TALK SMART LIMITED

TALK SMART LIMITED

TALK SMART LIMITED - Company Information

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TALK SMART LIMITED

Company Registration Number:
09816968 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2018

Period of accounts

Start date: 01 January 2018

End date: 31 December 2018

TALK SMART LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2018

Balance sheet
Notes

TALK SMART LIMITED

Balance sheet

As at 31 December 2018


Notes
2018
2017


£
£
Fixed assets
Intangible assets: 3 21,830 74,530
Tangible assets: 4 141,064 192,328
Total fixed assets: 162,894 266,858
Current assets
Stocks: 45,892 76,407
Debtors:   330,197 275,417
Cash at bank and in hand: 141,576 207,195
Total current assets: 517,665 559,019
Creditors: amounts falling due within one year:   (508,884) (657,345)
Net current assets (liabilities): 8,781 (98,326)
Total assets less current liabilities: 171,675 168,532
Total net assets (liabilities): 171,675 168,532
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 171,673 168,530
Shareholders funds: 171,675 168,532

The notes form part of these financial statements

TALK SMART LIMITED

Balance sheet statements

For the year ending 31 December 2018 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 September 2019
and signed on behalf of the board by:

Name: M D Patel
Status: Director

The notes form part of these financial statements

TALK SMART LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 policy

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 20% on costFixtures & fittings 20% on cost

Intangible fixed assets and amortisation policy

Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.

TALK SMART LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

2. Employees

2018 2017
Average number of employees during the period 20 19

TALK SMART LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

3. Intangible Assets

Total
Cost £
At 01 January 2018 114,961
Revaluations (42,381)
At 31 December 2018 72,580
Amortisation
At 01 January 2018 40,431
Charge for year 22,992
Other adjustments (12,673)
At 31 December 2018 50,750
Net book value
At 31 December 2018 21,830
At 31 December 2017 74,530

TALK SMART LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

4. Tangible Assets

Total
Cost £
At 01 January 2018 246,231
At 31 December 2018 246,231
Depreciation
At 01 January 2018 53,903
Charge for year 51,264
At 31 December 2018 105,167
Net book value
At 31 December 2018 141,064
At 31 December 2017 192,328

TALK SMART LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

5. Related party transactions

Name of the related party: Alexander Duckham & Co Limited
Relationship:
Company under the control of one or more of the directors
Description of the Transaction: The transaction was a loan
£
Balance at 01 January 2018 0
Balance at 31 December 2018 4,986
Name of the related party: AMAJ Limited
Relationship:
Company under the control of one or more of the directors
Description of the Transaction: The transaction was a loan.
£
Balance at 01 January 2018 1,408
Balance at 31 December 2018 408
Name of the related party: MJFV Limited
Relationship:
Company under the control of one or more of the directors
Description of the Transaction: The transaction was a loan.
£
Balance at 01 January 2018 46,000
Balance at 31 December 2018 151,500
Name of the related party: Stags Head (Propco) Limited
Relationship:
Company under the control of one or more of the directors
Description of the Transaction: The transaction was a loan.
£
Balance at 01 January 2018 0
Balance at 31 December 2018 5,694
Name of the related party: Zain Holdings Limited
Relationship:
Company under the control of one or more of the directors
Description of the Transaction: The transaction was a loan.
£
Balance at 01 January 2018 25,000
Balance at 31 December 2018 25,000