Registration number: SC735909

Vikas Sharma And Co Ltd

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 5

Vikas Sharma And Co Ltd

(Registration number: SC735909)
Statement of Financial Position as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	565	-
Current assets
Debtors	5	19,276	38,681
Cash at bank and in hand		18,609	45,629
		37,885	84,310
Creditors: Amounts falling due within one year	6	(33,772)	(41,087)
Net current assets		4,113	43,223
Net assets		4,678	43,223
Capital and reserves
Called up share capital		1	1
Retained earnings		4,677	43,222
Shareholders' funds		4,678	43,223

For the financial year ending 31 August 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 25 May 2026
 

......................................... Mr Vikas Sharma Director

Vikas Sharma And Co Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1	General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
64A Dee Street
Aberdeen
AB11 6DS
Scotland

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Vikas Sharma And Co Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3	Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 3 (2024 - 3).

Vikas Sharma And Co Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
Additions	646	646
At 31 August 2025	646	646
Depreciation
Charge for the year	81	81
At 31 August 2025	81	81
Carrying amount
At 31 August 2025	565	565

Vikas Sharma And Co Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

5

Debtors

Current	2025 £	2024 £
Trade debtors	19,210	36,617
Prepayments	66	864
Other debtors	-	1,200
	19,276	38,681

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	7,238	16,277
Accruals and deferred income	945	900
Other creditors	25,589	23,910
	33,772	41,087

7

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £25,425.00 (2024 - £10,308.90) per each Ordinary A		25,425		10,309