Registered number
09300485
SUCCESS TALKS LTD
Filleted Accounts
30 November 2023
SUCCESS TALKS LTD
Registered number: 09300485
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 518 647
Current assets
Cash at bank and in hand 908 19,052
Creditors: amounts falling due within one year 4 (3,434) (13,807)
Net current (liabilities)/assets (2,526) 5,245
Net (liabilities)/assets (2,008) 5,892
Capital and reserves
Called up share capital 100 100
Profit and loss account (2,108) 5,792
Shareholders' funds (2,008) 5,892
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Dennis Owusu-Sem
Director
Approved by the board on 2 August 2024
SUCCESS TALKS LTD
Notes to the Accounts
for the year ended 30 November 2023
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Foreign currency translation
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 1,761
At 30 November 2023 1,761
Depreciation
At 1 December 2022 1,114
Charge for the year 129
At 30 November 2023 1,243
Net book value
At 30 November 2023 518
At 30 November 2022 647
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 236 4,111
Other creditors 3,198 9,696
3,434 13,807
5 Other information
SUCCESS TALKS LTD is a private company limited by shares and incorporated in England. Its registered office is:
63 Whitehall Lane
Buckhurst Hill
Essex
IG9 5JG
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