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REGISTERED NUMBER: 11609285 (England and Wales)
















TALKDESK U.K. LIMITED

STRATEGIC REPORT,

REPORT OF THE DIRECTOR AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






TALKDESK U.K. LIMITED (REGISTERED NUMBER: 11609285)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Strategic Report 2

Report of the Director 3

Report of the Independent Auditors 5

Income Statement 8

Other Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Cash Flow Statement 12

Notes to the Cash Flow Statement 13

Notes to the Financial Statements 14


TALKDESK U.K. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: N Gerostathos





SECRETARY: Taylor Wessing Secretaries Limited





REGISTERED OFFICE: 5 New Street Square
LONDON
EC4A 3TW





REGISTERED NUMBER: 11609285 (England and Wales)





AUDITORS: BDO Northern Ireland
Statutory Auditor
Metro Building
1st Floor
6-9 Donegall Square South
Belfast
BT1 5JA

TALKDESK U.K. LIMITED (REGISTERED NUMBER: 11609285)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 JANUARY 2024


The director presents his strategic report for the year ended 31 January 2024.

REVIEW OF BUSINESS
We aim to present a balanced and comprehensive review of the development and performance of the business during the year and its position at the year end. Our review is consistent with the size and non-complex nature of the business and is written in the context of the risks and uncertainties we face.

The turnover in the year is £6,622,538 (2023: £11,733,397) which is an decrease of 44% on 2023. The gross profit margin has decreased to 15.7% compared with 20.3% in the prior year. Overall, after taking into consideration a reduction in administrative expenses of £1,105,419, this has led to the operating profit reducing to £403,043 (2023: £646,492).

PRINCIPAL RISKS AND UNCERTAINTIES
Financial Risk Management and Policies

The main financial risks of the company relate to foreign exchange and credit (in relation to trade receivables).

Foreign exchange risk

Currency risk management relating to transactional business, if significant, is dealt with through the use of foreign currency accounts.

Credit risk (trade receivables)

The company's credit risk is primarily attributable to trade receivables. The company regularly monitors the creditworthiness of its customers, adjusting credit policies, and limits as needed. The company reviews accounts receivable to estimate the potential of any account being uncollectible and establishes an allowance for doubtful accounts based upon factors surrounding the credit risk of specific customers, historical collection experience, and other relevant factors. Any accounts that are determined to be uncollectible are included in an allowance for doubtful accounts.The amounts presented in the balance sheet are net of allowances for doubtful debts.

KEY PERFORMANCE INDICATORS
We consider that our key financial performance indicators are those that communicate the financial performance and strength of the company as a whole, these being turnover, gross profit and operating profit.

FUTURE DEVELOPMENTS
The company's business will continue to be that of its principal activity.

ON BEHALF OF THE BOARD:





N Gerostathos - Director


28 October 2024

TALKDESK U.K. LIMITED (REGISTERED NUMBER: 11609285)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 JANUARY 2024


The director presents his report with the financial statements of the company for the year ended 31 January 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of providers of cloud-based contact software solutions.

DIVIDENDS
No dividends will be distributed for the year ended 31 January 2024.

DIRECTOR
N Gerostathos held office during the whole of the period from 1 February 2023 to the date of this report.

The director shown below was in office at 31 January 2024 but did not hold any interest in the Ordinary shares of £1 each at 1 February 2023 or 31 January 2024.

N Gerostathos

DISCLOSURE IN THE STRATEGIC REPORT
Disclosures required under S416(4) of the Companies Act 2006 are commented upon in the Strategic Report in accounting with S414C(11) as the director considers them to be of strategic importance to the company.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

TALKDESK U.K. LIMITED (REGISTERED NUMBER: 11609285)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 JANUARY 2024


AUDITORS
The auditors, BDO Northern Ireland, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





N Gerostathos - Director


28 October 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
TALKDESK U.K. LIMITED


Opinion

We have audited the financial statements of Talkdesk U.k. Limited (the 'company') for the year ended 31 January 2024 which comprise the income statement, other comprehensive income, balance sheet, statement of changes in equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

" give a true and fair view of the state of the company's affairs as at 31 January 2024 and of its profit for the year then ended;

" have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;

" have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Independence

We remain independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.


Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The director is responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
TALKDESK U.K. LIMITED

We have nothing to report in this regard.

Other Companies Act 2006 reporting

In our opinion, based on the work undertaken in the course of the audit:

" the information given in the strategic report and the report of the director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

" the strategic report and the report of the director have been prepared in accordance with applicable legal requirements.

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the director's report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

" adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

" the financial statements are not in agreement with the accounting records and returns; or

" certain disclosures of director's remuneration specified by law are not made; or

" we have not received all the information and explanations we require for our audit


Responsibilities of the director

As explained more fully in the director's responsibilities statement, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Extent to which the audit was capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and the regulatory framework applicable to the company and the industry in which it operates and considered the risk of acts by the company which were contrary to applicable laws and regulations, including fraud. These included but were not limited to compliance with Companies Act 2006 and FRS 102, "The Financial Reporting Standard applicable in the UK and Republic of Ireland".


REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
TALKDESK U.K. LIMITED

We focused on laws and regulations that could give rise to material misstatement in the financial statements. Our tests included but were not limited to:

agreement of the financial statement disclosures to underlying supporting documentation;

enquiries of management; and

considering the effectiveness of the control environment and monitoring compliance with laws and regulations.

We also communicated relevant identified laws and regulations and potential fraud risk to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from events and transactions reflected in the financial statements, the less likely we would become aware of it. As in all of our audits we addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the director that represented a risk of material misstatement due to fraud.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities is available on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities.

This description forms part of our auditor's report.

Use of our report

This report is made solely to the company's members, as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Nigel V W Harra (Senior Statutory Auditor)
for and on behalf of BDO Northern Ireland
Statutory Auditor
Metro Building
1st Floor
6-9 Donegall Square South
Belfast
BT1 5JA

28 October 2024

TALKDESK U.K. LIMITED (REGISTERED NUMBER: 11609285)

INCOME STATEMENT
FOR THE YEAR ENDED 31 JANUARY 2024

2024 2023
Notes £    £   

TURNOVER 3 6,622,538 11,733,397

Cost of sales 5,564,145 9,346,935
GROSS PROFIT 1,058,393 2,386,462

Administrative expenses 655,350 1,739,970
OPERATING PROFIT 5 403,043 646,492


Interest payable and similar expenses 6 2,388 -
PROFIT BEFORE TAXATION 400,655 646,492

Tax on profit 7 103,338 166,742
PROFIT FOR THE FINANCIAL YEAR 297,317 479,750

TALKDESK U.K. LIMITED (REGISTERED NUMBER: 11609285)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 JANUARY 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 297,317 479,750


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

297,317

479,750

TALKDESK U.K. LIMITED (REGISTERED NUMBER: 11609285)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 9,086 50,961

CURRENT ASSETS
Debtors 10 2,329,901 2,182,802
Cash at bank 234,544 207,814
2,564,445 2,390,616
CREDITORS
Amounts falling due within one year 11 931,969 1,089,375
NET CURRENT ASSETS 1,632,476 1,301,241
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,641,562

1,352,202

PROVISIONS FOR LIABILITIES 12 1,726 9,683
NET ASSETS 1,639,836 1,342,519

CAPITAL AND RESERVES
Called up share capital 13 1,000 1,000
Retained earnings 14 1,638,836 1,341,519
SHAREHOLDERS' FUNDS 1,639,836 1,342,519

The financial statements were approved by the director and authorised for issue on 28 October 2024 and were signed by:





N Gerostathos - Director


TALKDESK U.K. LIMITED (REGISTERED NUMBER: 11609285)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 February 2022 1,000 861,769 862,769

Changes in equity
Total comprehensive income - 479,750 479,750
Balance at 31 January 2023 1,000 1,341,519 1,342,519

Changes in equity
Total comprehensive income - 297,317 297,317
Balance at 31 January 2024 1,000 1,638,836 1,639,836

TALKDESK U.K. LIMITED (REGISTERED NUMBER: 11609285)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 JANUARY 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 186,579 85,188
Interest paid (2,388 ) -
Tax paid (160,804 ) (78,319 )
Net cash from operating activities 23,387 6,869

Cash flows from investing activities
Purchase of tangible fixed assets (1,238 ) (15,652 )
Sale of tangible fixed assets 4,581 -
Net cash from investing activities 3,343 (15,652 )

Increase/(decrease) in cash and cash equivalents 26,730 (8,783 )
Cash and cash equivalents at beginning of
year

2

207,814

216,597

Cash and cash equivalents at end of year 2 234,544 207,814

TALKDESK U.K. LIMITED (REGISTERED NUMBER: 11609285)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 JANUARY 2024


1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

2024 2023
£    £   
Profit before taxation 400,655 646,492
Depreciation charges 33,357 36,726
Loss on disposal of fixed assets 5,175 -
Finance costs 2,388 -
441,575 683,218
Increase in trade and other debtors (147,100 ) (568,980 )
Decrease in trade and other creditors (107,896 ) (29,050 )
Cash generated from operations 186,579 85,188

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 January 2024
31.1.24 1.2.23
£    £   
Cash and cash equivalents 234,544 207,814
Year ended 31 January 2023
31.1.23 1.2.22
£    £   
Cash and cash equivalents 207,814 216,597


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.2.23 Cash flow At 31.1.24
£    £    £   
Net cash
Cash at bank 207,814 26,730 234,544
207,814 26,730 234,544
Total 207,814 26,730 234,544

TALKDESK U.K. LIMITED (REGISTERED NUMBER: 11609285)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Talkdesk U.k. 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.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern
The company has generated profits before taxation of £400,655 (2023: £646,492) during the year and is in a net asset position. The company is reliant on trade and debt settlement from its parent company and has received confirmation that this will continue for the foreseeable future. On this basis the director believes that the financial statements should be prepared on a going concern basis.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

" Determining whether there are doubts over the recoverability of the company's intercompany debtors. Factors taken into consideration include trading performance and net asset position.

" Assessing the going concern position of the company. Factors taken into consideration include the forecasted performance of the company and group and the net asset position at the date of signing of the financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:

The director is of the opinion that no significant estimates were required in preparing the financial statements.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - Straight line over 3 years

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 balance sheet date.


TALKDESK U.K. LIMITED (REGISTERED NUMBER: 11609285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 profit or loss in the period to which they relate.

Cash and cash equivalents
Cash consists of cash on hand and demand deposits. There are no cash equivalents.

Other financial assets
Other financial assets, including other debtors, are initially measured at the undiscounted amount of cash receivable from that customer, which is normally the invoice price, and are subsequently measured at amortised cost less impairment, where there is objective evidence of an impairment.

Other financial liabilities
Trade and other creditors are measured at invoice price, unless payment is deferred beyond normal business terms or is financed at a rate of interest that is not market rate. In this case the arrangement constitutes a financing transaction, and the financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

2024 2023
£    £   
United Kingdom 28,170 -
United States of America 6,594,368 11,733,397
6,622,538 11,733,397

4. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 4,766,328 7,810,246
Social security costs 596,725 1,222,280
Other pension costs 201,092 314,409
5,564,145 9,346,935

TALKDESK U.K. LIMITED (REGISTERED NUMBER: 11609285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the year was as follows:
2024 2023

Sales and marketing 24 53
General and administration 7 12
Research and development 3 1
34 66

2024 2023
£    £   
Director's remuneration - -

5. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 33,357 36,726
Loss on disposal of fixed assets 5,175 -
Foreign exchange differences 1,396 8,138

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Other interest payable 2,388 -

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 111,294 162,738

Deferred tax (7,956 ) 4,004
Tax on profit 103,338 166,742

UK corporation tax has been charged at 24.03% (2023 - 19%).

TALKDESK U.K. LIMITED (REGISTERED NUMBER: 11609285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


7. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 400,655 646,492
Profit multiplied by the standard rate of corporation tax in the UK of
24.030% (2023 - 19%)

96,277

122,833

Effects of:
Expenses not deductible for tax purposes 6,055 7,730
Depreciation in excess of capital allowances 8,962 3,112
Adjustments to tax charge in respect of change in accounting policy - 29,063
Movement in deferred tax (7,956 ) 4,004
Total tax charge 103,338 166,742

The rate at which Corporation Tax has been charged for the year ended 31 January 2024 is 24.03% (2023: 19%).

8. AUDITORS' REMUNERATION

The auditors' remuneration for 2024 amounts to £25,000 (2023: £26,000)

9. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 February 2023 130,770
Additions 1,238
Disposals (93,101 )
At 31 January 2024 38,907
DEPRECIATION
At 1 February 2023 79,809
Charge for year 33,357
Eliminated on disposal (83,345 )
At 31 January 2024 29,821
NET BOOK VALUE
At 31 January 2024 9,086
At 31 January 2023 50,961

TALKDESK U.K. LIMITED (REGISTERED NUMBER: 11609285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,602 -
Amounts owed by group undertakings 2,229,097 2,057,744
Other debtors - 78,296
VAT 56,664 -
Prepayments and accrued income 30,538 46,762
2,329,901 2,182,802

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 13,720 61,523
Tax 113,683 163,193
Social security and other taxes 184,836 253,972
VAT - 16,212
Accruals and deferred income 619,730 594,475
931,969 1,089,375

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,726 9,683

Deferred
tax
£   
Balance at 1 February 2023 9,683
Provided during year (7,957 )
Balance at 31 January 2024 1,726

The deferred tax account consists of the tax effect of fixed asset timing differences.

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

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

TALKDESK U.K. LIMITED (REGISTERED NUMBER: 11609285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


14. RESERVES
Retained
earnings
£   

At 1 February 2023 1,341,519
Profit for the year 297,317
At 31 January 2024 1,638,836

15. ULTIMATE PARENT COMPANY

Talkdesk, Inc. (incorporated in USA ) is regarded by the director as being the company's ultimate parent company.

16. RELATED PARTY DISCLOSURES

Key management personnel compensation in 2024 was £nil (2023: £nil)