VKY Intelligent Automation Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC551654 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

VKY INTELLIGENT AUTOMATION LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

K L Inch

R A E Stuart

REGISTERED OFFICE:

4th Floor, Atlantic House

1a Cadogan Street

Glasgow

G2 6QE

REGISTERED NUMBER:

SC551654 (Scotland)

ACCOUNTANTS:

Thomas Barrie & Co LLP

4th Floor, Atlantic House

1a Cadogan Street

Glasgow

G2 6QE

FIXED ASSETS

Tangible assets

4

9,939

15,808

CURRENT ASSETS

Debtors

5

343,191

292,381

Cash at bank

14

97,647

343,205

390,028

CREDITORS

Amounts falling due within one year

6

(1,578,987

)

(1,290,525

)

NET CURRENT LIABILITIES

(1,235,782

)

(900,497

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,225,843

)

(884,689

)

CREDITORS

Amounts falling due after more than one
year

7

-

(1,935

)

NET LIABILITIES

(1,225,843

)

(886,624

)

CAPITAL AND RESERVES

Called up share capital

30

Retained earnings

(1,225,873

)

(886,654

)

(1,225,843

)

(886,624

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2026 and were signed on its behalf by:

R A E Stuart - Director

1.	STATUTORY INFORMATION

Vky Intelligent Automation Limited is a private company, limited by shares, registered in Scotland, registration number SC551654. The registered office is Atlantic House, 1a Cadogan Street, Glasgow, United Kingdom, G2 6QE.

The principal activit.y of the company is the development and provision of automation services.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The presentational and functional currency of the financial statements is Pounds Sterling (£).

Going Concern

These financial statements have been prepared on the going concern basis despite the fact that Statement of Financial Position is showing a net current liability position of the Company. The key driver for this are loans provided to the Company by the directors/shareholders, which are all repayable on demand with no fixed terms of repayment. The directors do not intend to recall the loans within the next 12 months, hence going concern basis of the Company is considered to be appropriate.

Significant judgements and estimates

In preparing these financial statements, the directors are required to make judgements, estimates and assumptions that affect the application of the Company's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.

There are no significant judgements or estimates used in the preparation of these accounts.

Turnover

Turnover is measured at the fair value of consideration received or receivable, taking into account the amount of any discounts and rebates allowed by the entity, but excluding value added tax and other sales taxes.

Services

Income from services is recognised when performed.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Computer Equipment

-

50% on cost

The carrying values of tangible fixed assets are reviewed annually for impairment if events or changes in circumstances indicate the carrying values may not be recoverable.

Financial instruments

The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions

Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2025 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

Equipment

Totals

£

COST

At 1 March 2025

-

38,845

Additions

733

7,134

7,867

At 28 February 2026

733

45,979

46,712

DEPRECIATION

At 1 March 2025

-

23,037

Charge for year

79

13,657

13,736

At 28 February 2026

79

36,694

36,773

NET BOOK VALUE

At 28 February 2026

654

9,285

9,939

At 28 February 2025

-

15,808

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

153,269

159,688

Amounts owed by associates

-

3,289

Other debtors

189,922

129,404

343,191

292,381

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts

13,149

7,104

Other loans

190,875

180,875

Trade creditors

118,199

63,679

Amounts owed to associates

13,661

-

Social security and other taxes

18,457

17,931

VAT

99,149

48,358

Other creditors

71,989

26,686

Directors' current accounts

705,063

700,703

Accrued expenses

348,445

245,189

1,578,987

1,290,525

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2026

2025

£

Bank loans - 1-2 years

-

1,935

8.	SECURED DEBTS

The company has granted a bond and floating charge in favour of The Royal Bank of Scotland plc over all property and undertaking of the company.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2026 and 28 February 2025:

2026

2025

£

A Croucher

Balance outstanding at start of year

-

7,105

Amounts repaid

-

(7,105

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

10.	RELATED PARTY DISCLOSURES

Included within other creditors is a balance totalling £13,661 due to a company under common control by virtue of the directors.