REGISTERED NUMBER: 07804262 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

VOCALCOM UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

MS L BLOT

REGISTERED OFFICE:

C/O GOLDWYNS LONDON LLP,

No.1 ROYAL EXCHANGE

LONDON

EC3V 3DG

REGISTERED NUMBER:

07804262 (England and Wales)

SENIOR STATUTORY AUDITOR:

MARTIN MYERS FCA

AUDITORS:

GOLDWYNS AUDIT LLP

STATUTORY AUDITOR

1 ROYAL EXCHANGE

LONDON

EC3V 3DG

FIXED ASSETS

Tangible assets

4

246

646

CURRENT ASSETS

Debtors

5

90,585

28,760

CREDITORS

Amounts falling due within one year

6

5,369,191

5,311,121

NET CURRENT LIABILITIES

(5,278,606

)

(5,282,361

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,278,360

)

(5,281,715

)

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

8

(5,278,361

)

(5,281,716

)

SHAREHOLDERS' FUNDS

(5,278,360

)

(5,281,715

)

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 director and authorised for issue on 3 July 2025 and were signed by:

MS L BLOT - Director

1.	STATUTORY INFORMATION

Vocalcom UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The principal accounting policies adopted are set out below.

Going concern

At the year-end, the company had net liabilities of £5.27m (2023 - £5.28m) which included the sum of £5.24m owed to fellow group companies.

The company has received an undertaking from these group companies that they will continue to provide financial support to the company and that they will not seek payment of the amount owed by the company should that compromise the company's ability to trade for a period of at least 12 months from the date of approval of these financial statements.

At the time of approving these financial statements, the directors have a reasonable expectation that the company has adequate resources together with the continued financial support of group undertakings to continue in operational existence for the foreseeable future.

On this basis, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of perpetual software licences is recognised when the significant risks and rewards of ownership of the software licence have passed to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from the supply of periodic software licences is recognised over the term of the contracted period.

Revenue in respect of maintenance and support contracts is recognised over the term of the contract.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Computer equipment - 33% on cost

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2024

and 31 December 2024

86,320

DEPRECIATION

At 1 January 2024

85,674

Charge for year

400

At 31 December 2024

86,074

NET BOOK VALUE

At 31 December 2024

246

At 31 December 2023

646

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

81,676

15,570

Other debtors

3,542

3,542

VAT

1,496

5,038

Prepayments and accrued income

3,871

4,610

90,585

28,760

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

48,904

40,262

Amounts owed to group undertakings

5,240,596

5,214,297

Social security and other taxes

2,410

11,419

Other creditors

7,572

5,322

Accruals and deferred income

69,709

39,821

5,369,191

5,311,121

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

£1

1

1

8.

RESERVES

Retained

earnings

£

At 1 January 2024

(5,281,716

)

Profit for the year

3,355

At 31 December 2024

(5,278,361

)

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

MARTIN MYERS FCA (Senior Statutory Auditor)

for and on behalf of GOLDWYNS AUDIT LLP

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption under section 33.1A of FRS102 from the requirement to disclose transactions with group companies on the grounds that consolidated financial statements are prepared by the ultimate parent company, which are publicly available.

11.	ULTIMATE PARENT COMPANY

The ultimate parent is Willink, a company registered in France. The registered office of Willink is 21 Rue Balzac - 75008 Paris.

The parent of the smallest and largest group of which the company is a member and for which consolidated accounts are prepared is Willink - Copies of the consolidated accounts of Willink can be obtained from the company's registered office.