1 January 2024 false No description of principal activity Taxfiler 2024.6 SC584543business:PrivateLimitedCompanyLtd2024-01-012024-12-31 SC5845432023-12-31 SC5845432024-01-012024-12-31 SC584543business:AuditExempt-NoAccountantsReport2024-01-012024-12-31 SC584543business:FilletedAccounts2024-01-012024-12-31 SC5845432024-12-31 SC584543business:Director12024-01-012024-12-31 SC584543business:Director22024-01-012024-12-31 SC584543business:RegisteredOffice2024-01-012024-12-31 SC5845432023-12-31 SC584543core:WithinOneYear2024-12-31 SC584543core:WithinOneYear2023-12-31 SC584543core:AfterOneYear2024-12-31 SC584543core:AfterOneYear2023-12-31 SC584543core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 SC584543core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 SC584543core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 SC584543core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 SC584543core:PreviouslyStatedAmount2024-12-31 SC584543core:PreviouslyStatedAmount2023-12-31 SC584543business:SmallEntities2024-01-012024-12-31 SC584543countries:Scotland2024-01-012024-12-31 SC584543core:MotorVehicles2024-01-012024-12-31 SC584543core:FurnitureFittings2024-01-012024-12-31 SC584543core:MotorVehicles2023-12-31 SC584543core:FurnitureFittings2023-12-31 SC584543core:MotorVehicles2024-12-31 SC584543core:FurnitureFittings2024-12-31 SC5845432023-01-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC584543 (Scotland)
VSK RETAIL LTD Unaudited accounts for the year ended 31 December 2024
VSK RETAIL LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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VSK RETAIL LTD Company Information for the year ended 31 December 2024
Directors
Krishnarajah Vettvelu Krishnarajah Vettivelu
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 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
551,918 
98,124 
Current assets
Inventories
1,000,000 
204,000 
Debtors
5
9,698 
11,440 
Cash at bank and in hand
132,883 
34,334 
1,142,581 
249,774 
Creditors: amounts falling due within one year
6
(607,990)
(192,883)
Net current assets
534,591 
56,891 
Total assets less current liabilities
1,086,509 
155,015 
Creditors: amounts falling due after more than one year
7
(478,899)
(33,945)
Net assets
607,610 
121,070 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
607,608 
121,068 
Shareholders' funds
607,610 
121,070 
For the year ending 31 December 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 25 August 2025 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 2024
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 2024
97,071 
143,683 
240,754 
Additions
- 
551,193 
551,193 
At 31 December 2024
97,071 
694,876 
791,947 
Depreciation
At 1 January 2024
55,928 
86,702 
142,630 
Charge for the year
6,172 
91,227 
97,399 
At 31 December 2024
62,100 
177,929 
240,029 
Net book value
At 31 December 2024
34,971 
516,947 
551,918 
At 31 December 2023
41,143 
56,981 
98,124 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
9,698 
11,440 
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VSK RETAIL LTD Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
480,388 
92,319 
Taxes and social security
57,602 
30,564 
Loans from directors
70,000 
70,000 
607,990 
192,883 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
18,414 
33,945 
Other creditors
460,485 
- 
478,899 
33,945 
8
Average number of employees
During the year the average number of employees was 43 (2023: 20).
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