Talpa Office Products Limited 04144577 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is the sale of office supplies Digita Accounts Production Advanced 6.30.9574.0 true 04144577 2022-04-01 2023-03-31 04144577 2023-03-31 04144577 core:RetainedEarningsAccumulatedLosses 2023-03-31 04144577 core:ShareCapital 2023-03-31 04144577 core:CurrentFinancialInstruments 2023-03-31 04144577 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 04144577 core:FurnitureFittingsToolsEquipment 2023-03-31 04144577 bus:SmallEntities 2022-04-01 2023-03-31 04144577 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 04144577 bus:FullAccounts 2022-04-01 2023-03-31 04144577 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 04144577 bus:RegisteredOffice 2022-04-01 2023-03-31 04144577 bus:CompanySecretaryDirector2 2022-04-01 2023-03-31 04144577 bus:Director2 2022-04-01 2023-03-31 04144577 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04144577 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 04144577 core:OfficeEquipment 2022-04-01 2023-03-31 04144577 countries:EnglandWales 2022-04-01 2023-03-31 04144577 2022-03-31 04144577 core:FurnitureFittingsToolsEquipment 2022-03-31 04144577 2021-04-01 2022-03-31 04144577 2022-03-31 04144577 core:RetainedEarningsAccumulatedLosses 2022-03-31 04144577 core:ShareCapital 2022-03-31 04144577 core:CurrentFinancialInstruments 2022-03-31 04144577 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 04144577 core:FurnitureFittingsToolsEquipment 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 04144577

Talpa Office Products Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Talpa Office Products Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Talpa Office Products Limited

Company Information

Directors

M A Smyth

P Smyth

Company secretary

P Smyth

Registered office

Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

Accountants

Burton Sweet Limited
Chartered Accountants and Business Advisers
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

 

Talpa Office Products Limited

(Registration number: 04144577)
Balance Sheet
31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,692

659

Current assets

 

Stocks

5

8,401

11,100

Debtors

6

10,879

13,034

Cash at bank and in hand

 

70,126

60,274

 

89,406

84,408

Creditors: Amounts falling due within one year

7

(58,189)

(64,312)

Net current assets

 

31,217

20,096

Net assets

 

32,909

20,755

Capital and reserves

 

Called up share capital

1

1

Retained earnings

32,908

20,754

Shareholders' funds

 

32,909

20,755

 

Talpa Office Products Limited

(Registration number: 04144577)
Balance Sheet
31 March 2023

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 8 November 2023 and signed on its behalf by:
 



P Smyth
Company secretary and director

 

Talpa Office Products Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

These financial statements were authorised for issue by the Board on 8 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods ain the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Talpa Office Products Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% per annum reducing balance

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers and are recognised at the transaction price. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

 

Talpa Office Products Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

 

Talpa Office Products Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2022

1,173

1,173

Additions

1,597

1,597

At 31 March 2023

2,770

2,770

Depreciation

At 1 April 2022

514

514

Charge for the year

564

564

At 31 March 2023

1,078

1,078

Carrying amount

At 31 March 2023

1,692

1,692

At 31 March 2022

659

659

5

Stocks

2023
£

2022
£

Other inventories

8,401

11,100

6

Debtors

2023
£

2022
£

Trade debtors

10,684

12,939

Prepayments

195

-

Other debtors

-

95

10,879

13,034

 

Talpa Office Products Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

15,219

22,112

Taxation and social security

3,330

5,181

Other creditors

39,640

37,019

58,189

64,312