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REGISTERED NUMBER: 11261256 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

VOCODA TECHNOLOGIES LTD

VOCODA TECHNOLOGIES LTD (REGISTERED NUMBER: 11261256)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VOCODA TECHNOLOGIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: M R Cook





REGISTERED OFFICE: Willow Croft Northside
Birtley
Chester le Street
DH3 1RD





REGISTERED NUMBER: 11261256 (England and Wales)





ACCOUNTANTS: Ribchesters
Chartered Accountants
Finchale House
Belmont Business Park
Durham
DH1 1TW

VOCODA TECHNOLOGIES LTD (REGISTERED NUMBER: 11261256)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,448 5,081

CURRENT ASSETS
Debtors 5 9,750 15,546
Cash at bank 6,064 1,299
15,814 16,845
CREDITORS
Amounts falling due within one year 6 18,237 20,502
NET CURRENT LIABILITIES (2,423 ) (3,657 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,025

1,424

PROVISIONS FOR LIABILITIES 862 965
NET ASSETS 163 459

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 63 359
SHAREHOLDERS' FUNDS 163 459

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

VOCODA TECHNOLOGIES LTD (REGISTERED NUMBER: 11261256)

BALANCE SHEET - continued
31 MARCH 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2023 and were signed by:





M R Cook - Director


VOCODA TECHNOLOGIES LTD (REGISTERED NUMBER: 11261256)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Vocoda Technologies 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.

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.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 NIL (2022 - NIL).

VOCODA TECHNOLOGIES LTD (REGISTERED NUMBER: 11261256)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 6,281
Additions 1,042
Disposals (1,162 )
At 31 March 2023 6,161
DEPRECIATION
At 1 April 2022 1,200
Charge for year 1,736
Eliminated on disposal (223 )
At 31 March 2023 2,713
NET BOOK VALUE
At 31 March 2023 3,448
At 31 March 2022 5,081

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,550 2,025
Other debtors 7,200 13,521
9,750 15,546

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2 -
Taxation and social security 14,035 7,828
Other creditors 4,200 12,674
18,237 20,502

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

VOCODA TECHNOLOGIES LTD (REGISTERED NUMBER: 11261256)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. RELATED PARTY DISCLOSURES

During the year the director maintained an interest free loan to the company. As at the balance sheet date the amount outstanding was Nil (2022: £11,674).

During the year the company received an interest free loan from a related company. As at the balance sheet date the amount outstanding was £3,000 (2022: £Nil)

During the year the company made an interest free loan to a company related by way of having a common director. As at the balance sheet date the amount outstanding was £7,200.