The India Shop Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 02232641

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		524,219		535,028
Investments	5		100		100

			524,319		535,128
CURRENT ASSETS
Stocks	6	223,952		282,884
Debtors	7	86,441		34,705
Cash at bank and in hand		20,420		47,610

		330,813		365,199
Creditors: Amounts Falling Due Within One Year	8	(154,108 )		(179,317 )

NET CURRENT ASSETS (LIABILITIES)			176,705		185,882

TOTAL ASSETS LESS CURRENT LIABILITIES			701,024		721,010

Creditors: Amounts Falling Due After More Than One Year	9		(112,424 )		(133,719 )

NET ASSETS			588,600		587,291

CAPITAL AND RESERVES
Called up share capital	10		4,250		4,250
Share premium account			446,250		446,250
Revaluation reserve	11		41,000		41,000
Profit and Loss Account			97,100		95,791

SHAREHOLDERS' FUNDS			588,600		587,291

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The India Shop Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr John Wyles

Director

17 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

The India Shop Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02232641 . The registered office is Honey Street Mill, Honeystreet, Pewsey, Wiltshire, SN9 5PS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Revaluation policy
Plant & Machinery	20% Reducing balance
Motor Vehicles	25% Reducing balance
Computer Equipment	33% Reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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The India Shop Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 30 (2024: 32)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	542,655	178,558	60,660	-	781,873
Additions	-	1,368	-	57	1,425

As at 31 March 2025	542,655	179,926	60,660	57	783,298

Depreciation
As at 1 April 2024	66,614	122,442	57,789	-	246,845
Provided during the period	-	11,497	718	19	12,234

As at 31 March 2025	66,614	133,939	58,507	19	259,079

Net Book Value
As at 31 March 2025	476,041	45,987	2,153	38	524,219

As at 1 April 2024	476,041	56,116	2,871	-	535,028

5. Investments

	Other
	£
Cost or Valuation
As at 1 April 2024	100

As at 31 March 2025	100

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	100

As at 1 April 2024	100

6. Stocks

	2025	2024
	£	£
Stock	223,952	282,884

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The India Shop Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	17,509	1,507
Amounts owed by group undertakings	64,094	33,104
Other debtors	4,838	94

	86,441	34,705

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	42,413	66,906
Bank loans and overdrafts	57,525	25,000
Other creditors	28,497	67,975
Taxation and social security	25,673	19,436

	154,108	179,317

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	112,424	133,719

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	4,250	4,250

11. Reserves

	Revaluation Reserve
	£
As at 1 April 2024	41,000

As at 31 March 2025	41,000

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