Abbreviated Company Accounts - CERTIVOX LIMITED

07498769 CERTIVOX LIMITED 2014-06-30 false 2013-07-01 2014-06-30 true 07498769 2013-07-01 2014-06-30 07498769 2014-06-30 07498769 2013-06-30 07498769 uk-gaap-cd-bus:Director1 2013-07-01 2014-06-30 07498769 uk-gaap-cd-bus:Director2 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-30 uk-gaap-cd-bus:OrdinaryShareClass2 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass2 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass2 2013-06-30 uk-gaap-cd-bus:OrdinaryShareClass3 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass3 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass3 2013-06-30 iso4217:GBP shares

Registered Number 07498769

CERTIVOX LIMITED

Abbreviated Accounts

30 June 2014

CERTIVOX LIMITED Registered Number 07498769

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	43,721	12,481
Investments	3	833,654	833,654
		877,375	846,135
Current assets
Debtors	4	6,412,299	4,719,206
Cash at bank and in hand		3,941,092	911,638
		10,353,391	5,630,844
Creditors: amounts falling due within one year		(45,423)	(847)
Net current assets (liabilities)		10,307,968	5,629,997
Total assets less current liabilities		11,185,343	6,476,132
Creditors: amounts falling due after more than one year		(60,112)	(110,112)
Total net assets (liabilities)		11,125,231	6,366,020
Capital and reserves
Called up share capital	5	42,060	41,852
Share premium account		11,321,424	6,486,031
Profit and loss account		(238,253)	(161,863)
Shareholders' funds		11,125,231	6,366,020

For the year ending 30 June 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 18 February 2015

And signed on their behalf by:
B Spector, Director

CERTIVOX LIMITED Registered Number 07498769

Notes to the Abbreviated Accounts for the period ended 30 June 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Computer Software - 25% straight line

2Tangible fixed assets

	£
Cost
At 1 July 2013	21,397
Additions	41,196
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	62,593
Depreciation
At 1 July 2013	8,916
Charge for the year	9,956
On disposals	-
At 30 June 2014	18,872
Net book values
At 30 June 2014	43,721
At 30 June 2013	12,481

3Fixed assets Investments
Fixed asset investments comprise the net book value of shares in subsidiary undertakings. The company owns 100% of the issued share capital of the following companies:

Name Country of incorporation Nature of Business
CertiVox UK Limited England & Wales Software for cloud security
CertiVox IOM Limited Isle of Man Not trading
CertiVox Inc. United States of America Dormant

4Debtors

	2014 £	2013 £
Debtors include the following amounts due after more than one year	6,404,530	4,717,476

These amounts are owed by Group Undertakings

5Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2,156,149 Ordinary shares of £0.01 each	21,561	21,561
2,029,068 A2 Ordinary shares of £0.01 each	20,291	20,291
2,080,516 B Ordinary shares of £0.0001 each (0 shares for 2013)	208	0

All shares rank pari passu with each other, save that the B and A2 shares have the right to a priority payment in the event of winding up or return of capital of the amount paid for the shares (B in advance of A2).

During the year the company issued 1,794,059 B Ordinary shares at a price of £2.3968 per share. In addition a further 286,457 B Ordinary shares were issued in respect of an outstanding £550,000 Convertible Loan Note that was fully converted to equity during the year. Subsequent to the end of the year, in September 2014, the company issued a further 872,037 B Ordinary shares at a price of £2.3968 per share.