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REGISTERED NUMBER: NI635228 (Northern Ireland)














Abridged Unaudited Financial Statements

FOR THE YEAR ENDED

31 December 2022

for

VOIPCOM LTD

VOIPCOM LTD (REGISTERED NUMBER: NI635228)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2022










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


VOIPCOM LTD

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: Mr P Curran
Mrs S Curran



REGISTERED OFFICE: 12 Braemar Avenue
Newcastle
Co. Down
BT33 0BY



REGISTERED NUMBER: NI635228 (Northern Ireland)



ACCOUNTANTS: M.B.McGrady & Co
Chartered Accountants
Rathmore House
52 St Patricks Avenue
Downpatrick
Co. Down
BT30 6DS



BANKERS: Santander
49-51 Market Street
Downpatrick
Co.Down
BT30 6LP

VOIPCOM LTD (REGISTERED NUMBER: NI635228)

Abridged Balance Sheet
31 DECEMBER 2022

31/12/22 31/12/21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 102,105 83,717

CURRENT ASSETS
Stocks 4,250 4,250
Debtors 30,492 69,001
Cash at bank 33,987 19,450
68,729 92,701
CREDITORS
Amounts falling due within one year 120,387 110,750
NET CURRENT LIABILITIES (51,658 ) (18,049 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,447

65,668

CREDITORS
Amounts falling due after more than one
year

(24,167

)

(34,167

)

PROVISIONS FOR LIABILITIES (6,339 ) (3,415 )
NET ASSETS 19,941 28,086

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 19,841 27,986
SHAREHOLDERS' FUNDS 19,941 28,086

VOIPCOM LTD (REGISTERED NUMBER: NI635228)

Abridged Balance Sheet - continued
31 DECEMBER 2022


The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2022 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 Board of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by:





Mr P Curran - Director


VOIPCOM LTD (REGISTERED NUMBER: NI635228)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2022


1. STATUTORY INFORMATION

Voipcom Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

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 - 25% on cost, 20% on reducing balance and 15% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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.

VOIPCOM LTD (REGISTERED NUMBER: NI635228)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 5 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2022 105,246
Additions 24,927
At 31 December 2022 130,173
DEPRECIATION
At 1 January 2022 21,529
Charge for year 6,539
At 31 December 2022 28,068
NET BOOK VALUE
At 31 December 2022 102,105
At 31 December 2021 83,717

5. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr & Mrs Patrick Curran throughout the current year. Mr Patrick Curran is the managing director who is considered by the directors to be the ultimate controlling party.