Company Registration No. 12731928 (England and Wales)
Talk Electrics Limited
Unaudited accounts
for the period from 1 November 2024 to 30 October 2025
Talk Electrics Limited
Unaudited accounts
Contents
Talk Electrics Limited
Company Information
for the period from 1 November 2024 to 30 October 2025
Directors
Tim Antony Freestone
Oliver James Freestone
Company Number
12731928 (England and Wales)
Registered Office
Office 27
Icon Innovation Centre
Eastern Way
Daventry
Northamptonshire
NN11 0QB
England
Talk Electrics Limited
Statement of financial position
as at 30 October 2025
Tangible assets
12,302
15,135
Cash at bank and in hand
27,001
6,094
Creditors: amounts falling due within one year
(55,745)
(51,710)
Net current assets
12,629
17,199
Total assets less current liabilities
24,931
32,334
Creditors: amounts falling due after more than one year
(20,899)
(28,239)
Provisions for liabilities
Deferred tax
(3,784)
(3,784)
Called up share capital
1
1
Profit and loss account
247
310
Shareholders' funds
248
311
For the period ending 30 October 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2026 and were signed on its behalf by
Tim Antony Freestone
Director
Company Registration No. 12731928
Talk Electrics Limited
Notes to the Accounts
for the period from 1 November 2024 to 30 October 2025
Talk Electrics Limited is a private company, limited by shares, registered in England and Wales, registration number 12731928. The registered office is Office 27, Icon Innovation Centre, Eastern Way, Daventry, Northamptonshire, NN11 0QB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
33% Straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Talk Electrics Limited
Notes to the Accounts
for the period from 1 November 2024 to 30 October 2025
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2024
7,000
23,540
2,532
33,072
At 30 October 2025
7,000
23,540
4,559
35,099
At 1 November 2024
5,031
11,678
1,228
17,937
Charge for the period
572
2,966
1,322
4,860
At 30 October 2025
5,603
14,644
2,550
22,797
At 30 October 2025
1,397
8,896
2,009
12,302
At 31 October 2024
1,969
11,862
1,304
15,135
Amounts falling due within one year
Trade debtors
17,837
38,599
Other debtors
23,536
24,216
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
6,262
6,262
Obligations under finance leases and hire purchase contracts
4,236
4,236
Trade creditors
3,814
8,077
Taxes and social security
36,408
20,357
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
7,232
11,063
Talk Electrics Limited
Notes to the Accounts
for the period from 1 November 2024 to 30 October 2025
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Average number of employees
During the period the average number of employees was 3 (2024: 3).