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REGISTERED NUMBER: 09236080 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Talk Technology Limited

Talk Technology Limited (Registered number: 09236080)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Talk Technology Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J A Spreadborough
Mrs N J Berio





SECRETARY: Mrs J F Spreadborough





REGISTERED OFFICE: 1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY





REGISTERED NUMBER: 09236080 (England and Wales)





ACCOUNTANTS: Butt Miller
Chartered Accountants
1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY

Talk Technology Limited (Registered number: 09236080)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,213 3,652
Investments 5 13,414 13,414
15,627 17,066

CURRENT ASSETS
Stocks 6 77,420 63,147
Debtors 7 344,188 349,905
Cash at bank and in hand 3,661 16,187
425,269 429,239
CREDITORS
Amounts falling due within one year 8 (249,890 ) (243,559 )
NET CURRENT ASSETS 175,379 185,680
TOTAL ASSETS LESS CURRENT
LIABILITIES

191,006

202,746

CREDITORS
Amounts falling due after more than one
year

9

(114,421

)

(68,793

)

PROVISIONS FOR LIABILITIES (420 ) (694 )
NET ASSETS 76,165 133,259

CAPITAL AND RESERVES
Called up share capital 10,526 10,526
Retained earnings 65,639 122,733
SHAREHOLDERS' FUNDS 76,165 133,259

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Technology Limited (Registered number: 09236080)

Statement of Financial Position - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by:





J A Spreadborough - Director


Talk Technology Limited (Registered number: 09236080)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Talk Technology 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 (£).


The functional currency of the company is US Dollars.

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
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33.33% on cost and 25% on reducing balance
Computer equipment - 33.33% on cost

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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.

Talk Technology Limited (Registered number: 09236080)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leasing commitments
Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

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 the Income Statement in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 6,006 1,534 7,540
DEPRECIATION
At 1 January 2023 3,443 445 3,888
Charge for year 928 511 1,439
At 31 December 2023 4,371 956 5,327
NET BOOK VALUE
At 31 December 2023 1,635 578 2,213
At 31 December 2022 2,563 1,089 3,652

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 13,414
NET BOOK VALUE
At 31 December 2023 13,414
At 31 December 2022 13,414

6. STOCKS
2023 2022
£    £   
Stocks 77,420 63,147

Talk Technology Limited (Registered number: 09236080)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 38,424 76,369
Amounts owed by group undertakings 294,293 263,128
Other debtors 7,039 7,485
Other loans 2,923 2,923
Prepayments 1,509 -
344,188 349,905

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 141,918 51,240
Trade creditors 38,569 68,422
Amounts owed to group undertakings 100 100
Tax - 2,589
VAT 14,858 12,839
Other creditors 6,060 6,064
Director's current account 46,785 100,785
Accruals 1,600 1,520
249,890 243,559

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 110,254 39,087
Bank loans - 2-5 years 4,167 29,706
114,421 68,793

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
J A Spreadborough
Balance outstanding at start of year (100,785 ) (176,397 )
Amounts advanced 65,000 80,875
Amounts repaid (11,000 ) (5,263 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (46,785 ) (100,785 )

The loan is unsecured, interest free and repayable on demand.