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REGISTERED NUMBER: 10224142 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Adrenaline Studios / Voicearchive UK
Ltd.

Adrenaline Studios / Voicearchive UK
Ltd. (Registered number: 10224142)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Adrenaline Studios / Voicearchive UK
Ltd.

Company Information
for the Year Ended 30 June 2023







DIRECTOR: J P Harley





REGISTERED OFFICE: 2 Junction Road
Harrow
HA1 1NL





REGISTERED NUMBER: 10224142 (England and Wales)





ACCOUNTANTS: Krogh & Partners Limited
823 Salisbury House
29 Finsbury Circus
London
EC2M 5QQ

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Adrenaline Studios / Voicearchive UK
Ltd. (Registered number: 10224142)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Adrenaline Studios / Voicearchive UK Ltd. for the year ended 30 June 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Adrenaline Studios / Voicearchive UK Ltd. in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Adrenaline Studios / Voicearchive UK Ltd. and state those matters that we have agreed to state to the director of Adrenaline Studios / Voicearchive UK Ltd. in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Adrenaline Studios / Voicearchive UK Ltd. and its director for our work or for this report.

It is your duty to ensure that Adrenaline Studios / Voicearchive UK Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Adrenaline Studios / Voicearchive UK Ltd.. You consider that Adrenaline Studios / Voicearchive UK Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Adrenaline Studios / Voicearchive UK Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Krogh & Partners Limited
823 Salisbury House
29 Finsbury Circus
London
EC2M 5QQ


31 December 2024

Adrenaline Studios / Voicearchive UK
Ltd. (Registered number: 10224142)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 30,790 30,342
Investments 6 96,978 96,978
127,768 127,320

CURRENT ASSETS
Debtors 7 664,776 319,482
Cash at bank 23,837 13,502
688,613 332,984
CREDITORS
Amounts falling due within one year 8 1,115,045 774,990
NET CURRENT LIABILITIES (426,432 ) (442,006 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(298,664

)

(314,686

)

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 (298,764 ) (314,786 )
SHAREHOLDERS' FUNDS (298,664 ) (314,686 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Adrenaline Studios / Voicearchive UK
Ltd. (Registered number: 10224142)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 January 2024 and were signed by:





J P Harley - Director


Adrenaline Studios / Voicearchive UK
Ltd. (Registered number: 10224142)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Adrenaline Studios / Voicearchive 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.

Financial reporting standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
- the requirements of Section 7 Statement of Cash Flows

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Software is being amortised on a straight line basis over its estimated useful life of 5 years.

Tangible fixed assets
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment.

Depreciation on fixed assets is provided at rates estimated to write off cost amounts, less estimated residual
value, of each asset over its expected useful life as follows:

Plant & machinery 3-5 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


Adrenaline Studios / Voicearchive UK
Ltd. (Registered number: 10224142)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

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.

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.

Debtors
Debtors are valued individually and there are made provision according to this valuation.

Creditors
Creditors are carried at payment or settlement amounts. Where the time value of money is material, creditors are carried at amortised cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2022
and 30 June 2023 20,224
AMORTISATION
At 1 July 2022
and 30 June 2023 20,224
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

Adrenaline Studios / Voicearchive UK
Ltd. (Registered number: 10224142)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 157,571
Additions 26,959
At 30 June 2023 184,530
DEPRECIATION
At 1 July 2022 127,229
Charge for year 26,511
At 30 June 2023 153,740
NET BOOK VALUE
At 30 June 2023 30,790
At 30 June 2022 30,342

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2022
and 30 June 2023 96,978
NET BOOK VALUE
At 30 June 2023 96,978
At 30 June 2022 96,978

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 225,465 165,010
Amounts owed by group undertakings 265,492 -
Work in progress 85,604 3,023
Other debtors 87,675 151,449
Prepayments and accrued income 540 -
664,776 319,482

Adrenaline Studios / Voicearchive UK
Ltd. (Registered number: 10224142)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,505 2,686
Amounts owed to group undertakings 1,042,212 707,231
Social security and other taxes 4,048 3,030
VAT 11,981 6,956
Other creditors 55,299 55,087
1,115,045 774,990

9. CALLED UP SHARE CAPITAL

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

10. RESERVES
Retained
earnings
£   

At 1 July 2022 (314,786 )
Profit for the year 16,022
At 30 June 2023 (298,764 )

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12. CONTROLLING PARTY

The controlling party is Voicearchive Global ApS (incorporated in Denmark).