Company Registration No. SC584543 (Scotland)
VSK RETAIL LTD
Unaudited accounts
for the year ended 31 December 2023
VSK RETAIL LTD
Unaudited accounts
Contents
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
VSK RETAIL LTD
Statement of financial position
as at 31 December 2023
Tangible assets
98,124
72,642
Inventories
204,000
270,000
Cash at bank and in hand
34,334
78,048
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
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
VSK RETAIL LTD
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 December 2023
97,071
143,683
240,754
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
At 31 December 2023
41,143
56,981
98,124
At 31 December 2022
5,606
67,036
72,642
Amounts falling due within one year
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
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 20 (2022: 20).