Volmech Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Volmech Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08666224 . The registered office is Unit 1d Mereworth Business Centre Danns Lane, Wateringbury, Maidstone, Kent, ME18 5LW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% on reducing balance
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	25% on reducing balance
Computer Equipment	33% on reducing balance

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives.

Assets acquired under hire purchase contracts are depreciated over their useful lives.

Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Volmech Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 19 (2024: 15)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 September 2024	22,997	419,997	17,740	20,354	481,088
Additions	2,856	156,841	-	9,381	169,078
Disposals	-	(52,440 )	-	-	(52,440 )

As at 31 August 2025	25,853	524,398	17,740	29,735	597,726

Depreciation
As at 1 September 2024	17,829	164,755	9,554	11,408	203,546
Provided during the period	1,554	88,057	2,047	4,472	96,130
Disposals	-	(36,193 )	-	-	(36,193 )

As at 31 August 2025	19,383	216,619	11,601	15,880	263,483

Net Book Value
As at 31 August 2025	6,470	307,779	6,139	13,855	334,243

As at 1 September 2024	5,168	255,242	8,186	8,946	277,542

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Volmech Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Motor Vehicles	264,135	197,050

5. Stocks

	2025	2024
	£	£
Stock	5,000	5,000
Work in progress	10,000	10,000

	15,000	15,000

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	693,733	633,327
Prepayments and accrued income	17,068	22,860
Other debtors	111,200	80,082
Corporation tax recoverable assets	20	-
VAT	23,439	22,882
Directors' loan accounts	47,374	-
Amounts owed by group undertakings	9,329	-

	902,163	759,151
Due after more than one year
Other debtors	-	87,622
Deferred tax current asset	7,919	-

	7,919	87,622

	910,082	846,773

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	78,953	52,732
Trade creditors	342,056	336,881
Bank loans and overdrafts	39,948	10,000
Corporation tax	-	66,439
Other taxes and social security	42,677	20,108
Net wages	39,802	33,574
Other creditors	127,787	140,616
Accruals and deferred income	5,945	60,479
Directors' loan accounts	-	5,321
Amounts owed to group undertakings	45,882	-

	723,050	726,150

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Volmech Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	168,970	120,387
Bank loans	62,573	7,537

	231,543	127,924

9. Secured Creditors

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Net obligations under finance lease and hire purchase contracts	247,923		173,119

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	89,006	61,392
Later than one year and not later than five years	186,282	129,135

	275,288	190,527
Less: Finance charges allocated to future periods	27,365	17,408

	247,923	173,119

11. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	62,697	69,385

12. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

13. Directors Advances, Credits and Guarantees

Included within Debttors are the following loans to directors:

	As at 1 September 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 August 2025
	£	£	£	£	£
Mr Stephen Bishop	759	59,025	27,992	-	30,274
Mr Thomas Hickey	4,562	122,547	100,886	-	17,100

The above loan is unsecured and repayable on demand. Interest is charge at the HMRC approved rate.

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Volmech Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

14. Related Party Transactions

Volmech Fire & Security Ltd

A company under common control.

At the year end the company owed £26,050 (2024: Debtor £23,959) by Volmech Fire and Security Ltd.

Volmech Mechanical Ltd

A company under common control.

At the year end the company was owed £26,441 (2024: £62,612) by Volmech Mechanical Ltd.

Volmech Group Ltd

A company under common control.

At the year end the company was owed £1,000 by Volmech Group Ltd.

Voltaic Renewables Ltd

A company under common control.

At the year end the company owed £19,831 (2024: Debtor £1,050) by Volmech Renewables Ltd.

15. Ultimate Controlling Party

The company's ultimate controlling parties are Mr S Bishop and Mr T Hickey by virtue of their ownership of 100% of the issued share capital in the holding company.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		334,243		277,542

			334,243		277,542
CURRENT ASSETS
Stocks	5	15,000		15,000
Debtors	6	910,082		846,773
Cash at bank and in hand		54,305		181,228

		979,387		1,043,001
Creditors: Amounts Falling Due Within One Year	7	(723,050 )		(726,150 )

NET CURRENT ASSETS (LIABILITIES)			256,337		316,851

TOTAL ASSETS LESS CURRENT LIABILITIES			590,580		594,393

Creditors: Amounts Falling Due After More Than One Year	8		(231,543 )		(127,924 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	11		(62,697 )		(69,385 )

NET ASSETS			296,340		397,084

CAPITAL AND RESERVES
Called up share capital	12		2		2
Profit and Loss Account			296,338		397,082

SHAREHOLDERS' FUNDS			296,340		397,084

Mr Stephen Bishop Director	Mr Thomas Hickey Director
13 January 2026