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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
Page
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Indus Valley Furniture Limited Company Information for the year ended 30 April 2024
Directors
Atul Joshi Pravesh Joshi
Secretary
Mr Pawan Joshi
Company Number
09022461 (England and Wales)
Registered Office
Nelsons Solicitors Pennine House 8 Stanford Street Nottingham Nottinghamshire NG1 7BQ England
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Indus Valley Furniture Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
525,829 
606,042 
Current assets
Inventories
339,081 
416,896 
Debtors
943,189 
1,178,627 
Cash at bank and in hand
12,412 
20,976 
1,294,682 
1,616,499 
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 
Capital and reserves
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
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Indus Valley Furniture Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
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
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 
£ 
Cost
At 1 May 2023
2,226 
At 30 April 2024
2,226 
Amortisation
At 1 May 2023
2,226 
At 30 April 2024
2,226 
Net book value
At 30 April 2024
- 
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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 
Depreciation
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 
Net book value
At 30 April 2024
439,192 
86,637 
525,829 
At 30 April 2023
433,107 
172,935 
606,042 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
942,087 
1,172,822 
Other debtors
1,102 
5,805 
943,189 
1,178,627 
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 
Accruals
80,000 
80,000 
1,150,834 
1,247,257 
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 
308,433 
487,391 
9
Average number of employees
During the year the average number of employees was 13 (2023: 13).
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