General Information
Spoke Conversation Limited is a private company, limited by shares, registered in England and Wales, registration number 09375053, registration address Crosby Court, 28 George Street, Birmingham, B3 1QG.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
The Company has transferred the significant risks and rewards of ownership to the buyer
The Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
The amount of revenue can be measured reliably;
It is probable that the Company will receive the consideration due under the transaction; and
The costs incurred or to be incurred in respect of the transaction can be measured reliably.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Improvements to property |
20% Straight Line |
| Motor Vehicles |
15% Reducing Balance
|
| Fixtures and Fittings |
33% Straight Line
|
| Computer Equipment |
33% Straight Line
|
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Debtors and creditors receivable/ payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in the other administrative expenses.
Cash and cash equivalents
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
|
| 2. |
Average number of employees
Average number of employees during the year was 9 (2024 : 12).
|
| 3. |
Intangible fixed assets
| Cost |
Other |
|
Total |
| |
£ |
|
£ |
| At 01 April 2024 |
17,550 |
|
17,550 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 March 2025 |
17,550 |
|
17,550 |
| Amortisation |
| At 01 April 2024 |
16,815 |
|
16,815 |
| Charge for year |
735 |
|
735 |
| On disposals |
- |
|
- |
| At 31 March 2025 |
17,550 |
|
17,550 |
| Net book values |
| At 31 March 2025 |
- |
|
- |
| At 31 March 2024 |
735 |
|
735 |
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Motor Vehicles |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Improvements to property |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 April 2024 |
69,530 |
|
75,607 |
|
288,707 |
|
14,382 |
|
448,226 |
| Additions |
- |
|
6,466 |
|
44,079 |
|
- |
|
50,545 |
| Disposals |
(69,530) |
|
- |
|
- |
|
(10,566) |
|
(80,096) |
| At 31 March 2025 |
- |
|
82,073 |
|
332,786 |
|
3,816 |
|
418,675 |
| Depreciation |
| At 01 April 2024 |
2,607 |
|
53,133 |
|
201,225 |
|
5,821 |
|
262,786 |
| Charge for year |
10,039 |
|
18,654 |
|
57,565 |
|
763 |
|
87,021 |
| On disposals |
(12,646) |
|
- |
|
- |
|
(4,931) |
|
(17,577) |
| At 31 March 2025 |
- |
|
71,787 |
|
258,790 |
|
1,653 |
|
332,230 |
| Net book values |
| Closing balance as at 31 March 2025 |
- |
|
10,286 |
|
73,996 |
|
2,163 |
|
86,445 |
| Opening balance as at 01 April 2024 |
66,923 |
|
22,474 |
|
87,482 |
|
8,561 |
|
185,440 |
The net book value of Improvements to property includes £ 2,163 (2024 £8,561) in respect of assets leased under finance leases or hire purchase contracts.
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
270,002 |
|
250,076 |
| Other Debtors |
143,817 |
|
105,896 |
|
413,819 |
|
355,972 |
|
| 5. |
Debtors: amounts falling due after one year
|
2025
£ |
|
2024
£ |
| Other Debtors |
0 |
|
4,593 |
|
0 |
|
4,593 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
5,656 |
|
29,682 |
| Bank Loans & Overdrafts |
66,812 |
|
0 |
| Taxation and Social Security |
123,571 |
|
157,908 |
| Obligations under HP/Financial Leases |
16,764 |
|
5,489 |
| Other Creditors |
25,839 |
|
29,159 |
|
238,642 |
|
222,238 |
|
| 7. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts |
66,812 |
|
0 |
| Obligations under HP/Financial Leases |
7,231 |
|
58,521 |
|
74,043 |
|
58,521 |
|
| 8. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
50
Ordinary shares of £1.00 each |
50 |
|
50 |
|
50 |
|
50 |
|
| 9. |
Capital Redemption Reserve
|
2025
£ |
|
2024
£ |
| Purchase of Own Shares (Nominal Value) |
50 |
|
50 |
|
50 |
|
50 |
|
2
|