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REGISTERED NUMBER: 09146756 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

INDO COUNT UK LTD

INDO COUNT UK LTD (REGISTERED NUMBER: 09146756)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025










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 2025







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 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 39,913 44,435

CURRENT ASSETS
Stocks 1,328,325 1,028,787
Debtors 5 1,453,933 1,159,118
Cash at bank and in hand 168,171 392,409
2,950,429 2,580,314
CREDITORS
Amounts falling due within one year 6 2,426,917 2,200,039
NET CURRENT ASSETS 523,512 380,275
TOTAL ASSETS LESS CURRENT
LIABILITIES

563,425

424,710

CAPITAL AND RESERVES
Called up share capital 7 86,000 86,000
Retained earnings 477,425 338,710
SHAREHOLDERS' FUNDS 563,425 424,710

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 22nd May 2025 and were signed on its behalf by:





Mr S Joshi - Director


INDO COUNT UK LTD (REGISTERED NUMBER: 09146756)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025


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 is dependent on the following considerations by the directors:

- 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 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.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses.

The estimates and assumptions used in the accompanying financial statements are based upon management's evaluation of the relevant facts and circumstances as on the date of the financial statements. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised and in any future periods affected.

Information about estimation uncertainties that may have a significant risk of resulting in a material adjustment within the next financial year are:

Tangible fixed assets:
The residual values of the fixed assets (excluding land) are reviewed annually after considering the remaining life of the asset and projected disposal values. The estimation of the useful lives is based on historic performance as well as expectation about future use and, therefore, requires a degree of judgement to be applied. The depreciation rates represent management's current best estimate of the useful lives of the assets. A material change in these estimates may significantly impact the carrying values of these assets.

Provision for Slow-Moving and Obsolete Stock:
The company holds significant inventories of textile products which are subject to changing consumer preferences and seasonal trends. Management reviews inventory on a line-by-line basis at the reporting date and makes a provision for slow-moving and obsolete stock.

The provision is based on estimated future sales, historical sales trends, and current market conditions. Items identified as slow-moving or obsolete are either written down to their estimated net realisable value or fully provided against, depending on the expected recoverability. The level of provision is reviewed and updated at each year-end. This estimate may be inherently subjective and could change significantly depending on future demand and pricing trends.

INDO COUNT UK LTD (REGISTERED NUMBER: 09146756)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


2. ACCOUNTING POLICIES - continued

Turnover
Revenue for sale of goods is recognised when the significant risks and rewards of ownership have been transferred to the buyer, there is no continuing involvement with the goods, and the amount of revenue can be measured reliably, which can be on the date of shipment or the date of receipt by the customer. Transfer of risks and rewards varies depending on the individual terms of the contract of sale, including the delivery conditions, agreed with the customers.

Revenue is recorded net of trade promotion and discounts, which is recognised as incurred, generally at the time of the sale. Accruals for expected promotion and discount payouts to customer are included as accruals in the Balance Sheet. Revenue is also recorded net of Value Added Tax.

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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2024 59,882
Additions 5,950
At 31st March 2025 65,832
DEPRECIATION
At 1st April 2024 15,447
Charge for year 10,472
At 31st March 2025 25,919
NET BOOK VALUE
At 31st March 2025 39,913
At 31st March 2024 44,435

INDO COUNT UK LTD (REGISTERED NUMBER: 09146756)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 1,100,755 1,046,960
Amounts owed by group undertakings 338,406 97,712
Other debtors 14,772 14,446
1,453,933 1,159,118

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 142,632 87,208
Amounts owed to group undertakings 1,704,508 1,761,075
Taxation and social security 290,125 228,024
Other creditors 289,652 123,732
2,426,917 2,200,039

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
86,000 Ordinary £1 86,000 86,000

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 £171,750 (2024: £219,000) 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.