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Registered number: 11122490
Dhothar Shoes UK Limited
Directors' Report and
Unaudited Financial Statements
For The Year Ended 31 December 2025
Lion Tax Services Limited
Contents
Page
Company Information 1
Directors' Report 2
Accountant's Report 3
Profit and Loss Account 4
Balance Sheet 5—6
Notes to the Financial Statements 7—10
Page 1
Company Information
Directors Mr Aaronjit Dhothar
Mr Pavan Dhothar
Mr Rajan Dhothar
Mr Sajan Dhothar
Company Number 11122490
Registered Office 242 Norwood Road
Southall
UB2 4JQ
Accountants Lion Tax Services Limited
13 Clammas Way
Uxbridge
Middlesex
UB8 3AN
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Directors' Report
The directors present their report and the financial statements for the year ended 31 December 2025.
Directors
The directors who held office during the year were as follows:
Mr Aaronjit Dhothar
Mr Pavan Dhothar
Mr Rajan Dhothar
Mr Sajan Dhothar
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr Aaronjit Dhothar
Director
06/07/2026
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Accountant's Report
In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 December 2025 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Lion Tax Services Limited
06/07/2026
Lion Tax Services Limited
13 Clammas Way
Uxbridge
Middlesex
UB8 3AN
Page 3
Page 4
Profit and Loss Account
2025 2024
as restated
Notes £ £
TURNOVER 4,607,457 4,697,745
Cost of sales (2,796,016 ) (2,877,307 )
GROSS PROFIT 1,811,441 1,820,438
Distribution costs (679,410 ) (990,122 )
Administrative expenses (647,770 ) (580,050 )
Other operating income 10,500 5,276
OPERATING PROFIT 494,761 255,542
Profit on disposal of fixed assets - 5,576
Other interest receivable and similar income 1,584 2,463
Interest payable and similar charges (2,117 ) (2,031 )
PROFIT BEFORE TAXATION 494,228 261,550
Tax on Profit (120,962 ) (63,884 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 373,266 197,666
The notes on pages 7 to 10 form part of these financial statements.
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Balance Sheet
2025 2024
as restated
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 513,584 520,350
Tangible Assets 5 85,972 68,829
599,556 589,179
CURRENT ASSETS
Stocks 6 720,067 808,694
Debtors 7 478,036 532,326
Cash at bank and in hand 401,937 310,118
1,600,040 1,651,138
Creditors: Amounts Falling Due Within One Year 8 (569,139 ) (981,126 )
NET CURRENT ASSETS (LIABILITIES) 1,030,901 670,012
TOTAL ASSETS LESS CURRENT LIABILITIES 1,630,457 1,259,191
NET ASSETS 1,630,457 1,259,191
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 1,630,357 1,259,091
SHAREHOLDERS' FUNDS 1,630,457 1,259,191
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For the year ending 31 December 2025 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 in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mr Aaronjit Dhothar
Director
06/07/2026
The notes on pages 7 to 10 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Dhothar Shoes UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11122490 . The registered office is 242 Norwood Road, Southall, UB2 4JQ.
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. 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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.5. 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:
Plant & Machinery 25% on a reducing balance basis
Motor Vehicles 25% on a reducing balance basis
Fixtures & Fittings 25% on a reducing balance basis
Computer Equipment 25% on a reducing balance basis
2.6. 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.
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2.7. 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 year 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.
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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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 as follows: 16 (2024: 10)
16 10
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 January 2025 500,000 67,654 567,654
As at 31 December 2025 500,000 67,654 567,654
Amortisation
As at 1 January 2025 - 47,304 47,304
Provided during the period - 6,766 6,766
As at 31 December 2025 - 54,070 54,070
Net Book Value
As at 31 December 2025 500,000 13,584 513,584
As at 1 January 2025 500,000 20,350 520,350
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2025 49,824 23,495 52,868 28,971 155,158
Additions 2,860 27,307 13,683 1,951 45,801
As at 31 December 2025 52,684 50,802 66,551 30,922 200,959
Depreciation
As at 1 January 2025 24,560 10,279 30,973 20,517 86,329
Provided during the period 7,031 10,131 8,895 2,601 28,658
As at 31 December 2025 31,591 20,410 39,868 23,118 114,987
Net Book Value
As at 31 December 2025 21,093 30,392 26,683 7,804 85,972
As at 1 January 2025 25,264 13,216 21,895 8,454 68,829
6. Stocks
2025 2024
as restated
£ £
Finished goods 720,067 808,694
7. Debtors
2025 2024
as restated
£ £
Due within one year
Trade debtors 18,538 42,357
Prepayments and accrued income 8,394 8,270
Other debtors 450,000 451,622
VAT - 29,590
Net wages 1,104 487
478,036 532,326
8. Creditors: Amounts Falling Due Within One Year
2025 2024
as restated
£ £
Trade creditors 146,285 665,174
Bank loans and overdrafts 26,805 37,844
Corporation tax 120,962 63,884
Other taxes and social security 10,900 7,852
...CONTINUED
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VAT 97,067 -
Accruals and deferred income - 9,435
Directors' loan accounts 167,120 196,937
569,139 981,126
9. Share Capital
2025 2024
as restated
£ £
Allotted, Called up and fully paid 100 100
10. Post Balance Sheet Events
On 9th April 2026 the shareholders transferred their shares to Dhothar Holdings Limited.
These former shareholders of Dhothar Shoes UK Limted are, since that date, the only shareholders in Dhothar Holdings Limited.
11. Related Party Transactions
For the year to 31st December 2024 Dhothar Shoes UK Ltd paid £159,000 (31.12.2024 £142,400) to Dhothar Investments Ltd for rental of warehouses.
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