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REGISTERED NUMBER: 04891232 (England and Wales)















Anand Distribution Ltd.

Financial Statements For The Year Ended 30th June 2024






Anand Distribution Ltd. (Registered number: 04891232)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Anand Distribution Ltd.

Company Information
For The Year Ended 30th June 2024







DIRECTORS: Mrs H K Anand
H S Anand





SECRETARY: Mrs J Sethi





REGISTERED OFFICE: Meridian House
Centurion Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WH





REGISTERED NUMBER: 04891232 (England and Wales)





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

Anand Distribution Ltd. (Registered number: 04891232)

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 800,337 828,027
Investments 5 - 913,750
800,337 1,741,777

CURRENT ASSETS
Debtors 6 295,950 109,004
Cash at bank 575,596 165,030
871,546 274,034
CREDITORS
Amounts falling due within one year 7 68,318 102,607
NET CURRENT ASSETS 803,228 171,427
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,603,565

1,913,204

CREDITORS
Amounts falling due after more than one
year

8

-

(700,000

)

PROVISIONS FOR LIABILITIES (950 ) -
NET ASSETS 1,602,615 1,213,204

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,602,614 1,213,203
1,602,615 1,213,204

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 Statement of Income and Retained Earnings has not been delivered.

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 Distribution Ltd. (Registered number: 04891232)

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

1. STATUTORY INFORMATION

Anand Distribution Ltd. 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.

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.

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.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Anand Distribution Ltd. (Registered number: 04891232)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st July 2023
and 30th June 2024 1,325,532 145,966 1,471,498
DEPRECIATION
At 1st July 2023 503,703 139,768 643,471
Charge for year 26,511 1,179 27,690
At 30th June 2024 530,214 140,947 671,161
NET BOOK VALUE
At 30th June 2024 795,318 5,019 800,337
At 30th June 2023 821,829 6,198 828,027

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st July 2023 913,750
Impairments (913,750 )
At 30th June 2024 -
NET BOOK VALUE
At 30th June 2024 -
At 30th June 2023 913,750

On 22nd February 2021 Anand Distribution Limited acquired 100% of the issued ordinary share capital of Daewoo International (Europe) Limited amounting to 4 ordinary shares of £1 each for £2,013,750.

In the 18 month period to 30th June 2023 dividends were received from Daewoo International (Europe) Limited amounting to £1,100,000 reduced the underlying of the investment leading to an equivalent impairment, resulting a balance of £913,750 brought forward at 1st July 2023 which was further impaired in the current year by dividends of £913,750 leaving only £4 asset value in the subsidiary at 30th June 2024.

There was no requirement to produce consolidated financial statements as the then group was defined as small under the Companies Act 2006 definitions.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 97,200
Amounts owed by group undertakings 291,600 -
Other debtors 4,350 11,804
295,950 109,004

Anand Distribution Ltd. (Registered number: 04891232)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 53 10,810
Taxation and social security 62,638 68,363
Other creditors 5,627 23,434
68,318 102,607

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings - 700,000

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for qualified 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. The financial statements for the company for the comparative period, the 18 months to 30th June 2023 were not audited. In the current year, on 3rd July 2023, Anand Distribution Limited became a subsidiary of a non-small group and therefore required an audit under the Companies Act 2006.The comparatives in the Statement of Income and Retained Earnings for the 18 Months to 30th June 2023 have not been audited by us and therefore we can express no opinion. The opening balances at 1st July 2023 have been subject to extensive audit work by us and we are satisfied that they do not contain material misstatements.

Paul Sparks FCA FCCA (Senior Statutory Auditor)
for and on behalf of Cheney & Co