Volantice Ltd - Filleted accounts

Volantice Ltd
Registered number:		03632622
Balance Sheet
as at 30 September 2019

Notes			2019			2018
£				£
Fixed assets
Investments	3		-			523

Current assets
Debtors	4	223,803			284,509
Cash at bank and in hand		78,809			25,257
		302,612			309,766

Creditors: amounts falling due within one year	5	(21,840)			(14,349)

Net current assets			280,772			295,417

Net assets			280,772			295,940

Capital and reserves
Called up share capital			10			10
Profit and loss account			280,762			295,930

Shareholders' funds			280,772			295,940

The directors are 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 directors acknowledge their 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.




U.Algan
Director
Approved by the board on 29 April 2020

Volantice Ltd
Notes to the Accounts
for the year ended 30 September 2019


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

	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:

	Computer Equipment	over 3 Years reducing balance
	Fixtures, fittings, tools and equipment	over 5 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	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 (which is 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.

2	Tangible fixed assets
					Computer Equipment
£
	Cost
	At 1 October 2018				27,484
	At 30 September 2019				27,484

	Depreciation
	At 1 October 2018				27,484
	At 30 September 2019				27,484

	Net book value
	At 30 September 2019				-


3	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 October 2018				523
	Disposals				(523)

	At 30 September 2019				-



4	Debtors		2019		2018
£				£

	Trade debtors		1,117		1,389
	Other debtors		222,686		283,120
			223,803		284,509







5	Creditors: amounts falling due within one year		2019		2018
£				£

	Trade creditors		123		35
	Other creditors		21,717		14,314
			21,840		14,349


6	Controlling party

	The Directors are the controlling Party .


7	Other information

	Volantice Ltd is a private company limited by shares and incorporated in England. Its registered office is:

	The House
	High street
	Brenchley
	Kent
	TN12 7NQ

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