Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-31No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2022-06-01false11false 10756608 2022-06-01 2023-05-31 10756608 2021-06-01 2022-05-31 10756608 2023-05-31 10756608 2022-05-31 10756608 c:Director2 2022-06-01 2023-05-31 10756608 d:CurrentFinancialInstruments 2023-05-31 10756608 d:CurrentFinancialInstruments 2022-05-31 10756608 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 10756608 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 10756608 d:ShareCapital 2023-05-31 10756608 d:ShareCapital 2022-05-31 10756608 d:RetainedEarningsAccumulatedLosses 2023-05-31 10756608 d:RetainedEarningsAccumulatedLosses 2022-05-31 10756608 c:FRS102 2022-06-01 2023-05-31 10756608 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 10756608 c:FullAccounts 2022-06-01 2023-05-31 10756608 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure
Registered number: 10756608









VOIPLINE TELECOM LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023














 
VOIPLINE TELECOM LTD
REGISTERED NUMBER:10756608

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
3,109
3,019

Cash at bank and in hand
  
58,191
41,110

  
61,300
44,129

Creditors: amounts falling due within one year
 5 
(170,874)
(169,653)

Net current liabilities
  
 
 
(109,574)
 
 
(125,524)

Total assets less current liabilities
  
(109,574)
(125,524)

  

Net liabilities
  
(109,574)
(125,524)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(109,674)
(125,624)

  
(109,574)
(125,524)


Page 1

 
VOIPLINE TELECOM LTD
REGISTERED NUMBER:10756608
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 October 2023.




................................................
N Tretiachenko
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
VOIPLINE TELECOM LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Voipline Telecom Ltd is a private company, limited by shares, domiciled in England. The registered office  Is Courtenay House, Pynes Hill, Exeter, EX2 5AZ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on the going concern basis, despite the company being in a net liability position of £109,255. The directors continue to support the company and have considered the current financial position of the company, as well as the availability of working capital and have concluded that it is a going concern. 

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
VOIPLINE TELECOM LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
VOIPLINE TELECOM LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Debtors

2023
2022
£
£


Trade debtors
458
837

Prepayments and accrued income
2,651
2,182

3,109
3,019


Page 5

 
VOIPLINE TELECOM LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
112
-

Trade creditors
563
257

Other taxation and social security
3,512
2,811

Other creditors
165,563
165,535

Accruals and deferred income
1,124
1,050

170,874
169,653


Page 6