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Draft
Volt Salon Limited
Registered Number:07858272
For the year ended 30 November 2023
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 30 November 2023
Volt Salon Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Draft
Registered Number :
07858272
As at 30 November 2023
Volt Salon Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
17,752
19,252
2
17,752
19,252
Current assets
Trade and other receivables
3,726
13,272
28,264
Cash and cash equivalents
10,016
23,288
31,990
Trade and other payables: amounts falling due within one year
(20,811)
(29,638)
3
11,179
(6,350)
Net current liabilities
Total assets less current liabilities
11,402
30,431
Trade and other payables: amounts falling due after more than one year
(28,642)
(20,106)
4
(8,704)
Net assets/liabilities
1,789
Capital and reserves
Called up share capital
100
100
Retained earnings
(8,804)
1,689
(8,704)
1,789
Shareholders' funds
For the year ended 30 November 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 of its financial statements for the year ended 30 November 2023 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 2024 and were signed by:
The notes form part of these financial statements
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4
Draft
For the year ended 30 November 2023
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 2022
51,194
3,219
47,975
At 30 November 2023
47,975
3,219
51,194
Provision for depreciation and impairment
At 01 December 2022
31,942
3,219
28,723
Charge for year
1,500
-
1,500
At 30 November 2023
33,442
3,219
30,223
At 30 November 2023
Net book value
17,752
-
17,752
At 30 November 2022
19,252
-
19,252
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Draft
For the year ended 30 November 2023
Volt Salon Limited
Notes to the Financial Statements Continued
3. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
716
-
Taxation and social security
9,362
5,163
Other creditors
19,560
15,648
29,638
20,811
4. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
20,106
28,642
5. Average number of persons employed
During the year the average number of employees was 0
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