IRIS Accounts Production v24.3.0.553 01561946 Board of Directors 1.7.23 30.6.24 30.6.24 true true false true true false false true false Ordinary 0.33000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh015619462023-06-30015619462024-06-30015619462023-07-012024-06-30015619462022-06-30015619462022-07-012023-06-30015619462023-06-3001561946ns15:EnglandWales2023-07-012024-06-3001561946ns14:PoundSterling2023-07-012024-06-3001561946ns10:Director12023-07-012024-06-3001561946ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3001561946ns10:FRS1022023-07-012024-06-3001561946ns10:Audited2023-07-012024-06-3001561946ns10:LargeCompaniesRegimeForDirectorsReport2023-07-012024-06-3001561946ns10:LargeCompaniesRegimeForAccounts2023-07-012024-06-3001561946ns10:FullAccounts2023-07-012024-06-3001561946ns10:OrdinaryShareClass12023-07-012024-06-3001561946ns10:Director22023-07-012024-06-3001561946ns10:Director32023-07-012024-06-3001561946ns10:CompanySecretary12023-07-012024-06-3001561946ns10:RegisteredOffice2023-07-012024-06-3001561946ns5:CurrentFinancialInstruments2024-06-3001561946ns5:CurrentFinancialInstruments2023-06-3001561946ns5:ShareCapital2024-06-3001561946ns5:ShareCapital2023-06-3001561946ns5:RetainedEarningsAccumulatedLosses2024-06-3001561946ns5:RetainedEarningsAccumulatedLosses2023-06-3001561946ns5:ShareCapital2022-06-3001561946ns5:RetainedEarningsAccumulatedLosses2022-06-3001561946ns5:RetainedEarningsAccumulatedLosses2022-07-012023-06-3001561946ns5:RetainedEarningsAccumulatedLosses2023-07-012024-06-300156194612023-07-012024-06-3001561946ns5:FurnitureFittings2023-07-012024-06-3001561946ns5:MotorVehicles2023-07-012024-06-3001561946ns15:UnitedKingdom2023-07-012024-06-3001561946ns15:UnitedKingdom2022-07-012023-06-3001561946ns5:TotalGeographicSegmentsIncludingAnyUnallocatedAmount2023-07-012024-06-3001561946ns5:TotalGeographicSegmentsIncludingAnyUnallocatedAmount2022-07-012023-06-3001561946ns5:OwnedAssets2023-07-012024-06-3001561946ns5:OwnedAssets2022-07-012023-06-3001561946ns10:OrdinaryShareClass12022-07-012023-06-3001561946ns5:FurnitureFittings2023-06-3001561946ns5:MotorVehicles2023-06-3001561946ns5:FurnitureFittings2024-06-3001561946ns5:MotorVehicles2024-06-3001561946ns5:FurnitureFittings2023-06-3001561946ns5:MotorVehicles2023-06-3001561946ns5:CostValuation2023-06-3001561946ns5:Subsidiary12023-07-012024-06-30015619461ns5:Subsidiary12023-07-012024-06-3001561946ns5:Subsidiary12024-06-3001561946ns5:Subsidiary12023-06-3001561946ns5:Subsidiary12022-07-012023-06-3001561946ns5:Subsidiary22023-07-012024-06-3001561946ns5:Subsidiary232023-07-012024-06-3001561946ns5:Subsidiary22024-06-3001561946ns5:Subsidiary22023-06-3001561946ns5:Subsidiary32023-07-012024-06-30015619465ns5:Subsidiary32023-07-012024-06-3001561946ns5:Subsidiary32024-06-3001561946ns5:Subsidiary32023-06-3001561946ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3001561946ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3001561946ns5:WithinOneYear2024-06-3001561946ns5:WithinOneYear2023-06-3001561946ns5:BetweenOneFiveYears2024-06-3001561946ns5:BetweenOneFiveYears2023-06-3001561946ns5:AllPeriods2024-06-3001561946ns5:AllPeriods2023-06-3001561946ns5:DeferredTaxation2023-06-3001561946ns5:DeferredTaxation2023-07-012024-06-3001561946ns5:DeferredTaxation2024-06-3001561946ns10:OrdinaryShareClass12024-06-3001561946ns5:RetainedEarningsAccumulatedLosses2023-06-300156194612023-07-012024-06-30
REGISTERED NUMBER: 01561946 (England and Wales)















Anand International Limited

Strategic Report, Report of the Directors and

Financial Statements For The Year Ended 30th June 2024






Anand International Limited (Registered number: 01561946)






Contents of the Financial Statements
For The Year Ended 30th June 2024




Page

Company Information 1

Strategic Report 2 to 4

Report of the Directors 5

Report of the Independent Auditors 6 to 9

Income Statement 10

Other Comprehensive Income 11

Balance Sheet 12

Statement of Changes in Equity 13

Cash Flow Statement 14

Notes to the Financial Statements 15 to 24


Anand International Limited

Company Information
For The Year Ended 30th June 2024







DIRECTORS: J P S Anand
H S Anand
K S Sethi





SECRETARY: H S Anand





REGISTERED OFFICE: Meridian House
Centurion Way
Meridian Business Park
Leicester
Leicestershire
LE191WH





REGISTERED NUMBER: 01561946 (England and Wales)





AUDITORS: Cheney & Co
Statutory Auditor
310 Wellingborough Road
Northampton
NN1 4EP

Anand International Limited (Registered number: 01561946)

Strategic Report
For The Year Ended 30th June 2024

The directors present their strategic report for the year ended 30th June 2024.

REVIEW OF BUSINESS
The company's turnover has increased by 8% whilst the gross profit percentage achieved is similar to that achieved in 2023.

The company has a healthy net assets position as shown on the statement of financial position.

The risks facing the company are those relating to technical innovations of products and of changes in the World economic climate on consumer, and therefore wholesaler demand. The company is always sensitive to new and innovational trends in the market and hopes to take advantage of any profitable new UK and overseas markets as they open up.

The Key Performance Indicators are

2024 2023 2022 2021

Debtors days 37 42 41 37

Creditor days 21 40 19 22

Trading ratio 6.70% 10.08% 9.39% 6.15%

Liquidity ratio 620.36% 440.25% 663.97% 551.06%


PRINCIPAL RISKS AND UNCERTAINTIES
The risks facing the company are those relating to technical innovations of products and of changes in the UK and
world economic climate on consumer, and therefore wholesaler demand.


Anand International Limited (Registered number: 01561946)

Strategic Report
For The Year Ended 30th June 2024

SECTION 172(1) STATEMENT
Directors' statement of compliance with duty to promote the success of the company

During the year , the directors have had regard to the matters set out in S172 (1) (a) to (f) of the Companies Act 2006
whilst performing their duties. Whilst making decisions the directors ensure that they have acted in good faith, in a way they believe would promote the success of the Company for the benefit of its members. Specifically, the directors have considered the following:-
a. The likely consequences of any decision in the long term;
b. The interests of the Company's employees;
c. The need to foster the Company's business relationships with suppliers , customers and others;
d. The impact of the operations of the company on the community and the environment;
e. The desirability of the Company maintaining a reputation for high standards of business conduct; and
f. The need to act fairly between members of the company.

S172(1) (a) The Likely consequences of any decision in the long term
The Directors understand the business and the environment in which it operates. This is key to understanding the likely consequences of any long-term decisions . There is a plan for increased growth in the company's business in a cautious and risk -averse manner.

S172(1) (b) The interests of the company's employees
The directors recognise that the company's employees are key to the business and its success.Staff retention is achieved by the prioritising of employee wellbeing such that employees work in a humane ,safe and healthy environment which aims to encourage that employees develop to the best of their potential.

S172(1) (c) The need to foster the Company's business relationships with suppliers , customers and others

The directors recognise the important of relationships with our supply chain and the need to continue to build relationships with our key suppliers. We actively engage with suppliers throughout the year to ensure our respective plans align with one -another.
The Company is committed to maintaining good customer relations and continues to spend considerable time to ensure customer satisfaction.

S172(1) (d) The impact of the Company's operations on the community and the environment
The Company recognise the importance of minimising the impact of our operations on the community and environment , which is why it is core to our strategy.
The Company purchases from supplier companies which recycle batteries.

S172 (1) (e) The desirability of the Company maintaining a reputation for high standards of business conduct
The Company gives a significant proportion of its income to a charitable settlement registered in England & Wales which has funded many local and national charitable causes.

S172(1) (f) The need to act fairly between members of Company
The Company is a family run company where the long term ties of kindred and friendship combine to produce a courteous and a respectful atmosphere.

RESEARCH AND DEVELOPMENT AND FUTURE DEVELOPMENTS
The company does not manufacture or develop the products which it sells but purchases them on a wholesale
basis.

The company is sensitive to innovational market trends and always seeks to take advantage of any profitable new
United Kingdom or overseas markets for new products as they open up.

FINANCIAL INSTRUMENT RISK
The company does not have any bank borrowings. The company has a healthy net current assets and net assets position as shown on the statement of financial position.

The movement in foreign exchange rates affects the values of trade debtors , trade creditors and foreign currency bank accounts and the directors carefully monitor movements in those currencies.


Anand International Limited (Registered number: 01561946)

Strategic Report
For The Year Ended 30th June 2024

GREENHOUSE GAS EMISSIONS, ENERGY CONSUMPTION & ENERGY EFFICIENCY
Greenhouse gas emissions, energy consumption and energy efficiency disclosures are not being given because in the directors' opinion the consumption of energy is less than 40,000 k/wh per annum.

ON BEHALF OF THE BOARD:





H S Anand - Director


7th January 2025

Anand International Limited (Registered number: 01561946)

Report of the Directors
For The Year Ended 30th June 2024

The directors present their report with the financial statements of the company for the year ended 30th June 2024.

PRINCIPAL ACTIVITY
The company's principal activity continues to be that of wholesale selling of consumer batteries and smoking papers and filters.

DIVIDENDS
Dividends of £150,000 (2023 : £90,000) were paid during the year. The directors do not recommend
any further dividend for the year under review.

EVENTS SINCE THE END OF THE YEAR
Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st July 2023 to the date of this report.

J P S Anand
H S Anand
K S Sethi

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors 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 these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-state whether applicable accounting standards have been followed, subject to any material departures disclosed and
explained in the financial statements;
-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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Cheney & Co, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





H S Anand - Director


7th January 2025

Report of the Independent Auditors to the Members of
Anand International Limited

Opinion
We have audited the financial statements of Anand International Limited (the 'company') for the year ended 30th June 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
_
In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30th June 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Report of the Independent Auditors to the Members of
Anand International Limited


Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Anand International Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities , including fraud , are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities , outlined above, to detect material misstatements in respect of irregularities, including fraud.

The extent to which our procedures are capable of detecting irregularities , including fraud, is detailed below:

We obtained an understanding of the legal and regulatory frameworks applicable to the company and the sector in
which it operates. We determine that the following laws and regulations were most significant: the Companies Act 2006, UK direct and indirect taxation laws , the Consumer Rights Act, Employment Legislation and Health and Safety legislation affecting staff working in the warehouse and office staff using computer systems. The company has Marine Insurance for goods being exported via ship on the oceans of the world.

We obtained an understanding of how the company is complying with those legal and regulatory frame works by making enquiries of management.

We have discussed with management the risk of incorrect VAT treatment in sales transactions , including export sales of goods to Europe and the rest of the world and have concluded that the client directors and staff are sufficiently experienced concerning these regulations that the risk of material misstatement is low.

There are no critical judgements of an unusual nature . The cut off of sales , purchases and stock movements is covered by the directors involvement. The valuation of stock is performed annually by the managing director based on recent cost prices and he supervises the annual stock count.

We have undertaken high levels of substantive testing of balances in the statement of financial position and have performed a detailed analytical review of the income statement.

Prior to commencement of the audit staff were briefed on the risk assessment of the susceptibility of the company financial statements to material misstatement , including fraud .

Audit procedures performed included:

-identifying and assessing the design and effectiveness of controls management has in place to prevent and detect fraud;and

-understanding how the directors considered and addressed the potential for override of controls or inappropriate influence over the financial reporting process; and

-challenging assumptions and judgements made by management in significant accounting estimates where appropriate;and

-identifying and testing journal entries , in particular any journal entries posted with unusual account combinations, as appropriate; and

-assessing the extent of compliance with laws and regulations.

At the completion stage of the audit the results of audit tests were re-examined to ensure that they were consistent with our knowledge of the company and did not warrant further investigation of transactions and balances.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Anand International Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors 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 members as a body, for our audit work, for this report, or for the opinions we have formed.




Paul Sparks FCCA ACA (Senior Statutory Auditor)
for and on behalf of Cheney & Co
Statutory Auditor
310 Wellingborough Road
Northampton
NN1 4EP

7th January 2025

Anand International Limited (Registered number: 01561946)

Income Statement
For The Year Ended 30th June 2024

2024 2023
Notes £    £   

TURNOVER 3 55,221,718 51,111,126

Cost of sales (50,422,781 ) (46,765,020 )
GROSS PROFIT 4,798,937 4,346,106

Distribution costs (172,300 ) (181,149 )
Administrative expenses (2,595,632 ) (2,260,273 )
OPERATING PROFIT 5 2,031,005 1,904,684

Interest receivable and similar income 719,249 356,621
PROFIT BEFORE TAXATION 2,750,254 2,261,305

Tax on profit 6 (691,361 ) (486,464 )
PROFIT FOR THE FINANCIAL YEAR 2,058,893 1,774,841

Anand International Limited (Registered number: 01561946)

Other Comprehensive Income
For The Year Ended 30th June 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 2,058,893 1,774,841


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

2,058,893

1,774,841

Anand International Limited (Registered number: 01561946)

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 417,862 408,271
Investments 9 102 102
417,964 408,373

CURRENT ASSETS
Stocks 10 3,379,241 4,716,087
Debtors 11 7,740,157 7,578,359
Cash at bank 13,259,441 11,711,885
24,378,839 24,006,331
CREDITORS
Amounts falling due within one year 12 3,929,799 5,452,943
NET CURRENT ASSETS 20,449,040 18,553,388
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,867,004

18,961,761

PROVISIONS FOR LIABILITIES 14 74,850 78,500
NET ASSETS 20,792,154 18,883,261

CAPITAL AND RESERVES
Called up share capital 15 2 2
Retained earnings 16 20,792,152 18,883,259
SHAREHOLDERS' FUNDS 20,792,154 18,883,261

The financial statements were approved by the Board of Directors and authorised for issue on 7th January 2025 and were signed on its behalf by:





H S Anand - Director


Anand International Limited (Registered number: 01561946)

Statement of Changes in Equity
For The Year Ended 30th June 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1st July 2022 2 17,198,418 17,198,420

Changes in equity
Dividends - (90,000 ) (90,000 )
Total comprehensive income - 1,774,841 1,774,841
Balance at 30th June 2023 2 18,883,259 18,883,261

Changes in equity
Dividends - (150,000 ) (150,000 )
Total comprehensive income - 2,058,893 2,058,893
Balance at 30th June 2024 2 20,792,152 20,792,154

Anand International Limited (Registered number: 01561946)

Cash Flow Statement
For The Year Ended 30th June 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 20 1,548,924 5,101,091
Tax paid (450,000 ) (400,233 )
Net cash from operating activities 1,098,924 4,700,858

Cash flows from investing activities
Purchase of tangible fixed assets (157,447 ) (300,145 )
Sale of tangible fixed assets 36,830 102,723
Interest received 719,249 356,621
Net cash from investing activities 598,632 159,199

Cash flows from financing activities
Capital repayments in year - (76,413 )
Equity dividends paid (150,000 ) (90,000 )
Net cash from financing activities (150,000 ) (166,413 )

Increase in cash and cash equivalents 1,547,556 4,693,644
Cash and cash equivalents at beginning
of year

21

11,711,885

7,018,241

Cash and cash equivalents at end of year 21 13,259,441 11,711,885

Anand International Limited (Registered number: 01561946)

Notes to the Financial Statements
For The Year Ended 30th June 2024

1. STATUTORY INFORMATION

Anand International 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Anand International Limited is a parent company with 3 wholly owned subsidiaries; Tee Tee Co.Limited (England & Wales) and House of Batteries Holdings Limited (England & Wales) are dormant and Anand Emerald Ltd (Ireland), which started trading in October 2021. All the subsidiary companies are considered immaterial companies for the years ended 30th June 2024 and 30th June 2023 both individually and in total.

Anand Emerald Ltd ( Ireland) is effectively a branch selling operation which sells locally on wholesale terms to Republic of Ireland ( ROI) customers products only sourced from Anand International Limited on a matched ROI Sales to an equivalent purchase from Anand International Limited . A gross profit margin is added to cover local overheads. Anand Emerald Ltd ( Ireland) has no trading stock as it has no warehouse facilities .The proceeds of ROI Sales are used to settle the purchase ledger debt due to the parent company.This means that the additional assets, liabilities, turnover and expenses increment that would arise on a consolidation would be immaterial.

Accordingly consolidated financial statements have not been prepared as advantage has been taken of the exemption in section 405 Companies Act 2006.Consequently these accounts are single financial
statements for the parent company only.

Anand International Limited (Registered number: 01561946)

Notes to the Financial Statements - continued
For The Year Ended 30th June 2024

2. ACCOUNTING POLICIES - continued

Critical accounting judgements and key sources of estimation uncertainty
The company makes estimates and assumptions concerning the future. The directors are also required to exercise judgement in the process of applying the company`s accounting policies. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

In preparing these financial statements , the directors have made the following judgements:

> Recoverability and carrying value of trading stock

The directors review the market value and demand for the stock on a periodic basis to ensure stock is recorded in the financial statements have lower of cost and net realisable value. Any provision for impairment is recorded against the carrying values of stocks. The directors use their knowledge of market conditions, historical experiences and estimate of future events to assess the future demand for the company's products and achievable selling prices.

> Recoverability of trade and other debtors

Trade and other debtors are recognised to the extent that they are judged recoverable. The directors reviews are performed to estimate the level of reserves required for irrecoverable debt. Provisions are made specifically against invoices where recoverability is uncertain.

The directors make allowances for doubtful debts based on an assessment of the recoverability of debtors.Allowances are applied to debtors where events or changes in circumstances indicate that the carrying amounts may not be recoverable. The directors specifically analyse historical bad debts, customer creditworthiness, current economic trends and changes in customer payment terms when making a judgement to evaluate the adequacy of the provision for doubtful debts. Where the expectation is different from the original estimate, such a difference will impact the carrying value of debtors and the charge in the profit and loss account.

> Provisions

A provision is recognised when the company has a present legal or constructive obligation as a result of a past event for which it is probable that an outflow of resources will be required to settle the obligation and the amount can be reliably estimated. If the effect is material, provisions are determined by discounting the expected future cash flow that reflects the time value of money and the risks specific to the liability.

Whether a present obligation is probable or not requires judgement. The nature and type of risks for these provisions differ, the directors`s judgement is applied regarding the nature and extent of obligations in deciding if an outflow of resources is probable or not.

> Leasing

The company determines whether leases entered into are an operating or a finance lease. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the company on a lease by lease basis based on an evaluation of the terms and conditions of the arrangements , and accordingly whether the lease requires an asset and liability to be recognised in the balance sheet.

> Depreciation, amortisation and residual values

The directors have reviewed the asset lives and associated residual values of all fixed asset classes, and have concluded that asset lives and residual values are appropriate.

The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account.Residual value assessments consider issues such as future market conditions , the remaining life of the asset and projected disposal values.

> Taxation


Anand International Limited (Registered number: 01561946)

Notes to the Financial Statements - continued
For The Year Ended 30th June 2024

2. ACCOUNTING POLICIES - continued
There are many transactions and calculations for which the ultimate tax determination is uncertain. The company recognizes liabilities for anticipated tax issues based on estimates of whether additional taxes will be due.

The directors estimation is required to determine the amount of deferred tax assets that can be recognised, based upon likely timing and level of future taxable profits together with an assessment of the effect of future tax planning strategies.

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

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 - 33% on reducing balance and 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

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.

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 (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.

Anand International Limited (Registered number: 01561946)

Notes to the Financial Statements - continued
For The Year Ended 30th June 2024

2. ACCOUNTING POLICIES - continued

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.

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

2024 2023
£    £   
United Kingdom 45,409,206 42,233,307
Rest of world 9,812,512 8,877,819
55,221,718 51,111,126

4. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 1,441,972 1,287,740
Social security costs 152,615 137,323
Other pension costs 213,466 249,872
1,808,053 1,674,935

The average number of employees during the year was as follows:
2024 2023

Directors 3 3
Administration, warehousing and selling 37 34
40 37

Other pension costs relate to defined contribution money purchase pension schemes .

2024 2023
£    £   
Directors' remuneration 191,741 191,640

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 3 3

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Other operating leases 1,120 2,691
Depreciation - owned assets 113,325 80,064
Profit on disposal of fixed assets (2,299 ) (27,138 )
Auditors' remuneration 21,000 17,876

Anand International Limited (Registered number: 01561946)

Notes to the Financial Statements - continued
For The Year Ended 30th June 2024

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 695,011 421,939

Deferred tax (3,650 ) 64,525
Tax on profit 691,361 486,464

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 2,750,254 2,261,305
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 20.500%)

687,564

463,568

Effects of:
Expenses not deductible for tax purposes 3,744 3,640
Income not taxable for tax purposes (575 ) (5,563 )
Capital allowances in excess of depreciation - (39,622 )
Depreciation in excess of capital allowances 4,278 -
Rounding - (84 )
Deferred Taxation movement (3,650 ) 64,525
Total tax charge 691,361 486,464

7. DIVIDENDS
2024 2023
£    £   
Ordinary shares of 0.33 each
Interim 150,000 90,000

Anand International Limited (Registered number: 01561946)

Notes to the Financial Statements - continued
For The Year Ended 30th June 2024

8. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st July 2023 595,307 305,278 900,585
Additions 70,452 86,995 157,447
Disposals - (51,000 ) (51,000 )
At 30th June 2024 665,759 341,273 1,007,032
DEPRECIATION
At 1st July 2023 398,444 93,870 492,314
Charge for year 55,667 57,658 113,325
Eliminated on disposal - (16,469 ) (16,469 )
At 30th June 2024 454,111 135,059 589,170
NET BOOK VALUE
At 30th June 2024 211,648 206,214 417,862
At 30th June 2023 196,863 211,408 408,271

9. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st July 2023
and 30th June 2024 102
NET BOOK VALUE
At 30th June 2024 102
At 30th June 2023 102

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Anand Emerald Limited
Registered office: 77 Camden Street, Lower Dublin, Dublin 2, Ireland, DO2 XE80
Nature of business: Wholesale selling of consumer batteries and
%
Class of shares: holding
Ordinary 1€ each 100.00
2024 2023
£    £   
Aggregate capital and reserves 74,565 50,535
Profit for the year 24,030 44,092

Tee Tee Co limited
Registered office: 310 Wellingborough Road, Northampton, United Kingdom, NN1 4EP
Nature of business: Dormant
%
Class of shares: holding
Ordinary shares of £1 each 100.00
2024 2023
£    £   
Aggregate capital and reserves 100 100

Anand International Limited (Registered number: 01561946)

Notes to the Financial Statements - continued
For The Year Ended 30th June 2024

9. FIXED ASSET INVESTMENTS - continued

House of Batteries Holdings limited
Registered office: 216 Melton Road, Leicester, Leicestershire, United Kingdom, LE4 7PG
Nature of business: Dormant
%
Class of shares: holding
Ordinary shares of £1 each 100.00
31.7.24 31.7.23
£    £   
Aggregate capital and reserves 1 1

10. STOCKS
2024 2023
£    £   
Stocks 3,379,241 4,716,087

Stock for resale comprises consumer batteries and smoking papers and filters.

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,595,280 5,896,786
Amounts owed by group undertakings 15,940 10,261
Loans 1,976,002 1,250,000
VAT - 280,253
Prepayments and accrued income 152,935 141,059
7,740,157 7,578,359

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,931,476 5,156,190
Amounts owed to group undertakings 291,600 -
Tax 266,717 21,706
Social security and other taxes 42,931 34,181
VAT 46,831 -
Net wages 46,567 41,600
Accruals and deferred income 303,677 199,266
3,929,799 5,452,943

13. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 19,973 19,973
Between one and five years 4,963 24,936
24,936 44,909

14. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 74,850 78,500

Anand International Limited (Registered number: 01561946)

Notes to the Financial Statements - continued
For The Year Ended 30th June 2024

14. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st July 2023 78,500
Provided during year (3,650 )
Balance at 30th June 2024 74,850

The Deferred Tax Provision relates to accelerated capital allowances .

15. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
6 Ordinary 0.33 2 2

16. RESERVES
Retained
earnings
£   

At 1st July 2023 18,883,259
Profit for the year 2,058,893
Dividends (150,000 )
At 30th June 2024 20,792,152

17. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements - -

There were no capital commitments at either the current or previous year end

Anand International Limited (Registered number: 01561946)

Notes to the Financial Statements - continued
For The Year Ended 30th June 2024

18. RELATED PARTY DISCLOSURES

Dividends of £nil (2022: £90,000) were paid to a director and his wife who held all of the issued ordinary share capital of the company prior to a group re-organisation on 3 July 2023.

The mother of a director of Anand International Limited was, prior to the group -reorganisation on 3 July 2023, the sole director and 100% shareholder in a company providing warehousing facilities to Anand International Limited. Transactions with the company were at arms' length and were as follows:


Licence fee to occupy warehouse £324,000(2023: £326,850)

Balance relating to licence fee to occupy warehouse owing to related party at year end £291,600 (2023: £97,200).

Donations were made during the year to the Anand & Sethi Family Charity Trust of 182,824 (2023 : £179,340). This charity is registered in England & Wales.

The mother of a director of Anand International Limited is a director of a company which is a supplier of Anand International Limited. Transactions with the company were at arm's length and were as follows:

Purchases £16,170 (2023: £1,336,503)

Balance owing to related party at year end £nil (2023: £nil)

Sales £nil (2023: £nil).

Balance owed by related party £nil (2023- £nil).

The mother of a director of Anand International Limited is the sole director and 100% shareholder in a company who received a loan from Anand International Limited during the year. The loan is unsecured and repayable before 31st December 2024. Interest is being charged at 4% per annum.

Loan balance owed from related party at year £700,000 (2022 - £1,250,000).

19. GROUP RE-ORGANISATION

On 3 July 2023 there was a group re-organisation whereby Anand International Limited became a subsidiary of Anand Group Ltd .

20. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024 2023
£    £   
Profit before taxation 2,750,254 2,261,305
Depreciation charges 113,325 80,064
Profit on disposal of fixed assets (2,299 ) (27,138 )
Finance income (719,249 ) (356,621 )
2,142,031 1,957,610
Decrease/(increase) in stocks 1,336,846 (181,231 )
(Increase)/decrease in trade and other debtors (161,798 ) 822,288
(Decrease)/increase in trade and other creditors (1,768,155 ) 2,502,424
Cash generated from operations 1,548,924 5,101,091

Anand International Limited (Registered number: 01561946)

Notes to the Financial Statements - continued
For The Year Ended 30th June 2024

21. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30th June 2024
30.6.24 1.7.23
£    £   
Cash and cash equivalents 13,259,441 11,711,885
Year ended 30th June 2023
30.6.23 1.7.22
£    £   
Cash and cash equivalents 11,711,885 7,018,241


22. ANALYSIS OF CHANGES IN NET FUNDS

At 1.7.23 Cash flow At 30.6.24
£    £    £   
Net cash
Cash at bank 11,711,885 1,547,556 13,259,441
11,711,885 1,547,556 13,259,441
Total 11,711,885 1,547,556 13,259,441