Talking Telecoms UK Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 08923516 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Talking Telecoms UK Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

6

DIRECTOR:

R S Crutchley

SECRETARY:

Mrs K J Crutchley

REGISTERED OFFICE:

1st Floor

81a Stockport Road

Marple

Stockport

Cheshire

SK6 6AA

REGISTERED NUMBER:

08923516 (England and Wales)

ACCOUNTANTS:

Hardy & Company

Chartered Certified Accountants

Onward Chambers

34 Market Street

Hyde

Cheshire

SK14 1AH

FIXED ASSETS

Tangible assets

4

2,990

2,879

CURRENT ASSETS

Debtors

31,722

24,772

Cash at bank

-

22,320

31,722

47,092

CREDITORS

Amounts falling due within one year

33,486

34,280

NET CURRENT (LIABILITIES)/ASSETS

(1,764

)

12,812

TOTAL ASSETS LESS CURRENT LIABILITIES

1,226

15,691

PROVISIONS FOR LIABILITIES

433

374

NET ASSETS

793

15,317

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

792

15,316

SHAREHOLDERS' FUNDS

793

15,317

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director on 1 June 2017 and were signed by:

R S Crutchley - Director

1.	STATUTORY INFORMATION

Talking Telecoms UK 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

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

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

Plant and machinery etc

-

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 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.

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 AND DIRECTORS

The average number of employees during the year was 4 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

3,718

Additions

639

At 31 March 2017

4,357

DEPRECIATION

At 1 April 2016

839

Charge for year

528

At 31 March 2017

1,367

NET BOOK VALUE

At 31 March 2017

2,990

At 31 March 2016

2,879

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2017 and 31 March 2016:

31.3.17

31.3.16

£

£

R S Crutchley

Balance outstanding at start of year

20,709

12,189

Amounts advanced

78,237

96,352

Amounts repaid

(75,047

)

(87,832

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

23,899

20,709

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £33,000 (2016 - £24,000) were paid to the director .

7.	ULTIMATE CONTROLLING PARTY

The controlling party is R S Crutchley.

The following reproduces the text of the report prepared for the director and members in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance

Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of

the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Talking Telecoms UK Limited for the year ended 31 March 2017 which comprise the Abridged Income Statement,

Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you

have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Talking Telecoms UK Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Talking Telecoms UK Limited and state those matters that we have agreed to state to the director of Talking Telecoms UK Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Talking Telecoms UK Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Talking Telecoms UK Limited. You consider that Talking Telecoms UK Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Talking Telecoms UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hardy & Company

Chartered Certified Accountants

Onward Chambers

34 Market Street

Hyde

Cheshire

SK14 1AH

12 June 2017