Registered Number 05873846

TELESPEAK LIMITED

Abbreviated Accounts

31 July 2016

TELESPEAK LIMITED Registered Number 05873846

Abbreviated Balance Sheet as at 31 July 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 15,605 18,940
15,605 18,940
Current assets
Debtors 38,502 65,643
Cash at bank and in hand 12,162 2,068
50,664 67,711
Creditors: amounts falling due within one year (58,681) (60,394)
Net current assets (liabilities) (8,017) 7,317
Total assets less current liabilities 7,588 26,257
Creditors: amounts falling due after more than one year (6,983) (9,999)
Total net assets (liabilities) 605 16,258
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 505 16,158
Shareholders' funds 605 16,258
  • For the year ending 31 July 2016 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.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 25 November 2016

And signed on their behalf by:
Mr D Duffett, Director

TELESPEAK LIMITED Registered Number 05873846

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:-

Plant and machinery - 25% reducing balance
Motor vehicles - 25% straight line
Computer equipment - 255 reducing balance

Other accounting policies
Leasing and hire purchase contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

2 Tangible fixed assets
£
Cost
At 1 August 2015 50,365
Additions 1,867
Disposals -
Revaluations -
Transfers -
At 31 July 2016 52,232
Depreciation
At 1 August 2015 31,425
Charge for the year 5,202
On disposals -
At 31 July 2016 36,627
Net book values
At 31 July 2016 15,605
At 31 July 2015 18,940
3 Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
100 Ordinary Shares shares of £1 each 100 100

Ultimate Controlling Party
The company's ultimate controlling party is Mr D Duffett by virtue of his ownership of 51% of the issued share capital in the company.


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