Jithesh Retail Ltd

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

Registered number: 12948720

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		239,157		60,978
Tangible Assets	5		139,893		134,438

			379,050		195,416
CURRENT ASSETS
Stocks	6	146,650		110,820
Debtors	7	13,998		12,013
Cash at bank and in hand		72,213		22,090

		232,861		144,923
Creditors: Amounts Falling Due Within One Year	8	(611,488 )		(338,329 )

NET CURRENT ASSETS (LIABILITIES)			(378,627 )		(193,406 )

TOTAL ASSETS LESS CURRENT LIABILITIES			423		2,010

NET ASSETS			423		2,010

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			323		1,910

SHAREHOLDERS' FUNDS			423		2,010

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Jithesh Retail Ltd

Balance Sheet (continued)

As At 31 October 2024

For the year ending 31 October 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.

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 Loganathan Duraisamy

Director

31/10/2025

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

1. General Information

Jithesh Retail Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12948720 . The registered office is 2 Whitley Place, Holywell, , Whitley Bay, NE25 0NA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 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. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. 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:

Fixtures & Fittings

20%

2.5. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 13 (2023: 12)

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Jithesh Retail Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 November 2023	60,978
Additions	178,179

As at 31 October 2024	239,157

Net Book Value
As at 31 October 2024	239,157

As at 1 November 2023	60,978

5. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 November 2023	168,048
Additions	48,830

As at 31 October 2024	216,878

Depreciation
As at 1 November 2023	33,610
Provided during the period	43,375

As at 31 October 2024	76,985

Net Book Value
As at 31 October 2024	139,893

As at 1 November 2023	134,438

6. Stocks

	2024	2023
	£	£
Finished goods	146,650	110,820

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Jithesh Retail Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

7. Debtors

	2024	2023
	£	£
Due within one year
Amounts recoverable on contracts	13,998	6,000
VAT	-	6,013

	13,998	12,013

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	163,853	128,729
Corporation tax	426	426
Other taxes and social security	4,649	3,121
VAT	22,147	-
Credit Card	7,303	10,792
Other creditors (1)	143,901	93,100
Directors' loan accounts	269,209	102,161

	611,488	338,329

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

10. Dividends

	2024	2023
	£	£
On equity shares:
Final dividend paid	20,000	10,000

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