2023-11-01 10990205 2024-10-31 10990205 2023-11-01 2024-10-31 10990205 2023-10-31 10990205 2022-11-01 2023-10-31 10990205 uk-core:WithinOneYear 2023-10-31 10990205 uk-core:WithinOneYear 2024-10-31 10990205 uk-core:AfterOneYear 2023-10-31 10990205 uk-core:AfterOneYear 2024-10-31 10990205 uk-core:ShareCapital 2024-10-31 10990205 uk-core:ShareCapital 2023-10-31 10990205 uk-core:RetainedEarningsAccumulatedLosses 2024-10-31 10990205 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 10990205 uk-bus:Director1 2023-11-01 2024-10-31 10990205 uk-core:ComputerEquipment 2023-11-01 2024-10-31 10990205 uk-core:WithinOneYear 2024-10-31 10990205 uk-core:WithinOneYear 2023-10-31 10990205 uk-core:AfterOneYear uk-core:Secured 2024-10-31 10990205 uk-core:AfterOneYear uk-core:Secured 2023-10-31 iso4217:GBP xbrli:pure 10990205 uk-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 10990205 uk-bus:FRS102 2023-11-01 2024-10-31 10990205 uk-bus:FilletedAccounts 2023-11-01 2024-10-31 10990205 uk-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31

Chatter Telecommunications Ltd

Registered Number:10990205

For the year ended 31 October 2024
England and Wales
Unaudited Financial Statements

2

Registered Number :

10990205

As at 31 October 2024

Chatter Telecommunications Ltd
Statement of Financial Position

£

£

2023
2024

Notes

Fixed assets

Property, plant and equipment

338
674
2
338
674

Current assets

Inventories

46,037
36,738
3

Trade and other receivables

32,587
36,561
4
73,299
78,624

Trade and other payables: amounts falling due within one
year

(80,002)
(96,561)
5
(1,378)
(23,262)
Net current liabilities

Total assets less current liabilities

(22,924)
(704)

Trade and other payables: amounts falling due after more
than one year

(12,011)
(4,441)
6
(27,365)
Net liabilities
(12,715)

Capital and reserves

Called up share capital

16,000
16,000

Retained earnings

(43,365)
(28,715)
(27,365)
(12,715)
Shareholders' funds

For the year ended 31 October 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 financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the
end of each financial year and of its profit or loss for each financial year in accordance with the requirements
of Section 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006
relating to financial statements, so far as applicable to the company.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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

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Registered Number :

10990205

For the year ended 31 October 2024
Chatter Telecommunications Ltd
Statement of Financial Position Continued

R P Long Director

These financial statements were approved and authorised for issue by the Board on 15 May 2025 and were signed by:

The notes form part of these financial statements

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For the year ended 31 October 2024
Chatter Telecommunications Ltd
Notes to the Financial Statements
Statutory Information

Chatter Telecommunications Ltd is a private limited company, limited by shares, domiciled in England and
Wales, registration number 10990205.

Registered address:

c/o Summit Bookkeeping Ltd
Bryn Awel, Brithdir
Dolgellau
Gwynedd
LL40 2RR

The presentation currency is £ sterling.

The principal activity of the company is that of suppliers of telecommunication systems and equipment.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1 A of 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.

Significant judgements and estimates

Going ConcernThe directors note the deficit on the Statement of Financial Position of £27,365 at 31 October 2024. The directors have provided personal guarantees to the company's bankers to secure an overdraft facility. Additionally, longer term bank finance has also been arranged and is secured under the UK government's business support scheme. At 31 October 2024, the company had net current liabilities of £23,262, including £20,607 owed to one of the directors. After making enquiries the directors have a reasonable expectation that the company has sufficient working capital to continue in operational existence for the foreseeable future and to meet its liabilities as they fall due. Accordingly, the financial statements have been prepared on the going concern basis.

Revenue recognition

Sales are measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. The company recognises revenue when the amount of revenue and related cost can be reliably measured and it is probable that the collectability of the related receivables is reasonably assured. Revenue from long-term service contracts is recognised when the services are rendered, using the percentage of completion method based on the actual service provided as a proportion of the total services to be performed.

Property, plant and equipment

Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

33% Straight line

Office Equipment
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For the year ended 31 October 2024
Chatter Telecommunications Ltd
Notes to the Financial Statements Continued
Inventories

Inventories include stock of goods and contract work in progress and are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Current Taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
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 income 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 Taxation

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in
the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the
reporting date and that are expected to apply to the reversal of the timing difference.

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.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar
debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are
presented as such in the Statement of Financial Position. Finance costs and gains or losses relating to financial
liabilities are included in the Income Statement. Finance costs are calculated so as to produce a constant rate
of return on the outstanding liability.

Where the contractual terms of share capital do not have any items meeting the definition of a financial
liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments
are debited direct to equity.

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For the year ended 31 October 2024
Chatter Telecommunications Ltd
Notes to the Financial Statements Continued
Related parties

For the purposes of these financial statements, a party is considered to be related to the company if:

(i) the party has the ability, directly or indirectly through one or more intermediaries, to control the
company or exercise significant influence over the company in making financial and operating policy decisions
or has joint control over the company;

(ii) the company and the party are subject to common control;

(iii) the party is an associate of the company or a joint venture in which the company is a venturer;

(iv) the party is a member of key management personnel of the company or a close family member of such
an individual or is an entity under the control, joint control or significant influence of such individuals;

(v) the party is a close family member of a party referred to in (i) above or is an entity under the control, joint
control or significant influence of such individuals;

(vi) the party is a post-employment benefit plan which is for the benefit of employees of the company or of
any entity that is a related party of the company; or

(vii) the party or any member of a group of which it is part, provides key management personnel services to
the company.

Close family members of an individual are those family members who may be expected to influence or be
influenced by that individual in their dealings with the entity.

2. Property, plant and equipment

Office
Equipment

£

Cost or
valuation

At 01 November 2023

2,140

At 31 October 2024

2,140

Provision for depreciation and impairment

At 01 November 2023

1,466
Charge for year
336

At 31 October 2024

1,802

At 31 October 2024

Net book value

338

At 31 October 2023

674

3. Inventories

2023
2024

£

£

Stocks

36,738
46,037

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For the year ended 31 October 2024
Chatter Telecommunications Ltd
Notes to the Financial Statements Continued

4. Trade and other receivables

2023
2024

£

£

Trade debtors

34,428
32,587

Prepayments and accrued income

2,120
-

Other debtors

13
-
32,587
36,561

5. Trade and other payables: amounts falling due within one year

2023
2024

£

£

Bank loans and overdraft

26,909
22,400

Trade creditors

39,549
38,744

Taxation and social security

3,639
4,530

Accruals and deferred income

5,857
6,014

Directors' loan accounts

20,607
5,005

Other creditors

-
3,309
96,561
80,002

6. Trade and other payables: amounts falling due after more than one year

2023
2024

£

£

Bank loans and overdraft

4,441
12,011

7. Related party transactions

Included in note 5 to the financial statements, trade and other payables: amounts falling due within one year,
are the following amounts owed by the company at 31 October 2024:

Amounts owed to a director - £20,607 (2003: £5,005).

8. Average number of persons employed

During the year the average number of employees was 0 (2023: 0)
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