Registration number: 04289538

Talkwire Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 7

Talkwire Limited

(Registration number: 04289538)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	346,976	360,890
Current assets
Stocks		47,684	52,527
Debtors	5	864,175	1,573,146
Cash at bank and in hand		584,388	1,001,271
		1,496,247	2,626,944
Creditors: Amounts falling due within one year	6	(1,025,810)	(878,121)
Net current assets		470,437	1,748,823
Total assets less current liabilities		817,413	2,109,713
Creditors: Amounts falling due after more than one year	6	(61,104)	(75,241)
Provisions for liabilities		(76,302)	(79,569)
Net assets		680,007	1,954,903
Capital and reserves
Called up share capital	7	100	100
Retained earnings		679,907	1,954,803
Shareholders' funds		680,007	1,954,903

For the financial period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 December 2025 and signed on its behalf by:
 

......................................... Mrs H L Stenner Director

Talkwire Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2024 to 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Kingsbury Square
Melksham
Wiltshire
SN12 6HL

These financial statements were authorised for issue by the Board on 4 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current 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 taxable income.

Talkwire Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2024 to 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% per annum reducing balance basis
Motor vehicles	25% per annum reducing balance basis
Plant and machinery	25% per annum reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Talkwire Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2024 to 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Talkwire Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2024 to 31 March 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 38 (2024 - 40).

4	Tangible assets

	Office equipment  £	Motor vehicles  £	Plant and machinery £	Total £
Cost
At 1 December 2024	241,618	523,420	288,395	1,053,433
Additions	740	16,889	-	17,629
At 31 March 2025	242,358	540,309	288,395	1,071,062
Depreciation
At 1 December 2024	189,273	301,675	201,595	692,543
Charge for the period	4,424	19,886	7,233	31,543
At 31 March 2025	193,697	321,561	208,828	724,086
Carrying amount
At 31 March 2025	48,661	218,748	79,567	346,976
At 30 November 2024	52,345	221,745	86,800	360,890

5

Debtors

	2025 £	2024 £
Trade debtors	529,304	637,659
Prepayments	71,761	33,929
Other debtors	263,110	901,558
	864,175	1,573,146

Talkwire Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2024 to 31 March 2025

6

Creditors

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	43,154	45,872
Trade creditors		389,136	267,429
Taxation and social security		222,429	332,399
Accruals and deferred income		355,465	208,082
Other creditors		15,626	24,339
		1,025,810	878,121

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	61,104	75,241

Current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	43,154	45,872

Talkwire Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2024 to 31 March 2025

9	Related party transactions

Transactions with directors

2025	At 1 December 2024 £	Repayments by director £	At 31 March 2025 £
Loans to Mr N J Quinn	459,586	(459,586)	-
Loans to Mrs I P Shellard	441,973	(230,358)	211,615
	901,559	(689,944)	211,615

2024	At 1 December 2023 £	Advances to director £	Repayments by director £	At 30 November 2024 £
Loans to Mr N J Quinn	192,333	459,586	(192,333)	459,586
Loans to Mrs I P Shellard	175,108	441,973	(175,108)	441,973
	367,441	901,559	(367,441)	901,559

Interest has been charged on the above loans at a rate of 2.25% (2024 - 2.25%).