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REGISTERED NUMBER: 06886175 (England and Wales)














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: Ms M Panayiotis
Mr J J Juan-Fernandez



REGISTERED OFFICE: c/o Michael Filiou Ltd
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS



REGISTERED NUMBER: 06886175 (England and Wales)



SENIOR STATUTORY AUDITOR: Mr Simon Hawkins FCA



AUDITORS: Dains Audit Limited
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 5 125,778 68,785

CURRENT ASSETS
Stocks 109,980 122,071
Debtors 1,429,149 1,140,101
Cash at bank and in hand 512,556 238,278
2,051,685 1,500,450
CREDITORS
Amounts falling due within one year 1,491,231 1,151,152
NET CURRENT ASSETS 560,454 349,298
TOTAL ASSETS LESS CURRENT
LIABILITIES

686,232

418,083

PROVISIONS FOR LIABILITIES 7 11,985 12,720
NET ASSETS 674,247 405,363

CAPITAL AND RESERVES
Called up share capital 8 202 202
Share premium 108,000 108,000
Retained earnings 566,045 297,161
SHAREHOLDERS' FUNDS 674,247 405,363

ANDANA FOODS LIMITED (REGISTERED NUMBER: 06886175)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 8 May 2025 and were signed on its behalf by:




Ms M Panayiotis - Director



Mr J J Juan-Fernandez - Director


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 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

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 15 (2023 - 16 ) .

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 121,527
Additions 86,065
Disposals (24,000 )
At 31 December 2024 183,592
DEPRECIATION
At 31 December 2023 52,742
Charge for period 20,225
Eliminated on disposal (15,153 )
At 31 December 2024 57,814
NET BOOK VALUE
At 31 December 2024 125,778
At 30 December 2023 68,785

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 95,416 88,900
Between one and five years 70,753 165,850
166,169 254,750

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 12,720
Utilised during period (735 )
Accelerated capital allowances
Balance at 31 December 2024 11,985

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 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.