Acorah Software Products - Accounts Production 16.0.110 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 11514124 Mr Stephen Bishop Mr Thomas Hickey Mr S Bishop and Mr T Hickey true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11514124 2023-08-31 11514124 2024-08-31 11514124 2023-09-01 2024-08-31 11514124 frs-core:CurrentFinancialInstruments 2024-08-31 11514124 frs-core:ComputerEquipment 2024-08-31 11514124 frs-core:ComputerEquipment 2023-09-01 2024-08-31 11514124 frs-core:ComputerEquipment 2023-08-31 11514124 frs-core:FurnitureFittings 2024-08-31 11514124 frs-core:FurnitureFittings 2023-09-01 2024-08-31 11514124 frs-core:FurnitureFittings 2023-08-31 11514124 frs-core:PlantMachinery 2024-08-31 11514124 frs-core:PlantMachinery 2023-09-01 2024-08-31 11514124 frs-core:PlantMachinery 2023-08-31 11514124 frs-core:ShareCapital 2024-08-31 11514124 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 11514124 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11514124 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 11514124 frs-bus:SmallEntities 2023-09-01 2024-08-31 11514124 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 11514124 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 11514124 1 2023-09-01 2024-08-31 11514124 frs-bus:Director1 2023-09-01 2024-08-31 11514124 frs-bus:Director1 2023-08-31 11514124 frs-bus:Director1 2024-08-31 11514124 frs-bus:Director2 2023-09-01 2024-08-31 11514124 frs-bus:Director2 2023-08-31 11514124 frs-bus:Director2 2024-08-31 11514124 frs-countries:EnglandWales 2023-09-01 2024-08-31 11514124 2022-08-31 11514124 2023-08-31 11514124 2022-09-01 2023-08-31 11514124 frs-core:CurrentFinancialInstruments 2023-08-31 11514124 frs-core:ShareCapital 2023-08-31 11514124 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 11514124
Volmech Mechanical Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Brisan Accountancy Ltd
Canada House, First Floor, 20/20 Business Park
Maidstone
Kent
ME16 0LS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11514124
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,279 1,776
6,279 1,776
CURRENT ASSETS
Stocks 5 5,000 -
Debtors 6 324,016 131,759
Cash at bank and in hand 14,107 17,113
343,123 148,872
Creditors: Amounts Falling Due Within One Year 7 (298,661 ) (136,640 )
NET CURRENT ASSETS (LIABILITIES) 44,462 12,232
TOTAL ASSETS LESS CURRENT LIABILITIES 50,741 14,008
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (1,447 ) (337 )
NET ASSETS 49,294 13,671
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 49,293 13,670
SHAREHOLDERS' FUNDS 49,294 13,671
Page 1
Page 2
For the year ending 31 August 2024 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Stephen Bishop
Director
Mr Thomas Hickey
Director
25 November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Volmech Mechanical Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11514124 . The registered office is Unit 1 D Mereworth Business Centre Danns Lane, Wateringbury, Maidstone, Kent, ME18 5LW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 2)
7 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 2,089 503 - 2,592
Additions 2,497 1,144 2,010 5,651
As at 31 August 2024 4,586 1,647 2,010 8,243
Depreciation
As at 1 September 2023 612 204 - 816
Provided during the period 722 154 272 1,148
As at 31 August 2024 1,334 358 272 1,964
Net Book Value
As at 31 August 2024 3,252 1,289 1,738 6,279
As at 1 September 2023 1,477 299 - 1,776
5. Stocks
2024 2023
£ £
Stock 5,000 -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 271,407 80,292
Other debtors 52,609 51,467
324,016 131,759
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 197,047 25,483
Bank loans and overdrafts - 1,040
Other creditors 83,189 106,412
Taxation and social security 18,425 3,705
298,661 136,640
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 1,447 337
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mr Stephen Bishop - 10,596 10,625 - 29
Mr Thomas Hickey - 10,818 10,880 - 62
The above loan is unsecured, interest free and repayable on demand.
11. Related Party Transactions
Volmech Electrical Contractors LtdCompany in which the directors have an interest.

Volmech Electrical Contractors Ltd

Company in which the directors have an interest.

At the balance sheet date, included within other creditors due within 1 year is £62,612 (2023: £100,892) due to Volmech Electrical Contractors Ltd in respect of a non-interest bearing loan, which is repayable on demand. 
12. Ultimate Controlling Party
The company's ultimate controlling party is Mr S Bishop and Mr T Hickey by virtue of their ownership of 100% of the issued share capital in the company.
Page 5