Jabbatalk Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07260162

JABBATALK LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 October 2025

JABBATALK LIMITED

STATEMENT OF FINANCIAL POSITION

31 October 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	5	1,286	3,491
Tangible assets	6	246,433	218,048
Investments	7	10,050	10,050
		-----------	-----------
		257,769	231,589

Current assets

Stocks		61,253	69,281
Debtors	8	126,610	88,032
Cash at bank and in hand		8	11
		-----------	-----------
		187,871	157,324

Creditors: amounts falling due within one year	9	233,810	192,247
		-----------	-----------
Net current liabilities		45,939	34,923
		-----------	-----------
Total assets less current liabilities		211,830	196,666

Creditors: amounts falling due after more than one year	10	63,365	80,237

Provisions	56,901	54,512
	-----------	-----------
Net assets	91,564	61,917
	-----------	-----------

Capital and reserves

Called up share capital	11	600	600
Capital redemption reserve		300	300
Profit and loss account		90,664	61,017
		---------	---------
Shareholders funds		91,564	61,917
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

JABBATALK LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 October 2025

For the year ending 31 October 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 financial statements for the year in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 28 July 2026 , and are signed on behalf of the board by:

Mr S Brady	Mr A D Betts
Director	Director

Company registration number: 07260162

JABBATALK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 OCTOBER 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Ironworks, Warton Road, Carnforth, LA5 9EX, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current and deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the 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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and equipment	-	33% straight line
Fixtures and fittings	-	20% straight line
Motor vehicles	-	25% reducing balance

	Office equipment	-	20% straight line

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 9 (2024: 8 ).

5. Intangible assets

	Goodwill
	£

Cost
At 1 November 2024 and 31 October 2025	22,050
	---------
Amortisation
At 1 November 2024	18,559
Charge for the year	2,205
	---------
At 31 October 2025	20,764
	---------
Carrying amount
At 31 October 2025	1,286
	---------
At 31 October 2024	3,491
	---------

6. Tangible assets

Plant and equipment	Fixtures and fittings	Motor vehicles	Office equipment	Other assets	Total
£	£	£	£	£	£

Cost
At 1 Nov 2024	5,605	2,424	341,478	8,187	62,038	419,732
Additions	282	419	86,949	4,662	–	92,312
Disposals	( 141)	–	( 71,438)	–	–	( 71,579)
	--------	--------	-----------	---------	---------	-----------
At 31 Oct 2025	5,746	2,843	356,989	12,849	62,038	440,465
	--------	--------	-----------	---------	---------	-----------
Depreciation
At 1 Nov 2024	3,234	1,758	193,621	3,071	–	201,684
Charge for the year	1,203	343	41,168	1,979	–	44,693
Disposals	( 87)	–	( 52,258)	–	–	( 52,345)
	--------	--------	-----------	---------	---------	-----------
At 31 Oct 2025	4,350	2,101	182,531	5,050	–	194,032
	--------	--------	-----------	---------	---------	-----------
Carrying amount
At 31 Oct 2025	1,396	742	174,458	7,799	62,038	246,433
	--------	--------	-----------	---------	---------	-----------
At 31 Oct 2024	2,371	666	147,857	5,116	62,038	218,048
	--------	--------	-----------	---------	---------	-----------

7. Investments

	Other investments other than loans
	£

Cost
At 1 November 2024 and 31 October 2025	10,050
	---------
Impairment
At 1 November 2024 and 31 October 2025	–
	---------

Carrying amount
At 31 October 2025	10,050
	---------
At 31 October 2024	10,050
	---------

On 31st October 2019 the company purchased the total issued shareholding in 2SeeTV Limited at a cost of £10,050.

8. Debtors

	2025	2024
	£	£

Trade debtors	17,699	30,977
Prepayments and accrued income	16,534	13,800
Other debtors	92,377	43,255
	-----------	---------
	126,610	88,032
	-----------	---------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£

Bank loans and overdrafts	10,882	17,816
Trade creditors	81,708	28,712
Amounts owed to group undertakings	–	311
Accruals and deferred income	4,165	9,625
Corporation tax	12,693	29,301
Social security and other taxes	34,285	38,211
Obligations under finance leases and hire purchase contracts	80,064	55,154
Director loan accounts	1,179	4,116
Other creditors	8,834	9,001
	-----------	-----------
	233,810	192,247
	-----------	-----------

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£

Bank loans and overdrafts	–	6,249
Obligations under finance leases and hire purchase contracts	63,365	73,988
	---------	---------
	63,365	80,237
	---------	---------

11. Called up share capital

Issued, called up and fully paid

2025		2024
No.	£	No.	£

Ordinary shares of £ 1 each	600	600	600	600
	-----	-----	-----	-----

12. Directors' advances, credits and guarantees

13. Related party transactions

During the year the company traded with it's wholly owned subsidiary 2SeeTV Limited. All trading activities were conducted on a normal commercial basis.