2022-02-012023-01-312023-01-31false12562594VOX IMAGING TECHNOLOGY LTD2024-02-09iso4217:GBPxbrli:pure125625942022-02-01125625942023-01-31125625942022-02-012023-01-31125625942021-05-01125625942022-01-31125625942021-05-012022-01-3112562594bus:SmallEntities2022-02-012023-01-3112562594bus:AuditExempt-NoAccountantsReport2022-02-012023-01-3112562594bus:AbridgedAccounts2022-02-012023-01-3112562594bus:PrivateLimitedCompanyLtd2022-02-012023-01-3112562594core:WithinOneYear2023-01-3112562594core:AfterOneYear2023-01-3112562594core:WithinOneYear2022-01-3112562594core:AfterOneYear2022-01-3112562594core:ShareCapital2023-01-3112562594core:SharePremium2023-01-3112562594core:RevaluationReserve2023-01-3112562594core:OtherReservesSubtotal2023-01-3112562594core:RetainedEarningsAccumulatedLosses2023-01-3112562594core:ShareCapital2022-01-3112562594core:SharePremium2022-01-3112562594core:RevaluationReserve2022-01-3112562594core:OtherReservesSubtotal2022-01-3112562594core:RetainedEarningsAccumulatedLosses2022-01-3112562594core:LandBuildings2023-01-3112562594core:PlantMachinery2023-01-3112562594core:Vehicles2023-01-3112562594core:FurnitureFittings2023-01-3112562594core:OfficeEquipment2023-01-3112562594core:NetGoodwill2023-01-3112562594core:IntangibleAssetsOtherThanGoodwill2023-01-3112562594core:ListedExchangeTraded2023-01-3112562594core:UnlistedNon-exchangeTraded2023-01-3112562594core:LandBuildings2022-01-3112562594core:PlantMachinery2022-01-3112562594core:Vehicles2022-01-3112562594core:FurnitureFittings2022-01-3112562594core:OfficeEquipment2022-01-3112562594core:NetGoodwill2022-01-3112562594core:IntangibleAssetsOtherThanGoodwill2022-01-3112562594core:ListedExchangeTraded2022-01-3112562594core:UnlistedNon-exchangeTraded2022-01-3112562594core:LandBuildings2022-02-012023-01-3112562594core:PlantMachinery2022-02-012023-01-3112562594core:Vehicles2022-02-012023-01-3112562594core:FurnitureFittings2022-02-012023-01-3112562594core:OfficeEquipment2022-02-012023-01-3112562594core:NetGoodwill2022-02-012023-01-3112562594core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3112562594core:ListedExchangeTraded2022-02-012023-01-3112562594core:UnlistedNon-exchangeTraded2022-02-012023-01-3112562594core:MoreThanFiveYears2022-02-012023-01-3112562594core:Non-currentFinancialInstruments2023-01-3112562594core:Non-currentFinancialInstruments2022-01-3112562594dpl:CostSales2022-02-012023-01-3112562594dpl:DistributionCosts2022-02-012023-01-3112562594core:LandBuildings2022-02-012023-01-3112562594core:PlantMachinery2022-02-012023-01-3112562594core:Vehicles2022-02-012023-01-3112562594core:FurnitureFittings2022-02-012023-01-3112562594core:OfficeEquipment2022-02-012023-01-3112562594dpl:AdministrativeExpenses2022-02-012023-01-3112562594core:NetGoodwill2022-02-012023-01-3112562594core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3112562594dpl:GroupUndertakings2022-02-012023-01-3112562594dpl:ParticipatingInterests2022-02-012023-01-3112562594dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3112562594core:ListedExchangeTraded2022-02-012023-01-3112562594dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3112562594core:UnlistedNon-exchangeTraded2022-02-012023-01-3112562594dpl:CostSales2021-05-012022-01-3112562594dpl:DistributionCosts2021-05-012022-01-3112562594core:LandBuildings2021-05-012022-01-3112562594core:PlantMachinery2021-05-012022-01-3112562594core:Vehicles2021-05-012022-01-3112562594core:FurnitureFittings2021-05-012022-01-3112562594core:OfficeEquipment2021-05-012022-01-3112562594dpl:AdministrativeExpenses2021-05-012022-01-3112562594core:NetGoodwill2021-05-012022-01-3112562594core:IntangibleAssetsOtherThanGoodwill2021-05-012022-01-3112562594dpl:GroupUndertakings2021-05-012022-01-3112562594dpl:ParticipatingInterests2021-05-012022-01-3112562594dpl:GroupUndertakingscore:ListedExchangeTraded2021-05-012022-01-3112562594core:ListedExchangeTraded2021-05-012022-01-3112562594dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-05-012022-01-3112562594core:UnlistedNon-exchangeTraded2021-05-012022-01-3112562594core:NetGoodwill2023-01-3112562594core:IntangibleAssetsOtherThanGoodwill2023-01-3112562594core:LandBuildings2023-01-3112562594core:PlantMachinery2023-01-3112562594core:Vehicles2023-01-3112562594core:FurnitureFittings2023-01-3112562594core:OfficeEquipment2023-01-3112562594core:AfterOneYear2023-01-3112562594core:WithinOneYear2023-01-3112562594core:ListedExchangeTraded2023-01-3112562594core:UnlistedNon-exchangeTraded2023-01-3112562594core:ShareCapital2023-01-3112562594core:SharePremium2023-01-3112562594core:RevaluationReserve2023-01-3112562594core:OtherReservesSubtotal2023-01-3112562594core:RetainedEarningsAccumulatedLosses2023-01-3112562594core:NetGoodwill2022-01-3112562594core:IntangibleAssetsOtherThanGoodwill2022-01-3112562594core:LandBuildings2022-01-3112562594core:PlantMachinery2022-01-3112562594core:Vehicles2022-01-3112562594core:FurnitureFittings2022-01-3112562594core:OfficeEquipment2022-01-3112562594core:AfterOneYear2022-01-3112562594core:WithinOneYear2022-01-3112562594core:ListedExch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VOX IMAGING TECHNOLOGY LTD

Registered Number
12562594
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2023

VOX IMAGING TECHNOLOGY LTD
Company Information
for the year from 1 February 2022 to 31 January 2023

Directors

Alan Robinson
Peter West

Registered Address

International House
64 Nile Street
London
N1 7SR

Registered Number

12562594 (England and Wales)
VOX IMAGING TECHNOLOGY LTD
Balance Sheet as at
31 January 2023

Notes

2023

2022

£

£

£

£

Called up share capital not paid92
Fixed assets
Tangible assets72,3012,981
2,3012,981
Current assets
Debtors5,1071,585
Cash at bank and on hand5661,068
5,6732,653
Creditors amounts falling due within one year13(2,176)(25,251)
Net current assets (liabilities)3,506(22,596)
Total assets less current liabilities5,807(19,615)
Net assets5,807(19,615)
Capital and reserves
Called up share capital92
Share premium29,999-
Profit and loss account(24,201)(19,617)
Shareholders' funds5,807(19,615)
The financial statements were approved and authorised for issue by the Board of Directors on 9 February 2024, and are signed on its behalf by:
Peter West
Director
Registered Company No. 12562594
VOX IMAGING TECHNOLOGY LTD
Notes to the Financial Statements
for the year ended 31 January 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The company is developing the VoxOne. The VoxOne is a benchtop confocal Scanning Laser Ophthalmoscope (cSLO) especially designed for superior small animal in-eye imaging. The design was developed in consultation with a working biologist to overcome the many limitations encountered using existing instruments. During the year the company divided its shares from £1 Ordinary shares to £0.01 Ordinary shares. During the year the company issued 720 x £0.01 Ordinary Shares.
4.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Office Equipment25
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax liabilities are recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax assets are not recognised.
Research and development policy
R&D expenditure is recognised in the profit and loss account when incurred.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Going concern
The directors have reviewed the prospects of the business; and in light of their optimism and the fact that investors provided investment in December 2023; the directors consider the company a going concern.
5.Prior period and policy change adjustments
A prior period adjustment was put through the accounts in the year ended 31 January 2023, relating to the balance sheet and the analysis of share premium, unpaid share capital and directors loan accounts. £29,999 of share premium relating to Peter Lundh's initial subscription of 1 Ord £1 share had not been recognised previously. He had paid £28,150 of this leaving £1,850 as unpaid. Peter West's initial subscription of £1 Ord £1 Share had not been recognised correctly. £1 was unpaid.
6.Employee information
The employees were directors and founders who did not take any pay throughout the year (2022: nil).

20232022
Average number of employees during the year32
7.Property, plant and equipment

Total

£
Cost or valuation
At 01 February 222,981
Additions87
At 31 January 233,068
Depreciation and impairment
Charge for year767
At 31 January 23767
Net book value
At 31 January 232,301
At 31 January 222,981
8.Any off-balance sheet arrangements including nature, purpose and financial impact on entity
Tax losses of £14,585 are carried forward.
9.Description of nature of transactions and balances with related parties
All directors loans, as disclosed, are interest free and can be called at any time.
10.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Peter West6926095
Peter Lundh Von Leithner(24,136)26,05501,919
(24,067)26,08102,014
Peter Lundh's loan in 2022 was presented in error within Creditors, as a loan. This was corrected this year and was treated as part of his consideration relating to his initial investment. See prior year adjustment note.
11.Description of event after reporting date
In December 2023 the company successful obtained investment of £118k.
12.Debtors within one year

2023

2022

££
Other debtors5,1071,585
Total5,1071,585
In Other Debtors is £95 (202: £70) owed by Peter West a director of the company. In Other Debtors is £1919 (2022: £nil) owed by Peter Lundh a director of the company.
13.Creditors within one year

2023

2022

££
Trade creditors / trade payables826-
Other creditors-24,136
Accrued liabilities and deferred income1,3501,115
Total2,17625,251
In Other Creditors is £nil (2022: £24,135) relating to a loan from Peter Lundh. This was treated incorrectly in 2022 and this should have been part of the consideration relating to his investment. In 2023 this was corrected by way of a prior year adjustment.