Standby Talent Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 13684500

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS

CURRENT ASSETS
Debtors	4	120,425		106,004
Cash at bank and in hand		76,255		33,862

		196,680		139,866
Creditors: Amounts Falling Due Within One Year	5	(195,863 )		(121,605 )

NET CURRENT ASSETS (LIABILITIES)			817		18,261

TOTAL ASSETS LESS CURRENT LIABILITIES			817		18,261

NET ASSETS			817		18,261

CAPITAL AND RESERVES
Called up share capital	6		1		1
Profit and Loss Account			816		18,260

SHAREHOLDERS' FUNDS			817		18,261

For the year ending 31 March 2025 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 her 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

Ms Laura Doggett

Director

16/09/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Standby Talent Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13684500 . The registered office is 1st Floor, 104 Oxford Street, London, Greater London, W1D 1LP.

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. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

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.

2.3. 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:

Plant & Machinery

20% straight line

2.4. Financial Instruments

The company has only basic financial instruments.

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.

Basic financial liabilities

Basic financial liabilities, which include creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transactions.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Corporation tax expense represents the sum of the tax currently payable

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.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 4)

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Standby Talent Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	111,364	103,332
Other taxes and social security	-	2,672
Director's loan account	9,061	-

	120,425	106,004

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	7,849	590
Bank loans and overdrafts	-	25
Corporation tax	27,741	15,166
Other taxes and social security	4,432	-
VAT	30,912	38,548
Other creditors	123,357	67,033
Accruals and deferred income	1,572	-
Director's loan account	-	243

	195,863	121,605

6. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

7. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Ms Laura Doggett	(243 )	69,904	(60,600 )	-	9,061

The above loan is unsecured and repayable on demand. Interest was charged by the company at the rate of 2.25% per annum. The loan was repaid after the year end.

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