REGISTERED NUMBER: 08452968

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

KUSUM & LAXMI LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Ms D Gupta

Mr M Khandelwal

Registered office:

69 High Street

Southgate

London

N14 6LD

Registered number:

08452968

Fixed assets

Tangible assets

4

33,662

45,638

Current assets

Stocks

-

87,944

Debtors

5

161,300

35,624

Cash at bank

252,463

373,390

413,763

496,958

Creditors

Amounts falling due within one year

6

4,850

85,027

Net current assets

408,913

411,931

Total assets less current liabilities

442,575

457,569

Provisions for liabilities

7

8,416

11,410

Capital and reserves

Called up share capital

8

200

200

Retained earnings

9

433,959

445,959

Shareholders' funds

434,159

446,159

442,575

457,569

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 12 October 2026 and were signed on its behalf by:

Mr M Khandelwal - Director

1.	Statutory information

Kusum & Laxmi Ltd is a private company, limited by shares , registered in Not specified/Other. 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 pound sterling (£) and the level of rounding is the nearest £1.

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.

Sale of goods

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

¤ the Company has transferred the significant risks and rewards of ownership to the buyer;

¤ the Company retains neither continuing managerial involvement to the degree usually associated

with ownership nor effective control over the goods sold;

¤ the amount of turnover can be measured reliably;

¤ it is probable that the Company will receive the consideration due under the transaction; and

¤ the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stock have been valued at the lower of cost and estimated selling price less costs to sell.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Financial instruments

The company has entered into basic financial instruments and transactions that result in the

recognition of financial assets and liabilities like other debtors, creditors and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each

reporting period for objective evidence of impairment. If objective evidence of impairment is fund, an

impairment loss is recognised in the profit and loss.

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.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

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 2 (2025 - 2 ) .

4.	Tangible fixed assets

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 April 2025

and 31 March 2026

7,246

67,010

6,711

80,967

Depreciation

At 1 April 2025

5,618

25,365

4,346

35,329

Charge for year

407

10,412

1,157

11,976

At 31 March 2026

6,025

35,777

5,503

47,305

Net book value

At 31 March 2026

1,221

31,233

1,208

33,662

At 31 March 2025

1,628

41,645

2,365

45,638

5.

Debtors: amounts falling due within one year

31.3.26

31.3.25

£

£

Trade debtors

128,868

13,739

Other debtors

32,432

21,885

161,300

35,624

6.

Creditors: amounts falling due within one year

31.3.26

31.3.25

£

£

Bank loans and overdrafts

4,365

4,405

Trade creditors

410

432

Other creditors

75

80,190

4,850

85,027

7.	Provisions for liabilities

31.3.26

31.3.25

£

£

Deferred tax

8,416

11,410

Deferred tax

£

Balance at 1 April 2025

11,410

Utilised during year

(2,994

)

Balance at 31 March 2026

8,416

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

100

ORD

1

100

100

100

A ORDINARY

1

100

100

200

200

9.

Reserves

Retained

earnings

£

At 1 April 2025

445,959

Deficit for the year

(10,600

)

Dividends

(1,400

)

At 31 March 2026

433,959

Share capital

Share capital represents the nominal value of equity shares.

Retained earnings

Retained earnings include all current and prior period retained profits and losses.

10.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

£

Mr M Khandelwal

Balance outstanding at start of year

(60,360

)

(59,944

)

Amounts advanced

129,122

43,096

Amounts repaid

(50,409

)

(43,512

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

18,353

(60,360

)

Ms D Gupta

Balance outstanding at start of year

(10,360

)

(48,244

)

Amounts advanced

11,760

42,996

Amounts repaid

(1,400

)

(5,112

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(10,360

)

The above loan is interest free, repayable on demand and was unsecured.