Company Registration No. 09022461 (England and Wales)
Indus Valley Furniture Limited
Unaudited accounts
for the year ended 30 April 2024
Indus Valley Furniture Limited
Unaudited accounts
Contents
Indus Valley Furniture Limited
Company Information
for the year ended 30 April 2024
Directors
Atul Joshi
Pravesh Joshi
Company Number
09022461 (England and Wales)
Registered Office
Nelsons Solicitors
Pennine House
8 Stanford Street
Nottingham
Nottinghamshire
NG1 7BQ
England
Indus Valley Furniture Limited
Statement of financial position
as at 30 April 2024
Tangible assets
525,829
606,042
Inventories
339,081
416,896
Cash at bank and in hand
12,412
20,976
Creditors: amounts falling due within one year
(1,150,834)
(1,247,257)
Net current assets
143,848
369,242
Total assets less current liabilities
669,677
975,284
Creditors: amounts falling due after more than one year
(308,433)
(487,391)
Net assets
361,244
487,893
Called up share capital
30
30
Profit and loss account
361,214
487,863
Shareholders' funds
361,244
487,893
For the year ending 30 April 2024 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 30 January 2025 and were signed on its behalf by
Atul Joshi
Director
Company Registration No. 09022461
Indus Valley Furniture Limited
Notes to the Accounts
for the year ended 30 April 2024
Indus Valley Furniture Limited is a private company, limited by shares, registered in England and Wales, registration number 09022461. The registered office is Nelsons Solicitors, Pennine House, 8 Stanford Street, Nottingham, Nottinghamshire, NG1 7BQ, England.
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Plant & machinery
15% reducing balance
Motor vehicles
25% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Intangible fixed assets
Goodwill
Indus Valley Furniture Limited
Notes to the Accounts
for the year ended 30 April 2024
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 May 2023
433,107
431,490
864,597
Additions
6,085
39,639
45,724
Disposals
-
(27,217)
(27,217)
At 30 April 2024
439,192
443,912
883,104
At 1 May 2023
-
258,555
258,555
Charge for the year
-
86,298
86,298
On disposals
-
12,422
12,422
At 30 April 2024
-
357,275
357,275
At 30 April 2024
439,192
86,637
525,829
At 30 April 2023
433,107
172,935
606,042
Amounts falling due within one year
Trade debtors
942,087
1,172,822
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
455,977
537,547
Obligations under finance leases and hire purchase contracts
40,597
36,893
Trade creditors
272,664
195,430
Taxes and social security
49,715
107,573
Other creditors
251,326
272,791
Loans from directors
555
17,023
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
162,216
283,079
Obligations under finance leases and hire purchase contracts
146,217
204,312
9
Average number of employees
During the year the average number of employees was 13 (2023: 13).