Company Registration No. SC483474 (Scotland)
VRA Enterprises Limited
Unaudited Accounts
for the year ended 31 August 2025
VRA Enterprises Limited
Unaudited Accounts
Contents
VRA Enterprises Limited
Company Information
for the year ended 31 August 2025
Directors
Mrs V L Milligan
Mr R S Lindsay
Mrs A J King
Company Number
SC483474 (Scotland)
Registered Office
18A Nelson Street
KILMARNOCK
Ayrshire
KA1 1BD
Scotland
Accountants
Hugh Ferguson & Co. Ltd.
22 West Main Street
DARVEL
Ayrshire
KA17 0AQ
VRA Enterprises Limited
Statement of financial position
as at 31 August 2025
Tangible assets
132,910
89,420
Cash at bank and in hand
302,959
174,898
Creditors: amounts falling due within one year
(362,996)
(229,388)
Net current liabilities
(29,927)
(24,736)
Total assets less current liabilities
102,983
64,684
Provisions for liabilities
Deferred tax
(3,721)
(4,474)
Called up share capital
300
300
Profit and loss account
98,962
59,910
Shareholders' funds
99,262
60,210
For the 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. 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 31 May 2026 and were signed on its behalf by
Mr R S Lindsay
Director
Company Registration No. SC483474
VRA Enterprises Limited
Notes to the Accounts
for the year ended 31 August 2025
VRA Enterprises Limited is a private company, limited by shares, registered in Scotland, registration number SC483474. The registered office is 18A Nelson Street, KILMARNOCK, Ayrshire, KA1 1BD, Scotland.
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.
These financial statements for the year ended 31 August 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2023
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.
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:
Land & buildings
10% per annum on reducing balane
Plant & machinery
20% per annum on reducing balane
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
VRA Enterprises Limited
Notes to the Accounts
for the year ended 31 August 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 September 2024
-
424,712
424,712
At 31 August 2025
68,190
424,712
492,902
At 1 September 2024
-
335,292
335,292
Charge for the year
6,820
17,880
24,700
At 31 August 2025
6,820
353,172
359,992
At 31 August 2025
61,370
71,540
132,910
At 31 August 2024
-
89,420
89,420
Amounts falling due within one year
Accrued income and prepayments
16,666
13,878
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
130,561
130,229
Taxes and social security
55,388
35,891
Loans from directors
126,196
29,696
7
Operating lease commitments
2025
2024
At 31 August 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
12,000
12,000
VRA Enterprises Limited
Notes to the Accounts
for the year ended 31 August 2025
8
Transactions with related parties
During the period under review the company was charged rent of £12,000 by VRA Partnership for the rent of the hotel premises at 1 Maxwell Street, Dalbeattie, which is owned by VRA Partnership, from which the company trades. The Partners of VRA Partnership are Mrs V L Milligan, Mr R S Lindsay and Mrs A J King. Also, at 1st September 2024 the company owed £29,696 to Mrs Milligan, Mr Lindsay and Mrs King. During the period under review Mrs Milligan, Mr Lindsay and Mrs King advanced a further £96,500 to the company. At 31st August 2025 the company owed £126,196 to Mrs Milligan, Mr Lindsay and Mrs King. Mrs Milligan, Mr Lindsay and Mrs King are all directors of the company and they each have a beneficial interest in one-third of the company's called up share capital.
9
Average number of employees
During the year the average number of employees was 17 (2024: 15).
10
Reconciliations on adoption of FRS 102
Reconciliation of equity
1 September 2023
31 August 2024
Capital and reserves (as previously stated)
40,790
64,684
Deferred taxation
-
(4,474)
Capital and reserves (as restated)
40,790
60,210
Reconciliation of profit or loss for the year
31 August 2024
Profit for the year (as previously stated)
25,094
Profit for the year (as restated)
20,620