REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
1 JUNE 2023 TO 30 NOVEMBER 2024 |
FOR |
VOC CORP LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
1 JUNE 2023 TO 30 NOVEMBER 2024 |
FOR |
VOC CORP LTD |
VOC CORP LTD (REGISTERED NUMBER: 12097728) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JUNE 2023 TO 30 NOVEMBER 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 | to | 3 |
Notes to the Financial Statements | 4 | to | 7 |
VOC CORP LTD |
COMPANY INFORMATION |
FOR THE PERIOD 1 JUNE 2023 TO 30 NOVEMBER 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
123 Wellington Road South |
Stockport |
Cheshire |
SK1 3TH |
VOC CORP LTD (REGISTERED NUMBER: 12097728) |
BALANCE SHEET |
30 NOVEMBER 2024 |
30/11/24 | 31/5/23 |
Notes | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Share premium |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
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. |
VOC CORP LTD (REGISTERED NUMBER: 12097728) |
BALANCE SHEET - continued |
30 NOVEMBER 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
VOC CORP LTD (REGISTERED NUMBER: 12097728) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JUNE 2023 TO 30 NOVEMBER 2024 |
1. | STATUTORY INFORMATION |
VOC Corp Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 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. |
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. |
Tangible fixed assets |
Plant and machinery etc | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
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. |
VOC CORP LTD (REGISTERED NUMBER: 12097728) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JUNE 2023 TO 30 NOVEMBER 2024 |
2. | ACCOUNTING POLICIES - continued |
Research and development |
Expenditure on research activities is recognised as an expense in the period in which it is incurred. |
In the event that an internally generated intangible asset arises from the company's development activities then it will be recognised only if all of the following conditions are met: |
- an asset is created that can be separately identified; |
- the project from which the asset arises meets the company's criteria for assessing technical feasibility; |
- it is probable that the asset created will generate future economic benefits; and |
- the development cost of the asset can be measured reliably. |
Internally generated intangible assets are amortised on a straight-line basis over their useful lives. Where no internally generated intangible asset can be recognised, development expenditure is recognised as an expense in the period in which it is incurred. |
Subsequent expenditure on capitalised intangible assets is capitalised only when it increases the future economic benefits embodied in the specific asset to which it relates. All other expenditure is expensed as incurred. |
Research and development expenditure capitalised in accordance with the above policy is written off over the expected life of the project which is estimated to be five years. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
At 1 June 2023 |
and 30 November 2024 |
AMORTISATION |
At 1 June 2023 |
Charge for period |
At 30 November 2024 |
NET BOOK VALUE |
At 30 November 2024 |
At 31 May 2023 |
VOC CORP LTD (REGISTERED NUMBER: 12097728) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JUNE 2023 TO 30 NOVEMBER 2024 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 June 2023 |
and 30 November 2024 |
DEPRECIATION |
At 1 June 2023 |
Charge for period |
At 30 November 2024 |
NET BOOK VALUE |
At 30 November 2024 |
At 31 May 2023 |
6. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertaking |
£ |
COST |
At 1 June 2023 |
and 30 November 2024 |
NET BOOK VALUE |
At 30 November 2024 |
At 31 May 2023 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/11/24 | 31/5/23 |
£ | £ |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/11/24 | 31/5/23 |
£ | £ |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
VOC CORP LTD (REGISTERED NUMBER: 12097728) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JUNE 2023 TO 30 NOVEMBER 2024 |
9. | CALLED UP SHARE CAPITAL |
Number: | Class: | Nominal value: | 31/5/24 | 31/5/23 |
£ | £ |
2,341,021 (2023: 2,341,021) | Ordinary | £0.000001 | 2 | 2 |
630,553 (2023: 630,553) | Preference | £0.000001 | 1 | 1 |
3 | 3 |
The share classes above carry differential rights to the distribution of assets on liquidation or return of capital. In all other respects the shares rank pari-passu. |