Caseware UK (AP4) 2023.0.135 2023.0.135 falsetrue2023-02-01No description of principal activity43falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12562594 2023-02-01 2024-01-31 12562594 2022-02-01 2023-01-31 12562594 2024-01-31 12562594 2023-01-31 12562594 2022-02-01 12562594 c:Director4 2023-02-01 2024-01-31 12562594 d:PlantMachinery 2023-02-01 2024-01-31 12562594 d:PlantMachinery 2024-01-31 12562594 d:PlantMachinery 2023-01-31 12562594 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12562594 d:FurnitureFittings 2023-02-01 2024-01-31 12562594 d:FurnitureFittings 2024-01-31 12562594 d:FurnitureFittings 2023-01-31 12562594 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12562594 d:OfficeEquipment 2023-02-01 2024-01-31 12562594 d:OfficeEquipment 2024-01-31 12562594 d:OfficeEquipment 2023-01-31 12562594 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12562594 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12562594 d:CurrentFinancialInstruments 2024-01-31 12562594 d:CurrentFinancialInstruments 2023-01-31 12562594 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 12562594 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 12562594 d:ShareCapital 2023-02-01 2024-01-31 12562594 d:ShareCapital 2024-01-31 12562594 d:ShareCapital 2022-02-01 2023-01-31 12562594 d:ShareCapital 2023-01-31 12562594 d:ShareCapital 2022-02-01 12562594 d:SharePremium 2023-02-01 2024-01-31 12562594 d:SharePremium 2024-01-31 12562594 d:SharePremium 2022-02-01 2023-01-31 12562594 d:SharePremium 2023-01-31 12562594 d:SharePremium 2022-02-01 12562594 d:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 12562594 d:RetainedEarningsAccumulatedLosses 2024-01-31 12562594 d:RetainedEarningsAccumulatedLosses 2022-02-01 2023-01-31 12562594 d:RetainedEarningsAccumulatedLosses 2023-01-31 12562594 d:RetainedEarningsAccumulatedLosses 2022-02-01 12562594 c:OrdinaryShareClass1 2023-02-01 2024-01-31 12562594 c:OrdinaryShareClass1 2024-01-31 12562594 c:OrdinaryShareClass1 2023-01-31 12562594 c:FRS102 2023-02-01 2024-01-31 12562594 c:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 12562594 c:FullAccounts 2023-02-01 2024-01-31 12562594 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12562594 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12562594










Vox Imaging Technology Ltd








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 January 2024

 
Vox Imaging Technology Ltd
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Vox Imaging Technology Ltd for the year ended 31 January 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Vox Imaging Technology Ltd for the year ended 31 January 2024 which comprise  the Balance sheet, the 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 at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Vox Imaging Technology Ltd, as a body, in accordance with the terms of our engagement letter dated 07 August 2024Our work has been undertaken solely to prepare for your approval the financial statements of Vox Imaging Technology Ltd and state those matters that we have agreed to state to the Board of directors of Vox Imaging Technology Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Vox Imaging Technology Ltd and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Vox Imaging Technology 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 loss of Vox Imaging Technology Ltd. You consider that Vox Imaging Technology Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Vox Imaging Technology 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.

  



Kreston Reeves LLP
 
Chartered Accountants
  
Canterbury
30 October 2024
Page 1

 
Vox Imaging Technology Ltd
Registered number: 12562594

Balance sheet
As at 31 January 2024

2024
As Restated 2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,151
2,302

  
5,151
2,302

Current assets
  

Debtors: amounts falling due within one year
 5 
9,334
5,115

Cash at bank and in hand
  
89,906
566

  
99,240
5,681

Creditors: amounts falling due within one year
 6 
(12,304)
(2,176)

Net current assets
  
 
 
86,936
 
 
3,505

Total assets less current liabilities
  
92,087
5,807

  

Net assets
  
92,087
5,807


Capital and reserves
  

Called up share capital 
 7 
11
9

Share premium account
  
148,249
29,999

Profit and loss account
  
(56,173)
(24,201)

  
92,087
5,807


The directors consider 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 directors acknowledge their 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 profit and loss account 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 30 October 2024.




P West
Director

The notes on pages 5 to 8 form part of these financial statements.
Page 2

 
Vox Imaging Technology Ltd
Registered number: 12562594

Balance sheet (continued)
As at 31 January 2024


Page 3

 
Vox Imaging Technology Ltd
 

Statement of changes in equity
For the year ended 31 January 2024


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


At 1 February 2022
9
29,999
(18,719)
11,289


Comprehensive income for the year

Loss for the year
-
-
(5,482)
(5,482)
Total comprehensive income for the year
-
-
(5,482)
(5,482)


Total transactions with owners
-
-
-
-



At 1 February 2023
9
29,999
(24,201)
5,807


Comprehensive income for the year

Loss for the year
-
-
(31,972)
(31,972)
Total comprehensive income for the year
-
-
(31,972)
(31,972)


Contributions by and distributions to owners

Shares issued during the year
2
118,250
-
118,252


Total transactions with owners
2
118,250
-
118,252


At 31 January 2024
11
148,249
(56,173)
92,087


The notes on pages 5 to 8 form part of these financial statements.

Page 4

 
Vox Imaging Technology Ltd
 

 
Notes to the financial statements
For the year ended 31 January 2024

1.


General information

Vox Imaging Technology Ltd is a private company limited by shares and is incorporated in England with registration number 12562594. The registered office address of the company is International House, 64 Nile Street, London, N1 7SR.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Fixtures and fittings
-
25%
Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

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.

Page 5

 
Vox Imaging Technology Ltd
 

 
Notes to the financial statements
For the year ended 31 January 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

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

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 6

 
Vox Imaging Technology Ltd
 

 
Notes to the financial statements
For the year ended 31 January 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 3).


4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 February 2023
405
-
2,663
3,068


Additions
425
283
3,259
3,967



At 31 January 2024

830
283
5,922
7,035



Depreciation


At 1 February 2023
101
-
666
767


Charge for the year on owned assets
76
6
1,035
1,117



At 31 January 2024

177
6
1,701
1,884



Net book value



At 31 January 2024
653
277
4,221
5,151



At 31 January 2023
304
-
1,997
2,301

Page 7

 
Vox Imaging Technology Ltd
 

 
Notes to the financial statements
For the year ended 31 January 2024

5.


Debtors

2024
As Restated 2023
£
£


Other debtors
8,458
5,106

Called up share capital not paid
9
9

Prepayments and accrued income
867
-

9,334
5,115



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
10,204
826

Accruals and deferred income
2,100
1,350

12,304
2,176



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



508,347 (2023 - Nil ) Ordinary shares of £0.00001 each
5
-

Allotted, called up and partly paid



600,000 (2023 - 920,000) Ordinary shares of £0.00001 each
6
9





8.


Controlling party

The ultimate controlling party is Peter West, a director, by virtue of his majority shareholding.


Page 8