LAKSHMI STORES AND TRADERS LIMITED

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—4

Registered number: 11244890

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		32,137		38,807

			32,137		38,807
CURRENT ASSETS
Stocks	5	90,000		62,000
Debtors	6	319,612		287,599
Cash at bank and in hand		246,806		121,227

		656,418		470,826
Creditors: Amounts Falling Due Within One Year	7	(37,616 )		(57,898 )

NET CURRENT ASSETS (LIABILITIES)			618,802		412,928

TOTAL ASSETS LESS CURRENT LIABILITIES			650,939		451,735

Creditors: Amounts Falling Due After More Than One Year	8		(548,666 )		(377,578 )

NET ASSETS			102,273		74,157

CAPITAL AND RESERVES
Called up share capital	9		1		1
Income Statement			102,272		74,156

SHAREHOLDERS' FUNDS			102,273		74,157

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LAKSHMI STORES AND TRADERS LIMITED

Statement of Financial Position (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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement.

On behalf of the board

Mr Venkatesan Palaniappan

Director

31/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

LAKSHMI STORES AND TRADERS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 11244890 . The registered office is 04 Tarina Close, Chellaston, Derby, DE73 6TZ.

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:

Motor Vehicles	25%
Fixtures & Fittings	15%
Computer Equipment	25%

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 7 (2024: 6)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	28,124	35,027	3,997	67,148
Additions	-	-	1,232	1,232

As at 31 March 2025	28,124	35,027	5,229	68,380

Depreciation
As at 1 April 2024	11,847	13,951	2,543	28,341
Provided during the period	4,069	3,161	672	7,902

As at 31 March 2025	15,916	17,112	3,215	36,243

...CONTINUED

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LAKSHMI STORES AND TRADERS LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	12,208	17,915	2,014	32,137

As at 1 April 2024	16,277	21,076	1,454	38,807

5. Stocks

	2025	2024
	£	£
Finished goods	90,000	62,000

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	319,612	287,599

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	5,247	9,745
Other creditors	17,968	34,938
Taxation and social security	14,401	13,215

	37,616	57,898

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

	2025	2024
	£	£
Other creditors	548,666	377,578

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

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