Registered number
07444436
Volatile Cycle Ltd
Abbreviated Accounts
30 November 2013
Volatile Cycle Ltd
Registered number: 07444436
Abbreviated Balance Sheet
as at 30 November 2013
Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 2,678 2,600
Current assets
Debtors 1,800 300
Cash at bank and in hand 10,931 17,107
12,731 17,407
Creditors: amounts falling due within one year (10,021) (11,676)
Net current assets 2,710 5,731
Net assets 5,388 8,331
Capital and reserves
Called up share capital 3 1 1
Profit and loss account 5,387 8,330
Shareholder's funds 5,388 8,331
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Richard Thompson
Director
Approved by the board on 12 December 2013
Volatile Cycle Ltd
Notes to the Abbreviated Accounts
for the year ended 30 November 2013
1 Accounting policies
Basis of preparation
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
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 25% straight line
Motor vehicles 25% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Tangible fixed assets £
Cost
At 1 December 2012 4,723
Additions 1,678
At 30 November 2013 6,401
Depreciation
At 1 December 2012 2,123
Charge for the year 1,600
At 30 November 2013 3,723
Net book value
At 30 November 2013 2,678
At 30 November 2012 2,600
3 Share capital Nominal 2013 2013 2012
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 1 1 1
Volatile Cycle Ltd 07444436 false true 2012-12-01 2013-11-30 2013-11-30 Richard Thompson 07444436 uk-bus:OrdinaryShareClass1 2012-11-30 07444436 2012-12-01 2013-11-30 07444436 uk-bus:Director40 2012-12-01 2013-11-30 07444436 uk-gaap:PlantMachinery 2012-12-01 2013-11-30 07444436 uk-gaap:MotorVehicles 2012-12-01 2013-11-30 07444436 uk-bus:OrdinaryShareClass1 2012-12-01 2013-11-30 07444436 2013-11-30 07444436 uk-bus:OrdinaryShareClass1 2013-11-30 07444436 2012-11-30 iso4217:GBP xbrli:shares

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