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REGISTERED NUMBER: 07713582 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

TALKING SLIDES LTD

TALKING SLIDES LTD (REGISTERED NUMBER: 07713582)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TALKING SLIDES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Mr M Nicholls
Mrs T Nicholls
Mrs S A Shortland
Mr P Shortland



REGISTERED OFFICE: Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



REGISTERED NUMBER: 07713582 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Lloyds Bank
62 Fore Street
Brixham
Devon
TQ5 8EG

TALKING SLIDES LTD (REGISTERED NUMBER: 07713582)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 188,406 143,949

CURRENT ASSETS
Debtors 5 158,333 96,817
Cash at bank 165,577 232,474
323,910 329,291
CREDITORS
Amounts falling due within one year 6 155,531 139,829
NET CURRENT ASSETS 168,379 189,462
TOTAL ASSETS LESS CURRENT LIABILITIES 356,785 333,411

CREDITORS
Amounts falling due after more than one
year

7

(43,253

)

(41,893

)

PROVISIONS FOR LIABILITIES (26,218 ) (13,721 )
NET ASSETS 287,314 277,797

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 287,214 277,697
SHAREHOLDERS' FUNDS 287,314 277,797

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

TALKING SLIDES LTD (REGISTERED NUMBER: 07713582)

BALANCE SHEET - continued
30 SEPTEMBER 2023


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 31 March 2024 and were signed on its behalf by:




Mr M Nicholls - Director



Mrs T Nicholls - Director


TALKING SLIDES LTD (REGISTERED NUMBER: 07713582)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Talking Slides 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
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on 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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

TALKING SLIDES LTD (REGISTERED NUMBER: 07713582)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 80,000 2,190 35,805 119,866 237,861
Additions - 2,428 57,719 51,668 111,815
At 30 September 2023 80,000 4,618 93,524 171,534 349,676
DEPRECIATION
At 1 October 2022 16,000 798 8,951 68,163 93,912
Charge for year 12,800 764 21,144 32,650 67,358
At 30 September 2023 28,800 1,562 30,095 100,813 161,270
NET BOOK VALUE
At 30 September 2023 51,200 3,056 63,429 70,721 188,406
At 30 September 2022 64,000 1,392 26,854 51,703 143,949

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2022 26,805
Additions 48,458
At 30 September 2023 75,263
DEPRECIATION
At 1 October 2022 6,701
Charge for year 17,141
At 30 September 2023 23,842
NET BOOK VALUE
At 30 September 2023 51,421
At 30 September 2022 20,104

TALKING SLIDES LTD (REGISTERED NUMBER: 07713582)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 94,372 27,538
Directors' current accounts 63,961 69,279
158,333 96,817

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 11,504 5,121
Trade creditors 15,043 3,265
Tax 22,513 12,544
Social security and other taxes 5,448 6,521
VAT 44,896 12,614
Pension Control 1,403 1,577
Other creditors 28,993 86,218
Directors' current accounts 13,214 -
Accrued expenses 2,517 1,969
155,531 139,829

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 27,035 32,597
Hire purchase contracts 16,218 9,296
43,253 41,893

8. OTHER FINANCIAL COMMITMENTS

At 30 September 2023, the company had total commitments under non-cancellable operating leases over the remaining life of the those leases of £48,448 (2022: £917).

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
Mrs S A Shortland and Mr P Shortland
Balance outstanding at start of year 6,260 (4,107 )
Amounts advanced 30,826 22,136
Amounts repaid (50,300 ) (11,769 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (13,214 ) 6,260

TALKING SLIDES LTD (REGISTERED NUMBER: 07713582)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr P Shortland
Balance outstanding at start of year - (2,720 )
Amounts advanced - 4,557
Amounts repaid - (1,837 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mr M Nicholls
Balance outstanding at start of year 31,510 23,923
Amounts advanced 46,321 43,917
Amounts repaid (45,848 ) (36,330 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 31,983 31,510

Mrs T Nicholls
Balance outstanding at start of year 31,509 5,913
Amounts advanced 46,435 82,888
Amounts repaid (45,960 ) (57,292 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 31,984 31,509

Loans are unsecured, interest free and repayable on demand.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £118,446 (2022 - £11,769) were paid to the directors .

During the year the company repaid ESW Solutions Limited, a company with the same Directors, an amount of £57,225. The amount due from the company relating to this loan at the period end, is £28,993 (2022: £86,218).

The loan is unsecured, interest free and repayable on demand.

During the year there was a management charge received from ESW Solutions Ltd of £31,500 (2022: £211,920) a company that all directors are also directors of.