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VOXPOP FINANCIAL LIMITED

Registered Number
11347771
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

VOXPOP FINANCIAL LIMITED
Company Information
for the year from 1 June 2023 to 31 May 2024

Director

REED, Adam

Registered Address

Highfield Whitstone Head
Whitstone
Holsworthy
EX22 6TJ

Registered Number

11347771 (England and Wales)
VOXPOP FINANCIAL LIMITED
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets35551,406
5551,406
Current assets
Debtors412,5763,403
Cash at bank and on hand42,07095,012
54,64698,415
Creditors amounts falling due within one year5(13,170)(18,098)
Net current assets (liabilities)41,47680,317
Total assets less current liabilities42,03181,723
Provisions for liabilities6(139)(352)
Net assets41,89281,371
Capital and reserves
Called up share capital22
Profit and loss account41,89081,369
Shareholders' funds41,89281,371
The financial statements were approved and authorised for issue by the Director on 22 January 2025, and are signed on its behalf by:
REED, Adam
Director
Registered Company No. 11347771
VOXPOP FINANCIAL LIMITED
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
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.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment3
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 June 233,2163,216
At 31 May 243,2163,216
Depreciation and impairment
At 01 June 231,8101,810
Charge for year851851
At 31 May 242,6612,661
Net book value
At 31 May 24555555
At 31 May 231,4061,406
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables12,000-
Prepayments and accrued income5763,403
Total12,5763,403
5.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts5,424739
Taxation and social security7,74617,040
Accrued liabilities and deferred income-319
Total13,17018,098
6.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)139352
Total139352
7.Related party transactions
The director maintains a loan account with the company. At the balance sheet date £5,424 (2023:- £738) was owing to the director on this account.