Bhagawathi Store Ltd - Filleted accounts

Bhagawathi Store Ltd
Registered number:		06667365
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		155,923			171,585

Current assets
Stocks		98,560			108,770
Debtors	4	-			10,195
Cash at bank and in hand		12,999			7,772
		111,559			126,737

Creditors: amounts falling due within one year	5	(32,131)			(43,367)

Net current assets			79,428			83,370

Total assets less current liabilities			235,351			254,955

Creditors: amounts falling due after more than one year	6		(111,187)			(149,798)



Net assets			124,164			105,157

Capital and reserves
Called up share capital			100			100
Profit and loss account			124,064			105,057

Shareholders' funds			124,164			105,157

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Bhavin Nareshkumar Shah
Director
Approved by the board on 20 May 2026

Bhagawathi Store Ltd
Notes to the Accounts
for the year ended 31 August 2025

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold property			over the lease term
	Computer & equipments			over 5 years
	Fixtures & fittings			over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					7		7


3	Tangible fixed assets
		Leasehold property		Computer & equipments		Fixtures & fittings		Total
£			£		£		£
	Cost
	At 1 September 2024	96,490		2,690		135,859		235,039
	Additions	-		-		4,446		4,446
	Disposals	-		-		(5,250)		(5,250)
	At 31 August 2025	96,490		2,690		135,055		234,235

	Depreciation
	At 1 September 2024	-		2,323		61,131		63,454
	Charge for the year	-		73		14,785		14,858
	At 31 August 2025	-		2,396		75,916		78,312

	Net book value
	At 31 August 2025	96,490		294		59,139		155,923
	At 31 August 2024	96,490		367		74,728		171,585


4	Debtors					2025		2024
£							£

	Other debtors					-		10,195


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					24,934		36,899
	Corporation tax					4,720		2,884
	Other taxes and social security					1,745		3,134
	Other creditors					732		450
						32,131		43,367


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					9,195		19,518
	Finance lease and HP contracts					101,992		130,280
						111,187		149,798


7	Other information

	Bhagawathi Store Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	The Court Building
	1 Market Street
	London
	SE18 6FU