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Company No: 11074705 (England and Wales)

THIS IS SPOKEN LTD

Unaudited Financial Statements
For the financial year ended 30 November 2023
Pages for filing with the registrar

THIS IS SPOKEN LTD

Unaudited Financial Statements

For the financial year ended 30 November 2023

Contents

THIS IS SPOKEN LTD

COMPANY INFORMATION

For the financial year ended 30 November 2023
THIS IS SPOKEN LTD

COMPANY INFORMATION (continued)

For the financial year ended 30 November 2023
DIRECTOR Mrs Katy Cole
REGISTERED OFFICE Somerset House
The Strand
London
WC2R 1LA
United Kingdom
COMPANY NUMBER 11074705 (England and Wales)
THIS IS SPOKEN LTD

BALANCE SHEET

As at 30 November 2023
THIS IS SPOKEN LTD

BALANCE SHEET (continued)

As at 30 November 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 39,198 29,262
39,198 29,262
Current assets
Debtors 4 238,445 320,666
Cash at bank and in hand 238,098 356,127
476,543 676,793
Creditors: amounts falling due within one year 5 ( 494,650) ( 678,230)
Net current liabilities (18,107) (1,437)
Total assets less current liabilities 21,091 27,825
Provision for liabilities 6 ( 9,547) ( 7,054)
Net assets 11,544 20,771
Capital and reserves
Called-up share capital 1 1
Profit and loss account 11,543 20,770
Total shareholders' funds 11,544 20,771

For the financial year ending 30 November 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of This is Spoken Ltd (registered number: 11074705) were approved and authorised for issue by the Director on 05 September 2024. They were signed on its behalf by:

Mrs Katy Cole
Director
THIS IS SPOKEN LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
THIS IS SPOKEN LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

This is Spoken Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Somerset House, The Strand, London, WC2R 1LA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in currencies other than Sterling have been translated to Sterling at the rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated to Sterling at the rate prevailing on the balance sheet date. Gains and losses arising from the translation of foreign currencies are dealt with in the profit and loss account.

Turnover

Turnover comprises the fair value of the consideration received or receivable for consultancy fees, speaker fees and expenses, and is recognised in the period the services are provided. Turnover is shown net of sales/value added tax and rebates.

Employee benefits

Defined contribution schemes
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all the employees the benefits relating to employee service in the current and prior periods.

Contributions to defined benefit contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 5 years straight line
Fixtures and fittings 10 years straight line
Office equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

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.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 7 9

3. Tangible assets

Vehicles Fixtures and fittings Office equipment Total
£ £ £ £
Cost
At 01 December 2022 0 27,163 12,605 39,768
Additions 6,545 7,820 1,487 15,852
At 30 November 2023 6,545 34,983 14,092 55,620
Accumulated depreciation
At 01 December 2022 0 6,014 4,492 10,506
Charge for the financial year 86 3,088 2,742 5,916
At 30 November 2023 86 9,102 7,234 16,422
Net book value
At 30 November 2023 6,459 25,881 6,858 39,198
At 30 November 2022 0 21,149 8,113 29,262

4. Debtors

2023 2022
£ £
Trade debtors 115,711 286,402
Other debtors 122,734 34,264
238,445 320,666

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 321,737 303,627
Taxation and social security 40,703 70,081
Other creditors 132,210 304,522
494,650 678,230

6. Deferred tax

2023 2022
£ £
At the beginning of financial year ( 7,054) ( 5,281)
Charged to the Profit and Loss Account ( 2,493) ( 1,773)
At the end of financial year ( 9,547) ( 7,054)

7. Related party transactions

Transactions with the entity's director

During the period, the company loaned £133,000 (2022 - £133) to the director and there was repayments of £525 (2022 - £27,000). The amount owed from the director at 30 November 2023 was £62,382 (2022 - amount due to director of £70,092). The loan is included in other debtors and is unsecured, interest free and repayable on demand.