REGISTERED NUMBER: 12572424 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

KONVERSATIONAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

J Gilleran

R J Guy

Registered office:

C/O Rock Tax & Accounting

Elm House

Shackleford Road, Elstead

Godalming

Surrey

GU8 6LB

Registered number:

12572424 (England and Wales)

Accountants:

Rock Tax & Accounting

Elm House, Tanshire Park

Shackleford Road

Elstead

Godalming

Surrey

GU8 6LB

Fixed assets

Tangible assets

4

12,057

9,877

Current assets

Debtors

5

35,518

1,062,836

Cash at bank and in hand

686,470

2,801

721,988

1,065,637

Creditors

Amounts falling due within one year

6

647,294

1,039,082

Net current assets

74,694

26,555

Total assets less current liabilities

86,751

36,432

Provisions for liabilities

7

3,014

-

Net assets

83,737

36,432

Capital and reserves

Called up share capital

8

100

100

Retained earnings

9

83,637

36,332

Shareholders' funds

83,737

36,432

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 16 September 2025 and were signed on its behalf by:

R J Guy - Director

1.	Statutory information

Konversational Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is pound sterling (£) and the level of rounding is the nearest £1.

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.

Turnover

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

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a straight line and reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment - 33% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Profit and loss account.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs

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.

Financial instruments

The company has entered into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like other debtors, creditors and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is fund, an impairment loss is recognised in the profit and loss.

Debtors

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

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors

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

3.	Employees and directors

The average number of employees during the year was 13 (2023 - 13 ) .

4.	Tangible fixed assets

Computer

equipment

£

Cost

At 1 January 2024

22,637

Additions

8,416

At 31 December 2024

31,053

Depreciation

At 1 January 2024

12,760

Charge for year

6,236

At 31 December 2024

18,996

Net book value

At 31 December 2024

12,057

At 31 December 2023

9,877

5.

Debtors: amounts falling due within one year

31.12.24

31.12.23

£

£

Trade debtors

-

1,051,515

Other debtors

35,518

11,321

35,518

1,062,836

6.

Creditors: amounts falling due within one year

31.12.24

31.12.23

£

£

Trade creditors

12,784

47,189

Taxation and social security

108,727

61,818

Other creditors

525,783

930,075

647,294

1,039,082

7.	Provisions for liabilities

31.12.24

31.12.23

£

£

Deferred tax

3,014

-

Deferred tax

£

Provided during year

3,014

Balance at 31 December 2024

3,014

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100

Shares have attached to them full voting, dividend and capital distribution rights.

9.

Reserves

Retained

earnings

£

At 1 January 2024

36,332

Profit for the year

47,305

At 31 December 2024

83,637

Share Capital

Share capital represents the nominal value of equity shares.

Retained earnings

Retained earnings include all current and prior period retained profits and losses.