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REGISTERED NUMBER: 07524135 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

VOLTACON UK LIMITED

VOLTACON UK LIMITED (REGISTERED NUMBER: 07524135)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VOLTACON UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: S Kandilidis





REGISTERED OFFICE: Burnsall Road Industrial Estate
Canley
Coventry
CV5 6BU





REGISTERED NUMBER: 07524135 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
5 Argosy Court
Scimitar Way
Whitley Business Park
Coventry
CV3 4GA

VOLTACON UK LIMITED (REGISTERED NUMBER: 07524135)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 157,128 149,798

CURRENT ASSETS
Stocks 298,000 346,000
Debtors 5 109,009 187,769
Cash at bank and in hand 176,381 118,113
583,390 651,882
CREDITORS
Amounts falling due within one year 6 275,749 270,193
NET CURRENT ASSETS 307,641 381,689
TOTAL ASSETS LESS CURRENT
LIABILITIES

464,769

531,487

CREDITORS
Amounts falling due after more than one
year

7

(38,503

)

(132,325

)

PROVISIONS FOR LIABILITIES (16,757 ) (14,301 )
NET ASSETS 409,509 384,861

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 409,409 384,761
SHAREHOLDERS' FUNDS 409,509 384,861

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

VOLTACON UK LIMITED (REGISTERED NUMBER: 07524135)

BALANCE SHEET - continued
28 FEBRUARY 2023


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 director and authorised for issue on 27 November 2023 and were signed by:





S Kandilidis - Director


VOLTACON UK LIMITED (REGISTERED NUMBER: 07524135)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Voltacon UK Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Freehold property - 2% on cost
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

VOLTACON UK LIMITED (REGISTERED NUMBER: 07524135)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 March 2022 96,739 71,298 12,160
Additions - - -
At 28 February 2023 96,739 71,298 12,160
DEPRECIATION
At 1 March 2022 13,383 30,019 7,631
Charge for year 1,935 7,130 1,132
At 28 February 2023 15,318 37,149 8,763
NET BOOK VALUE
At 28 February 2023 81,421 34,149 3,397
At 28 February 2022 83,356 41,279 4,529

VOLTACON UK LIMITED (REGISTERED NUMBER: 07524135)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2022 9,196 29,999 11,263 230,655
Additions 1,836 21,989 2,704 26,529
At 28 February 2023 11,032 51,988 13,967 257,184
DEPRECIATION
At 1 March 2022 7,051 14,048 8,725 80,857
Charge for year 678 6,736 1,588 19,199
At 28 February 2023 7,729 20,784 10,313 100,056
NET BOOK VALUE
At 28 February 2023 3,303 31,204 3,654 157,128
At 28 February 2022 2,145 15,951 2,538 149,798

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 89,679 176,044
Other debtors 19,330 11,725
109,009 187,769

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 29,167 29,003
Trade creditors 126,619 140,271
Taxation and social security 114,044 98,919
Other creditors 5,919 2,000
275,749 270,193

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 38,405 68,334
Other creditors 98 63,991
38,503 132,325

VOLTACON UK LIMITED (REGISTERED NUMBER: 07524135)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 10,074 -
Between one and five years 22,896 -
32,970 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 67,572 97,337

National Westminster Bank PLC holds two legal charges over the freehold property of the company, one created on 27 April 2015 and the other created on 4 March 2019.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Kandilidis.