Acorah Software Products - Accounts Production 16.5.460 false true true 30 June 2024 1 July 2023 false 1 July 2024 30 June 2025 30 June 2025 09660808 Mr Rhodri Price Mr Simon Gibson Mr Jakub Srsen Mr Felix Winstone iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09660808 2024-06-30 09660808 2025-06-30 09660808 2024-07-01 2025-06-30 09660808 frs-core:CurrentFinancialInstruments 2025-06-30 09660808 frs-core:Non-currentFinancialInstruments 2025-06-30 09660808 frs-core:ComputerEquipment 2025-06-30 09660808 frs-core:ComputerEquipment 2024-07-01 2025-06-30 09660808 frs-core:ComputerEquipment 2024-06-30 09660808 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2025-06-30 09660808 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-07-01 2025-06-30 09660808 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-06-30 09660808 frs-core:PlantMachinery 2025-06-30 09660808 frs-core:PlantMachinery 2024-07-01 2025-06-30 09660808 frs-core:PlantMachinery 2024-06-30 09660808 frs-core:OtherReservesSubtotal 2025-06-30 09660808 frs-core:SharePremium 2025-06-30 09660808 frs-core:ShareCapital 2025-06-30 09660808 frs-core:RetainedEarningsAccumulatedLosses 2025-06-30 09660808 frs-bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 09660808 frs-bus:FilletedAccounts 2024-07-01 2025-06-30 09660808 frs-bus:SmallEntities 2024-07-01 2025-06-30 09660808 frs-bus:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 09660808 frs-bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 09660808 frs-bus:Director1 2024-07-01 2025-06-30 09660808 frs-bus:Director2 2024-07-01 2025-06-30 09660808 frs-bus:Director3 2024-07-01 2025-06-30 09660808 frs-bus:Director4 2024-07-01 2025-06-30 09660808 frs-countries:EnglandWales 2024-07-01 2025-06-30 09660808 2023-06-30 09660808 2024-06-30 09660808 2023-07-01 2024-06-30 09660808 frs-core:CurrentFinancialInstruments 2024-06-30 09660808 frs-core:Non-currentFinancialInstruments 2024-06-30 09660808 frs-core:OtherReservesSubtotal 2024-06-30 09660808 frs-core:SharePremium 2024-06-30 09660808 frs-core:ShareCapital 2024-06-30 09660808 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30
Registered number: 09660808
Talkative Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2025
Perspectives
Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09660808
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 9,000 12,000
Tangible Assets 5 7,048 3,170
16,048 15,170
CURRENT ASSETS
Debtors 6 445,647 270,215
Cash at bank and in hand 169,872 72,269
615,519 342,484
Creditors: Amounts Falling Due Within One Year 7 (1,286,751 ) (369,216 )
NET CURRENT ASSETS (LIABILITIES) (671,232 ) (26,732 )
TOTAL ASSETS LESS CURRENT LIABILITIES (655,184 ) (11,562 )
Creditors: Amounts Falling Due After More Than One Year 8 (77,624 ) (98,520 )
NET LIABILITIES (732,808 ) (110,082 )
CAPITAL AND RESERVES
Called up share capital 9 718 718
Share premium account 1,818,707 1,818,707
Other reserves 10,700 -
Profit and Loss Account (2,562,933 ) (1,929,507 )
SHAREHOLDERS' FUNDS (732,808) (110,082)
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For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Felix Winstone
Director
26 September 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Talkative Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09660808 . The registered office is Wesley Clover Innovation Centre Coldra Woods, Chepstow Road, Newport, NP18 2YB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
Change in Accounting Policy
During the current financial year, the company transitioned from preparing its financial statements under FRS 105 to FRS 102. This change in accounting policy has been applied retrospectively, and as a result, the comparative figures for the previous financial year have been restated to comply with the requirements of FRS 102.
Comparative Figures
The comparative figures for the previous financial year have been restated to reflect the change in accounting policy from FRS 105 to FRS 102. The impact of this restatement is a deferred tax asset addition in the prior year to comply with the change in accounting policy.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
The financial statements have been prepared on a going concern basis. At the reporting date, the Company was in a net liability position, however subsequent to year end, convertible loan notes were converted into equity, restoring a positive net asset position and significantly improving the Company’s financial stability.
The directors have prepared forecasts covering a period of at least 12 months from the date of approval of these financial statements. These incorporate the post-year-end equity conversion and reflect the Company’s strategic plans. Based on these forecasts, the directors have a reasonable expectation that the Company will have adequate resources to continue in operational existence for the foreseeable future.
The Company continues to benefit from the active support of its investors, who have demonstrated their commitment through the recent equity conversion and ongoing engagement with management. The directors consider this support to be a key factor underpinning the Company’s ability to pursue its growth strategy and meet its financial obligations.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Intellectual Property
Intangible assets are intellectual property. It is amortised to the profit and loss account over its estimated economic life of 5 years.
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2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33.3% RB
Computer Equipment 33.3% RB
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2024: 17)
19 17
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 July 2024 15,000
As at 30 June 2025 15,000
Amortisation
As at 1 July 2024 3,000
Provided during the period 3,000
As at 30 June 2025 6,000
Net Book Value
As at 30 June 2025 9,000
As at 1 July 2024 12,000
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5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 July 2024 342 10,225 10,567
Additions - 7,431 7,431
As at 30 June 2025 342 17,656 17,998
Depreciation
As at 1 July 2024 312 7,085 7,397
Provided during the period 30 3,523 3,553
As at 30 June 2025 342 10,608 10,950
Net Book Value
As at 30 June 2025 - 7,048 7,048
As at 1 July 2024 30 3,140 3,170
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 212,386 122,266
Other debtors 158,695 72,191
371,081 194,457
Due after more than one year
Other debtors 74,566 75,758
445,647 270,215
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 21,044 11,470
Bank loans and overdrafts 10,000 10,000
Other loans 820,072 -
Other creditors 375,549 260,498
Taxation and social security 60,086 87,248
1,286,751 369,216
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 999 10,833
Other creditors 76,625 87,687
77,624 98,520
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9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 718 718
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