JTalk Limited - Accounts to registrar (filleted) - small 18.2
JTalk Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 30th November 2019 |
| for |
| JTALK LIMITED |
| JTALK LIMITED (REGISTERED NUMBER: 04890639) |
| Contents of the Financial Statements |
| for the Year Ended 30th November 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| JTALK LIMITED |
| Company Information |
| for the Year Ended 30th November 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 1 Richmond Road |
| Lytham St Annes |
| Lancashire |
| FY8 1PE |
| BANKERS: |
| 63 High Street |
| Bigglesworth |
| Bedfordshire |
| SG18 0JH |
| JTALK LIMITED (REGISTERED NUMBER: 04890639) |
| Balance Sheet |
| 30th November 2019 |
| 30.11.19 | 30.11.18 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| JTALK LIMITED (REGISTERED NUMBER: 04890639) |
| Balance Sheet - continued |
| 30th November 2019 |
| 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 by: |
| JTALK LIMITED (REGISTERED NUMBER: 04890639) |
| Notes to the Financial Statements |
| for the Year Ended 30th November 2019 |
| 1. | STATUTORY INFORMATION |
| JTalk Limited is a |
| 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 (£). |
| Monetary amounts in these financial statements are rounded to the nearest £. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| Improvements to property - 5% on reducing balance |
| Plant and machinery etc - 25% on reducing balance and |
| 15% on reducing balance |
| 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 balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet 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. |
| 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 |
| JTALK LIMITED (REGISTERED NUMBER: 04890639) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th November 2019 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1st December 2018 |
| Additions |
| At 30th November 2019 |
| DEPRECIATION |
| At 1st December 2018 |
| Charge for year |
| At 30th November 2019 |
| NET BOOK VALUE |
| At 30th November 2019 |
| At 30th November 2018 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.11.19 | 30.11.18 |
| £ | £ |
| Other debtors |
| Included in other debtors is accrued income of £195,048 (2018; £153,864). |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.11.19 | 30.11.18 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors | ( |
) |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.11.19 | 30.11.18 |
| £ | £ |
| Bank loans |
| Hire purchase contracts |
| JTALK LIMITED (REGISTERED NUMBER: 04890639) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th November 2019 |
| 8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 30th November 2019 and |
| 30th November 2018: |
| 30.11.19 | 30.11.18 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) |
| 9. | RELATED PARTY DISCLOSURES |
| JTalk Limited is a company operating under a five year renewable licence from BT to sell BT |
| telecommunications equipment and solutions within the SME environment. At the time of signing the accounts |
| there is no reason to assume that the licence will not be renewed at the next due date. |
| The company occupies a building owned by T J Building Developments LLP under a 7 year lease at £39,500 per |
| annum. The LLP is under the same ownership as Jtalk Limited. At the year end T J Building Developments |
| LLP owed Jtalk Ltd £39,996 (2018: £41,247). |
| 10. | ULTIMATE CONTROLLING PARTY |
| The company is under the ultimate control of Mr J Eborall, who is also a director of the company. |