Taltrack Limited - Accounts to registrar (filleted) - small 18.2

Taltrack Limited - Accounts to registrar (filleted) - small 18.2

TALTRACK LIMITED - Company Information

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REGISTERED NUMBER: 09964847 (England and Wales)











Financial Statements

for the Year Ended 31 December 2018

for

Taltrack Limited
Taltrack Limited (Registered number: 09964847)






Contents of the Financial Statements
for the Year Ended 31 December 2018




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Taltrack Limited

Company Information
for the Year Ended 31 December 2018







DIRECTORS: J L P Blackman
M E Lambert
C B Oliver-Dansie
Ms F E Brosan
C M Butterworth
N Long
Mrs S E D Pettinger





REGISTERED OFFICE: St Giles Hall
Pound Hill
Cambridge
Cambridgeshire
CB3 0AE





REGISTERED NUMBER: 09964847 (England and Wales)





AUDITORS: Knights Lowe Limited
Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR
Page 1
Taltrack Limited (Registered number: 09964847)

Statement of Financial Position
31 December 2018

2018 2017
Notes £    £   
CURRENT ASSETS
Debtors 4 50,714 19,534
Cash at bank 29,032 78,046
79,746 97,580
CREDITORS
Amounts falling due within one year 5 41,579 433,535
NET CURRENT ASSETS/(LIABILITIES) 38,167 (335,955 )
TOTAL ASSETS LESS CURRENT LIABILITIES 38,167 (335,955 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 38,067 (336,055 )
SHAREHOLDERS' FUNDS 38,167 (335,955 )

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 24 September 2019 and were signed on its behalf
by:





J L P Blackman - Director


The notes form part of these financial statements

Page 2
Taltrack Limited (Registered number: 09964847)

Notes to the Financial Statements
for the Year Ended 31 December 2018

1. STATUTORY INFORMATION

Taltrack Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern
Having discussed the projected results and cash flow of the company with the directors, it is planned that the
company will continue to design and implement its products which should generate cash in the year ended 31
December 2019. The company has the support of its shareholders and related company who will continue to
provide and extend loans in order that the cash demands can be met. Whilst there is always considerable
uncertainty in predicting cash flows more than a few months into the future, the directors are confident that
the cash demands of the company will be satisfied, and it is therefore appropriate to prepare the financial
statements on the going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws
that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal
of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that
they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Page 3 continued...
Taltrack Limited (Registered number: 09964847)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's
pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 3 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other debtors 50,714 19,534

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 34,371 19,681
Amounts owed to group undertakings - 413,854
Taxation and social security 1,444 -
Other creditors 5,764 -
41,579 433,535

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

James Knights BSc ACA (Senior Statutory Auditor)
for and on behalf of Knights Lowe Limited

Page 4