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REGISTERED NUMBER: SC066712 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

VOICE TECHNOLOGIES LIMITED

VOICE TECHNOLOGIES LIMITED (REGISTERED NUMBER: SC066712)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VOICE TECHNOLOGIES LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTORS: J L McPherson
J McDougall
D C M G Beggs
M Ross
M McCall
C Wood
I Garratt





REGISTERED OFFICE: 10 Shuttle Street
Paisley
PA1 1YD





REGISTERED NUMBER: SC066712 (Scotland)





ACCOUNTANTS: John M Taylor & Co
Chartered Accountants
9 Glasgow Road
PAISLEY
Renfrewshire
PA1 3QS

VOICE TECHNOLOGIES LIMITED (REGISTERED NUMBER: SC066712)

BALANCE SHEET
31 December 2024

31.12.23 31.12.24
£ £ Notes £
FIXED ASSETS
- Intangible assets 5 -
18,492 Tangible assets 6 20,484
- Investments 7 -
18,492 20,484

CURRENT ASSETS
25,732 Stocks 20,007
561,940 Debtors 8 808,236
1,077,463 Cash at bank and in hand 801,170
1,665,135 1,629,413
CREDITORS
863,849 Amounts falling due within one year 9 790,589
801,286 NET CURRENT ASSETS 838,824
819,778 TOTAL ASSETS LESS CURRENT
LIABILITIES

859,308

CREDITORS
(4,093 ) Amounts falling due after more than one year 10 (63,220 )

(1,911 ) PROVISIONS FOR LIABILITIES 12 -
813,774 NET ASSETS 796,088

CAPITAL AND RESERVES
10,000 Called up share capital 13 10,000
803,774 Retained earnings 14 786,088
813,774 SHAREHOLDERS' FUNDS 796,088

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

VOICE TECHNOLOGIES LIMITED (REGISTERED NUMBER: SC066712)

BALANCE SHEET - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 May 2025 and were signed on its behalf by:




J L McPherson - Director



J McDougall - Director


VOICE TECHNOLOGIES LIMITED (REGISTERED NUMBER: SC066712)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Voice Technologies Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax and adjusted for deferred maintenance income and other deferred contract income.

In respect of contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of contracts for on-going services is recognised by reference to the cost at the balance sheet date plus a contribution to profit dependent on the status of services completed.Contract revenue is recognised when and to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the right to consideration.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development Costs are being amortised evenly over their estimated useful life of ten years.

VOICE TECHNOLOGIES LIMITED (REGISTERED NUMBER: SC066712)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life, or if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property - 2% on reducing balance and 10% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost. Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality.

Taxation
Taxation represents the sum of tax currently payable and deferred tax on a non discounted basis.

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 all 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 and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period which the liability is settled or the asset is realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Research and development
Expenditure on research and development is charged to the profit & loss account in the year in which it is incurred, with the exception of expenditure on the development of new products where the outcome of these is assessed as being reasonably certain as regards visibility and technical feasibility. In such cases that expenditure will be capitalised and amortised evenly over a period of 10 years, commencing in the year that sales of the product are first made.

VOICE TECHNOLOGIES LIMITED (REGISTERED NUMBER: SC066712)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

3. ACCOUNTING POLICIES - continued

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. Amounts owed to the pension scheme at the Balance Sheet date are included in Other Creditors at Note 11.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 30 ) .

5. INTANGIBLE FIXED ASSETS
Development
Costs
£
COST
At 1 January 2024
and 31 December 2024 476,522
AMORTISATION
At 1 January 2024
and 31 December 2024 476,522
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

6. TANGIBLE FIXED ASSETS
Fixtures
Improvements and Computer
Totals to property fittings equipment
£ £ £ £
COST
At 1 January 2024 246,535 43,309 31,459 171,767
Additions 13,661 - - 13,661
At 31 December 2024 260,196 43,309 31,459 185,428
DEPRECIATION
At 1 January 2024 228,043 39,975 30,736 157,332
Charge for year 11,669 502 618 10,549
At 31 December 2024 239,712 40,477 31,354 167,881
NET BOOK VALUE
At 31 December 2024 20,484 2,832 105 17,547
At 31 December 2023 18,492 3,334 723 14,435

VOICE TECHNOLOGIES LIMITED (REGISTERED NUMBER: SC066712)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

7. FIXED ASSET INVESTMENTS

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Voice Technologies (UK) Ltd
Registered office:
Nature of business: Dormant company
%
Class of shares: holding
Ordinary £1 100.00

The directors believe that the investment in Voice Technologies (UK) Ltd is of no value (2023: £nil).

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£ £
Trade debtors 488,619 258,700
Amounts owed by group companies 217,882 217,292
Other debtors 101,735 85,948
808,236 561,940

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£ £
Trade creditors 82,126 89,610
Taxation and social security 98,780 128,832
Other creditors 609,683 645,407
790,589 863,849

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£ £
Other creditors 63,220 4,093

11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£ £
Within one year 31,216 10,740
Between one and five years 87,162 27,745
118,378 38,485

VOICE TECHNOLOGIES LIMITED (REGISTERED NUMBER: SC066712)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

12. PROVISIONS FOR LIABILITIES
31.12.23
£
Deferred tax 1,911

Deferred tax
£
Balance at 1 January 2024 1,911
Accelerated capital allowances (3,926 )
Balance at 31 December 2024 (2,015 )

The deferred tax asset of £2,015 comprises £4,538 from losses carried forward minus £2,523 from accelerated capital allowances (2023: deferred tax liability £1,911 from accelerated capital allowances).

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £ £
10,000 Ordinary £1 10,000 10,000

14. RESERVES
Retained
earnings
£

At 1 January 2024 803,774
Deficit for the year (17,686 )
At 31 December 2024 786,088

15. ULTIMATE CONTROLLING PARTY

Voice Technologies Trustees Limited (as a trustee for Voice Technologies Employee Benefit Trust) is the ultimate controlling party.