Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 10550557 Mr L A Carrington-Morris Mrs E R Carrington-Morris iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10550557 2023-01-31 10550557 2024-01-31 10550557 2023-02-01 2024-01-31 10550557 frs-core:CurrentFinancialInstruments 2024-01-31 10550557 frs-core:Non-currentFinancialInstruments 2024-01-31 10550557 frs-core:BetweenOneFiveYears 2024-01-31 10550557 frs-core:FurnitureFittings 2024-01-31 10550557 frs-core:FurnitureFittings 2023-02-01 2024-01-31 10550557 frs-core:FurnitureFittings 2023-01-31 10550557 frs-core:NetGoodwill 2024-01-31 10550557 frs-core:NetGoodwill 2023-02-01 2024-01-31 10550557 frs-core:NetGoodwill 2023-01-31 10550557 frs-core:MotorVehicles 2024-01-31 10550557 frs-core:MotorVehicles 2023-02-01 2024-01-31 10550557 frs-core:MotorVehicles 2023-01-31 10550557 frs-core:WithinOneYear 2024-01-31 10550557 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 10550557 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10550557 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 10550557 frs-bus:SmallEntities 2023-02-01 2024-01-31 10550557 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 10550557 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 10550557 frs-bus:Director1 2023-02-01 2024-01-31 10550557 frs-bus:Director2 2023-02-01 2024-01-31 10550557 frs-countries:EnglandWales 2023-02-01 2024-01-31 10550557 2022-01-31 10550557 2023-01-31 10550557 2022-02-01 2023-01-31 10550557 frs-core:CurrentFinancialInstruments 2023-01-31 10550557 frs-core:Non-currentFinancialInstruments 2023-01-31 10550557 frs-core:BetweenOneFiveYears 2023-01-31 10550557 frs-core:MotorVehicles 2022-02-01 2023-01-31 10550557 frs-core:WithinOneYear 2023-01-31 10550557 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 10550557
Voice Magazines Limited
Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10550557
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 6,891 11,377
6,891 11,377
CURRENT ASSETS
Debtors 6 46,639 58,185
Cash at bank and in hand 56,038 47,747
102,677 105,932
Creditors: Amounts Falling Due Within One Year 7 (59,251 ) (77,000 )
NET CURRENT ASSETS (LIABILITIES) 43,426 28,932
TOTAL ASSETS LESS CURRENT LIABILITIES 50,317 40,309
Creditors: Amounts Falling Due After More Than One Year 8 (31,176 ) (39,050 )
NET ASSETS 19,141 1,259
Profit and Loss Account 19,141 1,259
SHAREHOLDERS' FUNDS 19,141 1,259
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs E R Carrington-Morris
Director
30 October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Voice Magazines Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10550557 . The registered office is 40 High Street, South Normanton, Alfreton, Derbyshire, DE55 2BP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of five years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 7)
6 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2023 11,000
As at 31 January 2024 11,000
Amortisation
As at 1 February 2023 11,000
As at 31 January 2024 11,000
Net Book Value
As at 31 January 2024 -
As at 1 February 2023 -
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 February 2023 11,845 16,805 28,650
Additions - 350 350
As at 31 January 2024 11,845 17,155 29,000
Depreciation
As at 1 February 2023 6,515 10,758 17,273
Provided during the period 1,066 3,770 4,836
As at 31 January 2024 7,581 14,528 22,109
Net Book Value
As at 31 January 2024 4,264 2,627 6,891
As at 1 February 2023 5,330 6,047 11,377
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 4,264 5,330
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 10,253 9,649
Other debtors 36,386 48,536
46,639 58,185
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,319 2,319
Trade creditors 20,381 32,037
Bank loans and overdrafts 5,556 5,556
Corporation tax 7,842 10,482
Other taxes and social security 20,236 24,062
Other creditors 141 207
Accruals and deferred income 840 840
Directors' loan accounts 1,936 1,497
59,251 77,000
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 1,546 3,865
Bank loans 29,630 35,185
31,176 39,050
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,319 2,319
Later than one year and not later than five years 1,546 3,865
3,865 6,184
3,865 6,184
10. Share Capital
2024 2023
£ £
Page 5