REGISTERED NUMBER: 08939105 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

TALOS DESIGNS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M Taylor

REGISTERED OFFICE:

56 Wygate Road

Spalding

Lincolnshire

PE11 1NT

REGISTERED NUMBER:

08939105 (England and Wales)

ACCOUNTANTS:

Bewers Turner & Co LLP

Chartered Accountants

Portland House

11-13 Station Road

Kettering

Northamptonshire

NN15 7HH

FIXED ASSETS

Tangible assets

4

19,031

202,519

CURRENT ASSETS

Stocks

315,252

40,000

Debtors

5

349,437

190,111

Cash at bank

217,613

29,142

882,302

259,253

CREDITORS

Amounts falling due within one year

6

423,369

185,735

NET CURRENT ASSETS

458,933

73,518

TOTAL ASSETS LESS CURRENT LIABILITIES

477,964

276,037

CREDITORS

Amounts falling due after more than one year

7

(7,032

)

(17,361

)

PROVISIONS FOR LIABILITIES

(4,758

)

(38,745

)

NET ASSETS

466,174

219,931

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

466,074

219,831

SHAREHOLDERS' FUNDS

466,174

219,931

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th September 2025 and were signed by:

Mr M Taylor - Director

1.	STATUTORY INFORMATION

Talos Designs 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 the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 historic cost basis.

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

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

Financial instruments

The company is party to only basic financial instruments such as cash, trade debtors and creditors, and bank loans. Instruments such as trade debtors and creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

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 8 (2023 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1st October 2023

86,527

182,620

12,152

281,299

Additions

4,770

-

-

4,770

Disposals

-

(182,620

)

-

(182,620

)

At 30th September 2024

91,297

-

12,152

103,449

DEPRECIATION

At 1st October 2023

67,766

-

11,014

78,780

Charge for year

4,889

-

749

5,638

At 30th September 2024

72,655

-

11,763

84,418

NET BOOK VALUE

At 30th September 2024

18,642

-

389

19,031

At 30th September 2023

18,761

182,620

1,138

202,519

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

337,364

177,632

Other debtors

12,073

12,479

349,437

190,111

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,329

10,071

Trade creditors

58,998

34,846

Taxation and social security

121,807

51,141

Other creditors

232,235

89,677

423,369

185,735

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

7,032

17,361

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100