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REGISTERED NUMBER: 10440336 (England and Wales)















Financial Statements

for the Year Ended 31 March 2024

for

VOICESCAPE LIMITED

VOICESCAPE LIMITED (REGISTERED NUMBER: 10440336)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VOICESCAPE LIMITED

Company Information
for the Year Ended 31 March 2024







Directors: J Doyle
S Dobrowolska-Doyle
D R Dickinson
P Mehta
W Williams
G Haynes
J C Williams





Secretary: S Dobrowolska-Doyle





Registered office: 2nd Floor
Unit 4 The Boatshed
22 Exchange Quays
Salford
M5 3EQ





Registered number: 10440336 (England and Wales)





Auditors: CLA Evelyn Partners Limited
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

VOICESCAPE LIMITED (REGISTERED NUMBER: 10440336)

Balance Sheet
31 March 2024

2024 2023
(Unaudited)
Notes £    £    £    £   
Fixed assets
Intangible assets 5 1,735,973 1,596,819
Tangible assets 6 36,731 40,029
1,772,704 1,636,848

Current assets
Debtors 7 1,990,137 1,886,134
Cash at bank 1,425,104 671,711
3,415,241 2,557,845
Creditors
Amounts falling due within one year 8 3,594,386 2,981,612
Net current liabilities (179,145 ) (423,767 )
Total assets less current liabilities 1,593,559 1,213,081

Creditors
Amounts falling due after more than one
year

9

508,950

36,354
Net assets 1,084,609 1,176,727

Capital and reserves
Called up share capital 11 9,202 8,989
Retained earnings 1,075,407 1,167,738
1,084,609 1,176,727

VOICESCAPE LIMITED (REGISTERED NUMBER: 10440336)

Balance Sheet - continued
31 March 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by:





G Haynes - Director


VOICESCAPE LIMITED (REGISTERED NUMBER: 10440336)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. Statutory information

Voicescape 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.

2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cashflows in making their assessment. Based on these assessments and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and from software fees. Turnover is reduced for estimated discounts, rebates and other similar allowances.

Software platform fees
Fees for the use of Voicescape software are recognised over the period of the software access licence.

Rendering of services
Turnover from the rendering of services is recognised by reference to the services provided in the period being reported on, recognised in line with the terms of the underlying contracts.

Goodwill
Goodwill is stated at cost (or deemed cost) or valuation less accumulated amortisation and any accumulated impairment losses. Goodwill is amortised over a period of ten years.

Development costs
Development costs relate to the development of innovative software products. These products complement the company's existing products and are hence considered by management to be highly likely to lead to future economic benefit. Development costs are stated at cost less accumulated amortisation. They are amortised evenly over their estimated useful life of five years.

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 - 33% straight line
Computer equipment - 33% straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.

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

VOICESCAPE LIMITED (REGISTERED NUMBER: 10440336)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. Accounting policies - continued

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets
Basic financial assets, including trade and other debtors that are classified as debt and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

There are no assets which are initially measured at fair value.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors and bank loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Research and development
Research expenditure is written off to the profit or loss in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

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.

4. Employees and directors

The average number of employees during the year was 37 (2023 - 31 ) .

VOICESCAPE LIMITED (REGISTERED NUMBER: 10440336)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. Intangible fixed assets
Other
intangible
Goodwill assets Totals
£    £    £   
Cost
At 1 April 2023 1,745,768 824,852 2,570,620
Additions - 593,745 593,745
At 31 March 2024 1,745,768 1,418,597 3,164,365
Amortisation
At 1 April 2023 740,562 233,239 973,801
Charge for year 170,872 283,719 454,591
At 31 March 2024 911,434 516,958 1,428,392
Net book value
At 31 March 2024 834,334 901,639 1,735,973
At 31 March 2023 1,005,206 591,613 1,596,819

6. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 April 2023 92,606
Additions 23,226
At 31 March 2024 115,832
Depreciation
At 1 April 2023 52,577
Charge for year 26,524
At 31 March 2024 79,101
Net book value
At 31 March 2024 36,731
At 31 March 2023 40,029

Included in fixed assets are assets held under hire purchase or lease purchase agreements with a net book value of £8,032 (2023 - £14,916) and depreciation to date of £12,621 (2023 - £5,737).

7. Debtors: amounts falling due within one year
2024 2023
(Unaudited)
£    £   
Trade debtors 1,432,537 1,309,733
Other debtors 557,600 576,401
1,990,137 1,886,134

VOICESCAPE LIMITED (REGISTERED NUMBER: 10440336)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


8. Creditors: amounts falling due within one year
2024 2023
(Unaudited)
£    £   
Hire purchase contracts 4,131 4,131
Trade creditors 94,590 79,583
Taxation and social security 314,462 301,643
Other creditors 3,181,203 2,596,255
3,594,386 2,981,612

9. Creditors: amounts falling due after more than one year
2024 2023
(Unaudited)
£    £   
Hire purchase contracts 8,950 13,080
Other creditors 500,000 23,274
508,950 36,354

10. Secured debts

The following secured debts are included within creditors:

2024 2023
(Unaudited)
£    £   
Hire purchase contracts 13,081 17,211

Assets held under hire purchase or lease purchase agreements are secured on the assets concerned.

11. Called up share capital

Allotted, issued and fully paid:

Number: Class: Nominal 2024 2023
Value: £    £   
5155 Ordinary £1 5,155 -
3,834 A ordinary £1 3,384 3,249
213 B ordinary £1 213 3,248
- C ordinary £1 - 1,111
- D ordinary £1 - 1,111
- E ordinary £1 - 90
- F ordinary £1 - 90
- G ordinary £1 - 90
9,202 8,989

During the year the company issued 213 B ordinary shares of £1 for cash at par.

12. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Angela Chorlton FCA (Senior Statutory Auditor)
for and on behalf of CLA Evelyn Partners Limited

VOICESCAPE LIMITED (REGISTERED NUMBER: 10440336)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


13. Other financial commitments

At the year-end the company had financial commitments of £37,338 (2023 - £37,338) under non-cancellable operating leases.

14. Directors' advances, credits and guarantees

The directors' owed an amount of £nil (2023 - £100,000) to the company at the year end. Interest is paid on the loan at 2.5% pa and the loan is repayable on demand. The loan was repaid in full in April 2023.