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Registered number: 09139511
Speechtools Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Speechtools Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Speechtools Ltd
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 09139511

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 3 |  | 2,803 |  | 1,385
|  |  | 2,803 |  | 1,385
CURRENT ASSETS
Debtors | 4 | 15,914 |  | 11,169 |
Cash at bank and in hand |  | - |  | 2,105 |
|  | 15,914 |  | 13,274 |
Creditors: Amounts Falling Due Within One Year | 5 | (3,143 ) |  | (2,423 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 12,771 |  | 10,851
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 15,574 |  | 12,236
Creditors: Amounts Falling Due After More Than One Year | 6 |  | (222 ) |  | (1,651 )
NET ASSETS |  |  | 15,352 |  | 10,585
CAPITAL AND RESERVES
Called up share capital | 7 |  | 100 |  | 100
Profit and Loss Account |  |  | 15,252 |  | 10,485
SHAREHOLDERS' FUNDS |  |  | 15,352 |  | 10,585

Page 1
Page 2
Speechtools Ltd
Balance Sheet (continued)
As At 31 March 2025
For the year ending 31 March 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

G Brady Director
14/10/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Speechtools Ltd
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Speechtools Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09139511 . The registered office is Unit 2 Green Farm Business Park, Folly Road, Latteridge, Bristol, BS37 9TZ.
1.2. 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.
1.3. 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 | 25% straight line
Computer Equipment | 25% straight line

1.4. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Page 3
Page 4
Speechtools Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
1.5. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
3. Tangible Assets

| Plant & Machinery | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 April 2024 | 448 | 18,479 | 18,927
Additions | 232 | 2,275 | 2,507
As at 31 March 2025 | 680 | 20,754 | 21,434
Depreciation
As at 1 April 2024 | 448 | 17,094 | 17,542
Provided during the period | 58 | 1,031 | 1,089
As at 31 March 2025 | 506 | 18,125 | 18,631
Net Book Value
As at 31 March 2025 | 174 | 2,629 | 2,803
As at 1 April 2024 | - | 1,385 | 1,385

4. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 4,867 |  | 4,244
Other debtors | - |  | 1,891
Corporation tax recoverable assets | 5,261 |  | 5,034
Directors' loan accounts | 5,786 |  | -
| 15,914 |  | 11,169

Page 4
Page 5
Speechtools Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
5. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 2,741 |  | 1,491
Corporation tax | 170 |  | -
Other creditors | 232 |  | -
Directors' loan accounts | - |  | 932
| 3,143 |  | 2,423

6. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 222 |  | 1,651

7. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
100 Ordinary Shares of £ 1 each | 100 |  | 100

8. Ultimate Controlling Party
The company's ultimate controlling parties are G Brady and S Brady by virtue of their combined 100% share ownership.
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