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REGISTERED NUMBER: 12141667 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

VOLPETS LIMITED

VOLPETS LIMITED (Registered number: 12141667)






Contents of the Financial Statements
for the Year Ended 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VOLPETS LIMITED

Company Information
for the Year Ended 31 AUGUST 2023







DIRECTOR: F Volpe





REGISTERED OFFICE: Suite 2C, Brosnan House
175 Darkes Lane
Potters Bar
Hertfordshire
EN6 1BW





REGISTERED NUMBER: 12141667 (England and Wales)





ACCOUNTANTS: The Greene Partnership LLP
Chartered Accountants
Suite 2C, Brosnan House
175 Darkes Lane
Potters Bar
Hertfordshire
EN6 1BW

VOLPETS LIMITED (Registered number: 12141667)

Balance Sheet
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 134,632 90,907

CURRENT ASSETS
Debtors 5 56,704 30,628
Cash at bank and in hand 43,351 22,942
100,055 53,570
CREDITORS
Amounts falling due within one year 6 39,395 32,573
NET CURRENT ASSETS 60,660 20,997
TOTAL ASSETS LESS CURRENT
LIABILITIES

195,292

111,904

CREDITORS
Amounts falling due after more than one year 7 (35,832 ) (34,820 )

PROVISIONS FOR LIABILITIES 9 (33,658 ) (17,272 )
NET ASSETS 125,802 59,812

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 124,802 58,812
SHAREHOLDERS' FUNDS 125,802 59,812

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

VOLPETS LIMITED (Registered number: 12141667)

Balance Sheet - continued
31 AUGUST 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 April 2024 and were signed by:





F Volpe - Director


VOLPETS LIMITED (Registered number: 12141667)

Notes to the Financial Statements
for the Year Ended 31 AUGUST 2023

1. STATUTORY INFORMATION

VOLPETS LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures, fittings & equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 5 ) .

VOLPETS LIMITED (Registered number: 12141667)

Notes to the Financial Statements - continued
for the Year Ended 31 AUGUST 2023

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings Motor Computer
& equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2022 3,984 131,094 1,033 136,111
Additions 14,361 68,117 6,126 88,604
At 31 August 2023 18,345 199,211 7,159 224,715
DEPRECIATION
At 1 September 2022 997 43,754 453 45,204
Charge for year 4,337 38,865 1,677 44,879
At 31 August 2023 5,334 82,619 2,130 90,083
NET BOOK VALUE
At 31 August 2023 13,011 116,592 5,029 134,632
At 31 August 2022 2,987 87,340 580 90,907

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2022 73,465
Additions 42,122
Transfer to ownership (73,465 )
At 31 August 2023 42,122
DEPRECIATION
At 1 September 2022 18,366
Charge for year 24,306
Transfer to ownership (32,141 )
At 31 August 2023 10,531
NET BOOK VALUE
At 31 August 2023 31,591
At 31 August 2022 55,099

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 50,425 30,628
Loan to director 3,768 -
Prepayments 2,511 -
56,704 30,628

VOLPETS LIMITED (Registered number: 12141667)

Notes to the Financial Statements - continued
for the Year Ended 31 AUGUST 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Hire purchase contracts 3,142 9,340
Tax 11,507 402
VAT 22,663 12,556
Directors' current accounts - 8,449
Accrued expenses 2,083 1,826
39,395 32,573

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Hire purchase contracts 35,832 34,820

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 31.8.22
£    £   
Hire purchase contracts 38,974 44,160

The hire purchase contract is secured on the asset concerned.

9. PROVISIONS FOR LIABILITIES
31.8.23 31.8.22
£    £   
Deferred tax
Accelerated capital allowances 33,658 17,272

Deferred
tax
£   
Balance at 1 September 2022 17,272
Provided during year 16,386
Balance at 31 August 2023 33,658

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
1 Ordinary £1,00 0 1,000 1,000

11. ULTIMATE CONTROLLING PARTY

The controlling party is F Volpe.