Company registration number 02591807 (England and Wales)
TALKING BUSINESS (SOUTHERN) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
TALKING BUSINESS (SOUTHERN) LIMITED
COMPANY INFORMATION
Director
G J McRoberts
Company number
02591807
Registered office
22 Wycombe End
Beaconsfield
Buckinghamshire
HP9 1NB
Accountants
Evelyn Partners (Thames Valley) Limited
22 Wycombe End
Beaconsfield
Buckinghamshire
HP9 1NB
TALKING BUSINESS (SOUTHERN) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
TALKING BUSINESS (SOUTHERN) LIMITED
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
19,848
29,814
Current assets
Stocks
8,622
14,243
Debtors
4
44,741
164,142
Cash at bank and in hand
55,007
63,192
108,370
241,577
Creditors: amounts falling due within one year
5
(141,128)
(155,987)
Net current (liabilities)/assets
(32,758)
85,590
Total assets less current liabilities
(12,910)
115,404
Creditors: amounts falling due after more than one year
6
(159,124)
(215,823)
Net liabilities
(172,034)
(100,419)
Capital and reserves
Called up share capital
7
5,000
5,000
Profit and loss reserves
(177,034)
(105,419)
Total equity
(172,034)
(100,419)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 18 March 2025
G J McRoberts
Director
Company registration number 02591807 (England and Wales)
TALKING BUSINESS (SOUTHERN) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information

Talking Business (Southern) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 22 Wycombe End, Beaconsfield, Buckinghamshire, HP9 1NB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements are prepared on the going concern basis. There is a reasonable expectation that the company will continue in operational existence for the foreseeable future with continued support from the director and shareholders.

1.3
Turnover

Turnover is measured at the fair value of the consideration received or receivable for the sale of goods and the rendering of services in the normal course of business, and is shown net of discounts and VAT.

 

Sale of goods

Revenue arises from the sale of equipment. Revenue 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.

 

Rendering of services

Revenue arises from the provision of engineering and maintenance services. Revenue is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
20% on cost
Motor vehicles
25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

TALKING BUSINESS (SOUTHERN) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 3 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ”Basic Financial Instruments” to all of its financial instruments.

 

Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Short term debtors are measured at transaction price less any provision for impairment. Loans receivable are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method, less any provision for impairment.

Basic financial liabilities

Short term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method.

1.8
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

TALKING BUSINESS (SOUTHERN) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
6
6
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023
109,820
Additions
1,332
At 31 March 2024
111,152
Depreciation and impairment
At 1 April 2023
80,006
Depreciation charged in the year
11,298
At 31 March 2024
91,304
Carrying amount
At 31 March 2024
19,848
At 31 March 2023
29,814
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
19,925
20,578
Other debtors
24,816
143,564
44,741
164,142
TALKING BUSINESS (SOUTHERN) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
53,196
49,335
Trade creditors
18,428
22,567
Taxation and social security
17,696
19,085
Other creditors
51,808
65,000
141,128
155,987

Included in other creditors are net obligations under finance lease and hire purchase contracts amounting to £3,503 (2023 - £3,503) which are secured by fixed charges on the assets concerned

6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
139,960
193,156
Other creditors
19,164
22,667
159,124
215,823

Included in other creditors are net obligations under finance lease and hire purchase contracts amounting to £19,164 (2023 - £22,567) which are secured by fixed charges on the assets concerned

7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary "A" shares of £1 each
4,498
4,498
4,498
4,498
Ordinary "B" shares of £1 each
500
500
500
500
Ordinary "C" shares of £1 each
2
2
2
2
5,000
5,000
5,000
5,000
8
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
Within one year
3,170
4,836
Between two and five years
1,090
4,260
4,260
9,096
TALKING BUSINESS (SOUTHERN) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
9
Directors' transactions

At balance sheet date the director owed the company £4,412 (2023 - £111,029). Interest of £1,305 (2023 - £2,423) was charged at a rate of 2.25% (2023 - 2%).

2024-03-312023-04-01false18 March 2025CCH SoftwareCCH Accounts Production 2024.100No description of principal activityG J McRobertsfalsefalse025918072023-04-012024-03-3102591807bus:Director12023-04-012024-03-3102591807bus:RegisteredOffice2023-04-012024-03-31025918072024-03-31025918072023-03-3102591807core:OtherPropertyPlantEquipment2024-03-3102591807core:OtherPropertyPlantEquipment2023-03-3102591807core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3102591807core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3102591807core:Non-currentFinancialInstrumentscore:AfterOneYear2024-03-3102591807core:Non-currentFinancialInstrumentscore:AfterOneYear2023-03-3102591807core:CurrentFinancialInstruments2024-03-3102591807core:CurrentFinancialInstruments2023-03-3102591807core:Non-currentFinancialInstruments2024-03-3102591807core:Non-currentFinancialInstruments2023-03-3102591807core:ShareCapital2024-03-3102591807core:ShareCapital2023-03-3102591807core:RetainedEarningsAccumulatedLosses2024-03-3102591807core:RetainedEarningsAccumulatedLosses2023-03-3102591807core:ShareCapitalOrdinaryShares2024-03-3102591807core:ShareCapitalOrdinaryShares2023-03-3102591807core:FurnitureFittings2023-04-012024-03-3102591807core:MotorVehicles2023-04-012024-03-31025918072022-04-012023-03-3102591807core:OtherPropertyPlantEquipment2023-03-3102591807core:OtherPropertyPlantEquipment2023-04-012024-03-3102591807core:WithinOneYear2024-03-3102591807core:WithinOneYear2023-03-3102591807bus:OrdinaryShareClass12023-04-012024-03-3102591807bus:OrdinaryShareClass22023-04-012024-03-3102591807bus:OrdinaryShareClass32023-04-012024-03-3102591807bus:OrdinaryShareClass12024-03-3102591807bus:OrdinaryShareClass12023-03-3102591807bus:OrdinaryShareClass22024-03-3102591807bus:OrdinaryShareClass22023-03-3102591807bus:OrdinaryShareClass32024-03-3102591807bus:OrdinaryShareClass32023-03-3102591807bus:OrdinaryShareClass12022-04-012023-03-3102591807bus:OrdinaryShareClass22022-04-012023-03-3102591807bus:OrdinaryShareClass32022-04-012023-03-3102591807core:BetweenTwoFiveYears2024-03-3102591807core:BetweenTwoFiveYears2023-03-3102591807bus:PrivateLimitedCompanyLtd2023-04-012024-03-3102591807bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-3102591807bus:FRS1022023-04-012024-03-3102591807bus:AuditExemptWithAccountantsReport2023-04-012024-03-3102591807bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP