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Company Registration No. 09766187 (England and Wales)
Volute London Limited Unaudited accounts for the year ended 30 September 2024
Volute London Limited Unaudited accounts Contents
Page
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Volute London Limited Company Information for the year ended 30 September 2024
Director
Roman Mykytyuk
Company Number
09766187 (England and Wales)
Registered Office
69 King William Street London EC4N 7HR
Accountants
CP Finance Unit 11, Worton Court Worton Hall Ind Estate Worton Road Isleworth Middlesex TW7 6ER
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Volute London Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,790 
22,954 
Current assets
Debtors
389,851 
1,162,840 
Cash at bank and in hand
389,074 
1,452,520 
778,925 
2,615,360 
Creditors: amounts falling due within one year
(771,344)
(1,387,946)
Net current assets
7,581 
1,227,414 
Net assets
10,371 
1,250,368 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
10,361 
1,250,358 
Shareholders' funds
10,371 
1,250,368 
For the year ending 30 September 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 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 11 February 2025 and were signed on its behalf by
Roman Mykytyuk Director Company Registration No. 09766187
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Volute London Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Volute London Limited is a private company, limited by shares, registered in England and Wales, registration number 09766187. The registered office is 69 King William Street, London, EC4N 7HR.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
33.33% straight line
Fixtures & fittings
33.33% straight line
Computer equipment
50% straight line
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2023
97,358 
1,545 
25,771 
124,674 
Additions
- 
- 
5,577 
5,577 
At 30 September 2024
97,358 
1,545 
31,348 
130,251 
Depreciation
At 1 October 2023
75,716 
1,544 
24,460 
101,720 
Charge for the year
21,642 
- 
4,099 
25,741 
At 30 September 2024
97,358 
1,544 
28,559 
127,461 
Net book value
At 30 September 2024
- 
1 
2,789 
2,790 
At 30 September 2023
21,642 
1 
1,311 
22,954 
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Volute London Limited Notes to the Accounts for the year ended 30 September 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
135,623 
135,115 
Accrued income and prepayments
243,228 
16,725 
Other debtors
11,000 
1,011,000 
389,851 
1,162,840 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
234,799 
77,386 
Trade creditors
492,685 
252,959 
Taxes and social security
165,678 
85,151 
Other creditors
53,182 
2,616 
Loans from directors
(175,000)
- 
Accruals
- 
969,834 
771,344 
1,387,946 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
8
Capital contribution reserve
During the year the company paid £1,425,000 as a Capital Contribution to Volute London EOT Ltd, an employee ownership trust. These funds were charged to the Retained Reserves as a Capital Contribution and then transferred to the EOT during the year.
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Roman Mykytyuk
Loan owed by director
- 
175,000 
- 
175,000 
- 
175,000 
- 
175,000 
10
Transactions with related parties
During the previous year the company lent £1,000,000 to RG Invest Ltd a company controlled by the director. The loan was repaid during the year and £20,000 interest was paid on the loan.
11
Controlling party
During the year the entire share capital of the company was acquired by Volute London EOT Ltd, an employee ownership trust. During the year the company paid £1,425,000 as a Capital Contribution to the Employee Ownership Trust.
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Volute London Limited Notes to the Accounts for the year ended 30 September 2024
12
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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