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REGISTERED NUMBER: 08317225 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

TALK TELECOM LTD

TALK TELECOM LTD (REGISTERED NUMBER: 08317225)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Accountants' Report 2

Statement of Financial Position 3 to 4

Notes to the Financial Statements 5 to 8


TALK TELECOM LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTOR: Mr J A Halls





SECRETARY: Mrs S L C Halls





REGISTERED OFFICE: Unit 1 Lancaster Court
Coronation Road
Cressex Business Park
High Wycombe
Buckinghamshire
HP12 3TD





REGISTERED NUMBER: 08317225 (England and Wales)





ACCOUNTANTS: Seymour Taylor Limited
First Floor North
40 Oxford Road
High Wycombe
Buckinghamshire
HP11 2EE

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TALK TELECOM LTD


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Talk Telecom Ltd for the year ended 31 March 2025 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Talk Telecom Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Talk Telecom Ltd and state those matters that we have agreed to state to the director of Talk Telecom Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Talk Telecom Ltd and its director for our work or for this report.

It is your duty to ensure that Talk Telecom Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Talk Telecom Ltd. You consider that Talk Telecom Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Talk Telecom Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Seymour Taylor Limited
First Floor North
40 Oxford Road
High Wycombe
Buckinghamshire
HP11 2EE


9 June 2025

TALK TELECOM LTD (REGISTERED NUMBER: 08317225)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 25,000 25,000
Tangible assets 5 47,534 58,435
72,534 83,435

CURRENT ASSETS
Debtors 6 660,464 294,237
Cash at bank 1,732,594 1,644,477
2,393,058 1,938,714
CREDITORS
Amounts falling due within one year 7 740,395 614,057
NET CURRENT ASSETS 1,652,663 1,324,657
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,725,197

1,408,092

CREDITORS
Amounts falling due after more than one
year

8

(42,640

)

(51,728

)

PROVISIONS FOR LIABILITIES (398 ) (2,302 )
NET ASSETS 1,682,159 1,354,062

CAPITAL AND RESERVES
Called up share capital 9 200 200
Share premium 49,828 49,828
Retained earnings 1,632,131 1,304,034
SHAREHOLDERS' FUNDS 1,682,159 1,354,062

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

TALK TELECOM LTD (REGISTERED NUMBER: 08317225)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2025


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 director and authorised for issue on 9 June 2025 and were signed by:





Mr J A Halls - Director


TALK TELECOM LTD (REGISTERED NUMBER: 08317225)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Talk Telecom Ltd is a private company limited by shares and incorporated in England and Wales. The address of the company's registered office is Unit 1 Lancaster Court, Coronation Road, Cressex Business Park, High Wycombe, Bucks, HP12 3TD. The registered number is 08317225.

The presentation currency of these financial statements is Sterling (£), being the currency of the primary economic market in which the entity operates (its functional currency). All amounts in these financial statements have been rounded to the nearest pound unless stated otherwise.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

The director has reviewed and assessed the potential impact on the company over the next twelve months including the company's capital resources and considers that the company has adequate resources in place to continue in operation for at least twelve months from the date of approval of the financial statements.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The 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 both current and future periods.

The areas for which estimation has been applied are considered to be in calculating impairments and provisions. Although these areas are subject to judgement, they are not considered to be subject to significant estimation.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are measured at cost with no amortisation. The directors review for impairment annually and subsequently a provision is recognised if required.

TALK TELECOM LTD (REGISTERED NUMBER: 08317225)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


2. ACCOUNTING POLICIES - continued

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. The company assesses at each reporting date whether tangible fixed assets are impaired.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimate useful life:

Computer equipment - straight line - 25%
Motor vehicles - reducing balance - 25%

Depreciation methods, useful lives and residual values are reviewed if there is an indication of a significant change since the last annual reporting date in the pattern by which the company expects to consume an asset's future economic benefits.

Financial instruments
The company has applied the provisions of Section 11 "Basic Financial Instruments" and Section 12
"Other Financial Instrument Issues" of FRS 102 to its financial statements.

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Research expenditure is written off against profits in the year in which it is incurred. Where no distinction can be made between the research and development phase, the expenditure is recognised as if it were research costs and so is expensed during the year. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated, the company intends and has the technical ability and sufficient resources to complete development, the future economic benefits are probable and if the company can measure reliably the expenditure attributable to the intangible asset during its development.

TALK TELECOM LTD (REGISTERED NUMBER: 08317225)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Registration
number
£   
COST
At 1 April 2024
and 31 March 2025 25,000
NET BOOK VALUE
At 31 March 2025 25,000
At 31 March 2024 25,000

5. TANGIBLE FIXED ASSETS
Computer Motor
Equipment Vehicles Totals
£    £    £   
COST
At 1 April 2024 12,516 95,035 107,551
Additions 3,082 6,800 9,882
Disposals (4,571 ) - (4,571 )
At 31 March 2025 11,027 101,835 112,862
DEPRECIATION
At 1 April 2024 7,538 41,578 49,116
Charge for year 3,488 17,295 20,783
Eliminated on disposal (4,571 ) - (4,571 )
At 31 March 2025 6,455 58,873 65,328
NET BOOK VALUE
At 31 March 2025 4,572 42,962 47,534
At 31 March 2024 4,978 53,457 58,435

6. DEBTORS
31.3.25 31.3.24
£    £   
Amounts falling due within one year:
Trade debtors 182,159 53,388
Other debtors 371,784 131,628
553,943 185,016

TALK TELECOM LTD (REGISTERED NUMBER: 08317225)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


6. DEBTORS - continued
31.3.25 31.3.24
£    £   
Amounts falling due after more than one year:
Other debtors 106,521 109,221

Aggregate amounts 660,464 294,237

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts 9,088 9,088
Trade creditors 201,425 110,626
Taxation and social security 281,020 207,123
Other creditors 248,862 287,220
740,395 614,057

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts 42,640 51,728

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
200 Ordinary £1 200 200

10. TURNOVER

An analysis of turnover by geographical market is given below:
31.03.25 31.03.24
£ £
United Kingdom 5,049,476 4,881,639