Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 02690934 Mr E Embleton Mr W Schickbauer Mr W Schickbauer Voltimum SA Route de Peney 2, CH-1214 Vernier, Switzerland true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02690934 2023-12-31 02690934 2024-12-31 02690934 2024-01-01 2024-12-31 02690934 frs-core:CurrentFinancialInstruments 2024-12-31 02690934 frs-core:ComputerEquipment 2024-12-31 02690934 frs-core:ComputerEquipment 2024-01-01 2024-12-31 02690934 frs-core:ComputerEquipment 2023-12-31 02690934 frs-core:ShareCapital 2024-12-31 02690934 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 02690934 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02690934 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 02690934 frs-bus:SmallEntities 2024-01-01 2024-12-31 02690934 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 02690934 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 02690934 1 2024-01-01 2024-12-31 02690934 frs-bus:Director1 2024-01-01 2024-12-31 02690934 frs-bus:Director2 2024-01-01 2024-12-31 02690934 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 02690934 frs-countries:EnglandWales 2024-01-01 2024-12-31 02690934 2022-12-31 02690934 2023-12-31 02690934 2023-01-01 2023-12-31 02690934 frs-core:CurrentFinancialInstruments 2023-12-31 02690934 frs-core:ShareCapital 2023-12-31 02690934 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 02690934
Voltimum UK & Ireland Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 02690934
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,491 2,150
3,491 2,150
CURRENT ASSETS
Debtors 5 183,019 309,565
Cash at bank and in hand 103,430 72,296
286,449 381,861
Creditors: Amounts Falling Due Within One Year 6 (276,424 ) (333,668 )
NET CURRENT ASSETS (LIABILITIES) 10,025 48,193
TOTAL ASSETS LESS CURRENT LIABILITIES 13,516 50,343
NET ASSETS 13,516 50,343
CAPITAL AND RESERVES
Called up share capital 7 4,902 4,902
Profit and Loss Account 8,614 45,441
SHAREHOLDERS' FUNDS 13,516 50,343
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr W Schickbauer
Director
20 June 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Voltimum UK & Ireland Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02690934 . The registered office is Rotherwick House 3 Thomas More Street, St Katharine's & Wapping, London, E1W 1YZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover 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.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 33% straight line
2.4. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 11)
11 11
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Page 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 19,971
Additions 3,051
Disposals (5,402 )
As at 31 December 2024 17,620
Depreciation
As at 1 January 2024 17,821
Provided during the period 1,444
Disposals (5,136 )
As at 31 December 2024 14,129
Net Book Value
As at 31 December 2024 3,491
As at 1 January 2024 2,150
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 183,019 249,153
Corporation tax recoverable assets - 1,445
Amounts owed by group undertakings - 58,967
183,019 309,565
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 167,040 124,189
Bank loans and overdrafts 187 -
Other taxes and social security 37,787 69,572
Other creditors 12,562 6,561
Accruals and deferred income 46,144 133,346
Amounts owed to group undertakings 12,704 -
276,424 333,668
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4,902 4,902
8. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Voltimum SA . Voltimum SA was incorporated in Switzerland. Copies of the group accounts may be obtained from the secretary, Route de Peney 2, CH-1214 Vernier, Switzerland .
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