Company Registration No. 13148923 (England and Wales)
NETWORK TALENT LIMITED
Unaudited accounts
for the year ended 30 April 2025
NETWORK TALENT LIMITED
Unaudited accounts
Contents
NETWORK TALENT LIMITED
Company Information
for the year ended 30 April 2025
Directors
Mr S Devoil
Mr C McCormack
Company Number
13148923 (England and Wales)
Registered Office
Regal House
70 London Road
Twickenham
TW1 3QS
Accountants
Stoney Philbin & Company Limited
7 High Street
Chapel-en-le-Frith
High Peak
SK23 0HD
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
NETWORK TALENT LIMITED
for the year ended 30 April 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
NETWORK TALENT LIMITED for the year ended
30 April 2025 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Stoney Philbin & Company Limited
Chartered Certified Accountants
7 High Street
Chapel-en-le-Frith
High Peak
SK23 0HD
4 July 2025
NETWORK TALENT LIMITED
Statement of financial position
as at 30 April 2025
Tangible assets
7,004
7,030
Cash at bank and in hand
594,589
584,346
Creditors: amounts falling due within one year
(97,153)
(107,027)
Net current assets
563,838
539,431
Net assets
570,842
546,461
Called up share capital
102
101
Profit and loss account
570,740
546,360
Shareholders' funds
570,842
546,461
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 July 2025 and were signed on its behalf by
Mr S Devoil
Director
Company Registration No. 13148923
NETWORK TALENT LIMITED
Notes to the Accounts
for the year ended 30 April 2025
NETWORK TALENT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13148923. The registered office is Regal House, 70 London Road, Twickenham, TW1 3QS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2024
5,700
6,804
12,504
At 30 April 2025
5,700
8,535
14,235
At 1 May 2024
2,494
2,980
5,474
Charge for the year
801
956
1,757
At 30 April 2025
3,295
3,936
7,231
At 30 April 2025
2,405
4,599
7,004
At 30 April 2024
3,206
3,824
7,030
NETWORK TALENT LIMITED
Notes to the Accounts
for the year ended 30 April 2025
Amounts falling due within one year
Trade debtors
56,976
62,112
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
81,328
68,991
Loans from directors
(12,193)
10,283
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
2 A Ordinary shares of £1 each
2
1
Shares issued during the period:
1 A Ordinary shares of £1 each
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan from director
(5,627)
-
1,656
(7,283)
Loan from director
(4,656)
-
3,799
(8,455)
Loan to director
-
30,431
2,500
27,931
(10,283)
30,431
7,955
12,193
Loans made to directors are subject to market rates of interest.
9
Average number of employees
During the year the average number of employees was 8 (2024: 7).