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REGISTERED NUMBER: 09359067 (England and Wales)















Financial Statements for the Year Ended 29 February 2024

for

FLEUR TELECOM LIMITED

FLEUR TELECOM LIMITED (REGISTERED NUMBER: 09359067)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FLEUR TELECOM LIMITED

Company Information
for the year ended 29 February 2024







DIRECTORS: A S Gill
N M Barnett
C N Barnett
D J Watson
M R Batty





REGISTERED OFFICE: Global House
60B Queen Street
Horsham
West Sussex
RH13 5AD





REGISTERED NUMBER: 09359067 (England and Wales)





AUDITORS: Feist Hedgethorne Limited
Statutory Auditors
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

FLEUR TELECOM LIMITED (REGISTERED NUMBER: 09359067)

Balance Sheet
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 170,441 -
Tangible assets 5 91,415 16,993
261,856 16,993

CURRENT ASSETS
Debtors 6 355,154 510,198
Cash at bank 372,658 63,284
727,812 573,482
CREDITORS
Amounts falling due within one year 7 (1,068,976 ) (1,610,777 )
NET CURRENT LIABILITIES (341,164 ) (1,037,295 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(79,308

)

(1,020,302

)

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (79,408 ) (1,020,402 )
SHAREHOLDERS' FUNDS (79,308 ) (1,020,302 )

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 28 November 2024 and were signed on its behalf by:





N M Barnett - Director


FLEUR TELECOM LIMITED (REGISTERED NUMBER: 09359067)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Fleur Telecom 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 presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest pound.

The principle place of business is Global House, 60B Queen Street, Horsham, West Sussex, RH13 5AD.

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.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements and estimates and these estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The items in the financial statements where these judgements and estimates have been made include the useful economic life of intangible and tangible fixed assets, the amortisation and depreciation of these asset and the recoverability of debtors.

Turnover
Revenue is measured at the fair value of the consideration received or receivable net of VAT and trade discounts, and is recognised as follows:

Revenue is recognised on a monthly basis for all calls and minutes, with advanced rentals for line and broadband deferred and recognised in the Profit and Loss in the relevant month.

Intangible assets
Customer acquisitions are capitalised at their fair value and are amortised over their useful economic life, which is 4 years.

Included within customer acquisitions are subscriber acquisition costs where they meet the criteria for capitalisation as an intangible asset, to the extent that they are supported by expected future cash inflows. These comprise the direct third-party costs of recruiting and retaining customers, net of incentives from network operators and provision for in-contract churn. They are amortised on a straight-line bases over the shorter of the customer life and the contractual period.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment-18 months on cost

Impairment
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

FLEUR TELECOM LIMITED (REGISTERED NUMBER: 09359067)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's financial statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension plan for its employees. A defined contribution pension plan is a pension plan under which the company pays contributions into a separate entity. Once the contributions have been paid, the company has no further obligations.

The contributions are recognised as an expense in the income statement when they fall due. Amounts owed but not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

3. EMPLOYEES AND DIRECTORS

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

FLEUR TELECOM LIMITED (REGISTERED NUMBER: 09359067)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

4. INTANGIBLE FIXED ASSETS
Customer
acquisition
£   
COST
At 1 March 2023 2,079,059
Additions 250,907
At 29 February 2024 2,329,966
AMORTISATION
At 1 March 2023 2,079,059
Amortisation for year 80,466
At 29 February 2024 2,159,525
NET BOOK VALUE
At 29 February 2024 170,441
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2023 86,081
Additions 122,957
At 29 February 2024 209,038
DEPRECIATION
At 1 March 2023 69,088
Charge for year 48,535
At 29 February 2024 117,623
NET BOOK VALUE
At 29 February 2024 91,415
At 28 February 2023 16,993

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 218,604 303,769
Amounts owed by group undertakings - 59,123
Other debtors 136,550 147,306
355,154 510,198

FLEUR TELECOM LIMITED (REGISTERED NUMBER: 09359067)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 15,876 -
Amounts owed to group undertakings 381,295 1,381,926
Taxation and social security 552,381 111,268
Other creditors 119,424 117,583
1,068,976 1,610,777

8. FINANCIAL INSTRUMENTS

Financial assets, liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

All ordinary shares rank equally with regard to the residual assets of the business.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

As the Directors' report and income statement have been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with section 444(5B) of the Companies Act 2006.

The audit report was unqualified.
The senior statutory auditor was Chris Morey.
The auditor was Feist Hedgethorne Limited.

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is TalkTalk Holdings Limited.

Fleur Telecom Limited is a subsidiary of TalkTalk Telecom Group Limited. The lowest group into which the results of the company are consolidated is that headed by TalkTalk Telecom Group Limited.

Copies of its consolidated financial statements can be obtained from the company's board of directors at TalkTalk Telecom Group Limited, Soapworks, Ordsall Lane, United Kingdom M5 3TT.

13. EQUITY RESERVE

Share capital - This represents the nominal value of shares that have been issued.

Retained earnings - Includes all current and prior period retained profits and losses.