Abbreviated Company Accounts - VOLANT COMMERCIALS LIMITED

VOLANT COMMERCIALS LIMITED - Company Information

08373639 VOLANT COMMERCIALS LIMITED 2013-12-31 false 2013-01-24 2013-12-31 true 08373639 2013-01-24 2013-12-31 08373639 2013-12-31 08373639 uk-gaap-cd-bus:Director1 2013-01-24 2013-12-31 08373639 uk-gaap-cd-bus:Director2 2013-01-24 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-24 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 08373639

VOLANT COMMERCIALS LIMITED

Abbreviated Accounts

31 December 2013

VOLANT COMMERCIALS LIMITED Registered Number 08373639

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013
		£
Fixed assets
Tangible assets	2	8,845
		8,845
Current assets
Stocks		20,874
Debtors		191,312
Cash at bank and in hand		19,129
		231,315
Creditors: amounts falling due within one year		(212,941)
Net current assets (liabilities)		18,374
Total assets less current liabilities		27,219
Creditors: amounts falling due after more than one year		(3,753)
Total net assets (liabilities)		23,466
Capital and reserves
Called up share capital	3	100
Profit and loss account		23,366
Shareholders' funds		23,466

For the year ending 31 December 2013 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 July 2014

And signed on their behalf by:
RICHARD VANN, Director

VOLANT COMMERCIALS LIMITED Registered Number 08373639

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows :

Fixtures, fittings and equipment - 25% straight line
Motor vehicles - 25% straight line

Other accounting policies
Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and there useful lives. Obligations under such agreements are included in 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 constant periodic rates of charge on the net obligations outstanding in each period.

Stock and work in progress

Stock and work in progress is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
Additions	10,173
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	10,173
Depreciation
Charge for the year	1,328
On disposals	-
At 31 December 2013	1,328
Net book values
At 31 December 2013	8,845

3Called Up Share Capital
Allotted, called up and fully paid:

	2013 £
100 Ordinary shares of £1 each	100