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REGISTERED NUMBER: 09146756 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

INDO COUNT UK LTD

INDO COUNT UK LTD (REGISTERED NUMBER: 09146756)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INDO COUNT UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mr K R Lalpuria
Mr S Joshi
Mr P G Valambia
Mr G M Naismith





REGISTERED OFFICE: 1 Doughty Street
London
WC1N 2PH





REGISTERED NUMBER: 09146756 (England and Wales)





AUDITORS: PSJ Alexander & Co
Chartered Accountants & Statutory Auditors
1 Doughty Street
London
WC1N 2PH

INDO COUNT UK LTD (REGISTERED NUMBER: 09146756)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,435 4,315

CURRENT ASSETS
Stocks 1,028,787 1,277,676
Debtors 5 1,159,118 1,061,821
Cash at bank and in hand 392,409 660,157
2,580,314 2,999,654
CREDITORS
Amounts falling due within one year 6 2,200,039 2,704,324
NET CURRENT ASSETS 380,275 295,330
TOTAL ASSETS LESS CURRENT
LIABILITIES

424,710

299,645

CAPITAL AND RESERVES
Called up share capital 7 86,000 86,000
Retained earnings 338,710 213,645
SHAREHOLDERS' FUNDS 424,710 299,645

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 28th June 2024 and were signed on its behalf by:





Mr K R Lalpuria - Director


INDO COUNT UK LTD (REGISTERED NUMBER: 09146756)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. COMPANY INFORMATION

Indo Count UK Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 09146756 and registered office address is 1 Doughty Street, London, WC1N 2PH.

The principal place of business is Ground Floor of Unit 2, The Stables, Wilmslow Road, East Didsbury, Manchester M20 5PG.

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.

Going Concern
These financial statements have been prepared on the going concern basis, which the directors believe to be appropriate as the company has received assurances from its parent undertaking that the latter will provide ongoing financial and other support to ensure that it remains a going concern.

The directors have assessed the going concern risks to the Company and have concluded that:
Financial projections indicate that the Company will continue to meet its liabilities as they fall due over the next twelve months from the date of approval of these financial statements.

The Company's parent undertaking and other shareholders have confirmed to continue to make available such funds as are needed by the Company for the period covered by the forecasts.

Based on these indications, the directors believe that it remains appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from the basis of preparation being inappropriate.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

INDO COUNT UK LTD (REGISTERED NUMBER: 09146756)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 12,156
Additions 47,726
At 31st March 2024 59,882
DEPRECIATION
At 1st April 2023 7,841
Charge for year 7,606
At 31st March 2024 15,447
NET BOOK VALUE
At 31st March 2024 44,435
At 31st March 2023 4,315

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,046,960 991,877
Amounts owed by group undertakings 97,712 42,081
Other debtors 14,446 27,863
1,159,118 1,061,821

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 87,208 27,605
Amounts owed to group undertakings 1,761,075 2,398,118
Taxation and social security 228,024 194,350
Other creditors 123,732 84,251
2,200,039 2,704,324

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
86,000 Ordinary £1 86,000 86,000

INDO COUNT UK LTD (REGISTERED NUMBER: 09146756)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Vimal Shah (Senior Statutory Auditor)
for and on behalf of PSJ Alexander & Co

9. OTHER FINANCIAL COMMITMENTS

The Company has operating lease commitments totalling £171,450 (2023: £16,060) as at the year-end.

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE PARENT COMPANY

The immediate and ultimate parent undertaking is Indo Count Industries Ltd, a public listed company in India. Copies of the consolidated financial statements can be obtained from the company's registered address Office No.1, Plot No. 266, Village Alte, Kumbhoj Road, Taluka Hatkanangale, Dist. Kolhapur - 416109, Maharashtra, India.