Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 09660808 Mr Rhodri Price Mr Jakub Srsen Mr Felix Winstone Mr Simon Gibson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09660808 2023-06-30 09660808 2024-06-30 09660808 2023-07-01 2024-06-30 09660808 frs-core:CurrentFinancialInstruments 2024-06-30 09660808 frs-core:Non-currentFinancialInstruments 2024-06-30 09660808 frs-core:ComputerEquipment 2024-06-30 09660808 frs-core:ComputerEquipment 2023-07-01 2024-06-30 09660808 frs-core:ComputerEquipment 2023-06-30 09660808 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-06-30 09660808 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-07-01 2024-06-30 09660808 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-06-30 09660808 frs-core:PlantMachinery 2024-06-30 09660808 frs-core:PlantMachinery 2023-07-01 2024-06-30 09660808 frs-core:PlantMachinery 2023-06-30 09660808 frs-core:SharePremium 2024-06-30 09660808 frs-core:ShareCapital 2024-06-30 09660808 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 09660808 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09660808 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 09660808 frs-bus:SmallEntities 2023-07-01 2024-06-30 09660808 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09660808 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 09660808 frs-bus:Director1 2023-07-01 2024-06-30 09660808 frs-bus:Director2 2023-07-01 2024-06-30 09660808 frs-bus:Director3 2023-07-01 2024-06-30 09660808 frs-bus:Director4 2023-07-01 2024-06-30 09660808 frs-countries:EnglandWales 2023-07-01 2024-06-30 09660808 2022-06-30 09660808 2023-06-30 09660808 2022-07-01 2023-06-30 09660808 frs-core:CurrentFinancialInstruments 2023-06-30 09660808 frs-core:Non-currentFinancialInstruments 2023-06-30 09660808 frs-core:SharePremium 2023-06-30 09660808 frs-core:ShareCapital 2023-06-30 09660808 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 09660808
Talkative Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Perspectives
Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09660808
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 12,000 15,000
Tangible Assets 5 3,170 2,451
15,170 17,451
CURRENT ASSETS
Debtors 6 270,215 348,243
Cash at bank and in hand 72,269 13,841
342,484 362,084
Creditors: Amounts Falling Due Within One Year 7 (369,216 ) (493,642 )
NET CURRENT ASSETS (LIABILITIES) (26,732 ) (131,558 )
TOTAL ASSETS LESS CURRENT LIABILITIES (11,562 ) (114,107 )
Creditors: Amounts Falling Due After More Than One Year 8 (98,520 ) (123,422 )
NET LIABILITIES (110,082 ) (237,529 )
CAPITAL AND RESERVES
Called up share capital 9 718 624
Share premium account 1,818,707 1,282,916
Profit and Loss Account (1,929,507 ) (1,521,069 )
SHAREHOLDERS' FUNDS (110,082) (237,529)
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For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Felix Winstone
Director
30 August 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Talkative Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09660808 . The registered office is Wesley Clover Innovation Centre Coldra Woods, Chepstow Road, Newport, NP18 2YB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
Change in Accounting Policy
During the current financial year, the company transitioned from preparing its financial statements under FRS 105 to FRS 102. This change in accounting policy has been applied retrospectively, and as a result, the comparative figures for the previous financial year have been restated to comply with the requirements of FRS 102.
Comparative Figures
The comparative figures for the previous financial year have been restated to reflect the change in accounting policy from FRS 105 to FRS 102. The impact of this restatement is a deferred tax asset addition in the prior year to comply with the change in accounting policy.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Intellectual Property
Intangible assets are intellectual property. It is amortised to the profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33.3% RB
Computer Equipment 33.3% RB
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2023: 16)
17 16
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 July 2023 15,000
As at 30 June 2024 15,000
Amortisation
As at 1 July 2023 -
Provided during the period 3,000
As at 30 June 2024 3,000
Net Book Value
As at 30 June 2024 12,000
As at 1 July 2023 15,000
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5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 342 7,921 8,263
Additions - 2,304 2,304
As at 30 June 2024 342 10,225 10,567
Depreciation
As at 1 July 2023 297 5,515 5,812
Provided during the period 15 1,570 1,585
As at 30 June 2024 312 7,085 7,397
Net Book Value
As at 30 June 2024 30 3,140 3,170
As at 1 July 2023 45 2,406 2,451
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 122,266 145,321
Other debtors 72,191 144,889
194,457 290,210
Due after more than one year
Other debtors 75,758 58,033
270,215 348,243
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,470 8,953
Bank loans and overdrafts 10,000 10,000
Other creditors 260,498 285,858
Taxation and social security 87,248 188,831
369,216 493,642
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 10,833 20,833
Other creditors 87,687 102,589
98,520 123,422
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 718 624
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