Company Registration No. 13295710 (England and Wales)
VOLASK LTD
Unaudited accounts
for the year ended 31 December 2023
VOLASK LTD
Unaudited accounts
Contents
VOLASK LTD
Company Information
for the year ended 31 December 2023
Company Number
13295710 (England and Wales)
Registered Office
214 BAKER STREET
ENFIELD
EN1 3JY
ENGLAND
Accountants
DNG Associates
214 Baker Street
Enfield
London
EN1 3JT
VOLASK LTD
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
2,310
8,711
Creditors: amounts falling due within one year
(9,914)
(6,245)
Net current (liabilities)/assets
(7,604)
3,141
Total assets less current liabilities
17,002
3,141
Creditors: amounts falling due after more than one year
(15,652)
-
Called up share capital
100
100
Profit and loss account
1,250
3,041
Shareholders' funds
1,350
3,141
For the year ending 31 December 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 25 September 2024 and were signed on its behalf by
Volkan KOYUNCU
Director
Company Registration No. 13295710
VOLASK LTD
Notes to the Accounts
for the year ended 31 December 2023
VOLASK LTD is a private company, limited by shares, registered in England and Wales, registration number 13295710. The registered office is 214 BAKER STREET, ENFIELD, EN1 3JY, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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:
Motor vehicles
6% - Reducing balance method
Computer equipment
18% - Reducing balance method
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.
VOLASK LTD
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
Additions
25,680
569
26,249
At 31 December 2023
25,680
569
26,249
Charge for the year
1,541
102
1,643
At 31 December 2023
1,541
102
1,643
At 31 December 2023
24,139
467
24,606
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,582
1,995
Loans from directors
8,332
4,040
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
15,652
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
Included within other creditors is an amount of £8,332 (2022;£4,040) due to its directors. There are no terms as to interest or repayment in respect of this balance.
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).