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VOLTSERVE LTD

Registered Number
15235131
(England and Wales)

Unaudited Financial Statements for the Period ended
31 October 2024

VOLTSERVE LTD
Company Information
for the period from 25 October 2023 to 31 October 2024

Directors

Olasemeji Olamide Fawehinmi
Colin William Fletcher
Ninan Chirathalattu Joy

Registered Address

Bedford Heights
Brickhill Drive
Bedford
MK41 7PH

Registered Number

15235131 (England and Wales)
VOLTSERVE LTD
Balance Sheet as at
31 October 2024

Notes

2024

£

£

Fixed assets
Tangible assets32,020
2,020
Current assets
Debtors414,368
Cash at bank and on hand1,641
16,009
Creditors amounts falling due within one year5(16,627)
Net current assets (liabilities)(618)
Total assets less current liabilities1,402
Net assets1,402
Capital and reserves
Called up share capital300
Profit and loss account1,102
Shareholders' funds1,402
The financial statements were approved and authorised for issue by the Board of Directors on 16 January 2025, and are signed on its behalf by:
Colin William Fletcher
Director
Ninan Chirathalattu Joy
Director
Olasemeji Olamide Fawehinmi
Director

Registered Company No. 15235131
VOLTSERVE LTD
Notes to the Financial Statements
for the period ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment3
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

2024
Average number of employees during the year3
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
Additions3,0303,030
At 31 October 243,0303,030
Depreciation and impairment
Charge for year1,0101,010
At 31 October 241,0101,010
Net book value
At 31 October 242,0202,020
At 24 October 23--
4.Debtors: amounts due within one year

2024

£
Trade debtors / trade receivables13,458
Other debtors910
Total14,368
5.Creditors: amounts due within one year

2024

£
Amounts owed to related parties14,100
Taxation and social security1,839
Accrued liabilities and deferred income688
Total16,627
6.Related party transactions
Within creditors due within one year is an amount of £3,900 due to an associated company, Altera Consulting Limited, the loan is interest free with no fixed terms of repayment. Within creditors due within one year is an amount of £3,300 due to an associated company, NCJ Power Limited, the loan is interest free with no fixed terms of repayment. Within creditors due within one year is an amount of £6,900 due to an associated company, Fletcherweb Limited, the loan is interest free with no fixed terms of repayment.