Company registration number 11769122 (England and Wales)
TALK EDUCATION LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
TALK EDUCATION LTD
COMPANY INFORMATION
Directors
Mr D J Goulandris
Mrs S M Whitmore
Mr J M Rose
Company number
11769122
Registered office
Petty France Farm
Petty France
Ledbury
HR8 1JG
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
HSBC Bank Plc
8 Canada Square
Canary Wharf
London
E14 5HQ
TALK EDUCATION LTD
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
TALK EDUCATION LTD
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF TALK EDUCATION LTD FOR THE YEAR ENDED 31 MARCH 2026
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Talk Education Ltd for the year ended 31 March 2026 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of Talk Education Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Talk Education Ltd and state those matters that we have agreed to state to the b oard of d irectors of Talk Education Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Talk Education Ltd and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Talk Education Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Talk Education Ltd. You consider that Talk Education Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Talk Education Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Ormerod Rutter Limited
29 June 2026
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
TALK EDUCATION LTD
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 2 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,655
2,069
Current assets
Debtors
4
75,651
80,987
Cash at bank and in hand
259,653
166,685
335,304
247,672
Creditors: amounts falling due within one year
5
(372,102)
(342,407)
Net current liabilities
(36,798)
(94,735)
Total assets less current liabilities
(35,143)
(92,666)
Creditors: amounts falling due after more than one year
6
(4,992)
(15,258)
Net liabilities
(40,135)
(107,924)
Capital and reserves
Called up share capital
8
16,501
16,501
Share premium account
366,500
366,500
Profit and loss reserves
(423,136)
(490,925)
Total equity
(40,135)
(107,924)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

TALK EDUCATION LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2026
31 March 2026
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 29 June 2026 and are signed on its behalf by:
Mrs S M Whitmore
Director
Company registration number 11769122 (England and Wales)
TALK EDUCATION LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 4 -
1
Accounting policies
Company information

Talk Education Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Petty France Farm, Petty France, Ledbury, HR8 1JG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements have been drawn up on the going concern basis. If the going concern basis were not appropriate, adjustments would have been made to reduce assets to recoverable amounts, to provide for any further liabilities that might arise, and to re-classify fixed assets as current assets and long term liabilities as current liabilities.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment
20% on reducing balance
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

TALK EDUCATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
8
9
TALK EDUCATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 6 -
3
Tangible fixed assets
Computer equipment
£
Cost
At 1 April 2025 and 31 March 2026
2,858
Depreciation and impairment
At 1 April 2025
789
Depreciation charged in the year
414
At 31 March 2026
1,203
Carrying amount
At 31 March 2026
1,655
At 31 March 2025
2,069
4
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
40,645
29,442
Other debtors
35,006
51,545
75,651
80,987
5
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
10,000
10,000
Trade creditors
3,610
21,920
Taxation and social security
20,861
9,991
Other creditors
337,631
300,496
372,102
342,407
6
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
4,992
15,258
TALK EDUCATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 7 -
7
Secured debts
The following secured debts are included within creditors:
2026
2025
£
£
Bank loans
14,992
25,258
Bank loans are secured by way of a government-backed guarantee.
8
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
16,501
16,501
16,501
16,501
9
Share-based payment transactions

The company has issued share options under an Enterprise Management Incentive scheme to certain key employees. The scheme is an equity settled scheme and options granted under the scheme have a maximum life of ten years.

The key terms and conditions relating to the options issued within Talk Education Limited under the scheme are as follows:

Number of options
Weighed average exercise price (£)
Vesting conditions
Contractual life of options
1,154
11.55
Vesting conditions in the event of an exit.
10 years from grant date
At the discretion of the Board of Directors
10
Ultimate controlling party

There is no ultimate controlling party.

2026-03-31 2025-04-01 false false false 29 June 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr D J Goulandris Mrs S M Whitmore Mr J M Rose 11769122 2025-04-01 2026-03-31 11769122 bus:Director1 2025-04-01 2026-03-31 11769122 bus:Director2 2025-04-01 2026-03-31 11769122 bus:Director3 2025-04-01 2026-03-31 11769122 bus:RegisteredOffice 2025-04-01 2026-03-31 11769122 bus:Agent1 2025-04-01 2026-03-31 11769122 2026-03-31 11769122 2025-03-31 11769122 core:ComputerEquipment 2026-03-31 11769122 core:ComputerEquipment 2025-03-31 11769122 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 11769122 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 11769122 core:Non-currentFinancialInstruments core:AfterOneYear 2026-03-31 11769122 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 11769122 core:CurrentFinancialInstruments 2026-03-31 11769122 core:CurrentFinancialInstruments 2025-03-31 11769122 core:ShareCapital 2026-03-31 11769122 core:ShareCapital 2025-03-31 11769122 core:SharePremium 2026-03-31 11769122 core:SharePremium 2025-03-31 11769122 core:RetainedEarningsAccumulatedLosses 2026-03-31 11769122 core:RetainedEarningsAccumulatedLosses 2025-03-31 11769122 core:ShareCapitalOrdinaryShareClass1 2026-03-31 11769122 core:ShareCapitalOrdinaryShareClass1 2025-03-31 11769122 core:ComputerEquipment 2025-04-01 2026-03-31 11769122 2024-04-01 2025-03-31 11769122 core:ComputerEquipment 2025-03-31 11769122 core:Non-currentFinancialInstruments 2026-03-31 11769122 core:Non-currentFinancialInstruments 2025-03-31 11769122 bus:OrdinaryShareClass1 2025-04-01 2026-03-31 11769122 bus:OrdinaryShareClass1 2026-03-31 11769122 bus:OrdinaryShareClass1 2025-03-31 11769122 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 11769122 bus:FRS102 2025-04-01 2026-03-31 11769122 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 11769122 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 11769122 bus:FullAccounts 2025-04-01 2026-03-31 xbrli:pure xbrli:shares iso4217:GBP