REGISTERED NUMBER: 05304452 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SPEECH LINK MULTIMEDIA LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P M McLeod

REGISTERED OFFICE:

Canterbury Innovation Centre

University Road

Canterbury

Kent

CT2 7FG

REGISTERED NUMBER:

05304452 (England and Wales)

ACCOUNTANTS:

Ackland Webb Ltd

Chartered Certified Accountants

Suite 1, First Floor

3 Jubilee Way

Faversham

Kent

ME13 8GD

FIXED ASSETS

Tangible assets

4

21,064

16,571

CURRENT ASSETS

Stocks

20,175

19,555

Debtors

5

344,571

311,712

Cash at bank and in hand

1,623,925

1,836,704

1,988,671

2,167,971

CREDITORS

Amounts falling due within one year

6

(204,851

)

(251,430

)

NET CURRENT ASSETS

1,783,820

1,916,541

TOTAL ASSETS LESS CURRENT LIABILITIES

1,804,884

1,933,112

ACCRUALS AND DEFERRED INCOME

(1,255,330

)

(1,219,082

)

NET ASSETS

549,554

714,030

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

549,552

714,028

549,554

714,030

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 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.

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 6 July 2025 and were signed by:

P M McLeod - Director

1.	STATUTORY INFORMATION

Speech Link Multimedia Ltd 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.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 31 (2023 - 28 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

42,105

Additions

11,884

Disposals

(1,179

)

At 31 December 2024

52,810

DEPRECIATION

At 1 January 2024

25,534

Charge for year

7,164

Eliminated on disposal

(952

)

At 31 December 2024

31,746

NET BOOK VALUE

At 31 December 2024

21,064

At 31 December 2023

16,571

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

195,914

184,400

Other debtors

148,657

127,312

344,571

311,712

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

15,390

10,986

Taxation and social security

178,658

229,524

Other creditors

10,803

10,920

204,851

251,430

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

P M McLeod

Balance outstanding at start of year

70,286

88,860

Amounts advanced

1,677

1,763

Amounts repaid

(2,337

)

(20,337

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

69,626

70,286

The loan was subject to interest at the official HM Revenue and Customs rate and is repayable on demand.