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
Volute London Limited
Company Information
for the year ended 30 September 2024
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
Volute London Limited
Statement of financial position
as at 30 September 2024
Tangible assets
2,790
22,954
Cash at bank and in hand
389,074
1,452,520
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
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
Volute London Limited
Notes to the Accounts
for the year ended 30 September 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 30 September 2024
97,358
1,545
31,348
130,251
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
At 30 September 2024
-
1
2,789
2,790
At 30 September 2023
21,642
1
1,311
22,954
Volute London Limited
Notes to the Accounts
for the year ended 30 September 2024
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
6
Creditors: amounts falling due within one year
2024
2023
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)
-
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.
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan owed by director
-
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.
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.
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).