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

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

TALENTEAM LIMITED - Company Information

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REGISTERED NUMBER: 08090747 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

TALENTEAM LIMITED
TALENTEAM LIMITED (REGISTERED NUMBER: 08090747)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TALENTEAM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2021







DIRECTORS: Mr S Nahata
Mrs V Nahata





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 08090747 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES
Page 1
TALENTEAM LIMITED (REGISTERED NUMBER: 08090747)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,684 10,945
Investments 5 100 100
11,784 11,045

CURRENT ASSETS
Debtors 6 783,995 611,404
Prepayments and accrued income 12,586 106,718
Cash at bank and in hand 1,161,045 351,401
1,957,626 1,069,523
CREDITORS
Amounts falling due within one year 7 955,740 282,142
NET CURRENT ASSETS 1,001,886 787,381
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,013,670
798,426

PROVISIONS FOR LIABILITIES 8 1,673 1,413
NET ASSETS 1,011,997 797,013

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 1,011,897 796,913
SHAREHOLDERS' FUNDS 1,011,997 797,013

The notes form part of these financial statements

Page 2 continued...
TALENTEAM LIMITED (REGISTERED NUMBER: 08090747)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2021


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 21 December 2021 and were signed on its behalf by:





Mr S Nahata - Director


The notes form part of these financial statements

Page 3
TALENTEAM LIMITED (REGISTERED NUMBER: 08090747)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021


1. STATUTORY INFORMATION

Talenteam Limited is a private company, limited by shares , registered in England and Wales. 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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Page 4 continued...
TALENTEAM LIMITED (REGISTERED NUMBER: 08090747)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021


2. ACCOUNTING POLICIES - continued

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2020 - 21 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
Cost
At 1 April 2020 43,312
Additions 6,731
At 31 March 2021 50,043
Depreciation
At 1 April 2020 32,367
Charge for year 5,992
At 31 March 2021 38,359
Net book value
At 31 March 2021 11,684
At 31 March 2020 10,945

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
Cost
At 1 April 2020
and 31 March 2021 100
Net book value
At 31 March 2021 100
At 31 March 2020 100

Page 5 continued...
TALENTEAM LIMITED (REGISTERED NUMBER: 08090747)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 763,154 590,563
Other debtors 20,841 20,841
783,995 611,404

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 59,521 61,229
Taxation and social security 228,358 122,727
Other creditors 667,861 98,186
955,740 282,142

8. PROVISIONS FOR LIABILITIES
2021 2020
£    £   
Deferred tax 1,673 1,413

Deferred
tax
£   
Balance at 1 April 2020 1,413
Provided during year 260
Balance at 31 March 2021 1,673

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
10,000 Ordinary £.01 100 100

Page 6