Acorah Software Products - Accounts Production 16.3.350 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 01697797 Ms Maria Macleish iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01697797 2023-07-31 01697797 2024-07-31 01697797 2023-08-01 2024-07-31 01697797 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 01697797 frs-core:PlantMachinery 2023-08-01 2024-07-31 01697797 frs-core:RevaluationReserve 2023-07-31 01697797 frs-core:RevaluationReserve 2024-07-31 01697797 frs-core:ShareCapital 2024-07-31 01697797 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 01697797 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 01697797 frs-bus:AbridgedAccounts 2023-08-01 2024-07-31 01697797 frs-bus:SmallEntities 2023-08-01 2024-07-31 01697797 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 01697797 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 01697797 frs-bus:Director1 2023-08-01 2024-07-31 01697797 frs-bus:Director1 2023-07-31 01697797 frs-bus:Director1 2024-07-31 01697797 frs-countries:EnglandWales 2023-08-01 2024-07-31 01697797 2022-07-31 01697797 2023-07-31 01697797 2022-08-01 2023-07-31 01697797 frs-core:RevaluationReserve 2023-07-31 01697797 frs-core:ShareCapital 2023-07-31 01697797 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 01697797
Talman Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 July 2024
S J Walker & Co
Chartered Certified Accountants
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 01697797
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 319,299 327,624
319,299 327,624
CURRENT ASSETS
Stocks 104,198 108,940
Debtors 4,979 13,126
Cash at bank and in hand 5,678 9,874
114,855 131,940
Creditors: Amounts Falling Due Within One Year (483,019 ) (482,426 )
NET CURRENT ASSETS (LIABILITIES) (368,164 ) (350,486 )
TOTAL ASSETS LESS CURRENT LIABILITIES (48,865 ) (22,862 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (84,293 ) (84,293 )
NET LIABILITIES (133,158 ) (107,155 )
CAPITAL AND RESERVES
Called up share capital 5 30,000 30,000
Revaluation reserve 7 337,173 337,173
Profit and Loss Account (500,331 ) (474,328 )
SHAREHOLDERS' FUNDS (133,158) (107,155)
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 July 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Ms Maria Macleish
Director
17th April 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Talman Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01697797 . The registered office is 79 Wingletye Lane, Hornchurch, RM11 3AT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% on cost
Equipment 25% on reducing balance
2.4. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. 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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Total
£
Cost
As at 1 August 2023 421,886
As at 31 July 2024 421,886
...CONTINUED
Page 3
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Depreciation
As at 1 August 2023 94,262
Provided during the period 8,325
As at 31 July 2024 102,587
Net Book Value
As at 31 July 2024 319,299
As at 1 August 2023 327,624
Cost or valuation as at 31 July 2024 represented by:
Land & Property
Freehold Equipment Total
£ £ £
At cost 62,827 21,886 84,713
At valuation 337,173 - 337,173
400,000 21,886 421,886
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 30,000 30,000
6. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Ms Maria Macleish 1,329 1,702 1,329 - 1,702
The above loan is unsecured, interest free and repayable on demand.
7. Reserves
Revaluation Reserve
£
As at 1 August 2023 337,173
As at 31 July 2024 337,173
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8. Related Party Transactions
Mr R Graber is the main shareholder of Talman Ltd. He is also the main shareholder of Adeva SA, a company registered in Switzerland which is the main supplier to Talman Ltd.
The following transactions with Adeva SA occurred during the year ended 31st July 2024 :-
Purchase of stock for resale £nil (2023 £nil).
As at 31st July 2024 Talman Ltd owed Adeva SA £480,092 (2023 £480,092).
No interest was charged on the outstanding balance in the year ended 31st July 2024 (2023 £nil).
The director's loan account balance with the company as at 31st July 2024 was £1,702 (debit).
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