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 08429155 Nigel Piercy Lee Piercy Daniel Lindfield iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08429155 2023-12-31 08429155 2024-12-31 08429155 2024-01-01 2024-12-31 08429155 frs-core:CurrentFinancialInstruments 2024-12-31 08429155 frs-core:Non-currentFinancialInstruments 2024-12-31 08429155 frs-core:ComputerEquipment 2024-12-31 08429155 frs-core:ComputerEquipment 2024-01-01 2024-12-31 08429155 frs-core:ComputerEquipment 2023-12-31 08429155 frs-core:MotorVehicles 2024-12-31 08429155 frs-core:MotorVehicles 2024-01-01 2024-12-31 08429155 frs-core:MotorVehicles 2023-12-31 08429155 frs-core:PlantMachinery 2024-12-31 08429155 frs-core:PlantMachinery 2024-01-01 2024-12-31 08429155 frs-core:PlantMachinery 2023-12-31 08429155 frs-core:ShareCapital 2024-12-31 08429155 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08429155 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08429155 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08429155 frs-bus:SmallEntities 2024-01-01 2024-12-31 08429155 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08429155 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08429155 frs-bus:Director1 2024-01-01 2024-12-31 08429155 frs-bus:Director2 2024-01-01 2024-12-31 08429155 frs-bus:Director3 2024-01-01 2024-12-31 08429155 frs-countries:EnglandWales 2024-01-01 2024-12-31 08429155 2022-12-31 08429155 2023-12-31 08429155 2023-01-01 2023-12-31 08429155 frs-core:CurrentFinancialInstruments 2023-12-31 08429155 frs-core:Non-currentFinancialInstruments 2023-12-31 08429155 frs-core:ShareCapital 2023-12-31 08429155 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08429155
Voltz Bikes Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 08429155
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,827 2,456
1,827 2,456
CURRENT ASSETS
Stocks 5 149,465 146,465
Debtors 6 34,947 36,349
Cash at bank and in hand 4,132 15,219
188,544 198,033
Creditors: Amounts Falling Due Within One Year 7 (403,092 ) (377,617 )
NET CURRENT ASSETS (LIABILITIES) (214,548 ) (179,584 )
TOTAL ASSETS LESS CURRENT LIABILITIES (212,721 ) (177,128 )
Creditors: Amounts Falling Due After More Than One Year 8 (8,718 ) (17,770 )
NET LIABILITIES (221,439 ) (194,898 )
CAPITAL AND RESERVES
Called up share capital 9 99 99
Income Statement (221,538 ) (194,997 )
SHAREHOLDERS' FUNDS (221,439) (194,898)
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Page 2
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 Income Statement.
On behalf of the board
Nigel Piercy
Director
Lee Piercy
Director
Daniel Lindfield
Director
10/07/2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Voltz Bikes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08429155 . The registered office is Elmleigh House, 133 Vernon Road, Kirkby in Ashfield, Nottinghamshire, NG17 8ED.
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.
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:
Plant & Machinery 15% reducing balance
Motor Vehicles 15% reducing balance
Computer Equipment 15% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Going Concern
The directors consider that the company will continue to operate based on the current financial information and continued support of the bank and directors. On the basis the directors consider it appropriate to prepare the accounts on a going concern basis.
3. Average Number of Employees
Average number of employees, including directors, during the year was  3 (2023: 4)
3 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 5,175 699 1,563 7,437
Disposals - - (1,563 ) (1,563 )
As at 31 December 2024 5,175 699 - 5,874
Depreciation
As at 1 January 2024 3,391 334 1,256 4,981
Provided during the period 267 55 46 368
Disposals - - (1,302 ) (1,302 )
As at 31 December 2024 3,658 389 - 4,047
Net Book Value
As at 31 December 2024 1,517 310 - 1,827
As at 1 January 2024 1,784 365 307 2,456
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5. Stocks
2024 2023
£ £
Stock 149,465 146,465
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 34,947 34,437
Other debtors - 1,912
34,947 36,349
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 944 934
Bank loans and overdrafts 9,302 9,552
Other creditors 386,908 358,849
Taxation and social security 5,938 8,282
403,092 377,617
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 8,718 17,770
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 99 99
10. Related Party Transactions
As at 31 December 2024 the company had outsanding liabilities with Elmleigh Homes Ltd of £288,122 (2023: £288,122) a company under common control.
As at 31 December 2024 the company had oustanding liabilities with Freres Limited of £42,040 (2023: £42,040) a company under common control.
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