| REGISTERED NUMBER: |
| ABRIDGED FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 31 DECEMBER 2023 TO 31 DECEMBER 2024 |
| FOR |
| ANDANA FOODS LIMITED |
| REGISTERED NUMBER: |
| ABRIDGED FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 31 DECEMBER 2023 TO 31 DECEMBER 2024 |
| FOR |
| ANDANA FOODS LIMITED |
| ANDANA FOODS LIMITED (REGISTERED NUMBER: 06886175) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 31 DECEMBER 2023 TO 31 DECEMBER 2024 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| ANDANA FOODS LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 31 DECEMBER 2023 TO 31 DECEMBER 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SENIOR STATUTORY AUDITOR: |
| AUDITORS: |
| Statutory Auditor and Chartered Accountants |
| Suite 2, Albion House |
| 2 Etruria Office Village |
| Forge Lane |
| Stoke on Trent |
| Staffordshire |
| ST1 5RQ |
| ANDANA FOODS LIMITED (REGISTERED NUMBER: 06886175) |
| ABRIDGED BALANCE SHEET |
| 31 DECEMBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Share premium |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| ANDANA FOODS LIMITED (REGISTERED NUMBER: 06886175) |
| ABRIDGED BALANCE SHEET - continued |
| 31 DECEMBER 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| ANDANA FOODS LIMITED (REGISTERED NUMBER: 06886175) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 31 DECEMBER 2023 TO 31 DECEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Andana Foods Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Significant judgements and estimates |
| In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
| There were no judgements and estimates that had significant effect on the amounts recognised in 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 |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Taxation |
| Taxation for the period 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. |
| ANDANA FOODS LIMITED (REGISTERED NUMBER: 06886175) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 31 DECEMBER 2023 TO 31 DECEMBER 2024 |
| 3. | ACCOUNTING POLICIES - continued |
| 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 period 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. |
| Financial instruments |
| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties. |
| Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss. |
| Dividends |
| Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid and final equity dividends are recognised when approved by the shareholders at an annual general meeting. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| ANDANA FOODS LIMITED (REGISTERED NUMBER: 06886175) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 31 DECEMBER 2023 TO 31 DECEMBER 2024 |
| 5. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 31 December 2023 |
| Additions |
| Disposals | ( |
) |
| At 31 December 2024 |
| DEPRECIATION |
| At 31 December 2023 |
| Charge for period |
| Eliminated on disposal | ( |
) |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 30 December 2023 |
| 6. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2024 | 2023 |
| £ | £ |
| Within one year |
| Between one and five years |
| 7. | PROVISIONS FOR LIABILITIES |
| 2024 | 2023 |
| £ | £ |
| Deferred taxation - |
| accelerated capital allowances | 11,985 | 12,720 |
| 11,985 | 12,720 |
| ANDANA FOODS LIMITED (REGISTERED NUMBER: 06886175) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 31 DECEMBER 2023 TO 31 DECEMBER 2024 |
| 7. | PROVISIONS FOR LIABILITIES - continued |
| Deferred |
| tax |
| £ |
| Balance at 31 December 2023 |
| Utilised during period | ( |
) |
| Accelerated capital allowances |
| Balance at 31 December 2024 |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary | £1 | 202 | 202 |
| 9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors on the financial statements for the period ended 31 December 2024 was unqualified. |
| The audit report was signed on 8 May 2025 by Mr Simon Hawkins FCA (Senior Statutory Auditor) for and on behalf of Dains Audit Limited. |
| 10. | RELATED PARTY DISCLOSURES |
| Vicky Foods Products S.L.U |
| Vicky Foods Products S.L.U. is the immediate parent company. During the period, the company purchased goods of £7,498,792 (2023 - £6,878,874) from and invoiced commissions of £14,434 (2023 - £28,339) to Vicky Foods Products S.L.U. at arm's length basis. At the reporting date, the company owed a net amount of £1,170,068 (2023 - £990,122) to Vicky Foods Products S.L.U. |
| 11. | ULTIMATE CONTROLLING PARTY |
| The ultimate parent company is Juan Y Juan S.L., a company incorporated and registered in Spain with number B46012324, as it holds 100% shareholding in Vicky Foods Products S.L.U. |
| Vicky Foods Products S.L.U., a company incorporated and registered in Spain with number B96694823, is the immediate parent company by virtue of the fact that it owns 50.5% of the issued share capital of Andana Foods Limited. |