INTEGRAL TALENT LIMITED

INTEGRAL TALENT LIMITED

INTEGRAL TALENT LIMITED - Company Information

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INTEGRAL TALENT LIMITED

Company Registration Number:
08327203 (England and Wales)

Unaudited abridged accounts for the year ended 28 May 2020

Period of accounts

Start date: 30 May 2019

End date: 28 May 2020

INTEGRAL TALENT LIMITED

Contents of the Financial Statements

for the Period Ended 28 May 2020

Balance sheet
Notes

INTEGRAL TALENT LIMITED

Balance sheet

As at 28 May 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 3,538 3,864
Investments: 4 200,000 200,000
Total fixed assets: 203,538 203,864
Current assets
Debtors:   369,760 450,487
Cash at bank and in hand: 562,507 402,343
Total current assets: 932,267 852,830
Creditors: amounts falling due within one year:   (401,688) (410,393)
Net current assets (liabilities): 530,579 442,437
Total assets less current liabilities: 734,117 646,301
Provision for liabilities: (674) (734)
Total net assets (liabilities): 733,443 645,567
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 733,343 645,467
Shareholders funds: 733,443 645,567

The notes form part of these financial statements

INTEGRAL TALENT LIMITED

Balance sheet statements

For the year ending 28 May 2020 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 03 June 2021
and signed on behalf of the board by:

Name: P Bradley
Status: Director

The notes form part of these financial statements

INTEGRAL TALENT LIMITED

Notes to the Financial Statements

for the Period Ended 28 May 2020

1. Accounting policies

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

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.

Tangible fixed assets and depreciation policy

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:Computer equipment 25% reducing balance

Other accounting policies

Basis of preparationThe accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.Presentation currencyThe accounts are presented in £ sterling.ConsolidationThe entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.

INTEGRAL TALENT LIMITED

Notes to the Financial Statements

for the Period Ended 28 May 2020

2. Employees

2020 2019
Average number of employees during the period 9 10

INTEGRAL TALENT LIMITED

Notes to the Financial Statements

for the Period Ended 28 May 2020

3. Tangible Assets

Total
Cost £
At 30 May 2019 12,020
Additions 866
At 28 May 2020 12,886
Depreciation
At 30 May 2019 8,156
Charge for year 1,192
At 28 May 2020 9,348
Net book value
At 28 May 2020 3,538
At 29 May 2019 3,864

INTEGRAL TALENT LIMITED

Notes to the Financial Statements

for the Period Ended 28 May 2020

4. Fixed investments

Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

INTEGRAL TALENT LIMITED

Notes to the Financial Statements

for the Period Ended 28 May 2020

5. Related party transactions

The director, Mr P Bradley, is a shareholder and director of Bradash Investments Limited. Included in other debtors is an amount of £50,000 (2019 : £50,000) due from Bradash Investments Limited in respect of loan notes issued as at 31 May 2020.The Company owes £109,353 (2019: £109,568) to its parent company Integral Talent International Limited at the year end.