Abbreviated Company Accounts - VOLANT COMMERCIALS LIMITED

VOLANT COMMERCIALS LIMITED - Company Information

08373639 VOLANT COMMERCIALS LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 08373639 2015-01-01 2015-12-31 08373639 2015-12-31 08373639 2014-12-31 08373639 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 08373639 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 08373639

VOLANT COMMERCIALS LIMITED

Abbreviated Accounts

31 December 2015

VOLANT COMMERCIALS LIMITED Registered Number 08373639

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	3,759	6,302
Investments	3	1	1
		3,760	6,303
Current assets
Stocks		5,000	10,870
Debtors		753,796	688,857
Cash at bank and in hand		7,420	22,535
		766,216	722,262
Creditors: amounts falling due within one year		(689,724)	(699,760)
Net current assets (liabilities)		76,492	22,502
Total assets less current liabilities		80,252	28,805
Creditors: amounts falling due after more than one year		-	(1,383)
Total net assets (liabilities)		80,252	27,422
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		80,152	27,322
Shareholders' funds		80,252	27,422

For the year ending 31 December 2015 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 23 September 2016

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 2015

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

Valuation information and policy
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 lease term and their 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.

Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.

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

Group accounts
The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.

2Tangible fixed assets

	£
Cost
At 1 January 2015	10,173
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	10,173
Depreciation
At 1 January 2015	3,871
Charge for the year	2,543
On disposals	-
At 31 December 2015	6,414
Net book values
At 31 December 2015	3,759
At 31 December 2014	6,302

3Fixed assets Investments
Subsidiary undertaking 2016 : £1 (2015 : £1)

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100