Talenytics Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC470098 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

Talenytics Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G W Speirs

H Flint

REGISTERED OFFICE:

Buchanan Business Park

Cumbernauld Road

Stepps

Glasgow

G33 6HZ

REGISTERED NUMBER:

SC470098 (Scotland)

ACCOUNTANTS:

McLay McAlister & McGibbon LLP

Chartered Accountants

145 St Vincent Street

Glasgow

G2 5JF

CURRENT ASSETS

Debtors

3

11,006

7,645

Cash at bank and in hand

278

4,080

11,284

11,725

CREDITORS

Amounts falling due within one year

4

326,508

197,843

NET CURRENT LIABILITIES

(315,224

)

(186,118

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(315,224

)

(186,118

)

CAPITAL AND RESERVES

Called up share capital

5

160

160

Retained earnings

(315,384

)

(186,278

)

SHAREHOLDERS' FUNDS

(315,224

)

(186,118

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 23 May 2019 and were signed on its behalf by:

G W Speirs - Director

1.	STATUTORY INFORMATION

Talenytics Limited is a private company, limited by shares , registered in Scotland. 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.

The financial statements for the year ended 31 December 2017 are the first financial statements that comply with

FRS102 Section 1A small entities. The date of transition is 29 February 2016. There has been no material impact

on the financial statements following this transition.

The accounts have been prepared on a going concern basis given the continued support of the directors.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Other debtors

11,006

7,645

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade creditors

172,610

52,543

Taxation and social security

(39,752

)

-

Other creditors

193,650

145,300

326,508

197,843

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.18

31.12.17

value:

£

£

160

Ordinary

£1

160

160

6.	RELATED PARTY DISCLOSURES

Included within Other Creditors is a loan from Solutions Driven Limited, a company in which the director G W

Speirs has a controlling interest, totalling £192,750 (2017 - £136,000). The loan is interest free and repayable on

demand.

Included in Trade Creditors is £113,126 (2017 - £20,785) due to the above named company.