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Registered Number: 12012036
England and Wales

 

 

 


Report of the Director and Unaudited Financial Statements

for the year ended 31 May 2023

for

VOLTSHARE LTD

 
 
 
£
2023
£
   
£
2022
£
Fixed assets 6,898  7,500 
Current assets 42,618  22,000 
Creditors: amount falling due within one year (81,239) (36,911)
Net current assets (38,621) (14,911)
Total assets less current liabilities (31,723) (7,411)
Creditors: amount falling due after more than one year (110,000) (110,000)
Accrued liabilities (359)
Net assets (142,082) (117,411)
 
Capital and reserves (142,082) (117,411)
 
  1. For the year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Sheng Liu
Director

Date approved: 13 February 2024
1
Statutory Information
VOLTSHARE LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 12012036, registration address 1 Elmfield Park, Bromley, BR1 1LU, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment40% Reducing Balance
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
2.

Intangible fixed assets

Cost or Valuation Other   Total
  £   £
At 01 June 2022 9,375    9,375 
Additions  
Disposals  
At 31 May 2023 9,375    9,375 
Amortisation
At 01 June 2022 1,875    1,875 
Charge for year 1,500    1,500 
On disposals  
At 31 May 2023 3,375    3,375 
Net book values
At 31 May 2023 6,000    6,000 
At 31 May 2022 7,500    7,500 

3.

Tangible fixed assets

Cost or Valuation Computer Equipment   Total
  £   £
At 01 June 2022  
Additions 1,497    1,497 
Disposals  
At 31 May 2023 1,497    1,497 
Depreciation
At 01 June 2022  
Charge for year 599    599 
On disposals  
At 31 May 2023 599    599 
Net book values
Closing balance as at 31 May 2023 898    898 
Opening balance as at 01 June 2022  

4.

Average number of employees

Average number of employees during the year was 5  (2022: 6).
2