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 2020

Period of accounts

Start date: 01 January 2020

End date: 31 December 2020

TALK SMART LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2020

Balance sheet
Notes

TALK SMART LIMITED

Balance sheet

As at 31 December 2020


Notes
2020
2019


£
£
Fixed assets
Intangible assets: 3 59,393 86,635
Tangible assets: 4 84,770 108,894
Total fixed assets: 144,163 195,529
Current assets
Stocks: 42,018 116,203
Debtors: 5 564,974 418,538
Cash at bank and in hand: 168,152 53,445
Total current assets: 775,144 588,186
Creditors: amounts falling due within one year:   (597,398) (582,282)
Net current assets (liabilities): 177,746 5,904
Total assets less current liabilities: 321,909 201,433
Total net assets (liabilities): 321,909 201,433
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 321,809 201,333
Shareholders funds: 321,909 201,433

The notes form part of these financial statements

TALK SMART LIMITED

Balance sheet statements

For the year ending 31 December 2020 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 25 September 2021
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 2020

1. Accounting policies

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

TALK SMART LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2020

2. Employees

2020 2019
Average number of employees during the period 24 24

TALK SMART LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2020

3. Intangible Assets

Total
Cost £
At 01 January 2020 155,563
Transfers (1,500)
At 31 December 2020 154,063
Amortisation
At 01 January 2020 68,928
Charge for year 25,742
At 31 December 2020 94,670
Net book value
At 31 December 2020 59,393
At 31 December 2019 86,635

TALK SMART LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2020

4. Tangible Assets

Total
Cost £
At 01 January 2020 263,309
Additions 1,075
Transfers 1,500
At 31 December 2020 265,884
Depreciation
At 01 January 2020 154,415
Charge for year 26,699
At 31 December 2020 181,114
Net book value
At 31 December 2020 84,770
At 31 December 2019 108,894

TALK SMART LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2020

5. Debtors

2020 2019
££
Debtors due after more than one year: 0 0

TALK SMART LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2020

6. 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 2020 5,878
Balance at 31 December 2020 9,319
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 2020 408
Balance at 31 December 2020 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 2020 219,500
Balance at 31 December 2020 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 2020 479
Balance at 31 December 2020 0
Name of the related party: JM Property Ventures Limited
Relationship:
Stags Head (Propco) Limited
Description of the Transaction: The transaction was a loan
£
Balance at 01 January 2020 0
Balance at 31 December 2020 610