REGISTERED NUMBER: 09236080 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Talk Technology Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J A Spreadborough

Mrs N J Berio

SECRETARY:

Mrs J F Spreadborough

REGISTERED OFFICE:

1 Minster Court

Tuscam Way

Camberley

Surrey

GU15 3YY

REGISTERED NUMBER:

09236080 (England and Wales)

ACCOUNTANTS:

Butt Miller

Chartered Accountants

1 Minster Court

Tuscam Way

Camberley

Surrey

GU15 3YY

FIXED ASSETS

Tangible assets

4

812

2,213

Investments

5

13,414

13,414

14,226

15,627

CURRENT ASSETS

Stocks

6

35,710

77,420

Debtors

7

194,326

344,188

Cash at bank and in hand

440

3,661

230,476

425,269

CREDITORS

Amounts falling due within one year

8

(246,192

)

(249,890

)

NET CURRENT (LIABILITIES)/ASSETS

(15,716

)

175,379

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,490

)

191,006

CREDITORS

Amounts falling due after more than one year

9

(2,516

)

(114,421

)

PROVISIONS FOR LIABILITIES

(154

)

(420

)

NET (LIABILITIES)/ASSETS

(4,160

)

76,165

CAPITAL AND RESERVES

Called up share capital

10,526

10,526

Retained earnings

(14,686

)

65,639

SHAREHOLDERS' FUNDS

(4,160

)

76,165

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 29 September 2025 and were signed on its behalf by:

Mrs N J Berio - Director

1.	STATUTORY INFORMATION

Talk Technology 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 (£).

The functional currency of the company is US Dollars.

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

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

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

Fixtures and fittings

-

33.33% on cost and 25% on reducing balance

Computer equipment

-

33.33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leasing commitments

Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

Pension costs

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the Income Statement in the period to which they relate.

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

6,006

1,534

7,540

DEPRECIATION

At 1 January 2024

4,371

956

5,327

Charge for year

889

512

1,401

At 31 December 2024

5,260

1,468

6,728

NET BOOK VALUE

At 31 December 2024

746

66

812

At 31 December 2023

1,635

578

2,213

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

13,414

NET BOOK VALUE

At 31 December 2024

13,414

At 31 December 2023

13,414

6.

STOCKS

2024

2023

£

£

Stocks

35,710

77,420

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

28,441

38,424

Amounts owed by group undertakings

154,086

294,293

Other debtors

7,039

7,039

Other loans

2,923

2,923

Prepayments

1,837

1,509

194,326

344,188

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

139,147

141,918

Trade creditors

18,410

38,569

Amounts owed to group undertakings

100

100

VAT

11,073

14,858

Other creditors

5,997

6,060

Director's current account

69,785

46,785

Accruals

1,680

1,600

246,192

249,890

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

2,516

110,254

Bank loans - 2-5 years

-

4,167

2,516

114,421

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024

2023

£

£

J A Spreadborough

Balance outstanding at start of year

(46,785

)

(100,785

)

Amounts advanced

2,000

65,000

Amounts repaid

(25,000

)

(11,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(69,785

)

(46,785

)

The loan is unsecured, interest free and repayable on demand.