THE TALENT BUSINESS LIMITED


THE TALENT BUSINESS LIMITED

Company Registration Number:
01428814 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2019

Period of accounts

Start date: 01 January 2019

End date: 31 December 2019

THE TALENT BUSINESS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2019

Balance sheet
Notes

THE TALENT BUSINESS LIMITED

Balance sheet

As at 31 December 2019


Notes

2019

2018


£

£
Fixed assets
Tangible assets: 2 80,142 134,177
Total fixed assets: 80,142 134,177
Current assets
Debtors:   2,280,856 1,528,835
Cash at bank and in hand: 59,795 25,230
Total current assets: 2,340,651 1,554,065
Creditors: amounts falling due within one year: 3 (1,844,889) (1,713,907)
Net current assets (liabilities): 495,762 (159,842)
Total assets less current liabilities: 575,904 (25,665)
Total net assets (liabilities): 575,904 (25,665)
Capital and reserves
Called up share capital: 165,480 165,480
Profit and loss account: 410,424 (191,145)
Shareholders funds: 575,904 (25,665)

The notes form part of these financial statements

THE TALENT BUSINESS LIMITED

Balance sheet statements

For the year ending 31 December 2019 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 16 April 2020
and signed on behalf of the board by:

Name: Gary Stolkin
Status: Director

The notes form part of these financial statements

THE TALENT BUSINESS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

THE TALENT BUSINESS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

2. Tangible Assets

Total
Cost £
At 01 January 2019 342,902
Additions 4,465
At 31 December 2019 347,367
Depreciation
At 01 January 2019 208,725
Charge for year 58,500
At 31 December 2019 267,225
Net book value
At 31 December 2019 80,142
At 31 December 2018 134,177

THE TALENT BUSINESS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

3. Creditors: amounts falling due within one year note

Included in the other creditors' figure is a balance of £632,633 (2018 : £576,727) relating to amounts advanced under an invoice discounting facility.