Microtalk Europe Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 05317737

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		436,229		510,923
Tangible Assets	5		16,625		20,011

			452,854		530,934
CURRENT ASSETS
Debtors	6	511,064		316,897
Investments	7	1,882		-
Cash at bank and in hand		107,197		852,257

		620,143		1,169,154
Creditors: Amounts Falling Due Within One Year	8	(291,471 )		(526,489 )

NET CURRENT ASSETS (LIABILITIES)			328,672		642,665

TOTAL ASSETS LESS CURRENT LIABILITIES			781,526		1,173,599

Creditors: Amounts Falling Due After More Than One Year	9		(48,611 )		(90,278 )

NET ASSETS			732,915		1,083,321

CAPITAL AND RESERVES
Called up share capital	10		1,100		1,100
Profit and Loss Account			731,815		1,082,221

SHAREHOLDERS' FUNDS			732,915		1,083,321

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Microtalk Europe Limited

Balance Sheet (continued)

As At 31 December 2025

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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

Mr Paul Havel

Director

27/07/2026

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

1. General Information

Microtalk Europe Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05317737 . The registered office is Riverbank House, 1 Putney Bridge Approach, London, SW6 3JD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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.

2.3. Research and Development

Expenditure on the research phase of development costs are written off in the year, whilst development stage costs are capitalised where it is appropriate to recognise those costs as an asset, and amortised over an estimated economic life of 10 years.

2.4. 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	straight line cost over 4 years
Motor Vehicles	straight line cost over 8 years
Fixtures & Fittings	straight line cost over 4 years

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. 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 years 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.

...CONTINUED

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Microtalk Europe Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Taxation - continued

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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 4)

4. Intangible Assets

	Development Costs
	£
Cost
As at 1 January 2025	731,935

As at 31 December 2025	731,935

Amortisation
As at 1 January 2025	221,012
Provided during the period	74,694

As at 31 December 2025	295,706

Net Book Value
As at 31 December 2025	436,229

As at 1 January 2025	510,923

5. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 January 2025	84,971
Additions	5,202

As at 31 December 2025	90,173

Depreciation
As at 1 January 2025	64,960
Provided during the period	8,588

As at 31 December 2025	73,548

Net Book Value
As at 31 December 2025	16,625

As at 1 January 2025	20,011

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Microtalk Europe Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	215,415	80,553
Prepayments and accrued income	34,139	39,027
Other debtors	261,510	197,317

	511,064	316,897

7. Current Asset Investments

	2025	2024
	£	£
Shares in subsidiaries	1,882	-

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	50,123	103,964
Bank loans and overdrafts	41,667	41,667
Corporation tax	43,000	-
Other taxes and social security	28,123	15,242
Other creditors	71,470	240,479
Accruals and deferred income	57,088	125,137

	291,471	526,489

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

	2025	2024
	£	£
Bank loans	48,611	90,278

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,100	1,100

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Microtalk Europe Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

11. Related Party Transactions

During the reporting period, interim dividends of £500,000 (2024:£Nil) were declared payable to the parent company. The balance included within other creditors at the reporting date was £5,020 (2024: £179,804).

During the reporting period, a related party, Microtalk USA LLC a related party by common control, recharged costs of £24,222 (2024: £81,555). At the reporting date, included within other debtors was the balance of £6,379 (2024: debtor £11,168).

Included within other creditors at the reporting date was a balance of £9,601 (2024: £23,184) owed to Microtalk SME Limited, a related party by common control. During the reporting period, costs Microtalk SME Limited recharged costs of £nil (£2023: £68,000) and Microtalk Europe Limited's charged revenue of £42,621 for services and cost of sales hardware (2024: £Nil).

During the reporting period, a related party by common control, RSR Communications Limited, recharged costs of £11,561 (2024: £11,462).

During the reporting period, costs of £159,000 were incurred with Byte HK Limited, a Hong Kong company that is related by common control.

12. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking and controlling party is Microtalk Group Holdings Limited . Microtalk Group Holdings Limited was incorporated in England & Wales. Exemption from consolidation is claimed under S.399 of Companies Act 2006 and Section 9.3 of FRS 102 Section 1A.

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