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 2021

Period of accounts

Start date: 01 January 2021

End date: 31 December 2021

TALK SMART LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2021

Balance sheet
Notes

TALK SMART LIMITED

Balance sheet

As at 31 December 2021


Notes
2021
2020


£
£
Fixed assets
Intangible assets: 3 41,659 59,393
Tangible assets: 4 34,295 84,770
Total fixed assets: 75,954 144,163
Current assets
Stocks: 102,147 42,018
Debtors:   594,361 564,974
Cash at bank and in hand: 103,450 168,152
Total current assets: 799,958 775,144
Creditors: amounts falling due within one year:   (682,157) (597,398)
Net current assets (liabilities): 117,801 177,746
Total assets less current liabilities: 193,755 321,909
Total net assets (liabilities): 193,755 321,909
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 193,655 321,809
Shareholders funds: 193,755 321,909

The notes form part of these financial statements

TALK SMART LIMITED

Balance sheet statements

For the year ending 31 December 2021 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 26 September 2022
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 2021

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.Goodwill is being written off in equal instalments over its estimated economic life of 5 years.

TALK SMART LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

2. Employees

2021 2020
Average number of employees during the period 24 24

TALK SMART LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

3. Intangible Assets

Total
Cost £
At 01 January 2021 154,063
At 31 December 2021 154,063
Amortisation
At 01 January 2021 94,670
Charge for year 17,734
At 31 December 2021 112,404
Net book value
At 31 December 2021 41,659
At 31 December 2020 59,393

TALK SMART LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

4. Tangible Assets

Total
Cost £
At 01 January 2021 265,884
At 31 December 2021 265,884
Depreciation
At 01 January 2021 181,114
Charge for year 50,475
At 31 December 2021 231,589
Net book value
At 31 December 2021 34,295
At 31 December 2020 84,770

TALK SMART LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

5. Related party transactions

Name of the related party: J A Sheth
Relationship:
Director
Description of the Transaction: The transaction was a loan. The loan is unsecured, interest free and repayable on demand.
£
Balance at 01 January 2021 3,334
Balance at 31 December 2021 64,544
Name of the related party: M D Patel
Relationship:
Director
Description of the Transaction: The transaction was a loan. The loan is unsecured, interest free and repayable on demand.
£
Balance at 01 January 2021 304
Balance at 31 December 2021 304
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 recharge of shared costs during the year.
£
Balance at 01 January 2021 9,319
Balance at 31 December 2021 0
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 2021 408
Balance at 31 December 2021 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 2021 289,500
Balance at 31 December 2021 289,500
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 2021 0
Balance at 31 December 2021 5,022
Name of the related party: JM Property Ventures 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 2021 610
Balance at 31 December 2021 610
Name of the related party: JS Capital Investments 2 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 2021 0
Balance at 31 December 2021 2,979
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 recharge of shared costs during the year.
£
Balance at 01 January 2021 0
Balance at 31 December 2021 75,231