2023-11-12 2024-11-11 false Capium Accounts Production 1.1 13739417 2023-11-12 2024-11-11 13739417 bus:FullAccounts 2023-11-12 2024-11-11 13739417 bus:FRS102 2023-11-12 2024-11-11 13739417 bus:AuditExemptWithAccountantsReport 2023-11-12 2024-11-11 13739417 bus:SmallCompaniesRegimeForAccounts 2023-11-12 2024-11-11 13739417 bus:PrivateLimitedCompanyLtd 2023-11-12 2024-11-11 13739417 2023-11-12 2024-11-11 13739417 2024-11-11 13739417 bus:RegisteredOffice 2023-11-12 2024-11-11 13739417 core:WithinOneYear 2024-11-11 13739417 core:AfterOneYear 2024-11-11 13739417 1 2023-11-12 2024-11-11 13739417 bus:Director1 2023-11-12 2024-11-11 13739417 bus:Director1 2024-11-11 13739417 bus:Director1 2022-11-12 2023-11-11 13739417 bus:Director2 2023-11-12 2024-11-11 13739417 bus:Director2 2024-11-11 13739417 bus:Director2 2022-11-12 2023-11-11 13739417 2022-11-12 13739417 bus:LeadAgentIfApplicable 2023-11-12 2024-11-11 13739417 2022-11-12 2023-11-11 13739417 2023-11-11 13739417 core:WithinOneYear 2023-11-11 13739417 core:AfterOneYear 2023-11-11 13739417 bus:EntityAccountantsOrAuditors 2022-11-12 2023-11-11 13739417 core:ComputerEquipment 2023-11-12 2024-11-11 13739417 core:ComputerEquipment 2024-11-11 13739417 core:ComputerEquipment 2023-11-11 13739417 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-11-11 13739417 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-11-11 13739417 core:CostValuation core:Non-currentFinancialInstruments 2024-11-11 13739417 core:CostValuation core:Non-currentFinancialInstruments 2023-11-11 13739417 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-11-11 13739417 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-11-11 13739417 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-11-11 13739417 core:Non-currentFinancialInstruments 2024-11-11 13739417 core:Non-currentFinancialInstruments 2023-11-11 13739417 core:ShareCapital 2024-11-11 13739417 core:ShareCapital 2023-11-11 13739417 core:RetainedEarningsAccumulatedLosses 2024-11-11 13739417 core:RetainedEarningsAccumulatedLosses 2023-11-11 13739417 dpl:Item1 2023-11-12 13739417 dpl:Item1 2024-11-11 13739417 dpl:Item1 2022-11-12 13739417 dpl:Item1 2023-11-11 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 13739417
England and Wales

 

 

 

VOLCORE LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 12 November 2023

End date: 11 November 2024
Directors Liam Sharle Meads Dennis
Tian Zhen Bian
Registered Number 13739417
Registered Office 27 Old Gloucester Street
London
WC1N 3AX
Accountants Cypher
Monkswell
Little Baldon
Oxford
OX44 9PU
1
 

 
Notes

 
2024
£

  2023
£
(as restated)
Fixed assets      
Tangible fixed assets 3 12,864    12,698 
12,864    12,698 
Current assets      
Debtors 4 295,876    12,393 
Cash at bank and in hand 1,140,891    764,357 
1,436,767    776,750 
Creditors: amount falling due within one year 5 (601,995)   (66,367)
Net current assets 834,772    710,383 
 
Total assets less current liabilities 847,636    723,081 
Provisions for liabilities 6 (3,609)   (3,328)
Net assets 844,027    719,753 
 

Capital and reserves
     
Called up share capital 600,000    600,000 
Profit and loss account 244,027    119,753 
Shareholders' funds 844,027    719,753 
 


For the year ended 11 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 25 July 2025 and were signed on its behalf by:


-------------------------------
Liam Sharle Meads Dennis
Director
2
General Information
Volcore Ltd is a private company, limited by shares, registered in England and Wales, registration number 13739417, registration address 27 Old Gloucester Street, London, WC1N 3AX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 3 Years Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 6 (2023 : 3).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 12 November 2023 16,121    16,121 
Additions 7,386    7,386 
Disposals  
At 11 November 2024 23,507    23,507 
Depreciation
At 12 November 2023 3,423    3,423 
Charge for year 7,220    7,220 
On disposals  
At 11 November 2024 10,643    10,643 
Net book values
Closing balance as at 11 November 2024 12,864    12,864 
Opening balance as at 12 November 2023 12,698    12,698 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 21,184   
Prepayments & Accrued Income 2,767    8,535 
Accrued Income 267,657   
Other Debtors 1,700    1,700 
VAT 2,568    2,158 
295,876    12,393 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 21,817    5,349 
Loans 252,877   
Corporation Tax 7,096    25,999 
PAYE & Social Security 10,666    2,501 
Accrued Expenses 301,640    29,536 
Wages & Salaries Control Account 7,899    2,982 
601,995    66,367 

6.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 3,175   
Charged to Profit & Loss 41    3,175 
Pension Provisions 393    153 
3,609    3,328 

7.

Loans from Participators

During the period, the company received a loan of £250,000 (2023: £nil) from The Colee Trust. The loan is repayable within 12 months of issuance and accrues interest at an annual rate of 10%. A shareholder of the company is also a trustee of The Colee Trust. As at the balance sheet date, the outstanding amount owed by the Company was £252,877.
8.

Transition to FRS 102 (1A)

During the period the company has transitioned from micro entity status. The accounts presented here for the year ending 11 November 2023 have been restated to ensure they are in compliance with FRS102 (1A), and comparable with the figures for the year ending 11 November 2024.

Reconciliation of equity
Capital and reserves for the company at 11 November 2023 was previously stated as £122,928. Following the transition to FRS102 (1A), this has been restated to £119,753, a decrease of £3,175, representing the recognition of deferred tax.


3