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REGISTERED NUMBER: 13536239 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

VOLTSYSTEMS LTD

VOLTSYSTEMS LTD (REGISTERED NUMBER: 13536239)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

VOLTSYSTEMS LTD

Company Information
for the Year Ended 31 July 2023







DIRECTORS: N Benson
J J C Caldwell





SECRETARY: Ms K Benson





REGISTERED OFFICE: 56 Barn Hey Crescent
Wirral
CH47 9RP





REGISTERED NUMBER: 13536239 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

VOLTSYSTEMS LTD (REGISTERED NUMBER: 13536239)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,087 14,782

CURRENT ASSETS
Debtors 5 2,916 10,001
Cash at bank 149,784 3,613
152,700 13,614
CREDITORS
Amounts falling due within one year 6 135,234 28,319
NET CURRENT ASSETS/(LIABILITIES) 17,466 (14,705 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,553

77

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 28,453 (23 )
SHAREHOLDERS' FUNDS 28,553 77

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by:





N Benson - Director


VOLTSYSTEMS LTD (REGISTERED NUMBER: 13536239)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Voltsystems Ltd 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 1,043 14,000 15,043
DEPRECIATION
At 1 August 2022 261 - 261
Charge for year 195 3,500 3,695
At 31 July 2023 456 3,500 3,956
NET BOOK VALUE
At 31 July 2023 587 10,500 11,087
At 31 July 2022 782 14,000 14,782

VOLTSYSTEMS LTD (REGISTERED NUMBER: 13536239)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 2,188 10,001
Other debtors 728 -
2,916 10,001

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 81,322 6,737
Taxation and social security 36,794 -
Other creditors 17,118 21,582
135,234 28,319

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary 1 100 100

8. RESERVES
Retained
earnings
£   

At 1 August 2022 (23 )
Profit for the year 70,276
Dividends (41,800 )
At 31 July 2023 28,453

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 July 2023 and the period ended 31 July 2022:

31.7.23 31.7.22
£    £   
N Benson
Balance outstanding at start of year (10,819 ) -
Amounts advanced 37,607 21,314
Amounts repaid (26,457 ) (32,133 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 331 (10,819 )

J J C Caldwell
Balance outstanding at start of year (9,432 ) -
Amounts advanced 9,551 15,362
Amounts repaid (520 ) (24,794 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (401 ) (9,432 )

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N Benson.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Voltsystems Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Voltsystems Ltd for the year ended 31 July 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Voltsystems Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Voltsystems Ltd and state those matters that we have agreed to state to the Board of Directors of Voltsystems Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Voltsystems Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Voltsystems Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Voltsystems Ltd. You consider that Voltsystems Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Voltsystems Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE


22 November 2023