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REGISTERED NUMBER: 03573676 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

VOLENTI LIMITED

VOLENTI LIMITED (REGISTERED NUMBER: 03573676)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VOLENTI LIMITED

Company Information
for the year ended 30 June 2024







DIRECTORS: M R Drew
R J Bowry
J C Meads





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 03573676 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

VOLENTI LIMITED (REGISTERED NUMBER: 03573676)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 434 -

CURRENT ASSETS
Debtors 5 89,842 117,928
Cash at bank 56,154 59,824
145,996 177,752
CREDITORS
Amounts falling due within one year 6 (55,968 ) (50,710 )
NET CURRENT ASSETS 90,028 127,042
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,462

127,042

PROVISIONS FOR LIABILITIES 7 (103 ) -
NET ASSETS 90,359 127,042

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 90,259 126,942
SHAREHOLDERS' FUNDS 90,359 127,042

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 10 February 2025 and were signed on its behalf by:



M R Drew - Director


VOLENTI LIMITED (REGISTERED NUMBER: 03573676)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Volenti 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the fair value of consideration received or receivable net of VAT and trade discounts. Revenue in the form of agents fees and academy receipts are recognised at the point of sale.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment-3 years on cost

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.

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.

VOLENTI LIMITED (REGISTERED NUMBER: 03573676)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Impairment
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2023 2,614
Additions 492
At 30 June 2024 3,106
DEPRECIATION
At 1 July 2023 2,614
Charge for year 58
At 30 June 2024 2,672
NET BOOK VALUE
At 30 June 2024 434
At 30 June 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 46,575 61,908
Other debtors 43,267 56,020
89,842 117,928

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 47,084 41,959
Other creditors 8,884 8,751
55,968 50,710

VOLENTI LIMITED (REGISTERED NUMBER: 03573676)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 103 -

Deferred
tax
£   
Accelerated capital allowances 103
Balance at 30 June 2024 103

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
63 Ordinary A £1 63 63
2 Ordinary B £1 2 2
25 Ordinary C £1 25 25
10 Ordinary D £1 10 10
100 100