Talestris Limited 07524434 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is management consultancy. Digita Accounts Production Advanced 6.30.9574.0 true 07524434 2023-03-01 2024-02-29 07524434 2024-02-29 07524434 core:RetainedEarningsAccumulatedLosses 2024-02-29 07524434 core:ShareCapital 2024-02-29 07524434 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2024-02-29 07524434 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 07524434 bus:SmallEntities 2023-03-01 2024-02-29 07524434 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 07524434 bus:FullAccounts 2023-03-01 2024-02-29 07524434 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 07524434 bus:RegisteredOffice 2023-03-01 2024-02-29 07524434 bus:Director1 2023-03-01 2024-02-29 07524434 bus:Director1 1 2023-03-01 2024-02-29 07524434 bus:Director2 2023-03-01 2024-02-29 07524434 bus:Director2 2 2023-03-01 2024-02-29 07524434 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 07524434 core:OfficeEquipment 2023-03-01 2024-02-29 07524434 countries:EnglandWales 2023-03-01 2024-02-29 07524434 2023-02-28 07524434 2022-03-01 2023-02-28 07524434 2023-02-28 07524434 core:RetainedEarningsAccumulatedLosses 2023-02-28 07524434 core:ShareCapital 2023-02-28 07524434 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2023-02-28 07524434 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 iso4217:GBP xbrli:pure

Registration number: 07524434

Talestris Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 29 February 2024

 

Talestris Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 4

 

Talestris Limited

(Registration number: 07524434)
Abridged Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

264,586

3,073

Other financial assets

5

166,806

166,806

 

431,392

169,879

Current assets

 

Debtors

34,084

222,008

Cash at bank and in hand

 

81,672

240,515

 

115,756

462,523

Creditors: Amounts falling due within one year

(38,391)

(124,444)

Net current assets

 

77,365

338,079

Total assets less current liabilities

 

508,757

507,958

Provisions for liabilities

(516)

-

Net assets

 

508,241

507,958

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

508,141

507,858

Total equity

 

508,241

507,958

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 26 November 2024 and signed on its behalf by:
 

Dr C Richards
Director

Mrs A Richards
Director

 
     
 

Talestris Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU
Somerset

These financial statements were authorised for issue by the Board on 26 November 2024.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity, and specific criteria have been met for each of the company's activities.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Tax

The tax expense for the period comprises current tax and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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.

 

Talestris Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% straight line

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2023 - 6).

 

Talestris Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

4

Tangible assets

Total
£

Cost or valuation

At 1 March 2023

12,549

Additions

262,339

At 29 February 2024

274,888

Depreciation

At 1 March 2023

9,477

Charge for the year

825

At 29 February 2024

10,302

Carrying amount

At 29 February 2024

264,586

At 28 February 2023

3,073

5

Other financial assets (current and non-current)

2024
£

2023
£

Non-current financial assets

Financial assets at cost less impairment

166,806

166,806

6

Related party transactions

Advances to directors


Dr C Richards

During the period Dr C Richards went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £90,763 (2023 - £236,545). At the year end the amount outstanding from Dr C Richards was £Nil (2023 - £). Interest has been charged at the commercial rate.


Mrs A Richards

During the period Mrs A Richards went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £90,763 (2023 - £236,545). At the year end the amount outstanding from Mrs A Richards was £Nil (2023 - £). Interest has been charged at the commercial rate.