Registered number
Volatile Cycle Ltd
Abbreviated Accounts
30 November 2014
Volatile Cycle Ltd
Registered number: 07444436
Abbreviated Balance Sheet
as at 30 November 2014
Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 5,707 2,678
Current assets
Debtors 9,710 1,800
Cash at bank and in hand 15,645 10,931
25,355 12,731
Creditors: amounts falling due within one year (10,134) (10,022)
Net current assets 15,221 2,709
Net assets 20,928 5,387
Capital and reserves
Called up share capital 3 1 1
Profit and loss account 20,927 5,386
Shareholder's funds 20,928 5,387
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
Approved by the board on 13 December 2014
Volatile Cycle Ltd
Notes to the Abbreviated Accounts
for the year ended 30 November 2014
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 January 2015).
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 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
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.
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 £
At 1 December 2013 6,401
Additions 6,172
At 30 November 2014 12,573
At 1 December 2013 3,723
Charge for the year 3,143
At 30 November 2014 6,866
Net book value
At 30 November 2014 5,707
At 30 November 2013 2,678
3 Share capital Nominal 2014 2014 2013
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 1 1 1
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