The India Shop Limited

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

Registered number: 02232641

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		516,858		524,219
Investments	5		100		100

			516,958		524,319
CURRENT ASSETS
Stocks	6	186,270		223,952
Debtors	7	80,727		86,441
Cash at bank and in hand		126,069		20,420

		393,066		330,813
Creditors: Amounts Falling Due Within One Year	8	(289,073 )		(154,108 )

NET CURRENT ASSETS (LIABILITIES)			103,993		176,705

TOTAL ASSETS LESS CURRENT LIABILITIES			620,951		701,024

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

NET ASSETS			620,951		588,600

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			129,451		97,100

SHAREHOLDERS' FUNDS			620,951		588,600

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The India Shop Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 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

6 August 2026

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 2026

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: 47 (2025: 30)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2025	542,655	179,926	60,660	57	783,298
Additions	-	2,750	-	155	2,905

As at 31 March 2026	542,655	182,676	60,660	212	786,203

Depreciation
As at 1 April 2025	66,614	133,939	58,507	19	259,079
Provided during the period	-	-	10,202	64	10,266

As at 31 March 2026	66,614	133,939	68,709	83	269,345

Net Book Value
As at 31 March 2026	476,041	48,737	(8,049 )	129	516,858

As at 1 April 2025	476,041	45,987	2,153	38	524,219

5. Investments

	Other
	£
Cost or Valuation
As at 1 April 2025	100

As at 31 March 2026	100

Provision
As at 1 April 2025	-

As at 31 March 2026	-

Net Book Value
As at 31 March 2026	100

As at 1 April 2025	100

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The India Shop Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Stocks

	2026	2025
	£	£
Stock	186,270	223,952

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	41,811	17,509
Amounts owed by group undertakings	50,494	64,094
Other debtors	(11,578)	4,838

	80,727	86,441

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	27,009	42,413
Bank loans and overdrafts	122,949	57,525
Other creditors	92,345	28,497
Taxation and social security	46,770	25,673

	289,073	154,108

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

	2026	2025
	£	£
Bank loans	-	112,424

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	4,250	4,250

11. Reserves

	Share Premium	Revaluation reserve	Profit and Loss Account
	£	£	£
As at 1 April 2025	446,250	41,000	97,100
Profit for the year and total comprehensive income	-	-	32,351

As at 31 March 2026	446,250	41,000	129,451

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