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Volt Salon Limited
Registered Number:07858272
For the year ended 30 November 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 30 November 2022
Volt Salon Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
07858272
As at 30 November 2022
Volt Salon Limited
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
19,252
-
2
19,252
-
Current assets
Trade and other receivables
24,557
3,727
3
91,775
Cash and cash equivalents
28,263
31,990
116,332
Trade and other payables: amounts falling due within one year
(23,038)
(20,811)
4
93,294
11,179
Net current assets
Total assets less current liabilities
30,431
93,294
Trade and other payables: amounts falling due after more than one year
(36,451)
(28,642)
5
1,789
Net assets
56,843
Capital and reserves
Called up share capital
100
100
Retained earnings
1,689
56,743
1,789
56,843
Shareholders' funds
For the year ended 30 November 2022 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 of its financial statements for the year ended 30 November 2022 in accordance with Section 476 of the Companies Act 2006
The director acknowledges her responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year
and of its profit or loss for each financial year in accordance with the requirements of Section 394 and 395 and which otherwise comply
with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Jennie Copley Director
These financial statements were approved and authorised for issue by the Board on 21 November 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 November 2022
Volt Salon Limited
Notes to the Financial Statements
Statutory Information
Volt Salon Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 07858272.
Registered address:
East Parade
Sheffield
S1 2ET
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20 Straight line
Computer equipment
15% Straight line
Fixtures and fittings
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and fittings
£
£
£
Cost or valuation
At 01 December 2021
31,942
3,219
28,723
19,252
-
19,252
Additions
At 30 November 2022
47,975
3,219
51,194
Provision for depreciation and impairment
At 01 December 2021
31,942
3,219
28,723
At 30 November 2022
31,942
3,219
28,723
At 30 November 2022
Net book value
19,252
-
19,252
At 30 November 2021
-
-
-
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5
For the year ended 30 November 2022
Volt Salon Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2021
2022
£
£
Other debtors
3,727
24,557
4. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Taxation and social security
5,163
23,038
Other creditors
15,648
-
20,811
23,038
5. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Bank loans and overdraft
28,642
36,451
6. Average number of persons employed
During the year the average number of employees was 7 (2021 : 5)
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