Company No: 11497361 (England and Wales)

Contents

• Company Information
• Statement of Financial Position
• Notes to the Unaudited Financial Statements

DIRECTOR	C D Summerfield
REGISTERED OFFICE	50-51 Malvern Hills Science Park
	Geraldine Road
	Malvern
	WR14 3SZ
	United Kingdom
COMPANY NUMBER	11497361(England and Wales)
CHARTERED ACCOUNTANTS	Bishop Fleming LLP
	1-3 College Yard
	Worcester
	WR1 2LB

		2020		2019
	Note	£		£
Fixed assets
Tangible assets	3	448		0
		448		0
Current assets
Debtors	4	30,871		0
Cash at bank and in hand		26,386		126
		57,257		126
Creditors
Amounts falling due within one year	5	( 16,122)		( 7,517)
Net current assets/(liabilities)		41,135		(7,391)
Total assets less current liabilities		41,583		(7,391)
Net assets/(liabilities)		41,583		( 7,391)
Capital and reserves
Called-up share capital		100		100
Profit and loss account		41,483		( 7,491 )
Total shareholder's funds/(deficit)		41,583		( 7,391)

For the financial year ending 31 August 2020 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Voice Biometrics Limited (registered number: 11497361) were approved and authorised for issue by the Director on 27 March 2021. They were signed on its behalf by:

C D Summerfield Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period.

General information and basis of accounting

Voice Biometrics Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 50-51 Malvern Hills Science Park, Geraldine Road, Malvern, WR14 3SZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.

The functional currency of Voice Biometrics Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

The prior period, ended 31 August 2019, covered the 13 month period from 1 August 2018.

Going concern

The director has reviewed budgets and forecasts for a period of 12 months following the date of approval of the financial statements and is of the opinion that the financial statements are correctly prepared on the going concern basis. The Company continues to hold healthy cash reserves and has a strong balance sheet. The directors have considered the going concern of the business in light of challenges faced in relation to COVID-19 and feel that the Company is well structured to respond to these challenges for the foreseeable future. The directors therefore continue to adopt the going concern basis in preparing these financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Computer equipment - 25% reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Comprehensive Income as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial in such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

	2020	2019
	Number	Number
Monthly average number of persons employed by the Company during the period, including director	1	1

3. Tangible assets

	Office equipment	Total
	£	£
Cost/Valuation
At 01 September 2019	0	0
Additions	598	598
At 31 August 2020	598	598
Accumulated depreciation
At 01 September 2019	0	0
Charge for the financial year	150	150
At 31 August 2020	150	150
Net book value
At 31 August 2020	448	448
At 31 August 2019	0	0

4. Debtors

	2020	2019
	£	£
Trade debtors	25,745	0
VAT recoverable	5,126	0
	30,871	0

5. Creditors: amounts falling due within one year

	2020	2019
	£	£
Trade creditors	1,200	0
Amounts owed to director	882	5,917
Accruals	1,600	1,600
Corporation tax	12,440	0
	16,122	7,517

6. Related party transactions

Transactions with the entity's director

	2020	2019
	£	£
Amounts owed to the directors	882	5,917