Volcano Management Limited

Volcano Management Limited

VOLCANO MANAGEMENT LIMITED - Company Information

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Company Registration No. 10301796 (England and Wales)
Volcano Management Limited Unaudited accounts for the year ended 31 July 2018
Volcano Management Limited Unaudited accounts Contents
Page
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Volcano Management Limited Company Information for the year ended 31 July 2018
Directors
M.M.Neufeld B.Z.Neufeld S.Neufeld Y.A.Neufeld
Company Number
10301796 (England and Wales)
Registered Office
103 High Street Waltham Cross Herts EN8 7AN England
Accountants
Brindley Goldstein Ltd 103 High Street Waltham Cross Herts. EN8 7AN
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Volcano Management Limited Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Volcano Management Limited for the year ended 31 July 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Volcano Management Limited for the year ended 31 July 2018 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Volcano Management Limited, as a body, in accordance with the terms of our engagement letter dated 27 April 2018. Our work has been undertaken solely to prepare for your approval the accounts of Volcano Management Limited and state those matters that we have agreed to state to the Board of Directors of Volcano Management Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Volcano Management Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Volcano Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Volcano Management Limited. You consider that Volcano Management Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Volcano Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Brindley Goldstein Ltd Chartered Accountants 103 High Street Waltham Cross Herts. EN8 7AN 16 April 2019
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Volcano Management Limited Statement of financial position as at 31 July 2018
2018 
2017 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
- 
2,000 
Current assets
Debtors
5
127,700 
216,343 
Cash at bank and in hand
94 
990 
127,794 
217,333 
Creditors: amounts falling due within one year
6
(115,944)
(214,525)
Net current assets
11,850 
2,808 
Net assets
11,850 
4,808 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
11,846 
4,804 
Shareholders' funds
11,850 
4,808 
For the year ending 31 July 2018 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 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 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.
Approved by the Board on 16 April 2019.
M.M.Neufeld Director Company Registration No. 10301796
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Volcano Management Limited Notes to the Accounts for the year ended 31 July 2018
1
Statutory information
Volcano Management Limited is a private company, limited by shares, registered in England and Wales, registration number 10301796. The registered office is 103 High Street, Waltham Cross, Herts, EN8 7AN, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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:
Computer equipment
50% straight line
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2017
4,000 
At 31 July 2018
4,000 
Depreciation
At 1 August 2017
2,000 
Charge for the year
2,000 
At 31 July 2018
4,000 
Net book value
At 31 July 2018
- 
At 31 July 2017
2,000 
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Volcano Management Limited Notes to the Accounts for the year ended 31 July 2018
5
Debtors
2018 
2017 
£ 
£ 
Trade debtors
9,400 
101,001 
Other debtors
118,300 
115,342 
127,700 
216,343 
6
Creditors: amounts falling due within one year
2018 
2017 
£ 
£ 
Trade creditors
8,695 
2,528 
Taxes and social security
1,553 
686 
Other creditors
23,000 
47,665 
Loans from directors
7,046 
12,996 
Accruals
650 
650 
Deferred income
75,000 
150,000 
115,944 
214,525 
7
Average number of employees
During the year the average number of employees was 3 (2017: 3).
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