Company Registration No. 04785166 (England and Wales)
VOICE 2 VOICE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2014
VOICE 2 VOICE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
VOICE 2 VOICE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
58,285
56,544
Current assets
Stocks
32,280
52,539
Debtors
301,752
208,254
Cash at bank and in hand
458,176
400,595
792,208
661,388
Creditors: amounts falling due within one year
(288,173)
(226,629)
Net current assets
504,035
434,759
Total assets less current liabilities
562,320
491,303
Provisions for liabilities
(9,274)
(8,223)
553,046
483,080
Capital and reserves
Called up share capital
3
200
200
Profit and loss account
552,846
482,880
Shareholders' funds
553,046
483,080
For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 7 May 2015
Mr Warren Stroud
Director
Company Registration No. 04785166
VOICE 2 VOICE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
20% straight line
Plant and machinery
25% reducing balance
Computer equipment
25% reducing balance
Fixtures, fittings & equipment
10% reducing balance
1.5
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.6
Stock
Stock is valued at the lower of cost and net realisable value.
1.7
Pensions
1.8
Deferred taxation
Deferred taxation is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax at a future date at rates expected to apply when then crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in financial statements. Deferred tax assets are recongmised to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax assets are liabilities are not discounted.
VOICE 2 VOICE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2014
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2014
105,854
Additions
16,820
Disposals
(532)
At 31 December 2014
122,142
Depreciation
At 1 January 2014
49,311
On disposals
(350)
Charge for the year
14,896
At 31 December 2014
63,857
Net book value
At 31 December 2014
58,285
At 31 December 2013
56,544
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
200 Ordinary shares of £1 each
200
200