Volly Engineering Limited - Filleted accounts

Registered number

09699622

Volly Engineering Limited

Filleted Accounts

for the year ended 31 July 2025

Volly Engineering Limited
Registered number:		09699622
Balance Sheet
as at 31 July 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		82,004			59,827

Current assets
Cash at bank and in hand		(21,339)			(19,550)

Creditors: amounts falling due within one year	4	(12,373)			(35,288)

Net current assets/(liabilities)			(33,712)			(54,838)

Total assets less current liabilities			48,292			4,989

Creditors: amounts falling due after more than one year	5		(48,082)			-

Net assets/(liabilities)			210			4,989


Capital and reserves
Called up share capital			1			1
Profit and loss account			209			4,988

Shareholders' funds			210			4,989


The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Wojciech Tomasz
Director
Approved by the board on 9 October 2025

Volly Engineering Limited
Notes to the Accounts
for the year ended 31 July 2025


1	Accounting policies

	Basis of preparation
	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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
	Plant and machinery			20% Straight line
	Motor vehicles			18% Reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					12		12


3	Tangible fixed assets
		Plant and machinery		Fixtures and fittings		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 August 2024	118,661		-		92,173		210,834
	Additions	49,795		1,743		-		51,538
	At 31 July 2025	168,456		1,743		92,173		262,372

	Depreciation
	At 1 August 2024	89,515		-		61,492		151,007
	Charge for the year	23,489		349		5,523		29,361
	At 31 July 2025	113,004		349		67,015		180,368

	Net book value
	At 31 July 2025	55,452		1,394		25,158		82,004
	At 31 July 2024	29,146		-		30,681		59,827


4	Creditors: amounts falling due within one year					2025		2024
£							£

	Net wages					4,987		-
	Accrual					4,993		(3,125)
	Corporation tax					1,852		7,189
	PAYE and national insurance					9,907		7,311
	VAT liabilities					33,442		33,723
	Director's accounts					(47,135)		(17,378)
	Finance lease and HP contracts < 1 year					4,327		7,568
						12,373		35,288

5	Creditors: amounts falling due after one year					2025		2024
£							£

	Other creditors					48,082		-


6	Profit and loss account					2025
£

	At 1 August 2024					4,988
	Profit/(loss) for the year					33,721
	Dividend					(38,500)
	At 31 July 2025					209


7	Dividends					2025		2024
£							£

	Dividends for which the company became liable during the year:
	Dividends paid					38,500		90,000
						38,500		90,000


8	Related party transactions

	Included within the creditors at the year end is £47,135 (2024: £17,378) due from the company directors. During the period the company paid £269,660 of expenses on behalf of the directors and the directors introduced £239,903 into the company.


9	Controlling party

	The ultimate controlling parties are the directors and shareholders Mr Wojciech Tomasz and Mrs Dorota Tomasz.


10	Other information

	Volly Engineering Limited is a private company limited by shares and incorporated in England. Its registered office is:
	30 St Helier Close
	Blackburn
	BB2 4EB