2022-08-012023-07-312023-07-31false08925094TALKING WORKS LTD2023-09-0486900iso4217:GBPxbrli:pure089250942022-08-01089250942023-07-31089250942022-08-012023-07-31089250942021-08-01089250942022-07-31089250942021-08-012022-07-3108925094bus:SmallEntities2022-08-012023-07-3108925094bus:AuditExempt-NoAccountantsReport2022-08-012023-07-3108925094bus:FullAccounts2022-08-012023-07-3108925094bus:PrivateLimitedCompanyLtd2022-08-012023-07-3108925094core:WithinOneYear2023-07-3108925094core:AfterOneYear2023-07-3108925094core:WithinOneYear2022-07-3108925094core:AfterOneYear2022-07-3108925094core:ShareCapital2023-07-3108925094core:SharePremium2023-07-3108925094core:RevaluationReserve2023-07-3108925094core:OtherReservesSubtotal2023-07-3108925094core:RetainedEarningsAccumulatedLosses2023-07-3108925094core:ShareCapital2022-07-3108925094core:SharePremium2022-07-3108925094core:RevaluationReserve2022-07-3108925094core:OtherReservesSubtotal2022-07-3108925094core:RetainedEarningsAccumulatedLosses2022-07-3108925094core:LandBuildings2023-07-3108925094core:PlantMachinery2023-07-3108925094core:Vehicles2023-07-3108925094core:FurnitureFittings2023-07-3108925094core:OfficeEquipment2023-07-3108925094core:NetGoodwill2023-07-3108925094core:IntangibleAssetsOtherThanGoodwill2023-07-3108925094core:ListedExchangeTraded2023-07-3108925094core:UnlistedNon-exchangeTraded2023-07-3108925094core:LandBuildings2022-07-3108925094core:PlantMachinery2022-07-3108925094core:Vehicles2022-07-3108925094core:FurnitureFittings2022-07-3108925094core:OfficeEquipment2022-07-3108925094core:NetGoodwill2022-07-3108925094core:IntangibleAssetsOtherThanGoodwill2022-07-3108925094core:ListedExchangeTraded2022-07-3108925094core:UnlistedNon-exchangeTraded2022-07-3108925094core:LandBuildings2022-08-012023-07-3108925094core:PlantMachinery2022-08-012023-07-3108925094core:Vehicles2022-08-012023-07-3108925094core:FurnitureFittings2022-08-012023-07-3108925094core:OfficeEquipment2022-08-012023-07-3108925094core:NetGoodwill2022-08-012023-07-3108925094core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3108925094core:ListedExchangeTraded2022-08-012023-07-3108925094core:UnlistedNon-exchangeTraded2022-08-012023-07-3108925094core:MoreThanFiveYears2022-08-012023-07-3108925094core:Non-currentFinancialInstruments2023-07-3108925094core:Non-currentFinancialInstruments2022-07-3108925094dpl:CostSales2022-08-012023-07-3108925094dpl:DistributionCosts2022-08-012023-07-3108925094core:LandBuildings2022-08-012023-07-3108925094core:PlantMachinery2022-08-012023-07-3108925094core:Vehicles2022-08-012023-07-3108925094core:FurnitureFittings2022-08-012023-07-3108925094core:OfficeEquipment2022-08-012023-07-3108925094dpl:AdministrativeExpenses2022-08-012023-07-3108925094core:NetGoodwill2022-08-012023-07-3108925094core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3108925094dpl:GroupUndertakings2022-08-012023-07-3108925094dpl:ParticipatingInterests2022-08-012023-07-3108925094dpl:GroupUndertakingscore:ListedExchangeTraded2022-08-012023-07-3108925094core:ListedExchangeTraded2022-08-012023-07-3108925094dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-08-012023-07-3108925094core:UnlistedNon-exchangeTraded2022-08-012023-07-3108925094dpl:CostSales2021-08-012022-07-3108925094dpl:DistributionCosts2021-08-012022-07-3108925094core:LandBuildings2021-08-012022-07-3108925094core:PlantMachinery2021-08-012022-07-3108925094core:Vehicles2021-08-012022-07-3108925094core:FurnitureFittings2021-08-012022-07-3108925094core:OfficeEquipment2021-08-012022-07-3108925094dpl:AdministrativeExpenses2021-08-012022-07-3108925094core:NetGoodwill2021-08-012022-07-3108925094core:IntangibleAssetsOtherThanGoodwill2021-08-012022-07-3108925094dpl:GroupUndertakings2021-08-012022-07-3108925094dpl:ParticipatingInterests2021-08-012022-07-3108925094dpl:GroupUndertakingscore:ListedExchangeTraded2021-08-012022-07-3108925094core:ListedExchangeTraded2021-08-012022-07-3108925094dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-08-012022-07-3108925094core:UnlistedNon-exchangeTraded2021-08-012022-07-3108925094core:NetGoodwill2023-07-3108925094core:IntangibleAssetsOtherThanGoodwill2023-07-3108925094core:LandBuildings2023-07-3108925094core:PlantMachinery2023-07-3108925094core:Vehicles2023-07-3108925094core:FurnitureFittings2023-07-3108925094core:OfficeEquipment2023-07-3108925094core:AfterOneYear2023-07-3108925094core:WithinOneYear2023-07-3108925094core:ListedExchangeTraded2023-07-3108925094core:UnlistedNon-exchangeTraded2023-07-3108925094core:ShareCapital2023-07-3108925094core:SharePremium2023-07-3108925094core:RevaluationReserve2023-07-3108925094core:OtherReservesSubtotal2023-07-3108925094core:RetainedEarningsAccumulatedLosses2023-07-3108925094core:NetGoodwill2022-07-3108925094core:IntangibleAssetsOtherThanGoodwill2022-07-3108925094core:LandBuildings2022-07-3108925094core:PlantMachinery2022-07-3108925094core:Vehicles2022-07-3108925094core:FurnitureFittings2022-07-3108925094core:OfficeEquipment2022-07-3108925094core:AfterOneYear2022-07-3108925094core:WithinOneYear2022-07-3108925094core:ListedExc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TALKING WORKS LTD

Registered Number
08925094
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2023

TALKING WORKS LTD
Company Information
for the year from 1 August 2022 to 31 July 2023

Directors

BEVAN, K
COTTAM, B J
COTTAM, J, Dr

Registered Address

Gateshead International Business Centre
Mulgrave Terrace
Gateshead
NE8 1AN

Registered Number

08925094 (England and Wales)
TALKING WORKS LTD
Balance Sheet as at
31 July 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets536,95046,683
Tangible assets67,88310,829
44,83357,512
Current assets
Debtors750,78198,272
Cash at bank and on hand38,07710,995
88,858109,267
Creditors amounts falling due within one year8(29,474)(20,708)
Net current assets (liabilities)59,38488,559
Total assets less current liabilities104,217146,071
Creditors amounts falling due after one year9(38,610)-
Provisions for liabilities10(1,497)(2,058)
Net assets64,110144,013
Capital and reserves
Called up share capital22
Profit and loss account64,108144,011
Shareholders' funds64,110144,013
The financial statements were approved and authorised for issue by the Board of Directors on 4 September 2023, and are signed on its behalf by:
COTTAM, J, Dr
Director
Registered Company No. 08925094
TALKING WORKS LTD
Notes to the Financial Statements
for the year ended 31 July 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
These financial statements were prepared in accordance with the provisions of FRS 102 Section 1A - small entities applicable in the UK and Republic of Ireland. There were no material departures from that standard.
3.Accounting policies
Property, plant and equipment policy
Tangible assets are stated in the statement of financial position 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.

Straight line (years)
Fixtures and fittings4
Office Equipment4
Intangible assets policy
Intangible assets are stated in the statement of financial position at cost, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Revenue recognition policy
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. 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 activities.
Deferred tax policy
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
The costs of short-term employee benefits are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the employees services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
4.Employee information

20232022
Average number of employees during the year1217
5.Intangible assets

Other

Total

££
Cost or valuation
At 01 August 2246,68346,683
At 31 July 2346,68346,683
Amortisation and impairment
Charge for year9,7339,733
At 31 July 239,7339,733
Net book value
At 31 July 2336,95036,950
At 31 July 2246,68346,683
6.Property, plant and equipment

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 August 223,74723,98927,736
Additions4156451,060
At 31 July 234,16224,63428,796
Depreciation and impairment
At 01 August 222,57214,33516,907
Charge for year4293,5774,006
At 31 July 233,00117,91220,913
Net book value
At 31 July 231,1616,7227,883
At 31 July 221,1759,65410,829
7.Debtors

2023

2022

££
Trade debtors / trade receivables46,98790,686
Other debtors2,4301,075
Prepayments and accrued income1,3646,511
Total50,78198,272
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables17,20516,946
Bank borrowings and overdrafts10,126-
Taxation and social security193-
Other creditors1,3251,635
Accrued liabilities and deferred income6252,127
Total29,47420,708
9.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts38,610-
Total38,610-
10.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)1,4972,058
Total1,4972,058