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Registered number: 00844369
Talbot Block Limited
Unaudited Financial Statements
For The Year Ended 29 April 2025
SW Accounting Solutions Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00844369
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 36,433 61,257
Investments 5 208,500 208,500
244,933 269,757
CURRENT ASSETS
Stocks 6 258,995 259,987
Debtors 7 591,201 491,716
Cash at bank and in hand 423,859 486,244
1,274,055 1,237,947
Creditors: Amounts Falling Due Within One Year 8 (606,147 ) (627,035 )
NET CURRENT ASSETS (LIABILITIES) 667,908 610,912
TOTAL ASSETS LESS CURRENT LIABILITIES 912,841 880,669
NET ASSETS 912,841 880,669
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 912,741 880,569
SHAREHOLDERS' FUNDS 912,841 880,669
Page 1
Page 2
For the year ending 29 April 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.
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 Richard Barry
Director
20/11/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Talbot Block Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00844369 . The registered office is North Bank, The Docks, Port Talbot, Netah Port Talbot, SA13 1RE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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. 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 25% straight line
Motor Vehicles 15-25% straight line
Fixtures & Fittings 10% straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2024: 15)
17 15
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 30 April 2024 223,999 263,638 57,191 544,828
As at 29 April 2025 223,999 263,638 57,191 544,828
Depreciation
As at 30 April 2024 213,664 228,933 40,974 483,571
Provided during the period 6,713 14,819 3,292 24,824
As at 29 April 2025 220,377 243,752 44,266 508,395
Net Book Value
As at 29 April 2025 3,622 19,886 12,925 36,433
As at 30 April 2024 10,335 34,705 16,217 61,257
5. Investments
Unlisted
£
Cost or Valuation
As at 30 April 2024 208,500
As at 29 April 2025 208,500
Provision
As at 30 April 2024 -
As at 29 April 2025 -
Net Book Value
As at 29 April 2025 208,500
As at 30 April 2024 208,500
6. Stocks
2025 2024
£ £
Finished goods 258,995 259,987
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 266,429 212,860
Prepayments and accrued income 16,725 15,926
Other debtors 247,926 262,930
Amounts owed by group undertakings 60,121 -
591,201 491,716
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Page 5
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 466,193 412,201
Corporation tax 60,951 41,919
Other taxes and social security 12,581 13,945
VAT 50,923 41,738
Other creditors 350 13,148
Accruals and deferred income 15,149 18,111
Amounts owed to group undertakings - 85,973
606,147 627,035
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
At 29 April 2025 the balance due from Talbot Holdings Limited was £60,121 and is included within debtors due within one year (2024: due to Talbot Holdings Ltd £85.973). Amounts due to/from the holding company are unsecured, interest free and repayable on demand.
11. Ultimate Controlling Party
The company is a wholly owned subsidiary of Talbot Holdings Limited.
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