Voiceserve Limited - Period Ending 2016-03-31

Registration number: 04401935

Voiceserve Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Voiceserve Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Voiceserve Limited
(Registration number: 04401935)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Current assets
Debtors					106,840			154,131
Cash at bank and in hand					16,855			223,061
					123,695			377,192
Creditors: Amounts falling due within one year					(576,565)			(980,984)
Net liabilities					(452,870)			(603,792)
Capital and reserves
Called up share capital		3			222			222
Share premium account					199,943			199,943
Profit and loss account					(653,035)			(803,957)
Shareholders' deficit					(452,870)			(603,792)

For the year ending 31 March 2016 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 16 December 2016 and signed on its behalf by:

.........................................
Mr A Ellinson
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Voiceserve Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

The financial statements have been prepared on a going concern basis.

The directors have prepared the financial statements on a going concern basis as the parent company has provided an undertaking that the group will not seek repayments of amounts owed if it will prevent the company from meeting its liabilities as they fall due for a period of 12 months from the approval of these financial statements. Having reviewed the company position the directors consider adequate resources exist to enable the company to continue trading for 12 months from approval of these financial statements and have therefore concluded it appropriate to prepare the financial statements on a going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% reducing balance
Computer equipment	25 % reducing balance

Deferred tax

Where material, full provision is made for deferred tax asset and liabilities arising from all timing differences between the recognition of gains and losses in the finanical statements and recognition in the tax computation. A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the futrue reversal of the underlying timing differences an be deducted. Deferrred tax assets and liabilities are calculated at the tax rates expected to be effective at the time timing differrences are expected to reverse. Deferred tax assets and liabilities are not discounted.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

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Voiceserve Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		47,923			47,923
At 31 March 2016		47,923			47,923
Depreciation
At 1 April 2015		47,923			47,923
At 31 March 2016		47,923			47,923
Net book value
At 31 March 2016		-			-
At 31 March 2015		-			-

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £0.01 each		22,224			222			22,224			222

4

Control

The company is controlled by Voiceserve, Inc. a company incorporated in Delaware USA. All the directors of Voiceserve Limited are shareholders of Voiceserve, Inc.

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