REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 DECEMBER 2014 |
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FOR |
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TALKING BUSINESS (OFFICE SUPPLIES) |
LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 DECEMBER 2014 |
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FOR |
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TALKING BUSINESS (OFFICE SUPPLIES) |
LIMITED |
TALKING BUSINESS (OFFICE SUPPLIES) |
LIMITED (REGISTERED NUMBER: 03697438) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
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Chartered Accountants' Report | 7 |
TALKING BUSINESS (OFFICE SUPPLIES) |
LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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TALKING BUSINESS (OFFICE SUPPLIES) |
LIMITED (REGISTERED NUMBER: 03697438) |
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ABBREVIATED BALANCE SHEET |
31 DECEMBER 2014 |
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2014 | 2013 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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Investments | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash in hand |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
TALKING BUSINESS (OFFICE SUPPLIES) |
LIMITED (REGISTERED NUMBER: 03697438) |
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ABBREVIATED BALANCE SHEET - continued |
31 DECEMBER 2014 |
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The financial statements were approved by the Board of Directors on
behalf by: |
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TALKING BUSINESS (OFFICE SUPPLIES) |
LIMITED (REGISTERED NUMBER: 03697438) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The company has made a profit for the year, although trading conditions still remain challenging. The |
financial statements have been prepared on a going concern basis, which is dependent on future trading |
profits and the continuing support of the company's bankers and the directors. Having considered the |
information available to them, the directors consider that the going concern basis of preparation is |
appropriate for the year ended 31 December 2014. |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with |
the Financial Reporting Standard for Smaller Entities (effective April 2008). |
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Turnover |
Turnover represents net invoiced sales of goods and services, excluding Value Added Tax and trade |
discounts. Goods are recognised as income on the day they are despatched to customers and services |
when the company obtains the right to consideration. |
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Goodwill |
Goodwill, being the amount paid in connection with the acquisition of the business following a |
demerger, has been written off over its estimated useful life of ten years. |
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Tangible fixed assets |
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Leasehold improvements | - |
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Fixtures and fittings | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete |
and slow moving items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange |
ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating |
result. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over |
the period of the lease. |
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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 the profit and loss account in the period to which they relate. |
TALKING BUSINESS (OFFICE SUPPLIES) |
LIMITED (REGISTERED NUMBER: 03697438) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
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1. | ACCOUNTING POLICIES - continued |
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Invoice discounting |
The company discounts its trade debts. The accounting policy is to include trade debtors discounted with |
recourse within trade debtors due within one year and the returnable element of the proceeds within |
current liabilities. Discounting charges and interest are charged to the profit and loss account when paid. |
Bad debts are borne by the company and are charged to the profit and loss account when incurred. |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2014 |
and 31 December 2014 |
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AMORTISATION |
At 1 January 2014 |
and 31 December 2014 |
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NET BOOK VALUE |
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At 31 December 2014 |
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At 31 December 2013 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2014 |
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Additions |
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At 31 December 2014 |
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DEPRECIATION |
At 1 January 2014 |
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Charge for year |
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At 31 December 2014 |
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NET BOOK VALUE |
At 31 December 2014 |
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At 31 December 2013 |
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4. | FIXED ASSET INVESTMENTS |
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2014 | 2013 |
£ | £ |
Loan to private company | 37,584 | 39,440 |
During the year £1,856 was repaid. |
TALKING BUSINESS (OFFICE SUPPLIES) |
LIMITED (REGISTERED NUMBER: 03697438) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
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5. | CREDITORS |
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Creditors include an amount of £
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2014 | 2013 |
value: | £ | £ |
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A Ordinary | £1 |
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B Ordinary | £1 |
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421 | 421 |
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7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 December 2014 and |
31 December 2013: |
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2014 | 2013 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year |
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The directors loan is disclosed in other debtors. |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
TALKING BUSINESS (OFFICE SUPPLIES) |
LIMITED |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) |
have been prepared. |
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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 Business (Office Supplies) Limited for the year ended 31 December 2014 |
which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's |
accounting records and from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
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This report is made solely to the Board of Directors of Talking Business (Office Supplies) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Talking Business (Office Supplies) Limited and state those matters that we have agreed to state to the Board of Directors of Talking Business (Office Supplies) Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Talking Business (Office Supplies) 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 Business (Office Supplies) Limited. You consider that Talking Business (Office Supplies) Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Talking Business |
(Office Supplies) 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. |
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Chartered Accountants |
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6 July 2015 |