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REGISTERED NUMBER: 10418662 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Talk Ports Limited

Talk Ports Limited (Registered number: 10418662)

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 3


Talk Ports Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J A Spreadborough
Mrs N J Berio
M M Makki
M R Pervaiz





SECRETARY: J A Spreadborough





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





REGISTERED NUMBER: 10418662 (England and Wales)





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

Talk Ports Limited (Registered number: 10418662)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,874 6,323
Investments 5 33,760 33,760
35,634 40,083

CURRENT ASSETS
Stocks 6 45,187 121,591
Debtors 7 290,437 86,769
Cash at bank 49,235 10,152
384,859 218,512
CREDITORS
Amounts falling due within one year 8 (289,201 ) (291,469 )
NET CURRENT ASSETS/(LIABILITIES) 95,658 (72,957 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

131,292

(32,874

)

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 121,292 (42,874 )
131,292 (32,874 )

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.

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 Ports Limited (Registered number: 10418662)

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


1. STATUTORY INFORMATION

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

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (which is 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.

Revenue from services provided under contracts is recognised to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the statement of financial position date, turnover represents the value of the services provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and as part of creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Motor vehicles - 50% on cost
Computer equipment - 33.33% on cost

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

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

Work in progress is recognised in respect of costs incurred which are yet to be utilised in the performance of
revenue-earning contracts

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.


Talk Ports Limited (Registered number: 10418662)

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


2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 7,123 2,134 9,257
Additions - 173 173
Disposals - (1,373 ) (1,373 )
At 31 December 2023 7,123 934 8,057
DEPRECIATION
At 1 January 2023 2,078 856 2,934
Charge for year 3,561 1,061 4,622
Eliminated on disposal - (1,373 ) (1,373 )
At 31 December 2023 5,639 544 6,183
NET BOOK VALUE
At 31 December 2023 1,484 390 1,874
At 31 December 2022 5,045 1,278 6,323

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 33,760
NET BOOK VALUE
At 31 December 2023 33,760
At 31 December 2022 33,760

Talk Ports Limited (Registered number: 10418662)

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


6. STOCKS
2023 2022
£    £   
Stocks 45,187 101,901
Work in progress - 19,690
45,187 121,591

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 119,977 69,708
Amounts owed by group undertakings 148,612 -
VAT 21,848 17,061
290,437 86,769

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6 6,769
Amounts owed to group undertakings 287,465 280,156
Other creditors - 2,899
Accruals 1,730 1,645
289,201 291,469