REGISTERED NUMBER: 02729511 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

SHANTIMEX (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D Bhardwaj

SECRETARY:

Mrs S Bhardwaj

REGISTERED OFFICE:

DSK Building

2 Dryden Street

Leicester

LE1 3QU

REGISTERED NUMBER:

02729511 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

638,055

583,520

638,055

583,520

CURRENT ASSETS

Stocks

31,444

31,339

Debtors

6

915,784

698,361

Cash at bank

1,092

25,132

948,320

754,832

CREDITORS

Amounts falling due within one year

7

711,144

336,077

NET CURRENT ASSETS

237,176

418,755

TOTAL ASSETS LESS CURRENT LIABILITIES

875,231

1,002,275

CREDITORS

Amounts falling due after more than one year

8

(348,886

)

(281,380

)

PROVISIONS FOR LIABILITIES

(42,061

)

(88,798

)

NET ASSETS

484,284

632,097

CAPITAL AND RESERVES

Called up share capital

480

480

Revaluation reserve

161,992

163,743

Retained earnings

321,812

467,874

484,284

632,097

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 August 2026 and were signed by:

Mr D Bhardwaj - Director

1.	STATUTORY INFORMATION

Shantimex (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Revenue comprises the fair value for the sale of goods and services excluding value added taxes and represents net invoice value. The company provides services and supplies goods to customers under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on the dispatch of goods and completion of services.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Short leasehold

-

Straight line over 20 years

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office Equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2024 - 30 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

15,600

AMORTISATION

At 1 September 2024

and 31 August 2025

15,600

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

5.	TANGIBLE FIXED ASSETS

Freehold

Short

Plant and

property

leasehold

machinery

£

£

£

COST OR VALUATION

At 1 September 2024

390,000

65,897

726,039

Additions

-

-

110,000

At 31 August 2025

390,000

65,897

836,039

DEPRECIATION

At 1 September 2024

15,600

32,949

592,475

Charge for year

7,800

3,294

38,848

At 31 August 2025

23,400

36,243

631,323

NET BOOK VALUE

At 31 August 2025

366,600

29,654

204,716

At 31 August 2024

374,400

32,948

133,564

Fixtures

and

Motor

Office

fittings

vehicles

Equipment

Totals

£

£

£

£

COST OR VALUATION

At 1 September 2024

56,040

52,398

51,506

1,341,880

Additions

-

-

6,714

116,714

At 31 August 2025

56,040

52,398

58,220

1,458,594

DEPRECIATION

At 1 September 2024

45,705

23,861

47,770

758,360

Charge for year

1,550

7,135

3,552

62,179

At 31 August 2025

47,255

30,996

51,322

820,539

NET BOOK VALUE

At 31 August 2025

8,785

21,402

6,898

638,055

At 31 August 2024

10,335

28,537

3,736

583,520

Cost or valuation at 31 August 2025 is represented by:

Freehold

Short

Plant and

property

leasehold

machinery

£

£

£

Valuation in 2022

185,049

-

-

Cost

204,951

65,897

836,039

390,000

65,897

836,039

Fixtures

and

Motor

Office

fittings

vehicles

Equipment

Totals

£

£

£

£

Valuation in 2022

-

-

-

185,049

Cost

56,040

52,398

58,220

1,273,545

56,040

52,398

58,220

1,458,594

If freehold property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

204,951

204,951

Freehold property was valued on an open market basis on 31 August 2022 by Kal Sangra, Shonki Brothers .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

539,422

314,419

Other debtors

376,362

383,942

915,784

698,361

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

71,696

12,269

Trade creditors

487,667

266,720

Taxation and social security

78,808

41,939

Other creditors

72,973

15,149

711,144

336,077

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

348,886

281,380

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

by instalment

227,809

232,304

227,809

232,304

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

391,785

293,649

10.	RELATED PARTY DISCLOSURES

Included within other debtors is an amount of £23,623 (2024: £23,623) owed from DSK Holdings Limited.

Included within other debtors is an amount of £329,629 (2024: £329.629) owed from Shantimex Holdings Limited.

Included within other debtors is an amount of £4,500 (2024: £4,500) owed from Official Icons Limited.

Mr D Bhardwaj and Mrs S Bhardwaj are both directors and shareholders of DSK Holdings Limited, Shantimex Holdings Limited and Official Icons Limited.