Talliscan Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08300447 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2019

FOR

TALLISCAN LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

A Leech

REGISTERED OFFICE:

C/o Melanie Curtis Accountants Ltd

Wellington Office

Stratfield Saye

Reading

Berkshire

RG7 2BT

REGISTERED NUMBER:

08300447 (England and Wales)

ACCOUNTANTS:

Melanie Curtis Accountants Ltd

Chartered Certified Accountants

Wellington Office

Stratfield Saye

Reading

Berkshire

RG7 2BT

CURRENT ASSETS

Stocks

5

14,686

13,621

Debtors

6

1,981

2,507

Cash at bank

7,540

6,174

24,207

22,302

CREDITORS

Amounts falling due within one year

7

64,352

66,588

NET CURRENT LIABILITIES

(40,145

)

(44,286

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(40,145

)

(44,286

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(40,146

)

(44,287

)

SHAREHOLDERS' FUNDS

(40,145

)

(44,286

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 May 2020 and were signed by:

A Leech - Director

1.	STATUTORY INFORMATION

Talliscan Ltd 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.

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.

Turnover

Turnover represents net sales of services, excluding value added tax, as adjusted for work in

progress. Turnover in respect of service contracts is recognised when the company obtains the right to

receive consideration for the services rendered to its customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of

Income and Retained Earnings, 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.

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.

3.

EMPLOYEES

The average number of employees during the year was NIL (2018 - NIL).

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 December 2018

and 30 November 2019

1,013

DEPRECIATION

At 1 December 2018

and 30 November 2019

1,013

NET BOOK VALUE

At 30 November 2019

-

At 30 November 2018

-

5.

STOCKS

30.11.19

30.11.18

£

£

Stocks

14,686

13,621

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Trade debtors

1,615

2,400

Other debtors

100

-

Taxation recoverable

159

-

Prepayments and accrued income

107

107

1,981

2,507

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Social security and other taxes

2

1,632

Directors' loan accounts

64,350

64,956

64,352

66,588