Talkative Ltd

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

Registered number: 09660808

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		6,000		9,000
Tangible Assets	5		7,629		7,048

			13,629		16,048
CURRENT ASSETS
Debtors	6	611,732		445,647
Cash at bank and in hand		52,988		169,872

		664,720		615,519
Creditors: Amounts Falling Due Within One Year	7	(885,149 )		(1,286,751 )

NET CURRENT ASSETS (LIABILITIES)			(220,429 )		(671,232 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(206,800 )		(655,184 )

Creditors: Amounts Falling Due After More Than One Year	8		(52,859 )		(77,624 )

NET LIABILITIES			(259,659 )		(732,808 )

CAPITAL AND RESERVES
Called up share capital	9		841		718
Share premium account			2,849,473		1,818,707
Other reserves			-		10,700
Profit and Loss Account			(3,109,973 )		(2,562,933 )

SHAREHOLDERS' FUNDS			(259,659)		(732,808)

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Talkative Ltd

Balance Sheet (continued)

As At 30 June 2026

For the year ending 30 June 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The directors acknowledge their 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 Felix Winstone

Director

28 July 2026

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

1. General Information

Talkative Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09660808 . The registered office is Wesley Clover Innovation Centre Coldra Woods, Chepstow Road, Newport, NP18 2YB.

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.

Change in Accounting Policy

During the current financial year, the company transitioned from preparing its financial statements under FRS 105 to FRS 102. This change in accounting policy has been applied retrospectively, and as a result, the comparative figures for the previous financial year have been restated to comply with the requirements of FRS 102.

Comparative Figures

The comparative figures for the previous financial year have been restated to reflect the change in accounting policy from FRS 105 to FRS 102. The impact of this restatement is a deferred tax asset addition in the prior year to comply with the change in accounting policy.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

The financial statements have been prepared on a going concern basis. The directors have prepared forecasts covering a period of at least 12 months from the date of approval of these financial statements. These incorporate ongoing proposed investment and reflect the Company’s strategic plans. Based on these forecasts, the directors have a reasonable expectation that the Company will have adequate resources to continue in operational existence for the foreseeable future.

The Company continues to benefit from the active support of its investors, who have demonstrated their commitment through the recent equity conversion and ongoing engagement with management. The directors consider this support to be a key factor underpinning the Company’s ability to pursue its growth strategy and meet its financial obligations.

2.3. 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.

2.4. Intangible Fixed Assets and Amortisation - Intellectual Property

Intangible assets are intellectual property. It is amortised to the profit and loss account over its estimated economic life of 5 years.

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Talkative Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

2.5. 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	33.3% RB
Computer Equipment	33.3% RB

2.6. 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.

2.7. 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.

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: 20 (2025: 19)

4. Intangible Assets

	Intellectual Property
	£
Cost
As at 1 July 2025	15,000

As at 30 June 2026	15,000

Amortisation
As at 1 July 2025	6,000
Provided during the period	3,000

As at 30 June 2026	9,000

...CONTINUED

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Talkative Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

Net Book Value
As at 30 June 2026	6,000

As at 1 July 2025	9,000

5. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 July 2025	342	17,656	17,998
Additions	-	4,394	4,394

As at 30 June 2026	342	22,050	22,392

Depreciation
As at 1 July 2025	342	10,608	10,950
Provided during the period	-	3,813	3,813

As at 30 June 2026	342	14,421	14,763

Net Book Value
As at 30 June 2026	-	7,629	7,629

As at 1 July 2025	-	7,048	7,048

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	275,448	212,386
Prepayments and accrued income	9,374	23,435
Other debtors	-	250
Corporation tax recoverable assets	176,025	135,010

	460,847	371,081
Due after more than one year
Deferred tax current asset	150,885	74,566

	611,732	445,647

Deferred tax asset has been rescognised in respect of unused tax losses carried forward

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	110,678	21,044
Bank loans and overdrafts	835	10,000
Other loans	126,910	820,072
Other creditors	400,558	375,549
Taxation and social security	246,168	60,086

	885,149	1,286,751

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Talkative Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

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

	2026	2025
	£	£
Bank loans	-	999
Other creditors	52,859	76,625

	52,859	77,624

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	841	718

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