Volt Entrepreneurs Limited 11370528 false 2024-06-01 2025-05-31 2025-05-31 The principal activity of the company is to provide entrepreneurial mentorship to young people. Digita Accounts Production Advanced 6.30.9574.0 true true 11370528 2024-06-01 2025-05-31 11370528 2025-05-31 11370528 core:RetainedEarningsAccumulatedLosses 2025-05-31 11370528 core:ShareCapital 2025-05-31 11370528 core:CurrentFinancialInstruments 2025-05-31 11370528 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 11370528 core:OtherResidualIntangibleAssets 2025-05-31 11370528 core:FurnitureFittingsToolsEquipment 2025-05-31 11370528 bus:SmallEntities 2024-06-01 2025-05-31 11370528 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 11370528 bus:FilletedAccounts 2024-06-01 2025-05-31 11370528 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 11370528 bus:RegisteredOffice 2024-06-01 2025-05-31 11370528 bus:CompanySecretary1 2024-06-01 2025-05-31 11370528 bus:Director1 2024-06-01 2025-05-31 11370528 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 11370528 core:ComputerSoftware 2024-06-01 2025-05-31 11370528 core:OtherResidualIntangibleAssets 2024-06-01 2025-05-31 11370528 core:FurnitureFittingsToolsEquipment 2024-06-01 2025-05-31 11370528 core:OfficeEquipment 2024-06-01 2025-05-31 11370528 countries:EnglandWales 2024-06-01 2025-05-31 11370528 2024-05-31 11370528 core:OtherResidualIntangibleAssets 2024-05-31 11370528 core:FurnitureFittingsToolsEquipment 2024-05-31 11370528 2023-06-01 2024-05-31 11370528 2024-05-31 11370528 core:RetainedEarningsAccumulatedLosses 2024-05-31 11370528 core:ShareCapital 2024-05-31 11370528 core:CurrentFinancialInstruments 2024-05-31 11370528 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 11370528 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2024-05-31 11370528 core:OtherResidualIntangibleAssets 2024-05-31 11370528 core:FurnitureFittingsToolsEquipment 2024-05-31 11370528 core:PreviouslyStatedAmount 2024-05-31 iso4217:GBP xbrli:pure

Registration number: 11370528

Volt Entrepreneurs Limited
Filleted Unaudited Financial Statements
for the Year Ended 31 May 2025

Volt Entrepreneurs Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

Volt Entrepreneurs Limited

Company Information

Director | S Khuri

Company secretary | G Cordani

Registered office | 1 Colleton Crescent Exeter Devon EX2 4DG

Accountants | Thompson Jenner LLP Chartered Accountants 1 Colleton Crescent Exeter Devon EX2 4DG

Volt Entrepreneurs Limited

(Registration number: 11370528)
Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 204 | 1,573
Tangible assets | 5 | 596 | 1,236
|  | 800 | 2,809
Current assets |  |  |
Debtors | 6 | 2,246 | 1,993
Cash at bank and in hand |  | 4,391 | 8,743
|  | 6,637 | 10,736
Creditors: Amounts falling due within one year | 7 | (77,546) | (61,669)
Net current liabilities |  | (70,909) | (50,933)
Net liabilities |  | (70,109) | (48,124)
Capital and reserves |  |  |
Called up share capital |  | 24 | 24
Retained earnings |  | (70,133) | (48,148)
Shareholders' deficit |  | (70,109) | (48,124)

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 6 February 2026

......................................... S Khuri Director

Volt Entrepreneurs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Colleton Crescent
Exeter
Devon
EX2 4DG

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company currently has negative reserves however the shareholders will continue to support the company financially in order to meet its liabilities as they fall due. As such, the financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Volt Entrepreneurs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 20% straight line basis

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Company website | 20% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Volt Entrepreneurs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Volt Entrepreneurs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

4 | Intangible assets

| Company website £ | Total £
Cost or valuation
At 1 June 2024 | 11,968 | 11,968
At 31 May 2025 | 11,968 | 11,968
Amortisation
At 1 June 2024 | 10,395 | 10,395
Amortisation charge | 1,369 | 1,369
At 31 May 2025 | 11,764 | 11,764
Carrying amount
At 31 May 2025 | 204 | 204
At 31 May 2024 | 1,573 | 1,573

5 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 June 2024 | 3,614 | 3,614
At 31 May 2025 | 3,614 | 3,614
Depreciation
At 1 June 2024 | 2,378 | 2,378
Charge for the year | 640 | 640
At 31 May 2025 | 3,018 | 3,018
Carrying amount
At 31 May 2025 | 596 | 596
At 31 May 2024 | 1,236 | 1,236

Volt Entrepreneurs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

6 | Debtors

| 2025 £ | 2024 £
Other debtors | 437 | 163
Prepayments and accrued income | 1,809 | 1,830
Total current trade and other debtors | 2,246 | 1,993

7 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 69,988 | 60,000
Other creditors |  | 6,258 | 569
Accrued expenses |  | 1,300 | 1,100
|  | 77,546 | 61,669

8 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 69,988 | 60,000