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REGISTERED NUMBER: 04681688 (England and Wales)















AK VOICE SYSTEMS LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022






AK VOICE SYSTEMS LIMITED (REGISTERED NUMBER: 04681688)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AK VOICE SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: K M Paul
Mrs K G Paul
J Coleman





SECRETARY: Mrs K G Paul





REGISTERED OFFICE: 208 Maldon Road
Tiptree
Colchester
Essex
CO5 0PU





REGISTERED NUMBER: 04681688 (England and Wales)





ACCOUNTANTS: Howard & Stapleton
2nd Floor Offices
26-28 West Street
Market Square
Rochford
Essex
SS4 1AJ

AK VOICE SYSTEMS LIMITED (REGISTERED NUMBER: 04681688)

BALANCE SHEET
31 DECEMBER 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,965 15,619

CURRENT ASSETS
Stocks - 2,500
Debtors 5 33,379 35,735
Cash at bank 211,665 94,645
245,044 132,880
CREDITORS
Amounts falling due within one year 6 243,164 82,702
NET CURRENT ASSETS 1,880 50,178
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,845

65,797

PROVISIONS FOR LIABILITIES 7 - 2,097
NET ASSETS 22,845 63,700

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 22,745 63,600
SHAREHOLDERS' FUNDS 22,845 63,700

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.

AK VOICE SYSTEMS LIMITED (REGISTERED NUMBER: 04681688)

BALANCE SHEET - continued
31 DECEMBER 2022


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 Board of Directors and authorised for issue on 27 October 2023 and were signed on its behalf by:




K M Paul - Director



Mrs K G Paul - Director


AK VOICE SYSTEMS LIMITED (REGISTERED NUMBER: 04681688)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022


1. STATUTORY INFORMATION

AK Voice Systems Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the total net amounts receivable by the company for goods and services supplied during the year in the normal course of its business, after deducting trade discounts and value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


AK VOICE SYSTEMS LIMITED (REGISTERED NUMBER: 04681688)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
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 3 (2021 - 3 ) .

AK VOICE SYSTEMS LIMITED (REGISTERED NUMBER: 04681688)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2022 37,657
Additions 10,920
At 31 December 2022 48,577
DEPRECIATION
At 1 January 2022 22,038
Charge for year 5,574
At 31 December 2022 27,612
NET BOOK VALUE
At 31 December 2022 20,965
At 31 December 2021 15,619

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 22,298 29,496
Other debtors 3,798 6,239
Deferred tax asset 7,283 -
33,379 35,735

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade creditors 48,914 24,576
Social security and other taxes 619 245
VAT 27,540 2,694
Other creditors 161,661 50,407
Directors' current accounts 4,430 4,780
243,164 82,702

AK VOICE SYSTEMS LIMITED (REGISTERED NUMBER: 04681688)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


7. PROVISIONS FOR LIABILITIES
31.12.21
£   
Deferred tax
Accelerated capital allowances 2,968
Tax losses carried forward (871 )
2,097

Deferred
tax
£   
Balance at 1 January 2022 2,097
Accelerated capital allowances 458
Tax losses carried forward (9,838 )
Balance at 31 December 2022 (7,283 )

8. RELATED PARTY DISCLOSURES

During the year, sales took place with a related party to the value of £52,258 (2021 - £67,824) and the balance owing from the related party at the balance sheet dates was £4,015 (2021 - £870).

9. ULTIMATE CONTROLLING PARTY

The company was controlled by Mr K M Paul who owns 51% of the share capital.