Retained earnings

14

919,193

988,248

SHAREHOLDERS' FUNDS

919,240

988,294

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

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

A C Mills-Brown - Director

1.	STATUTORY INFORMATION

Talent Artistic Group 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.

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.

Preparation of consolidated financial statements

The financial statements contain information about Talent Artistic Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

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

Turnover in respect of service contracts, excluding value added tax is recognised when those services have been delivered and the company has obtained the right consideration.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amoritisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of 3 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

10% on cost

Plant and machinery

-

25% on cost and 25% on reducing balance

Fixtures & fittings

-

25% on reducing balance

Computer equipment

-

33% on cost and 20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from fellow group undertakings, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax

Deferred tax is recognised on all 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.

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.

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 the tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 119 (2023 - 110 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

17,050

Additions

18,750

At 31 December 2024

35,800

AMORTISATION

At 1 January 2024

2,363

Charge for year

3,353

At 31 December 2024

5,716

NET BOOK VALUE

At 31 December 2024

30,084

At 31 December 2023

14,687

5.	TANGIBLE FIXED ASSETS

Short

Plant and

Fixtures

Computer

leasehold

machinery

& fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

181,231

89,088

45,466

45,153

360,938

Additions

262,626

84,598

107,591

10,074

464,889

At 31 December 2024

443,857

173,686

153,057

55,227

825,827

DEPRECIATION

At 1 January 2024

62,548

50,102

9,165

20,018

141,833

Charge for year

37,523

27,591

29,707

15,093

109,914

At 31 December 2024

100,071

77,693

38,872

35,111

251,747

NET BOOK VALUE

At 31 December 2024

343,786

95,993

114,185

20,116

574,080

At 31 December 2023

118,683

38,986

36,301

25,135

219,105

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

60,492

Additions

2,526

Disposals

(60,375

)

At 31 December 2024

2,643

NET BOOK VALUE

At 31 December 2024

2,643

At 31 December 2023

60,492

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

608,530

1,011,417

Other debtors

621,052

366,250

Directors' current accounts

-

79,577

Tax

51,949

-

Prepayments and accrued income

1,233,119

1,229,000

2,514,650

2,686,244

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

92,120

-

Trade creditors

308,418

939,929

Amounts owed to group undertakings

98,403

130,503

Tax

-

51,955

Social security and other taxes

44,952

126,465

VAT

251,644

365,874

Other creditors

158,217

242,322

Directors' current accounts

35,265

-

Deferred income

1,709,113

1,022,365

Accrued expenses

265,546

125,062

2,963,678

3,004,475

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 2-5 years

408,000

-

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

210,480

242,040

Between one and five years

575,252

745,049

In more than five years

281,439

375,252

1,067,171

1,362,341

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

500,000

-

The bank loans are secured by way of a fixed and floating charge over the assets of the company.

12.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

964

18,969

Deferred

tax

£

Balance at 1 January 2024

18,969

Utilised during year

(18,005

)

Balance at 31 December 2024

964

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

4,200

A Shares

0.01

42

42

221

B Shares

0.01

5

4

47

46

14.

RESERVES

Retained

earnings

£

At 1 January 2024

988,248

Deficit for the year

(69,055

)

At 31 December 2024

919,193

15.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

A C Mills-Brown

Balance outstanding at start of year

79,577

340,081

Amounts advanced

-

395,145

Amounts repaid

(79,577

)

(655,649

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

79,577

S G Caswell

Balance outstanding at start of year

-

38,500

Amounts repaid

-

(38,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

16.	RELATED PARTY DISCLOSURES

At the year end the company was owed £460,445 (2023: £170,482) by companies controlled by one of the directors.

The loans are repayable on demand and interest-free.