Volcano Management Limited

Volcano Management Limited

VOLCANO MANAGEMENT LIMITED - Company Information

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29 July 2016 false Taxfiler 2018.3.Web 10301796business:PrivateLimitedCompanyLtd2016-07-292017-07-31 103017962016-07-28 103017962016-07-292017-07-31 10301796business:AuditExemptWithAccountantsReport2016-07-292017-07-31 10301796business:FullAccounts2016-07-292017-07-31 103017962017-07-31 10301796business:Director12016-07-292017-07-31 10301796business:Director22016-07-292017-07-31 10301796business:Director32016-07-292017-07-31 10301796business:Director42016-07-292017-07-31 10301796business:RegisteredOffice2016-07-292017-07-31 10301796core:WithinOneYear2017-07-31 10301796core:ShareCapital2017-07-31 10301796core:RetainedEarningsAccumulatedLosses2017-07-31 10301796business:SmallEntities2016-07-292017-07-31 10301796countries:EnglandWales2016-07-292017-07-31 10301796core:ComputerEquipment2016-07-292017-07-31 10301796core:ComputerEquipment2016-07-28 10301796core:ComputerEquipment2017-07-31 iso4217:GBP xbrli:pure
Company Registration No. 10301796 (England and Wales)
Volcano Management Limited Unaudited accounts for the period from 29 July 2016 to 31 July 2017
Volcano Management Limited Unaudited accounts Contents
Page
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Volcano Management Limited Company Information for the period from 29 July 2016 to 31 July 2017
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 period from 29 July 2016 to 31 July 2017
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 period from 29 July 2016 to 31 July 2017 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 period.
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 27 April 2018
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Volcano Management Limited Statement of financial position as at 31 July 2017
2017 
Notes
£ 
Fixed assets
Tangible assets
4
2,000 
Current assets
Debtors
5
216,343 
Cash at bank and in hand
990 
217,333 
Creditors: amounts falling due within one year
6
(214,525)
Net current assets
2,808 
Net assets
4,808 
Capital and reserves
Called up share capital
4 
Profit and loss account
4,804 
Shareholders' funds
4,808 
For the period ending 31 July 2017 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 27 April 2018.
M.M.Neufeld Director Company Registration No. 10301796
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Volcano Management Limited Notes to the Accounts for the period from 29 July 2016 to 31 July 2017
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 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 29 July 2016
- 
Additions
4,000 
At 31 July 2017
4,000 
Depreciation
Charge for the period
2,000 
At 31 July 2017
2,000 
Net book value
At 31 July 2017
2,000 
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Volcano Management Limited Notes to the Accounts for the period from 29 July 2016 to 31 July 2017
5
Debtors
2017 
£ 
Trade debtors
101,001 
Other debtors
115,342 
216,343 
6
Creditors: amounts falling due within one year
2017 
£ 
Trade creditors
2,528 
Taxes and social security
686 
Other creditors
47,665 
Loans from directors
12,996 
Accruals
650 
Deferred income
150,000 
214,525 
7
Average number of employees
During the period the average number of employees was 3.
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