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Company Registration No. 06150893 (England and Wales)
Volets Verts Limited Unaudited accounts for the year ended 31 March 2023
Volets Verts Limited Unaudited accounts Contents
Page
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Volets Verts Limited Company Information for the year ended 31 March 2023
Director
Mr A Miller
Company Number
06150893 (England and Wales)
Registered Office
23/27 SWAN STREET WEST MALLING ME19 6JU ENGLAND
Accountants
Rustrick Accountants Limited 380A New Hythe lane Larkfield Maidstone Kent ME20 6RZ
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Volets Verts Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
63,055 
77,430 
Current assets
Inventories
10,000 
10,000 
Cash at bank and in hand
68,512 
107,039 
78,512 
117,039 
Creditors: amounts falling due within one year
(91,494)
(94,778)
Net current (liabilities)/assets
(12,982)
22,261 
Total assets less current liabilities
50,073 
99,691 
Provisions for liabilities
Deferred tax
(11,980)
(8,169)
Net assets
38,093 
91,522 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
37,993 
91,422 
Shareholders' funds
38,093 
91,522 
For the year ending 31 March 2023 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 July 2023 and were signed on its behalf by
Mr A Miller Director Company Registration No. 06150893
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Volets Verts Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Volets Verts Limited is a private company, limited by shares, registered in England and Wales, registration number 06150893. The registered office is 23/27 SWAN STREET, WEST MALLING, ME19 6JU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Volets Verts Limited Notes to the Accounts for the year ended 31 March 2023
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
200,000 
At 31 March 2023
200,000 
Amortisation
At 1 April 2022
200,000 
At 31 March 2023
200,000 
Net book value
At 31 March 2023
- 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
249,451 
33,025 
2,160 
284,636 
Additions
4,830 
1,000 
813 
6,643 
At 31 March 2023
254,281 
34,025 
2,973 
291,279 
Depreciation
At 1 April 2022
198,395 
8,256 
555 
207,206 
Charge for the year
13,972 
6,442 
604 
21,018 
At 31 March 2023
212,367 
14,698 
1,159 
228,224 
Net book value
At 31 March 2023
41,914 
19,327 
1,814 
63,055 
At 31 March 2022
51,056 
24,769 
1,605 
77,430 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,752 
7,693 
Obligations under finance leases and hire purchase contracts
- 
10,197 
Trade creditors
33,056 
24,215 
Taxes and social security
49,158 
43,733 
Other creditors
3,105 
3,455 
Loans from directors
83 
3,145 
Accruals
2,340 
2,340 
91,494 
94,778 
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Volets Verts Limited Notes to the Accounts for the year ended 31 March 2023
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Pension commitments
The company operates a defined contribution pension scheme. contributions payable to the company's pension scheme are charges to profit or loss in the period to which they relate.
9
Average number of employees
During the year the average number of employees was 6 (2022: 6).
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