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REGISTERED NUMBER: 02729511 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

SHANTIMEX (UK) LIMITED

SHANTIMEX (UK) LIMITED (REGISTERED NUMBER: 02729511)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHANTIMEX (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Mr D Bhardwaj





SECRETARY: Mrs S Bhardwaj





REGISTERED OFFICE: DSK Building
2 Dryden Street
Leicester
LE1 3QU





REGISTERED NUMBER: 02729511 (England and Wales)

SHANTIMEX (UK) LIMITED (REGISTERED NUMBER: 02729511)

BALANCE SHEET
31 AUGUST 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 780
Tangible assets 5 583,520 596,829
583,520 597,609

CURRENT ASSETS
Stocks 31,339 27,426
Debtors 6 698,361 796,131
Cash at bank 25,132 79,069
754,832 902,626
CREDITORS
Amounts falling due within one year 7 336,077 420,529
NET CURRENT ASSETS 418,755 482,097
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,002,275

1,079,706

CREDITORS
Amounts falling due after more than one
year

8

(281,380

)

(293,609

)

PROVISIONS FOR LIABILITIES (88,798 ) (91,097 )
NET ASSETS 632,097 695,000

CAPITAL AND RESERVES
Called up share capital 480 480
Revaluation reserve 163,743 165,494
Retained earnings 467,874 529,026
632,097 695,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SHANTIMEX (UK) LIMITED (REGISTERED NUMBER: 02729511)

BALANCE SHEET - continued
31 AUGUST 2024


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 director and authorised for issue on 28 August 2025 and were signed by:





Mr D Bhardwaj - Director


SHANTIMEX (UK) LIMITED (REGISTERED NUMBER: 02729511)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Shantimex (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Revenue comprises the fair value for the sale of goods and services excluding value added taxes and represents net invoice value. The company provides services and supplies goods to customers under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on the dispatch of goods and completion of services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Short leasehold - Straight line over 20 years
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office Equipment - 33% on cost

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

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 balance sheet date.


SHANTIMEX (UK) LIMITED (REGISTERED NUMBER: 02729511)

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


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 15,600
AMORTISATION
At 1 September 2023 14,820
Charge for year 780
At 31 August 2024 15,600
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 780

SHANTIMEX (UK) LIMITED (REGISTERED NUMBER: 02729511)

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


5. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST OR VALUATION
At 1 September 2023 390,000 65,897 726,039
Additions - - -
At 31 August 2024 390,000 65,897 726,039
DEPRECIATION
At 1 September 2023 7,800 29,654 566,184
Charge for year 7,800 3,295 26,291
At 31 August 2024 15,600 32,949 592,475
NET BOOK VALUE
At 31 August 2024 374,400 32,948 133,564
At 31 August 2023 382,200 36,243 159,855

Fixtures
and Motor Office
fittings vehicles Equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 September 2023 56,040 25,398 51,506 1,314,880
Additions - 27,000 - 27,000
At 31 August 2024 56,040 52,398 51,506 1,341,880
DEPRECIATION
At 1 September 2023 43,882 23,349 47,182 718,051
Charge for year 1,823 512 588 40,309
At 31 August 2024 45,705 23,861 47,770 758,360
NET BOOK VALUE
At 31 August 2024 10,335 28,537 3,736 583,520
At 31 August 2023 12,158 2,049 4,324 596,829

Cost or valuation at 31 August 2024 is represented by:

Freehold Short Plant and
property leasehold machinery
£    £    £   
Valuation in 2022 185,049 - -
Cost 204,951 65,897 726,039
390,000 65,897 726,039

SHANTIMEX (UK) LIMITED (REGISTERED NUMBER: 02729511)

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


5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Office
fittings vehicles Equipment Totals
£    £    £    £   
Valuation in 2022 - - - 185,049
Cost 56,040 52,398 51,506 1,156,831
56,040 52,398 51,506 1,341,880

If freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
as restated
£    £   
Cost 204,951 204,951

Freehold property was valued on an open market basis on 31 August 2022 by Kal Sangra, Shonki Brothers .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 314,419 440,148
Other debtors 383,942 355,983
698,361 796,131

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Bank loans and overdrafts 12,269 12,309
Trade creditors 266,720 274,387
Taxation and social security 41,939 63,072
Other creditors 15,149 70,761
336,077 420,529

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
as restated
£    £   
Bank loans 281,380 293,609

SHANTIMEX (UK) LIMITED (REGISTERED NUMBER: 02729511)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
as restated
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalment 232,304 244,373
232,304 244,373

9. RELATED PARTY DISCLOSURES

Included within other debtors is an amount of £23,623 (2023: £23,623) owed from DSK Holdings Limited.

Included within other debtors is an amount of £329,629 (2023: £317,929) owed from Shantimex Holdings Limited.

Included within other debtors is an amount of £4,500 (2023: £NIL) owed from Official Icons Limited.

Mr D Bhardwaj and Mrs S Bhardwaj are both directors and shareholders of DSK Holdings Limited, Shantimex Holdings Limited and Official Icons Limited.