Company Registration No. 07929946 (England and Wales)
V&K Group Ltd
Unaudited accounts
for the year ended 31 March 2026
V&K Group Ltd
Company Information
for the year ended 31 March 2026
Director
Kristine Upeniece
Company Number
07929946 (England and Wales)
Registered Office
30 Heol Hartrey
Dinas Powys
CF64 4RL
Accountants
Evans Entwistle
Venta House
Maes-glas
Newport
NP20 2NS
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 2026
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 2026 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
Venta House
Maes-glas
Newport
NP20 2NS
28 May 2025
V&K Group Ltd
Statement of financial position
as at 31 March 2026
Tangible assets
149,421
118,134
Cash at bank and in hand
-
10,235
Creditors: amounts falling due within one year
(121,055)
(74,139)
Net current liabilities
(48,083)
(15,367)
Total assets less current liabilities
101,338
102,767
Creditors: amounts falling due after more than one year
(53,465)
(46,679)
Provisions for liabilities
Deferred tax
(23,912)
(15,717)
Called up share capital
2
2
Fair value reserve
23,895
24,297
Profit and loss account
64
16,072
Shareholders' funds
23,961
40,371
For the year ending 31 March 2026 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 29 May 2025 and were signed on its behalf by
Kristine Upeniece
Director
Company Registration No. 07929946
V&K Group Ltd
Notes to the Accounts
for the year ended 31 March 2026
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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.
V&K Group Ltd
Notes to the Accounts
for the year ended 31 March 2026
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2025
142,114
33,920
1,915
177,949
Additions
55,024
-
-
55,024
At 31 March 2026
197,138
33,920
1,915
232,973
At 1 April 2025
38,113
19,787
1,915
59,815
Charge for the year
16,953
6,784
-
23,737
At 31 March 2026
55,066
26,571
1,915
83,552
At 31 March 2026
142,072
7,349
-
149,421
At 31 March 2025
104,001
14,133
-
118,134
Carrying amount of plant & machinery on cost basis
-
83,920
Amounts falling due within one year
Trade debtors
67,104
48,537
6
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
8,335
-
Obligations under finance leases and hire purchase contracts
44,043
13,011
Taxes and social security
18,656
18,989
Other creditors
5,631
2,925
7
Creditors: amounts falling due after more than one year
2026
2025
Obligations under finance leases and hire purchase contracts
53,465
46,615
V&K Group Ltd
Notes to the Accounts
for the year ended 31 March 2026
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
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 11 (2025: 4).