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Registered Number: 11305179
England and Wales

 

 

 

VKS STORES LTD


Abridged Accounts
 


Period of accounts

Start date: 01 May 2022

End date: 30 April 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 3 85,000    85,000 
Tangible fixed assets 4 16,807    19,773 
101,807    104,773 
Current assets      
Stocks 37,600    38,250 
Debtors 1    1 
Cash at bank and in hand 28,026    51,419 
65,627    89,670 
Creditors: amount falling due within one year (41,558)   (32,592)
Net current assets 24,069    57,078 
 
Total assets less current liabilities 125,876    161,851 
Creditors: amount falling due after more than one year (41,950)   (40,927)
Net assets 83,926    120,924 
 

Capital and reserves
     
Called up share capital 5 1    1 
Profit and loss account 83,925    120,923 
Shareholder's funds 83,926    120,924 
 


For the year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 22 January 2024 and were signed by:


-------------------------------
Balakrishnan CHANDRAPALAN
Director
1
General Information
VKS STORES LTD is a private company, limited by shares, registered in England and Wales, registration number 11305179, registration address 4 The Laurels, The Street, Effingham, Leatherhead,, Surrey, KT24 5LH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 15% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 May 2022 85,000    85,000 
Additions  
Disposals  
At 30 April 2023 85,000    85,000 
Amortisation
At 01 May 2022  
Charge for year  
On disposals  
At 30 April 2023  
Net book values
At 30 April 2023 85,000    85,000 
At 30 April 2022 85,000    85,000 


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 01 May 2022 28,700    28,700 
Additions  
Disposals  
At 30 April 2023 28,700    28,700 
Depreciation
At 01 May 2022 8,927    8,927 
Charge for year 2,966    2,966 
On disposals  
At 30 April 2023 11,893    11,893 
Net book values
Closing balance as at 30 April 2023 16,807    16,807 
Opening balance as at 01 May 2022 19,773    19,773 


5.

Share Capital

Authorised
100 Class A shares of £1.00 each
Allotted, called up and fully paid
2023
£
  2022
£
1 Class A share of £1.00 each  
 

2