REGISTERED NUMBER: 05787493 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SHI INTERNATIONAL LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

Mrs S Thakrar

REGISTERED OFFICE:

505 Pinner Road

Harrow

Middlesex

HA2 6EH

REGISTERED NUMBER:

05787493 (England and Wales)

ACCOUNTANTS:

STGCA LLP t/a Sterling

Chartered Accountants

505 Pinner Road

Harrow

Middlesex

HA2 6EH

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Shi International Limited for the year ended 31 March 2025 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Shi International Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Shi International Limited and state those matters that we have agreed to state to the director of Shi International Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shi International Limited and its director for our work or for this report.

It is your duty to ensure that Shi International Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Shi International Limited. You consider that Shi International Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Shi International Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

STGCA LLP t/a Sterling

505 Pinner Road

Harrow

Middlesex

HA2 6EH

9 September 2025

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

501,921

510,545

501,921

510,545

CURRENT ASSETS

Inventories

6

66,086

62,010

Debtors

7

78,590

66,497

Cash at bank and in hand

202,993

216,733

347,669

345,240

CREDITORS

Amounts falling due within one year

8

360,775

343,122

NET CURRENT (LIABILITIES)/ASSETS

(13,106

)

2,118

TOTAL ASSETS LESS CURRENT LIABILITIES

488,815

512,663

CREDITORS

Amounts falling due after more than one year

9

(451,047

)

(471,362

)

PROVISIONS FOR LIABILITIES

12

(7,934

)

(9,656

)

NET ASSETS

29,834

31,645

CAPITAL AND RESERVES

Called up share capital

13

100

100

Retained earnings

14

29,734

31,545

SHAREHOLDERS' FUNDS

29,834

31,645

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 9 September 2025 and were signed by:

Mrs S Thakrar - Director

1.	STATUTORY INFORMATION

Shi International 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.

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.

Turnover

Turnover represents fees receivable from dispensing chemist in specialised stores excluding vat.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five 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.

Short leasehold

-

Straight line over 30 years

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33.33% on reducing balance

Stocks

Inventories 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

414,993

AMORTISATION

At 1 April 2024

and 31 March 2025

414,993

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

Goodwill is amortised over the period of five years.

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Freehold

Short

and

property

leasehold

fittings

£

£

£

COST

At 1 April 2024

459,636

10,040

93,629

Additions

530

-

-

At 31 March 2025

460,166

10,040

93,629

DEPRECIATION

At 1 April 2024

-

10,040

71,594

Charge for year

-

-

3,305

At 31 March 2025

-

10,040

74,899

NET BOOK VALUE

At 31 March 2025

460,166

-

18,730

At 31 March 2024

459,636

-

22,035

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

35,399

4,327

603,031

Additions

-

-

530

At 31 March 2025

35,399

4,327

603,561

DEPRECIATION

At 1 April 2024

7,080

3,772

92,486

Charge for year

5,664

185

9,154

At 31 March 2025

12,744

3,957

101,640

NET BOOK VALUE

At 31 March 2025

22,655

370

501,921

At 31 March 2024

28,319

555

510,545

The director do not consider the cost of the freehold property above to be materially different from it's fair value.

6.	INVENTORIES

31/3/25

31/3/24

£

£

Finished goods

66,086

62,010

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

60,663

59,086

Other debtors

4,502

-

VAT

10,296

4,193

Prepayments

3,129

3,218

78,590

66,497

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts (see note 10)

60,244

60,244

Trade creditors

76,670

83,954

Tax

6,714

5,646

Social security and other taxes

2,029

1,248

Pension

134

1,134

Directors' current accounts

212,284

188,696

Accrued expenses

2,700

2,200

360,775

343,122

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans (see note 10)

451,047

471,362

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

210,070

230,385

10.

LOANS

An analysis of the maturity of loans is given below:

31/3/25

31/3/24

£

£

Amounts falling due within one year or on demand:

Bank loans

60,244

60,244

Amounts falling due between one and two years:

Bank loans - 1-2 years

60,244

60,244

Amounts falling due between two and five years:

Bank loans - 2-5 years

180,733

180,733

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

210,070

230,385

11.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/25

31/3/24

£

£

Bank loans

511,291

531,606

The loan is secured by the way of fixed and floating charge over the freehold property in the company.

Loan is repayable at the end of 14th year and the rate of interest being charged at 7.75%.

12.	PROVISIONS FOR LIABILITIES

31/3/25

31/3/24

£

£

Deferred tax

7,934

9,656

Deferred tax

£

Balance at 1 April 2024

9,656

Movement in the year

(1,722

)

Balance at 31 March 2025

7,934

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/25

31/3/24

value:

£

£

100

Ordinary

£1

100

100

14.

RESERVES

Retained

earnings

£

At 1 April 2024

31,545

Profit for the year

21,189

Dividends

(23,000

)

At 31 March 2025

29,734

15.	ULTIMATE CONTROLLING PARTY

The director is the ultimate controller as she holds all the issued share capital of the company.