Acorah Software Products - Accounts Production 18.1.200 false true 31 May 2025 1 June 2024 false 1 June 2025 31 May 2026 31 May 2026 12012036 Mr Sheng Liu Dr Jonathan Ngiam Mr Zhong Zheng iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12012036 2025-05-31 12012036 2026-05-31 12012036 2025-06-01 2026-05-31 12012036 frs-core:CurrentFinancialInstruments 2026-05-31 12012036 frs-core:ComputerEquipment 2026-05-31 12012036 frs-core:ComputerEquipment 2025-06-01 2026-05-31 12012036 frs-core:ComputerEquipment 2025-05-31 12012036 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2026-05-31 12012036 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-06-01 2026-05-31 12012036 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-05-31 12012036 frs-core:OtherResidualIntangibleAssets 2026-05-31 12012036 frs-core:OtherResidualIntangibleAssets 2025-06-01 2026-05-31 12012036 frs-core:OtherResidualIntangibleAssets 2025-05-31 12012036 frs-core:SharePremium 2026-05-31 12012036 frs-core:ShareCapital 2026-05-31 12012036 frs-core:RetainedEarningsAccumulatedLosses 2026-05-31 12012036 frs-bus:PrivateLimitedCompanyLtd 2025-06-01 2026-05-31 12012036 frs-bus:FilletedAccounts 2025-06-01 2026-05-31 12012036 frs-bus:SmallEntities 2025-06-01 2026-05-31 12012036 frs-bus:AuditExempt-NoAccountantsReport 2025-06-01 2026-05-31 12012036 frs-bus:SmallCompaniesRegimeForAccounts 2025-06-01 2026-05-31 12012036 frs-bus:Director1 2025-06-01 2026-05-31 12012036 frs-bus:Director2 2025-06-01 2026-05-31 12012036 frs-bus:Director3 2025-06-01 2026-05-31 12012036 frs-countries:EnglandWales 2025-06-01 2026-05-31 12012036 2024-05-31 12012036 2025-05-31 12012036 2024-06-01 2025-05-31 12012036 frs-core:CurrentFinancialInstruments 2025-05-31 12012036 frs-core:SharePremium 2025-05-31 12012036 frs-core:ShareCapital 2025-05-31 12012036 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31
Registered number: 12012036
Voltshare Ltd
Financial Statements
For The Year Ended 31 May 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12012036
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 139,186 56,087
Tangible Assets 5 2,150 2,233
141,336 58,320
CURRENT ASSETS
Stocks 6 53,308 27,472
Debtors 7 159,782 112,440
Cash at bank and in hand 247,413 75,086
460,503 214,998
Creditors: Amounts Falling Due Within One Year 8 (551,666 ) (194,028 )
NET CURRENT ASSETS (LIABILITIES) (91,163 ) 20,970
TOTAL ASSETS LESS CURRENT LIABILITIES 50,173 79,290
NET ASSETS 50,173 79,290
CAPITAL AND RESERVES
Called up share capital 9 142 142
Share premium account 666,837 622,460
Profit and Loss Account (616,806 ) (543,312 )
SHAREHOLDERS' FUNDS 50,173 79,290
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For the year ending 31 May 2026 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 Sheng Liu
Director
26/08/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Voltshare Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12012036 . The registered office is 1 Elmfield Park, Bromley, BR1 1LU.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
2.4. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their expected useful economic life of 7 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.5. 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 25% Straight Line
2.6. 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.
2.7. 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.
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2.8. 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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 10 (2025: 10)
10 10
4. Intangible Assets
Other Intangibles System Development Total
£ £ £
Cost
As at 1 June 2025 9,375 61,935 71,310
Additions - 119,344 119,344
As at 31 May 2026 9,375 181,279 190,654
Amortisation
As at 1 June 2025 6,375 8,848 15,223
Provided during the period 1,500 34,745 36,245
As at 31 May 2026 7,875 43,593 51,468
Net Book Value
As at 31 May 2026 1,500 137,686 139,186
As at 1 June 2025 3,000 53,087 56,087
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5. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2025 3,944
Additions 955
As at 31 May 2026 4,899
Depreciation
As at 1 June 2025 1,711
Provided during the period 1,038
As at 31 May 2026 2,749
Net Book Value
As at 31 May 2026 2,150
As at 1 June 2025 2,233
6. Stocks
2026 2025
£ £
Stock 53,308 27,472
7. Debtors
2026 2025
£ £
Due within one year
Trade debtors 54,264 26,960
Other debtors 105,518 85,480
159,782 112,440
8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 77,805 18,719
Other creditors 310,362 113,399
Taxation and social security 163,499 61,910
551,666 194,028
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 142 142
Funds received in advance of share issue
The share premium account includes £44,376 of funds received in advance of a share issuance scheduled for 2026.
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