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Company Registration No. 07929946 (England and Wales)
V&K Group Ltd Unaudited accounts for the year ended 31 March 2025
V&K Group Ltd Unaudited accounts Contents
Page
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V&K Group Ltd Company Information for the year ended 31 March 2025
Director
Kristine Upeniece
Company Number
07929946 (England and Wales)
Registered Office
30 Heol Hartrey Dinas Powys CF64 4RL
Accountants
Evans Entwistle Villa House 7 Herbert Terrace Penarth Vale of Glamorgan CF64 2AH
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of V&K Group Ltd for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of V&K Group Ltd for the year ended 31 March 2025 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice Villa House 7 Herbert Terrace Penarth Vale of Glamorgan CF64 2AH 3 May 2025
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V&K Group Ltd Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
118,134 
52,768 
Current assets
Debtors
48,537 
82,258 
Cash at bank and in hand
10,235 
127 
58,772 
82,385 
Creditors: amounts falling due within one year
(74,139)
(90,159)
Net current liabilities
(15,367)
(7,774)
Total assets less current liabilities
102,767 
44,994 
Creditors: amounts falling due after more than one year
(46,679)
(37,726)
Provisions for liabilities
Deferred tax
(15,717)
(1,056)
Net assets
40,371 
6,212 
Capital and reserves
Called up share capital
2 
2 
Fair value reserve
24,297 
- 
Profit and loss account
16,072 
6,210 
Shareholders' funds
40,371 
6,212 
For the year ending 31 March 2025 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 her 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 13 May 2025 and were signed on its behalf by
Kristine Upeniece Director Company Registration No. 07929946
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V&K Group Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
V&K Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 07929946. The registered office is 30 Heol Hartrey, Dinas Powys, CF64 4RL.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Plant & machinery are carried at a revalued amount, being its fair value at the date of revaluation less any subsequent depreciation and impairment. The other tangible assets are included at cost less depreciation and impairment. The useful lives of assets have been updated to reflect their actual rates of consumption. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10 years straight line
Motor vehicles
5 years straight line
Computer equipment
3 years straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised 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 rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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V&K Group Ltd Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2024
113,882 
33,920 
1,915 
149,717 
Additions
28,232 
- 
- 
28,232 
At 31 March 2025
142,114 
33,920 
1,915 
177,949 
Depreciation
At 1 April 2024
78,961 
16,253 
1,735 
96,949 
Charge for the year
(20,768)
3,534 
180 
(17,054)
Surplus on revaluation
(20,080)
- 
- 
(20,080)
At 31 March 2025
38,113 
19,787 
1,915 
59,815 
Net book value
At 31 March 2025
104,001 
14,133 
- 
118,134 
At 31 March 2024
34,921 
17,667 
180 
52,768 
2025 
2024 
£ 
£ 
Carrying amount of plant & machinery on cost basis
83,920 
- 
Plant and Machinery has been revalued as at 31st March 2025, based on the market values at that date as provided by the director.
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
48,537 
82,258 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
- 
3,374 
VAT
32,687 
41,798 
Obligations under finance leases and hire purchase contracts
13,011 
12,319 
Taxes and social security
18,989 
23,511 
Other creditors
2,925 
373 
Accruals
6,527 
8,784 
74,139 
90,159 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Obligations under finance leases and hire purchase contracts
46,615 
37,667 
Loans from directors
64 
59 
46,679 
37,726 
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V&K Group Ltd Notes to the Accounts for the year ended 31 March 2025
8
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Loans to directors
General interest free loan granted to directors and repayable on demand.
10
Average number of employees
During the year the average number of employees was 4 (2024: 3).
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