VK Interiors Ltd 30/04/2025 iXBRL

Company registration number: 04924431

VK Interiors Ltd

Unaudited filleted abridged financial statements

for the year ended

30 April 2025

VK Interiors Ltd

Contents

Directors and other information

Accountants report

Abridged statement of financial position

Notes to the financial statements

VK Interiors Ltd

Directors and other information


	Directors	Mrs K J Wells
		Mrs V A Wilkins


	Secretary	Mrs K J Wells


	Company number	04924431


	Registered office	Unit 5, Express Court
		Mullacott Business Park
		Ilfracombe
		Devon
		EX34 8FP


	Business address	Unit 5, Express Court
		Mullacott Business Park
		Ilfracombe
		Devon
		EX34 8FP


	Accountants	Giffords LLP
		Office 8, The Barns, Farm Road
		Caddsdown Industrial Park
		Bideford
		Devon
		EX39 3BT

VK Interiors Ltd

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of VK Interiors Ltd

Year ended 30 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of VK Interiors Ltd for the year ended 30 April 2025 which comprise the abridged statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of VK Interiors Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of VK Interiors Ltd and state those matters that we have agreed to state to the board of directors of VK Interiors Ltd as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than VK Interiors Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that VK Interiors Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of VK Interiors Ltd. You consider that VK Interiors Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of VK Interiors Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Giffords LLP

Chartered Accountants

Office 8, The Barns, Farm Road

Caddsdown Industrial Park

Bideford

Devon

EX39 3BT

3 December 2025

VK Interiors Ltd

Abridged statement of financial position

30 April 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	-		-
Tangible assets	6	12,787		15,248
		________		________
			12,787		15,248

Current assets
Stocks		35,846		28,045
Debtors		52,566		35,235
Cash at bank and in hand		9,748		10,651
		________		________
		98,160		73,931
Creditors: amounts falling due
within one year		( 77,943)		( 28,939)
		________		________
Net current assets			20,217		44,992
			________		________
Total assets less current liabilities			33,004		60,240

Creditors: amounts falling due
after more than one year			-		( 5,950)

Provisions for liabilities			( 816)		( 742)

			________		________
Net assets			32,188		53,548
			________		________

Capital and reserves
Called up share capital			100		100
Profit and loss account			32,088		53,448
			________		________
Shareholders funds			32,188		53,548
			________		________

For the year ending 30 April 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 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 income and retained earnings has not been delivered.

All of the members have consented to the preparation of the abridged statement of financial position for the current year ending 30 April 2025 in accordance with Section 444(2A) of the Companies Act 2006.

These financial statments were approved by the board of directors and authorised for issue on ................, and are signed on behalf of the board by:

These financial statements were approved by the board of directors and authorised for issue on 03 December 2025 , and are signed on behalf of the board by:

Mrs K J Wells Mrs V A Wilkins

Director Director

Company registration number: 04924431

VK Interiors Ltd

Notes to the financial statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Unit 5, Express Court, Mullacott Business Park, Ilfracombe, Devon, EX34 8FP.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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	-	5 years to 2021

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 are subsequently stated at cost less any accumulated depreciation and impairment losses.

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:


Tenants improvements	-	5 %	straight line
Plant and machinery	-	33 %	straight line
Fittings fixtures and equipment	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

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.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Intangible assets


		£
	Cost
	At 1 May 2024 and 30 April 2025	4,000
		________
	Amortisation
	At 1 May 2024 and 30 April 2025	4,000
		________
	Carrying amount
	At 30 April 2025	-
		________
	At 30 April 2024	-
		________

6. Tangible assets


		£
	Cost
	At 1 May 2024	247,113
	Additions	4,489
		________
	At 30 April 2025	251,602
		________
	Depreciation
	At 1 May 2024	231,865
	Charge for the year	6,950
		________
	At 30 April 2025	238,815
		________
	Carrying amount
	At 30 April 2025	12,787
		________
	At 30 April 2024	15,248
		________