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Registered number: 13277070









VOLT ACTIVE DATA UK, LTD









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
VOLT ACTIVE DATA UK, LTD
REGISTERED NUMBER: 13277070

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
735,401
640,264

Cash at bank and in hand
 5 
12,835
73,859

  
748,236
714,123

Creditors: amounts falling due within one year
 6 
(315,032)
(373,630)

Net current assets
  
 
 
433,204
 
 
340,493

Total assets less current liabilities
  
433,204
340,493

  

Net assets
  
433,204
340,493


Capital and reserves
  

Called up share capital 
  
1
1

Other reserves
 7 
166,221
155,779

Profit and loss account
 7 
266,982
184,713

  
433,204
340,493


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 June 2025.




................................................
S Levetin
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 1

 
VOLT ACTIVE DATA UK, LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024


Called up share capital
Other reserves
Profit and loss account
Total equity

£
£
£
£


At 1 January 2023 (as previously stated)
1
-
130,418
130,419

Prior year adjustment
-
127,876
(11,806)
116,070


At 1 January 2023 (as restated)
1
127,876
118,612
246,489


Comprehensive income for the year

Profit for the year
-
-
66,101
66,101
Total comprehensive income for the year
-
-
66,101
66,101


Contributions by and distributions to owners

Share based payments
-
27,903
-
27,903



At 1 January 2024
1
155,779
184,713
340,493


Comprehensive income for the year

Profit for the year
-
-
82,269
82,269
Total comprehensive income for the year
-
-
82,269
82,269


Contributions by and distributions to owners

Share based payments
-
10,442
-
10,442


At 31 December 2024
1
166,221
266,982
433,204


The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
VOLT ACTIVE DATA UK, LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Volt Active Data UK, Ltd ("the Company") is a company incorporated in the United Kingdom under the Companies Act. 
The Company is a private company limited by shares and is registered in England and Wales. The address of the Company's registered office is Suite 4, 7th Floor, 50 Broadway, London, SW1H 0DB.
The principal activities of the Company are providing sales and marketing support for the parent company Volt Active Data, Inc.
The financial statements are presented in £ sterling, the functional currency, rounded to the nearest £1. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared on a going concern basis, under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP and the financial statements are rounded to the nearest £.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Revenue

Revenue represents amounts charged to the Company's parent under an agreement for sales and marketing support provided, excluding value added tax. Revenue is recognised when chargeable costs are incurred.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
VOLT ACTIVE DATA UK, LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Pensions

Defined contribution pension plan
The Company operates a defined contribution pension plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds

 
2.8

Share-based payments

Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each balance sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.
The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the Company keeping the scheme open or the employee maintaining any contributions required by the scheme).
Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.
Where equity instruments are granted to persons other than employees, profit or loss is charged with fair value of goods and services received.

Page 4

 
VOLT ACTIVE DATA UK, LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
VOLT ACTIVE DATA UK, LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 7).


4.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
663,615
567,231

Other debtors
1,999
2,506

Prepayments and accrued income
26,205
29,605

Deferred taxation
43,582
40,922

735,401
640,264


Deferred taxation falls due after more than one year.


5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
12,835
73,859


Page 6

 
VOLT ACTIVE DATA UK, LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
10,861
9,186

Corporation tax
25,798
34,909

Other taxation and social security
43,460
45,059

Other creditors
26,419
24,209

Accruals and deferred income
208,494
260,267

315,032
373,630



7.


Reserves

Other reserves

Other reserves include reserves related to share-based payments granted to certain employees of the Company.

Profit and loss account

The profit and loss reserve represents cumulative retained profits and loss, net of distributions to owners.


8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £45,352 (2023: £40,319). Contributions totalling £8,107 (2023: £7,911) were payable to the fund at the balance sheet date and are included in creditors.


9.


Parent entity

The company’s immediate parent company throughout the period, through their 100% shareholding of the Company, is Volt Active Data, Inc (previously VoltDB, Inc), a company registered in United States of America and having its registered office at 54 Middlesex Turnpike, Suite 203, Bedford, Massachusetts 01730 USA.


10.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 11 June 2025 by Tasneem Bharmal FCCA (Senior Statutory Auditor) on behalf of MHA.

 
Page 7