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REGISTERED NUMBER: 10779754 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Talkingbass Limited

Talkingbass Limited (Registered number: 10779754)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Talkingbass Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr M Smith



SECRETARY: Mrs G Smith



REGISTERED OFFICE: Unit 10 East Yar Trading Estate
East Yar Road
Sandown
PO36 9AX



REGISTERED NUMBER: 10779754 (England and Wales)



ACCOUNTANTS: Allegri & Co.
16c Sandown Road
Lake
Isle of Wight
PO36 9JP



BANKERS: Barclays
Business Direct
Processing Branch
High Street
Coventry
CV1 5QZ

Talkingbass Limited (Registered number: 10779754)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,390 4,520
Tangible assets 5 14,224 16,285
17,614 20,805

CURRENT ASSETS
Debtors 6 21,568 -
Cash at bank 6,978 13,238
28,546 13,238
CREDITORS
Amounts falling due within one year 7 45,563 29,265
NET CURRENT LIABILITIES (17,017 ) (16,027 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

597

4,778

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 595 4,776
SHAREHOLDERS' FUNDS 597 4,778

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 August 2024 and were signed by:





Mr M Smith - Director


Talkingbass Limited (Registered number: 10779754)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Talkingbass Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 11,300
AMORTISATION
At 1 June 2023 6,780
Charge for year 1,130
At 31 May 2024 7,910
NET BOOK VALUE
At 31 May 2024 3,390
At 31 May 2023 4,520

Talkingbass Limited (Registered number: 10779754)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 30,556
Additions 932
At 31 May 2024 31,488
DEPRECIATION
At 1 June 2023 14,271
Charge for year 2,993
At 31 May 2024 17,264
NET BOOK VALUE
At 31 May 2024 14,224
At 31 May 2023 16,285

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 21,568 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 44,664 28,358
Other creditors 899 907
45,563 29,265

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
Mr M Smith
Balance outstanding at start of year (9 ) (588 )
Amounts advanced 179,775 164,344
Amounts repaid (158,198 ) (163,765 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,568 (9 )