Empire Talent Limited - Filleted accounts

Empire Talent Limited - Filleted accounts

EMPIRE TALENT LIMITED - Company Information

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Registered number
09902472
Empire Talent Limited
Filleted Accounts
31 December 2019
Empire Talent Limited
Registered number: 09902472
Balance Sheet
as at 31 December 2019
Notes 2019 2018
£ £
Current assets
Debtors 3 119,392 32,162
Cash at bank and in hand 1 4,140
119,393 36,302
Creditors: amounts falling due within one year 4 (116,948) (34,140)
Net current assets 2,445 2,162
Net assets 2,445 2,162
Capital and reserves
Called up share capital 300 100
Profit and loss account 2,145 2,062
Shareholder's funds 2,445 2,162
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A G M Muddle
Director
Approved by the board on 7 October 2020
Empire Talent Limited
Notes to the Accounts
for the year ended 31 December 2019
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2019 2018
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2019 2018
£ £
Trade debtors 66,300 13,450
Other debtors 53,092 18,712
119,392 32,162
4 Creditors: amounts falling due within one year 2019 2018
£ £
Bank loans and overdrafts 1,154 -
Trade creditors 5,616 6,232
Taxation and social security costs 64,560 23,757
Other creditors 45,618 4,151
116,948 34,140
5 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
A G M Muddle
[Loan 1] 14,122 220 - 14,342
14,122 220 - 14,342
6 Other information
Empire Talent Limited is a private company limited by shares and incorporated in England. Its Registered Office is:
Clarendon House
117 George Lane
South Woodford
London
E18 1AN
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