REGISTERED NUMBER: |
Anand Distribution Ltd. |
Financial Statements For The Year Ended 30th June 2024 |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
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 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
The financial statements were approved by the Board of Directors and authorised for issue on |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 |
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 |
DEPRECIATION |
At 1st July 2023 |
Charge for year |
At 30th June 2024 |
NET BOOK VALUE |
At 30th June 2024 |
At 30th June 2023 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1st July 2023 |
Impairments | ( |
) |
At 30th June 2024 |
NET BOOK VALUE |
At 30th June 2024 |
At 30th June 2023 |
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 |
Amounts owed by group undertakings |
Other debtors |
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 |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Amounts owed to group undertakings |
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. |
for and on behalf of |