Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31on-site logisticstrue2023-01-01false1819false 10720025 2023-01-01 2023-12-31 10720025 2022-01-01 2022-12-31 10720025 2023-12-31 10720025 2022-12-31 10720025 c:Director1 2023-01-01 2023-12-31 10720025 c:Director2 2023-01-01 2023-12-31 10720025 c:Director3 2023-01-01 2023-12-31 10720025 d:FurnitureFittings 2023-01-01 2023-12-31 10720025 d:FurnitureFittings 2023-12-31 10720025 d:FurnitureFittings 2022-12-31 10720025 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10720025 d:OfficeEquipment 2023-01-01 2023-12-31 10720025 d:OfficeEquipment 2023-12-31 10720025 d:OfficeEquipment 2022-12-31 10720025 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10720025 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 10720025 d:OtherPropertyPlantEquipment 2023-12-31 10720025 d:OtherPropertyPlantEquipment 2022-12-31 10720025 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10720025 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10720025 d:CurrentFinancialInstruments 2023-12-31 10720025 d:CurrentFinancialInstruments 2022-12-31 10720025 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10720025 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10720025 d:ShareCapital 2023-12-31 10720025 d:ShareCapital 2022-12-31 10720025 d:RetainedEarningsAccumulatedLosses 2023-12-31 10720025 d:RetainedEarningsAccumulatedLosses 2022-12-31 10720025 c:FRS102 2023-01-01 2023-12-31 10720025 c:Audited 2023-01-01 2023-12-31 10720025 c:FullAccounts 2023-01-01 2023-12-31 10720025 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10720025 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10720025 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 10720025










TALKE UK LTD










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
TALKE UK LTD
REGISTERED NUMBER: 10720025

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible fixed assets
 4 
5,777
7,710

  
5,777
7,710

Current assets
  

Debtors: amounts falling due within one year
 5 
397,040
309,102

Cash at bank and in hand
 6 
154,092
350,856

  
551,132
659,958

Creditors: amounts falling due within one year
 7 
(114,808)
(159,256)

Net current assets
  
 
 
436,324
 
 
500,702

Total assets less current liabilities
  
442,101
508,412

  

Net assets
  
442,101
508,412


Capital and reserves
  

Called up share capital 
  
270,000
270,000

Profit and loss account
  
172,101
238,412

  
442,101
508,412


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



A A Talke
C Grunert
Director
 
Date:
Director
 
Date:
Page 1

 
TALKE UK LTD
REGISTERED NUMBER: 10720025
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023



T Hill
Director




Date: 28 March 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
TALKE UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Talke UK Limited is a private company, limited by shares, incorporated in England and Wales. The registered office is C/O Hierons LLP, 28 Grosvenor Street (LG.02), London, W1K 4QR. 
The principal activity of the Company is the operation of warehousing and storage facilities.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and on a going concern basis in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in pounds sterling, the functional currency, rounded to the nearest £1.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
TALKE UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution pension plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
TALKE UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
5-10 years
Office equipment
-
3-7 years
Other fixed assets
-
5-15 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
TALKE UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
TALKE UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

  
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 18 (2022 - 19).

Page 7

 
TALKE UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Other fixed assets
Total

£
£
£
£



Cost 


At 1 January 2023
4,879
33,526
7,132
45,537



At 31 December 2023

4,879
33,526
7,132
45,537



Depreciation


At 1 January 2023
3,455
27,240
7,132
37,827


Charge for the year
633
1,300
-
1,933



At 31 December 2023

4,088
28,540
7,132
39,760



Net book value



At 31 December 2023
791
4,986
-
5,777



At 31 December 2022
1,424
6,286
-
7,710

Page 8

 
TALKE UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
160,328
213,669

Other debtors
765
765

Prepayments and accrued income
235,947
94,668

397,040
309,102



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
154,092
350,856

154,092
350,856



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
33,340
22,116

Amounts owed to group undertakings
1,146
50,490

Other taxation and social security
37,366
42,743

Other creditors
28,871
27,725

Accruals and deferred income
14,085
16,182

114,808
159,256



8.


Related party transactions

The Company has taken advantage of exemptions under FRS 102 paragraph 1AC.35 not to report transactions with other group members.


9.


Parent entity and Controlling party

The immediate parent company throughout the year was ALFRED TALKE Schiffahrtsgesellschaft mbH, a company incorporated in Germany. 
The ultimate parent company throughout the year was ALFRED TALKE GmbH & Co. KG, a company incorporated in Germany. 

Page 9

 
TALKE UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 18 April 2024 by Georgette Alicia Crisp BSc (Hons) FCA (Senior Statutory Auditor) on behalf of MHA.

 
Page 10