Voltimum UK and Ireland Limited - Period Ending 2015-12-31

Registration number: 02690934

Voltimum UK and Ireland Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

Jupps Limited
Chartered Accountants
Storm House
4 Union Place
Worthing
West Sussex
BN11 1LG

Voltimum UK and Ireland Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Voltimum UK and Ireland Limited
(Registration number: 02690934)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					6,269			5,427
Current assets
Debtors					97,738			67,230
Cash at bank and in hand					70,804			217,791
					168,542			285,021
Creditors: Amounts falling due within one year					(146,113)			(270,541)
Net current assets					22,429			14,480
Net assets					28,698			19,907
Capital and reserves
Called up share capital		3			4,219			4,902
Profit and loss account					24,479			15,005
Shareholders' funds					28,698			19,907

For the year ending 31 December 2015 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 19 July 2016 and signed on its behalf by:

.........................................
Mr W Schickbauer
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Voltimum UK and Ireland Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated
residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	33% Straight line

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2015		161,695			161,695
Additions		2,150			2,150
At 31 December 2015		163,845			163,845
Depreciation
At 1 January 2015		156,268			156,268
Charge for the year		1,308			1,308
At 31 December 2015		157,576			157,576
Net book value
At 31 December 2015		6,269			6,269
At 31 December 2014		5,427			5,427

Page 2

Voltimum UK and Ireland Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		4,902			4,902			4,902			4,902

4

Control

The company is controlled by Voltimium SA The largest group in which the financial statements are consolidated is that headed by the ultimate parent undertaking, Voltimum SA which is incorporated in Switzerland. Copies of the group financial statements of Voltimum SA can be obtained from Voltimum SA, Rue Lect 29, CH-1217 MEYRIN, Switzerland. .

Page 3