Registered number
11475642
(England & Wales)
VOLFIX Limited
Directors' report and financial statements
31 July 2024
VOLFIX Limited
Registered number: 11475642
Directors' report
The director presents his report and the financial statements for the year ended 31.07.2024
Principal activities
The company`s main activities were retail sales via mail order houses or via Internet and business and domestic software development.
Directors
The following persons served as directors during the year:
Vasyl Gryshchenko
Director's responsibilities for preparing the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under the law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standarts and applicable law). The financial statements are required by law to give a true and fair view of the state of the affairs of the company and of the profit or loss of the company for that year.
In preparing these financial statements the directors are required to:
select suitable accounting policies and apply them consistently;
make judgments and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonble steps for the prevention and detection of fraud other irregularities.
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 18.04.2025 and signed on its behalf.
Vasyl Gryshchenko
Director
VOLFIX Limited
Statement of comprehensive income
for the year ended 31.07.2024
Notes 2024 2023
Turnover 473,709 871,623
Cost of sales (303,681) (552,237)
Gross Loss/(Profit) 170,028 319,386
Other income 808 7
Administrative expenses (156,581) (269,260)
Profit/Loss on ordinary activities before taxation 14,255 50,133
Tax on profit on ordinary activities (2,709) (9,525)
Profit for the year 11,546 40,608
"Notes" constitutes the corresponding entries in Detailed Income Statement
VOLFIX Limited
Registered number: 11475642
Statement of financial position
as at 31.07.2024
Notes 2024 2023
Current assets
Debtors 5 3,797 12,943
Cash at bank and in hand 164,617 203,375
168,414 216,318
Creditors: amounts falling due within one year 6 (2,709) (61,785)
Net current assets 165,705 154,533
Total assets less current liabilities 165,705 154,533
Creditors: amounts falling due after more than one year 7 (1,660) (2,034)
Net assets 164,045 152,499
Capital and reserves
Called up share capital 8 1,121 1,121
Profit and loss account 9 162,924 151,378
Shareholders' funds 164,045 152,499
a. For the year under review the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to the small companies regime.
b. The members have not required the company to obtain an audit of in accordance with section 476 of the Companies Act 2006.
c. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accountiong records and the preparation of accounts.
d. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
Vasyl Gryshchenko
Director
Approved by the board on 18.04.2025
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VOLFIX Limited
Notes to the financial statements
for the year ended 31.07.2024
1 General information
The company is a private company limited by shares, registered in the UK. The address of registerd office is C/O Law & Tax International Solutions, 25, City Road, London, United Kingdom, EC1Y 1AA
2 Statement of compliance
These financial statements have been prepeared under the historical cost convention and in compliance with the provisions of FRS 102, Section 1A, "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
3 Accounting policies
Basis of preparation
The Financial Statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
4 Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
5 Debtors 2024 2023
Prepayment 3,049 11,822
Other debtors 748 1,121
3,797 12,943
6 Creditors: amounts falling due within one year 2024 2023
Duties and Taxes 2,709 9,525
Trade creditors 45,350
Other creditors 6,910
2,709 61,785
7 Creditors: amounts falling due after more than one year 2024 2023
Other creditors 1,660 2,034
1,660 2,034
8 Share capital Nominal 2024 2024 2023
value Number
Ordinary shares £1 each 1,000 1,121 1,121.00
9 Profit and loss account 2024
At 31.07.2023 151,378
Profit for the year 11,546
At 31.07.2024 162,924
10 EMPLOYEE INFORMATION 2024
Average number of persons employed by the company 0
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