Talent Nexus Ltd - Accounts to registrar (filleted) - small 23.2.5
Talent Nexus Ltd - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| Talent Nexus Ltd |
| Unaudited Financial Statements |
| for the Year Ended 31 January 2023 |
| Talent Nexus Ltd (Registered number: 08843248) |
| Contents of the Financial Statements |
| for the year ended 31 January 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Talent Nexus Ltd |
| Company Information |
| for the year ended 31 January 2023 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| New Derwent House |
| 69-73 Theobalds Road |
| London |
| WC1X 8TA |
| Talent Nexus Ltd (Registered number: 08843248) |
| Balance Sheet |
| 31 January 2023 |
| 2023 | 2022 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Current assets |
| Debtors | 5 |
| Cash in hand |
| Creditors |
| Amounts falling due within one year | 6 |
| Net current assets |
| Total assets less current liabilities |
| Provisions for liabilities |
| Net assets |
| Capital and reserves |
| Called up share capital | 8 |
| Share premium | 9 |
| Retained earnings | 9 |
| Shareholders' funds |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Talent Nexus Ltd (Registered number: 08843248) |
| Notes to the Financial Statements |
| for the year ended 31 January 2023 |
| 1. | Statutory information |
| Talent Nexus Ltd 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 |
| Going Concern |
| The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Turnover represents amounts receivable for services provided in the year and is stated net of VAT. |
| Interest is recognised in the income statement in the same period as it is receivable. It has been classified as other income in the income statement. |
| Tangible fixed assets |
| Motor vehicles - 25% on reducing balance |
| Office equipment - 25% on reducing balance |
| Financial instruments |
| The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from the bank and other third parties, loans to related parties, and investment in ordinary shares. |
| Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
| 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. |
| Talent Nexus Ltd (Registered number: 08843248) |
| Notes to the Financial Statements - continued |
| for the year ended 31 January 2023 |
| 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. |
| 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Government grants |
| Grants are accounted for under the accruals model as permitted by FRS102. |
| Grants of a revenue nature are recognised in the income statement in the same period as the related expenditure. |
| The company has taken advantage of one of the local government grants and, consistent with the point above, income has been classified as other income in the income statement. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Tangible fixed assets |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| Cost |
| At 1 February 2022 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 January 2023 |
| Depreciation |
| At 1 February 2022 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 January 2023 |
| Net book value |
| At 31 January 2023 |
| At 31 January 2022 |
| 5. | Debtors: amounts falling due within one year |
| 2023 | 2022 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Talent Nexus Ltd (Registered number: 08843248) |
| Notes to the Financial Statements - continued |
| for the year ended 31 January 2023 |
| 6. | Creditors: amounts falling due within one year |
| 2023 | 2022 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | Leasing agreements |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2023 | 2022 |
| £ | £ |
| Within one year |
| Between one and five years |
| 8. | Called up share capital |
Class: |
Nominal value: |
Alloted number: |
Aggregate nominal value: |
Alloted number: |
Aggregate nominal value: |
| 2023 | 2023 | 2022 | 2022 |
| Ordinary A | 0.01 | 801 | 80.10 | 801 | 80.10 |
| Ordinary B | 0.01 | 767 | 76.70 | 767 | 76.70 |
| Ordinary C | 0.01 | 150 | 15.00 | 150 | 15.00 |
| Ordinary D | 0.01 | 144 | 14.40 | 144 | 14.40 |
| Ordinary E | 0.01 | 1 | 0.10 | 1 | 0.1 |
| Ordinary F | 0.01 | 49 | 4.90 | 49 | 4.90 |
| Ordinary G | 0.01 | 49 | 4.90 | 49 | 4.90 |
| Ordinary H | 0.01 | 1 | 0.10 | - | - |
| 1,962 | 196.20 | 1,961 | 196.10 |
| During the year, there was 1 Ordinary H Share of £0.01 issued and paid in full. |
| 9. | Reserves |
| Retained | Share |
| earnings | premium | Totals |
| £ | £ | £ |
| At 1 February 2022 | 656,855 |
| Profit for the year | - |
| Dividends | ( |
) | - | ( |
) |
| At 31 January 2023 | 959,222 |