1 January 2023 false No description of principal activity Taxfiler 2024.6 SC584543business:PrivateLimitedCompanyLtd2023-01-012023-12-31 SC5845432022-12-31 SC5845432023-01-012023-12-31 SC584543business:AuditExempt-NoAccountantsReport2023-01-012023-12-31 SC584543business:FilletedAccounts2023-01-012023-12-31 SC5845432023-12-31 SC584543business:Director12023-01-012023-12-31 SC584543business:RegisteredOffice2023-01-012023-12-31 SC5845432022-12-31 SC584543core:WithinOneYear2023-12-31 SC584543core:WithinOneYear2022-12-31 SC584543core:AfterOneYear2023-12-31 SC584543core:AfterOneYear2022-12-31 SC584543core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 SC584543core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 SC584543core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 SC584543core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 SC584543core:PreviouslyStatedAmount2023-12-31 SC584543core:PreviouslyStatedAmount2022-12-31 SC584543business:SmallEntities2023-01-012023-12-31 SC584543countries:Scotland2023-01-012023-12-31 SC584543core:MotorVehicles2023-01-012023-12-31 SC584543core:FurnitureFittings2023-01-012023-12-31 SC584543core:MotorVehicles2022-12-31 SC584543core:FurnitureFittings2022-12-31 SC584543core:MotorVehicles2023-12-31 SC584543core:FurnitureFittings2023-12-31 SC5845432022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC584543 (Scotland)
VSK RETAIL LTD Unaudited accounts for the year ended 31 December 2023
VSK RETAIL LTD Unaudited accounts Contents
Page
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VSK RETAIL LTD Company Information for the year ended 31 December 2023
Director
Krishnarajah Vettvelu
Company Number
SC584543 (Scotland)
Registered Office
63-65 JOHN STREET ABERDEEN AB25 1LP UNITED KINGDOM
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VSK RETAIL LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
98,124 
72,642 
Current assets
Inventories
204,000 
270,000 
Debtors
11,440 
18,980 
Cash at bank and in hand
34,334 
78,048 
249,774 
367,028 
Creditors: amounts falling due within one year
(192,883)
(289,122)
Net current assets
56,891 
77,906 
Total assets less current liabilities
155,015 
150,548 
Creditors: amounts falling due after more than one year
(33,945)
(49,475)
Net assets
121,070 
101,073 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
121,068 
101,071 
Shareholders' funds
121,070 
101,073 
For the year ending 31 December 2023 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 director acknowledges his 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.
The financial statements were approved by the Board and authorised for issue on 10 September 2024 and were signed on its behalf by
Krishnarajah Vettvelu Director Company Registration No. SC584543
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VSK RETAIL LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
VSK RETAIL LTD is a private company, limited by shares, registered in Scotland, registration number SC584543. The registered office is 63-65, JOHN STREET, ABERDEEN, AB25 1LP, UNITED KINGDOM.
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 remained unchanged from the previous year, and also 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.
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:
Motor vehicles
15% reducing balance
Fixtures & fittings
15% reducing balance
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
48,567 
143,683 
192,250 
Additions
48,504 
- 
48,504 
At 31 December 2023
97,071 
143,683 
240,754 
Depreciation
At 1 January 2023
42,961 
76,647 
119,608 
Charge for the year
12,967 
10,055 
23,022 
At 31 December 2023
55,928 
86,702 
142,630 
Net book value
At 31 December 2023
41,143 
56,981 
98,124 
At 31 December 2022
5,606 
67,036 
72,642 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
11,440 
18,980 
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VSK RETAIL LTD Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
92,319 
152,926 
Taxes and social security
30,564 
66,196 
Loans from directors
70,000 
70,000 
192,883 
289,122 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
33,945 
49,475 
8
Average number of employees
During the year the average number of employees was 20 (2022: 20).
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