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Registration number: 04546709

One Voice Design Consultancy Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

One Voice Design Consultancy Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

One Voice Design Consultancy Limited

Company Information

Directors

CH Harrison

AI Stoddart

Company secretary

CH Harrison

Registered office

Bridge Mills
Huddersfield Road
Holmfirth
West Yorkshire
HD9 3TW

 

One Voice Design Consultancy Limited

(Registration number: 04546709)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

163,239

137,188

Current assets

 

Debtors

6

805,170

729,868

Cash at bank and in hand

 

833,497

736,706

 

1,638,667

1,466,574

Creditors: Amounts falling due within one year

7

(399,148)

(290,683)

Net current assets

 

1,239,519

1,175,891

Total assets less current liabilities

 

1,402,758

1,313,079

Provisions for liabilities

(31,016)

(34,297)

Net assets

 

1,371,742

1,278,782

Capital and reserves

 

Called up share capital

2

2

Retained earnings

1,371,740

1,278,780

Shareholders' funds

 

1,371,742

1,278,782

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

One Voice Design Consultancy Limited

(Registration number: 04546709)
Balance Sheet as at 31 December 2024

Approved and authorised by the Board on 22 April 2025 and signed on its behalf by:
 

.........................................
CH Harrison
Company secretary and director

.........................................
AI Stoddart
Director

 
     
 

One Voice Design Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Bridge Mills
Huddersfield Road
Holmfirth
West Yorkshire
HD9 3TW
United Kingdom

These financial statements were authorised for issue by the Board on 22 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

One Voice Design Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% on reducing balance

Computer equipment

33% on straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

5 years on straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

One Voice Design Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2023 - 7).

 

One Voice Design Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 January 2024

20,000

20,000

At 31 December 2024

20,000

20,000

Amortisation

At 1 January 2024

20,000

20,000

At 31 December 2024

20,000

20,000

Carrying amount

At 31 December 2024

-

-

 

One Voice Design Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5

Tangible assets

Fixtures and fittings
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2024

56,860

95,147

149,127

301,134

Additions

1,122

7,422

186,048

194,592

Disposals

-

-

(149,127)

(149,127)

At 31 December 2024

57,982

102,569

186,048

346,599

Depreciation

At 1 January 2024

50,661

83,460

29,825

163,946

Charge for the year

1,464

10,565

37,210

49,239

Eliminated on disposal

-

-

(29,825)

(29,825)

At 31 December 2024

52,125

94,025

37,210

183,360

Carrying amount

At 31 December 2024

5,857

8,544

148,838

163,239

At 31 December 2023

6,199

11,687

119,302

137,188

 

One Voice Design Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

557,483

444,443

Prepayments

2,729

1,957

Other debtors

244,958

283,468

 

805,170

729,868

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

56,140

74,630

Taxation and social security

321,115

209,969

Accruals and deferred income

3,350

3,175

Other creditors

18,543

2,909

399,148

290,683

8

Related party transactions

Transactions with directors

2024

At 1 January 2024
£

Advances to director
£

Repayments by director
£

At 31 December 2024
£

CH Harrison

Interest has been charged at a rate of 2.25% p.a. There are no conditions attached to this loan. The amounts disclosed represent aggregates.

137,364

189,387

(200,000)

126,751

AI Stoddart

Interest has been charged at a rate of 2.25% p.a. There are no conditions attached to this loan. The amounts disclosed represent aggregates.

127,662

190,543

(200,000)

118,205

 

One Voice Design Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

2023

At 1 January 2023
£

Advances to director
£

Repayments by director
£

At 31 December 2023
£

CH Harrison

Interest has been charged at a rate of 2.25% p.a. There are no conditions attached to this loan. The amounts disclosed represent aggregates.

126,788

140,576

(130,000)

137,364

AI Stoddart

Interest has been charged at a rate of 2.25% p.a. There are no conditions attached to this loan. The amounts disclosed represent aggregates.

120,115

137,547

(130,000)

127,662