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Registered Number: 12138372


 

 

 

VOL GROUP LTD


Abridged Accounts
 


Period of accounts

Start date: 31 July 2022

End date: 29 July 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 5,873    10,883 
5,873    10,883 
Current assets      
Debtors 11,850    15,728 
Cash at bank and in hand 17,238    23,436 
29,088    39,164 
Creditors: amount falling due within one year (5,924)   (2,000)
Net current assets 23,164    37,164 
 
Total assets less current liabilities 29,037    48,047 
Creditors: amount falling due after more than one year (31,469)   (37,159)
Net assets (2,432)   10,888 
 

Capital and reserves
     
Called up share capital 4 1    1 
Share premium account 15,499    15,499 
Profit and loss account (17,932)   (4,612)
Shareholders' funds (2,432)   10,888 
 


For the period ended 29 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 29 July 2024 and were signed by:


-------------------------------
VALLABHANENI Srihari
Director
1
General Information
VOL GROUP LTD is a private company, limited by shares, registered in , registration number 12138372, registration address EXHIBITION HOUSE, SUITE 18.2,, ADDISON BRIDGE PLACE, KENSINGTON,, W14 8XP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
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:
Plant and Machinery 20% Straight Line
2.

Average number of employees

Average number of employees during the period was 5 (2022 : 4).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 31 July 2022 25,048    25,048 
Additions  
Disposals  
At 29 July 2023 25,048    25,048 
Depreciation
At 31 July 2022 14,165    14,165 
Charge for period 5,010    5,010 
On disposals  
At 29 July 2023 19,175    19,175 
Net book values
Closing balance as at 29 July 2023 5,873    5,873 
Opening balance as at 31 July 2022 10,883    10,883 


4.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
1 Ordinary share of £1.00 each  
 

2