Taltek (UK) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 05221891 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

TALTEK (UK) LTD

Page

Company information

1

Statement of financial position

2

Notes to the financial statements

3

DIRECTOR:

Ms G M Petre-Guest

SECRETARY:

Miss K. M. France

REGISTERED OFFICE:

The St Botolph Building

138 Houndsditch

London

EC3A 7AR

REGISTERED NUMBER:

05221891 (England and Wales)

ACCOUNTANTS:

Accura Accountants Ltd

Langley House

Park Road

East Finchley

London

N2 8EY

CURRENT ASSETS

Debtors

3

243,325

TOTAL ASSETS LESS CURRENT
LIABILITIES

243,325

CAPITAL AND RESERVES

Called up share capital

176,960

Retained earnings

66,365

SHAREHOLDERS' FUNDS

243,325

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 applicable to companies subject to the small companies regime.

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 22 April 2020 and were signed by:

Ms G M Petre-Guest - Director

1.	STATUTORY INFORMATION

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

Revenue recognition

The revenue is recognised at the point of loading the coal onto the cargo containers by the supplier. The supplier

delivers the coal directly to the customer and by the agreement between the parties the legal ownership of the

goods is transferred when the coal has been loaded on railway cargoes.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12

'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are

recognised in the company's statement of financial position when the company becomes party to the contractual

provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the

financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an

intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets and liabilities

Basic financial assets, and liabilities are initially measured at transaction price including transaction costs and are

subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a

financing transaction, where the transaction is measured at the present value of the future receipts discounted at a

market rate of interest. Financial assets and liabilities classified as receivable or payable within one year are not

amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of

business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or

less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction

price and subsequently measured at amortised cost using the effective interest method.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of

the company after deducting all of its liabilities.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks,

other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank

overdrafts are shown within borrowings in current liabilities

Foreign currencies

Assets and liabilities in foreign currencies are translated into US Dollars at the rates of exchange ruling at the

statement of financial position date. Transactions in foreign currencies are translated into US Dollars at the rate

of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the

operating result.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

$

Other debtors

243,325

4.	ULTIMATE CONTROLLING PARTY

The controlling party is Ms E. Stradze.

Taltek (UK) Ltd - Accounts to registrar (filleted) - small 18.2

Taltek (UK) Ltd - Accounts to registrar (filleted) - small 18.2