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REGISTERED NUMBER: 01186095 (England and Wales)















Report of the Directors and

Financial Statements for the Year Ended 31 December 2024

for

VOLA UK Limited

VOLA UK Limited (Registered number: 01186095)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Report of the Directors 2

Report of the Independent Auditors 4

Income Statement 7

Other Comprehensive Income 8

Balance Sheet 9

Statement of Changes in Equity 10

Notes to the Financial Statements 11


VOLA UK Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: J A Saugbjerg
B Tofting





REGISTERED OFFICE: Highfield House
108 The Hawthorns
Flitwick
Bedford
MK45 1FN





REGISTERED NUMBER: 01186095 (England and Wales)





AUDITORS: Krogh & Partners Limited, (Statutory Auditor)
823 Salisbury House
29 Finsbury Circus
London
EC2M 5QQ

VOLA UK Limited (Registered number: 01186095)

Report of the Directors
for the Year Ended 31 December 2024

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY
The company's principal activity during the year was that of distribution of sanitary mixers, taps and bathroom accessories.

REVIEW OF BUSINESS
The Company's profit for the year amounted to £55,021. The directors do not recommend the payment of a dividend. The result for the year and the financial position at the year end were considered as expected by the directors.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

J A Saugbjerg
B Tofting

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Krogh & Partners Limited, (Statutory Auditor), will be proposed for re-appointment at the forthcoming Annual General Meeting.


VOLA UK Limited (Registered number: 01186095)

Report of the Directors
for the Year Ended 31 December 2024

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:



J A Saugbjerg - Director


6 June 2025

Report of the Independent Auditors to the Members of
VOLA UK Limited (Registered number: 01186095)

Opinion
We have audited the financial statements of VOLA UK Limited (the 'company') for the year ended 31 December 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Directors has been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
VOLA UK Limited (Registered number: 01186095)


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge of the business;
- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006 and taxation legislation;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

Report of the Independent Auditors to the Members of
VOLA UK Limited (Registered number: 01186095)


We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- enquiring of management as to actual and potential litigation and claims;
- reviewing correspondence with HMRC and relevant regulators

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




John Lindegaard (Senior Statutory Auditor)
for and on behalf of Krogh & Partners Limited, (Statutory Auditor)
823 Salisbury House
29 Finsbury Circus
London
EC2M 5QQ

6 June 2025

VOLA UK Limited (Registered number: 01186095)

Income Statement
for the Year Ended 31 December 2024

2024 2023
Notes £    £    £    £   

TURNOVER 3,153,297 2,847,895

Cost of sales 1,926,181 1,697,363
GROSS PROFIT 1,227,116 1,150,532

Distribution costs 578,884 495,398
Administrative expenses 570,947 729,740
1,149,831 1,225,138
OPERATING PROFIT/(LOSS) 4 77,285 (74,606 )

Interest receivable and similar income 3,478 5,821
Interest payable and similar expenses 5 (1,742 ) (771 )
PROFIT/(LOSS) BEFORE TAXATION 79,021 (69,556 )

Tax on profit/(loss) 6 24,000 14,733
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

55,021

(84,289

)

VOLA UK Limited (Registered number: 01186095)

Other Comprehensive Income
for the Year Ended 31 December 2024

2024 2023
Notes £    £   

PROFIT/(LOSS) FOR THE YEAR 55,021 (84,289 )


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

55,021

(84,289

)

VOLA UK Limited (Registered number: 01186095)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 420,759 391,661

CURRENT ASSETS
Stocks 8 - 2,130
Debtors 9 453,962 431,363
Cash at bank 327 109,260
454,289 542,753
CREDITORS
Amounts falling due within one year 10 367,821 506,208
NET CURRENT ASSETS 86,468 36,545
TOTAL ASSETS LESS CURRENT
LIABILITIES

507,227

428,206

PROVISIONS FOR LIABILITIES 11 62,000 38,000
NET ASSETS 445,227 390,206

CAPITAL AND RESERVES
Called up share capital 12 322,000 322,000
Retained earnings 123,227 68,206
SHAREHOLDERS' FUNDS 445,227 390,206

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

The financial statements were approved by the Board of Directors and authorised for issue on 6 June 2025 and were signed on its behalf by:




J A Saugbjerg - Director



B Tofting - Director


VOLA UK Limited (Registered number: 01186095)

Statement of Changes in Equity
for the Year Ended 31 December 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2023 300,000 152,495 452,495

Changes in equity
Issue of share capital 22,000 - 22,000
Total comprehensive income - (84,289 ) (84,289 )
Balance at 31 December 2023 322,000 68,206 390,206

Changes in equity
Total comprehensive income - 55,021 55,021
Balance at 31 December 2024 322,000 123,227 445,227

VOLA UK Limited (Registered number: 01186095)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

VOLA UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Accounting basis and standards
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover derives from the principal activity of the Company and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Interest and similar income and charges
Interest and similar income and charges are recognised in the profit and loss account over the term of such instruments at a constant rate on the carrying amount.

Foreign currencies
Transactions denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Assets and liabilities in foreign currencies are translated into sterling at rates of exchange ruling at the end of the financial year. All exchange differences are dealt with in the profit and loss account.

Tangible assets
Tangible assets are stated at cost, net of depreciation and any provision for impairment.

Depreciation on fixed assets is provided at rates estimated to write off the cost amounts, less estimated residual value, of each asset over its expected useful life as follows:

Short leasehold improvements 10 years
Motor vehicles 5 years
Furniture and equipment 4 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Debtors
Debtors are valued individually and there are made provision according to this valuation.

Creditors
Creditors are carried at payment or settlement amounts. Where the time value of money is material, creditors are carried at amortised cost.

Taxation
Current tax and deferred taxation, including UK corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred taxation is provided in full on an undiscounted basis, on all timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at rates expected to crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in tax computations in periods different from those in which they are included in the financial statements.

Deferred tax assets are recognised where it is considered more likely than not that future profits will be available for offset.

VOLA UK Limited (Registered number: 01186095)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. OPERATING PROFIT/(LOSS)

20242023
The operating profit is stated after charging:££
Auditors' remuneration5,4255,122

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Interest payable and similar charges 228 3
Interest expenses group
undertakings 1,514 768
1,742 771

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax - (21,910 )
Adjustment in respect of prior periods - (1,357 )
Total current tax - (23,267 )

Deferred tax 24,000 38,000
Tax on profit/(loss) 24,000 14,733

VOLA UK Limited (Registered number: 01186095)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. TANGIBLE FIXED ASSETS
Short Furniture
leasehold Motor and
improvements vehicles fittings Totals
£    £    £    £   
COST
At 1 January 2024 576,419 34,730 101,906 713,055
Additions 63,064 - - 63,064
At 31 December 2024 639,483 34,730 101,906 776,119
DEPRECIATION
At 1 January 2024 215,305 6,724 99,365 321,394
Charge for year 24,524 6,948 2,494 33,966
At 31 December 2024 239,829 13,672 101,859 355,360
NET BOOK VALUE
At 31 December 2024 399,654 21,058 47 420,759
At 31 December 2023 361,114 28,006 2,541 391,661

8. STOCKS
2024 2023
£    £   
Demonstration stock - 2,130

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 309,948 250,658
Other debtors 42,581 74,900
Tax 33,241 41,572
Prepayments 68,192 64,233
453,962 431,363

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 27,749 95,471
Amounts owed to group undertakings 161,111 254,499
Other taxation and social security 10,102 17,360
VAT 121,359 92,648
Accruals and deferred income 47,500 46,230
367,821 506,208

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 62,000 38,000

VOLA UK Limited (Registered number: 01186095)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2024 38,000
Provided during year 24,000
Balance at 31 December 2024 62,000

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
322,000 Ordinary 1 322,000 322,000

13. FUTURE FINANCIAL COMMITMENTS

Operating Leases:
At 31 December the company had commitments under non-cancellable operating leases as set out below:

20242023
££
Not later than one year169,950169,950
Later than one year and not later than five years679,800679,800
Later than five years494,379664,794
1,344,1291,516,819

The company has indemnified its bankers in respect of a deferment bond amounting to GBP 0 (2023: GBP 254,000) advanced to HM Revenue and Customs on behalf of the company.

14. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group.

15. ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is VOLA Holding A/S, a company incorporated and registered in Denmark.

VOLA Holding A/S prepares group financial statements and copies can be obtained from

VOLA Holding A/S
Lunavej 2
DK-8700 Horsens
Denmark

The ultimate controlling party is K Overgaard.