ACCOUNTS - Final Accounts

Registered number: 03175422

TALISMAN SOFTWARE LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025


TALISMAN SOFTWARE LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 6


TALISMAN SOFTWARE LIMITED REGISTERED NUMBER:03175422

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		-		230
			-		230
Current assets
Debtors: amounts falling due within one year	5	4,230		92,399
Cash at bank and in hand		24,356		4,889
		28,586		97,288
Creditors: amounts falling due within one year	6	(20,670)		(65,431)
Net current assets			7,916		31,857
Total assets less current liabilities			7,916		32,087

Net assets			7,916		32,087

Capital and reserves
Called up share capital	7	5,000	5,000
Profit and loss account		2,916	27,087
		7,916	32,087

Page 1


TALISMAN SOFTWARE LIMITED REGISTERED NUMBER:03175422

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

M Silver

Director

Date: 1 July 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2


TALISMAN SOFTWARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Talisman Software Limited is limited liability company incorporated in England and Wales with its registered office at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The principal activity of the company is that of computer software development.

The company ceased trading on 31 March 2025.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The accounts have been prepared on the assumption that the company is able to carry on business as a going concern. The director considers that this is appropriate as he will support the company by way of loans if necessary in order to enable it to continue trading for the forseeable future.

2.3

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the period, exclusive of Value Added Tax and trade discounts.

2.4

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 provided on the following basis:

Fixtures & fittings

25%

reducing balance

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 Statement of Comprehensive Income.

2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

Page 3


TALISMAN SOFTWARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

2.7

Creditors

Short term creditors are measured at the transaction price.

2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

Page 4


TALISMAN SOFTWARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Tangible fixed assets

		Fixtures & fittings
		£

	At 1 April 2024	30,282
	Disposals	(30,282)
	At 31 March 2025	-

	At 1 April 2024	30,052
	Disposals	(30,052)
	At 31 March 2025	-
	Net book value
	At 31 March 2025	-
	At 31 March 2024	230

Page 5


TALISMAN SOFTWARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Trade debtors	-	92,399
Other debtors	4,230	-
	4,230	92,399

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	-	44,789
Other taxation and social security	-	16,709
Other creditors	17,945	1,808
Accruals and deferred income	2,725	2,125
	20,670	65,431

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

5,000 (2024 - 5,000) Ordinary shares of £1 each	5,000	5,000

Page 6