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REGISTERED NUMBER: 09302602 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

TALK THINK DO LIMITED

TALK THINK DO LIMITED (REGISTERED NUMBER: 09302602)

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










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


TALK THINK DO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







Directors: Mr M J Hammond
Ms L B Clayton
Mrs E J Hammond



Registered office: 20 West Borough
Wimborne
Dorset
BH21 1NF



Registered number: 09302602 (England and Wales)



Accountants: Kynance Ltd t/as England and Company
7 & 8 Church Street
Wimborne
Dorset
BH21 1JH



Bankers: HSBC

TALK THINK DO LIMITED (REGISTERED NUMBER: 09302602)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 96,721 157,116
Investments 5 887 -
97,608 157,116

Current assets
Debtors 6 433,264 383,715
Cash at bank 706,775 279,079
1,140,039 662,794
Creditors
Amounts falling due within one year 7 403,063 265,938
Net current assets 736,976 396,856
Total assets less current liabilities 834,584 553,972

Creditors
Amounts falling due after more than one year 8 (34,276 ) (50,447 )

Provisions for liabilities 11 (24,180 ) (30,338 )
Net assets 776,128 473,187

Capital and reserves
Called up share capital 12 200 100
Share option reserve 366 -
Retained earnings 775,562 473,087
Shareholders' funds 776,128 473,187

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

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

TALK THINK DO LIMITED (REGISTERED NUMBER: 09302602)

BALANCE SHEET - continued
30 NOVEMBER 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 comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





Mr M J Hammond - Director


TALK THINK DO LIMITED (REGISTERED NUMBER: 09302602)

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


1. Statutory information

TalkThink Do Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 09302602. The registered office and business address is 20 West Borough, Wimborne, Dorset, BH21 1NF.

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.

Preparation of consolidated financial statements
The financial statements contain information about Talk Think Do Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents amounts receivable, excluding value added tax, in respect of services provided in the ordinary course of business. Turnover is recognised when the service has been provided to the customer.

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.
Long leasehold - Straight line over 10 years
Office equipment - Straight line over 3 years
Fixtures and fittings - Straight line over 5 years
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

TALK THINK DO LIMITED (REGISTERED NUMBER: 09302602)

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

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

Share based payments
The cost and corresponding increase in equity in respect of equity-settled share-based payment transactions with employees are measured by reference to the fair value of equity instruments issued at the date of grant. Amounts are expensed on a straight line basis over the vesting period based on the estimate of shares that will eventually vest and adjusted for the effect of non market-based vesting conditions. The cost and fair value of the liability incurred in respect of cash-settled transactions is measured using an appropriate option pricing model with changes in fair value recognised in profit or loss for the period. Further detail is provided in the notes.

3. Employees and directors

The average number of employees during the year was 32 (2022 - 20 ) .

4. Tangible fixed assets
Fixtures
Long Office and
leasehold equipment fittings
£    £    £   
Cost
At 1 December 2022 17,152 34,224 12,392
Additions - 435 -
Disposals - - -
At 30 November 2023 17,152 34,659 12,392
Depreciation
At 1 December 2022 3,789 26,558 5,304
Charge for year 1,805 6,968 2,478
Eliminated on disposal - - -
At 30 November 2023 5,594 33,526 7,782
Net book value
At 30 November 2023 11,558 1,133 4,610
At 30 November 2022 13,363 7,666 7,088

TALK THINK DO LIMITED (REGISTERED NUMBER: 09302602)

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


4. Tangible fixed assets - continued

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 December 2022 135,867 81,890 281,525
Additions - 31,254 31,689
Disposals (83,122 ) - (83,122 )
At 30 November 2023 52,745 113,144 230,092
Depreciation
At 1 December 2022 38,384 50,374 124,409
Charge for year 15,066 22,042 48,359
Eliminated on disposal (39,397 ) - (39,397 )
At 30 November 2023 14,053 72,416 133,371
Net book value
At 30 November 2023 38,692 40,728 96,721
At 30 November 2022 97,483 31,516 157,116

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 December 2022
and 30 November 2023 52,745
Depreciation
At 1 December 2022 1,156
Charge for year 12,897
At 30 November 2023 14,053
Net book value
At 30 November 2023 38,692
At 30 November 2022 51,589

5. Fixed asset investments
Shares in
group
undertakings
£   
Cost
Additions 887
At 30 November 2023 887
Net book value
At 30 November 2023 887

TALK THINK DO LIMITED (REGISTERED NUMBER: 09302602)

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


6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 254,047 300,160
Other debtors 1,000 2,783
Directors' current accounts 97,746 57,496
Tax 18,643 18,643
Prepayments 61,828 4,633
433,264 383,715

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Hire purchase contracts (see note 9) 7,557 -
Trade creditors 4,602 13,494
Amounts owed to group undertakings 787 -
Tax 40,562 81,093
Social security and other taxes 48,629 33,422
VAT 218,260 130,509
Other creditors 11,394 7,420
Accruals and deferred income 71,272 -
403,063 265,938

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Hire purchase contracts (see note 9) 34,276 50,447

9. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 7,557 -
Between one and five years 34,276 50,447
41,833 50,447

Non-cancellable operating leases
2023 2022
£    £   
Within one year 30,009 19,095
Between one and five years 3,044 13,479
33,053 32,574

TALK THINK DO LIMITED (REGISTERED NUMBER: 09302602)

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


10. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 41,833 50,447

Amounts owing under hire purchase agreements are secured against the assets to which they relate.

11. Provisions for liabilities
2023 2022
£    £   
Deferred tax 24,180 30,338

Deferred
tax
£   
Balance at 1 December 2022 30,338
Credit to Income statement during year (6,158 )
Balance at 30 November 2023 24,180

12. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
190,000 Ordinary 'A' Shares 0.001 190 100
10,000 Ordinary 'B' Shares 0.001 10 -
200 100

The following shares were allotted and fully paid for cash at par during the year:

90,000 Ordinary 'A' Shares shares of 0.001 each
10,000 Ordinary 'B' Shares shares of 0.001 each

13. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
Mr M J Hammond
Balance outstanding at start of year 57,496 115,063
Amounts advanced 40,250 133
Amounts repaid - (57,700 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 97,746 57,496

At the balance sheet date the Director, Mr M Hammond, owed the company £97,746 (2022: £57,496). Of this balance £40,250 was repaid within 9 months of the year end.

TALK THINK DO LIMITED (REGISTERED NUMBER: 09302602)

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


14. Share-based payment transactions

The company operates a enterprise management incentive share options plan.

The options may only vest on the date on which an 'Exit' occurs or on the ninth anniversary of the grant date. An 'Exit' is defined in the option agreement as either a share sale, or an asset sale, or a listing.

Any options that have not been exercised on the tenth anniversary of the grant date automatically expire on that date.

If an option holder leaves the company and subject to the provisions in the option agreement, they may then be prohibited from exercising their option.

On exercise, all options are to be settled in full by the issue of equity in the company in the form of Ordinary 'B' shares. No restrictions will be attached to these shares.

Enterprise management incentive scheme option transactions in the year at 30 November 2023 were as follows:




At 1
December
2022

Granted in
the year

Forfeited in
the year
Exercised
during the
year
At 30
November
2023

Exercisable at 30
November 2023

Number-11,0001,000-10,000-

Weighted average exercise price (£)


-



0.33



-



-



0.33



-

At 30 November 2023, the directors do not consider it probable that an 'Exit' will occur within the service period of the option holders. As such, the share-based payments have been recognised over the 9 year vesting period on a straight line basis.

During the year, an expense of £345 for equity instruments has been recognised in the financial statements of the company. Total equity instruments as at 30 November 2023 of £366 (2021 - £0) are recognised in a 'Share option reserve' within Equity on the Statement of Financial Position.

The fair value of the equity instruments received in the year was measured by valuing the call price on the EMI options using the Black Scholes Option Pricing Model. As there is no observable market nor any recent transactions in the share options, this valuation method is considered to be the most appropriate to comply with the requirements of FRS102 s26.11.