11 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,000,000 800,000 50,000 850,000 150,000 200,000 xbrli:pure xbrli:shares iso4217:GBP 06445891 2024-04-01 2025-03-31 06445891 2025-03-31 06445891 2024-03-31 06445891 2023-04-01 2024-03-31 06445891 2024-03-31 06445891 2023-03-31 06445891 core:FurnitureFittings 2024-04-01 2025-03-31 06445891 core:MotorVehicles 2024-04-01 2025-03-31 06445891 bus:Director7 2024-04-01 2025-03-31 06445891 core:NetGoodwill 2024-03-31 06445891 core:NetGoodwill 2025-03-31 06445891 core:FurnitureFittings 2024-03-31 06445891 core:MotorVehicles 2024-03-31 06445891 core:FurnitureFittings 2025-03-31 06445891 core:MotorVehicles 2025-03-31 06445891 core:WithinOneYear 2025-03-31 06445891 core:WithinOneYear 2024-03-31 06445891 core:AfterOneYear 2025-03-31 06445891 core:AfterOneYear 2024-03-31 06445891 core:ShareCapital 2025-03-31 06445891 core:ShareCapital 2024-03-31 06445891 core:SharePremium 2025-03-31 06445891 core:SharePremium 2024-03-31 06445891 core:CapitalRedemptionReserve 2025-03-31 06445891 core:RetainedEarningsAccumulatedLosses 2025-03-31 06445891 core:RetainedEarningsAccumulatedLosses 2024-03-31 06445891 core:NetGoodwill 2024-04-01 2025-03-31 06445891 core:NetGoodwill 2024-03-31 06445891 core:FurnitureFittings 2024-03-31 06445891 core:MotorVehicles 2024-03-31 06445891 bus:SmallEntities 2024-04-01 2025-03-31 06445891 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 06445891 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06445891 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06445891 bus:FullAccounts 2024-04-01 2025-03-31
COMPANY REGISTRATION NUMBER: 06445891
VKHP CONSULTING LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2025
VKHP CONSULTING LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2025
2025
2024
Note
£
£
Fixed assets
Intangible assets
5
150,000
200,000
Tangible assets
6
44,404
55,585
----------
----------
194,404
255,585
Current assets
Debtors
7
461,403
404,856
Cash at bank and in hand
3,079
59
----------
----------
464,482
404,915
Creditors: amounts falling due within one year
8
383,921
362,463
----------
----------
Net current assets
80,561
42,452
----------
----------
Total assets less current liabilities
274,965
298,037
Creditors: amounts falling due after more than one year
9
52,655
33,211
Provisions
Taxation including deferred tax
10,109
12,686
----------
----------
Net assets
212,201
252,140
----------
----------
Capital and reserves
Called up share capital
130
140
Share premium account
49,980
49,980
Capital redemption reserve
10
Profit and loss account
162,081
202,020
----------
----------
Shareholders funds
212,201
252,140
----------
----------
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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
VKHP CONSULTING LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2025
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 9 May 2025 , and are signed on behalf of the board by:
Mr H Morris
Director
Company registration number: 06445891
VKHP CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 168 Church Road, Hove, East Sussex, BN3 2DL. The principal place of business is 340 High Street, Dorking, Surrey, RH4 1QX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.
The directors considers that the uncertainty caused in the Civil and Structural Engineers and Surveyors industry as a result of Coronavirus and the recovery from the restrictions put in place by the government should not materially affect the company's ability to continue as a going concern.
This assumption has been continued as the economy is hit by the cost of living crisis, and world economic impact of the war in Ukraine.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
20 years straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss. Basic financial liabilities that are loans from directors who are natural persons and a shareholder in the entity (or a close member of the family of that person) are measured initially at transaction price.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 11 (2024: 13 ).
5. Intangible assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
1,000,000
-------------
Amortisation
At 1 April 2024
800,000
Charge for the year
50,000
-------------
At 31 March 2025
850,000
-------------
Carrying amount
At 31 March 2025
150,000
-------------
At 31 March 2024
200,000
-------------
6. Tangible assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 April 2024 and 31 March 2025
304,845
31,010
335,855
----------
---------
----------
Depreciation
At 1 April 2024
277,686
2,584
280,270
Charge for the year
4,074
7,107
11,181
----------
---------
----------
At 31 March 2025
281,760
9,691
291,451
----------
---------
----------
Carrying amount
At 31 March 2025
23,085
21,319
44,404
----------
---------
----------
At 31 March 2024
27,159
28,426
55,585
----------
---------
----------
7. Debtors
2025
2024
£
£
Trade debtors
157,451
178,332
Amounts owed by group undertakings and undertakings in which the company has a participating interest
177,542
73,690
Other debtors
126,410
152,834
----------
----------
461,403
404,856
----------
----------
8. Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
78,906
98,260
Trade creditors
45,671
61,562
Corporation tax
59,427
76,964
Social security and other taxes
123,176
99,210
Other creditors
76,741
26,467
----------
----------
383,921
362,463
----------
----------
9. Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
36,334
13,333
Other creditors
16,321
19,878
---------
---------
52,655
33,211
---------
---------
10. Related party transactions
On 1 June 2023 the company became a subsidiary of VKHP Holdings Ltd, a company incorporated in England & Wales.