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Director
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02/06/2025
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Director
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for and on behalf of
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First Floor, Spitalfields House
Stirling Way
Borehamwood
Hertfordshire
WD6 2FX
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| 2023 | 2022 | |||
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| Notes | £ | £ | ||
| TURNOVER | 3 |
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| Cost of sales |
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| GROSS PROFIT |
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| Administrative expenses |
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| OPERATING PROFIT AND PROFIT BEFORE TAXATION |
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| Tax on Profit | 8 |
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| PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
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| OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
| TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
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| 2023 | 2022 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Investments | 9 |
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| CURRENT ASSETS | |||||
| Debtors | 10 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 11 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 12 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 822,653 | 350,163 | |||
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Director
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| Share Capital | Profit and Loss Account | Total | |
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| £ | £ | £ | |
| As at 1 January 2022 |
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350,163 |
| Profit for the year and total comprehensive income | - |
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| As at 31 December 2022 and 1 January 2023 |
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350,163 |
| Profit for the year and total comprehensive income | - |
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472,490 |
| As at 31 December 2023 |
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822,653 |
| 2023 | 2022 | ||
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| £ | £ | ||
| FX profit margin at remittance | 1,342,735 | 1,175,802 | |
| Management charges | - | 168,000 | |
| 1,342,735 | 1,343,802 | ||
| 2023 | 2022 | ||
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| £ | £ | ||
| Bad debts | 23,301 | 533 | |
| Research and Development Costs |
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| Amortisation of intangible fixed assets | - |
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| 2023 | 2022 | ||
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| £ | £ | ||
| Audit Services | |||
| Audit of the company's financial statements |
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| Other Services | |||
| Auditing accounts of associates |
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| 2023 | 2022 | ||
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| £ | £ | ||
| Wages and salaries | - |
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The tax charge on the profit for the year was as follows:
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| Tax Rate | 2023 | 2022 | |||
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| 2023 | 2022 | £ | £ | ||
| Current tax | |||||
| UK Corporation Tax | 25.0% | 19.0% |
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| Total tax charge for the period |
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The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
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| 2023 | 2022 | ||||
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| £ | £ | ||||
| Profit before tax | 474,164 | - | |||
| Tax on profit at 25% (UK standard rate) |
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| Goodwill/depreciation not allowed for tax |
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| Expenses not deductible for tax purposes |
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| Short term timing differences |
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| Group relief |
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| Total tax charge for the period | 1,674 | - | |||
| Unlisted | |
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| Cost | |
| As at 1 January 2023 |
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| Additions |
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| As at 31 December 2023 |
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| Provision | |
| As at 1 January 2023 |
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| As at 31 December 2023 |
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| Net Book Value | |
| As at 31 December 2023 |
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| As at 1 January 2023 |
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Capital and Reserves
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Profit/(loss)
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£
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£
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Talkremit Canada Inc
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(211,894)
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(211,953)
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| 2023 | 2022 | ||
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| £ | £ | ||
| Due within one year | |||
| Amounts owed by group undertakings | 466,598 | 16,014,345 | |
| Other debtors | 3,326,475 | 4,206,210 | |
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| 2023 | 2022 | ||
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| £ | £ | ||
| Trade creditors |
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| Amounts owed to group undertakings |
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| Other creditors | 59 | 21,366,589 | |
| Accruals and deferred income |
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