Voley Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05601483 (England and Wales)

Voley Limited

Unaudited Financial Statements

for the Year Ended 31 October 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C K Lau Dec'd

Mrs Y F Lau

SECRETARY:

Mrs Y F Lau

REGISTERED OFFICE:

93 St Thomas's Street

Old Portsmouth

Hampshire

PO1 2HE

REGISTERED NUMBER:

05601483 (England and Wales)

ACCOUNTANTS:

Barter Durgan

Chartered Accountants

10 Victoria Road South

Southsea

Hampshire

PO5 2DA

BANKERS:

Barclays Bank

PO Box 6

107 Commercial Road

Portsmouth

Hampshire

PO6 3DH

FIXED ASSETS

Tangible assets

4

-

918

CURRENT ASSETS

Debtors

5

-

164

Cash at bank

202,855

167,964

202,855

168,128

CREDITORS

Amounts falling due within one year

6

17,316

20,452

NET CURRENT ASSETS

185,539

147,676

TOTAL ASSETS LESS CURRENT
LIABILITIES

185,539

148,594

CAPITAL AND RESERVES

Called up share capital

7

1,000

Retained earnings

184,539

147,594

SHAREHOLDERS' FUNDS

185,539

148,594

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394
and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors on 19 March 2020 and were signed on its behalf by:

C K Lau Dec'd - Director

Mrs Y F Lau - Director

1.	STATUTORY INFORMATION

Voley Limited is a private company, limited by shares , registered in England and Wales. The company's registered

number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - 2 ).

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 November 2018

4,900

Disposals

(4,900

)

At 31 October 2019

-

DEPRECIATION

At 1 November 2018

3,982

Charge for year

351

Eliminated on disposal

(4,333

)

At 31 October 2019

-

NET BOOK VALUE

At 31 October 2019

-

At 31 October 2018

918

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Prepayments

-

164

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Taxation

13,573

13,599

Social security and other taxes

-

68

VAT

-

4,705

Directors' current accounts

2,143

480

Accrued expenses

1,600

17,316

20,452

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

1,000

Ordinary

£1

1,000

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C K Lau Dec'd.

Voley Limited - Accounts to registrar (filleted) - small 18.2

Voley Limited - Accounts to registrar (filleted) - small 18.2