REGISTERED NUMBER: 06505358 (England and Wales)

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

A & J AUDHALI ENTERPRISES LIMITED

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Consolidated Income Statement

9

Consolidated Other Comprehensive Income

10

Consolidated Balance Sheet

11

Company Balance Sheet

12

Consolidated Statement of Changes in Equity

13

Company Statement of Changes in Equity

14

Consolidated Cash Flow Statement

15

Notes to the Consolidated Cash Flow Statement

16

Notes to the Consolidated Financial Statements

17

DIRECTORS:

A A Audhali

J A Audhali

SECRETARY:

A A Audhali

REGISTERED OFFICE:

Highdown House

11 Highdown Road

Leamington Spa

Warwickshire

CV31 1XT

REGISTERED NUMBER:

06505358 (England and Wales)

AUDITORS:

Landin Wilcock & Co

Chartered Accountants

Queen Street Chambers

68 Queen Street

Sheffield

South Yorkshire

S1 1WR

BANKERS:

Lloyds Bank plc

12 Swan Street

Warwick

CV34 4BJ

The directors present their strategic report of the company and the group for the year ended 31 January 2025.

REVIEW OF BUSINESS

During the year the company's turnover increased by 26% from £30,356,058 to £38,183,937 and a profit before taxation of £2,137,338 (2024: £2,878,445) was achieved.

Shareholders' funds at 31 January 2025 amounted to £7,502,168 (2024: £7,247,032). The directors consider the state of affairs of the company to be satisfactory.

PRINCIPAL RISKS AND UNCERTAINTIES

The company's and group's principal exposure to risks are through pricing volatility, both as a result of changes in prices of products and through exchange rate fluctuations, as management are in part reliant on suppliers based overseas.

Management are mindful of these key risks to the business and have adopted strategies, which include: continued scrutiny of pricing and rates of exchange; sourcing of product from various suppliers; and management of the purchase cycle.

Management also acknowledge exposure to interest rate and credit risks and these are also assessed continuously in order to minimise their impact.

FUTURE DEVELOPMENTS

Continued impact of Brexit

The directors are again pleased at how well the company and group have been able to trade throughout 2024/25, when the impact of Brexit continued to be felt across the UK.

Given how well the company and group have managed to trade during this period, the directors are confident that the company and group will still be profitable in the forthcoming 12 months and beyond although, even now, some uncertainties persist.

The directors are still mindful of the impact of the UK's exit from the European Union and these associated risks have been embedded into the company's and group's risk assessments. Nevertheless, the impact of "Brexit" is still being felt across the sector with supply lead times throughout 2024/25 continuing to be the most acute of the limiting factors on trading. However, the directors believe the company and group are relatively insulated in the medium term against this and the other risks related to "Brexit" as the company and group overwhelmingly trade in the UK and have strong and well established supply links with their suppliers and manufacturers, some of who are in the European Union.

As such, the directors believe the company and the group to be a going concern and have adopted this assumption in preparing the financial statements, having considered any material uncertainties in this regard for a period of at least 12 months from the date of approval of these financial statements.

KEY PERFORMANCE INDICATORS

The Directors use several Key Performance Indicators to assess the company's strategy and performance.

Turnover is closely monitored on a weekly basis and measured against previous periods by total level achieved and by customer.

Margins achieved by product line and by customer are also regularly reviewed by management.

Driver performance and customer satisfaction are also key metrics used by the business on a regular basis.

ON BEHALF OF THE BOARD:

J A Audhali - Director

8 August 2025

The directors present their report with the financial statements of the company and the group for the year ended 31 January 2025.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of meat wholesalers to the catering industry.

DIVIDENDS

The total distribution of dividends for the year ended 31 January 2025 for the parent company will be £241,467.

The total distribution of dividends for the year ended 31 January 2025 for the subsidiary company will be £75,071.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 February 2024 to the date of this report.

A A Audhali

J A Audhali

DISCLOSURE IN THE STRATEGIC REPORT

The group's review of business, principal risks and uncertainties and future developments are disclosed within the strategic report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group 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 the group and of the profit or loss of the group 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;

-	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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group'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 group's auditors are aware of that information.

ON BEHALF OF THE BOARD:

J A Audhali - Director

8 August 2025

Opinion

We have audited the financial statements of A & J Audhali Enterprises Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 January 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, 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 group's and of the parent company affairs as at 31 January 2025 and of the group's 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 group 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 group's and the parent 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 Group 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 Group 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 Group 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 group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company 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.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, 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 group's and the parent 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 group or the parent company or to cease operations, or have no realistic alternative but to do so.

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:

- minimal reliance was placed upon the operating effectiveness of internal controls in the design and performance of our substantive procedures;

- discussions were held with management considering known or suspected non-compliance with laws, regulations and fraud;

- journal entries were reviewed for any entries made outside the ordinary reporting processes with particular emphasis on those with unusual account combinations, entries crediting turnover and those without specific descriptions;

- management assumptions in their significant accounting estimates were challenged and scrutinised, including establishing auditor's estimates.

There are inherent limitations in the audit procedures described above, and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

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.

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.

Tom Henshaw (Senior Statutory Auditor)

for and on behalf of Landin Wilcock & Co

Chartered Accountants

Queen Street Chambers

68 Queen Street

Sheffield

South Yorkshire

S1 1WR

29 August 2025

TURNOVER

3

38,183,937

30,356,058

Cost of sales

33,486,158

25,579,574

GROSS PROFIT

4,697,779

4,776,484

Administrative expenses

2,742,810

2,029,549

1,954,969

2,746,935

Other operating income

22,394

25,349

OPERATING PROFIT

5

1,977,363

2,772,284

Interest receivable and similar income

180,135

123,257

2,157,498

2,895,541

Interest payable and similar expenses

6

20,160

17,096

PROFIT BEFORE TAXATION

2,137,338

2,878,445

Tax on profit

7

565,664

724,836

PROFIT FOR THE FINANCIAL YEAR

1,571,674

2,153,609

Profit attributable to:

Owners of the parent

1,571,674

2,153,609

PROFIT FOR THE YEAR

1,571,674

2,153,609

OTHER COMPREHENSIVE INCOME

Income tax relating to other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,571,674

2,153,609

Total comprehensive income attributable to:

Owners of the parent

1,571,674

2,153,609

FIXED ASSETS

Tangible assets

10

2,809,865

2,598,977

Investments

11

-

-

Investment property

12

-

-

2,809,865

2,598,977

CURRENT ASSETS

Stocks

13

648,790

645,885

Debtors

14

1,983,344

1,136,489

Cash at bank

5,911,942

6,231,542

8,544,076

8,013,916

CREDITORS

Amounts falling due within one year

15

3,417,137

2,978,087

NET CURRENT ASSETS

5,126,939

5,035,829

TOTAL ASSETS LESS CURRENT LIABILITIES

7,936,804

7,634,806

CREDITORS

Amounts falling due after more than one year

16

(65,106

)

(43,672

)

PROVISIONS FOR LIABILITIES

19

(369,530

)

(344,102

)

NET ASSETS

7,502,168

7,247,032

CAPITAL AND RESERVES

Called up share capital

20

200

200

Revaluation reserve

21

710,261

710,261

Retained earnings

21

6,791,707

6,536,571

SHAREHOLDERS' FUNDS

7,502,168

7,247,032

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2025 and were signed on its behalf by:

J A Audhali - Director

FIXED ASSETS

Tangible assets

10

-

-

Investments

11

100

100

Investment property

12

2,108,325

2,004,005

2,108,425

2,004,105

CURRENT ASSETS

Debtors

14

230,323

182,954

Cash at bank

282,001

489,707

512,324

672,661

CREDITORS

Amounts falling due within one year

15

35,406

40,505

NET CURRENT ASSETS

476,918

632,156

TOTAL ASSETS LESS CURRENT LIABILITIES

2,585,343

2,636,261

PROVISIONS FOR LIABILITIES

19

200,546

200,546

NET ASSETS

2,384,797

2,435,715

CAPITAL AND RESERVES

Called up share capital

20

200

200

Revaluation reserve

21

710,261

710,261

Retained earnings

21

1,674,336

1,725,254

SHAREHOLDERS' FUNDS

2,384,797

2,435,715

Company's profit for the financial year

1,190,549

1,326,084

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2025 and were signed on its behalf by:

J A Audhali - Director

Called up

share

Retained

Revaluation

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 February 2023

200

6,100,929

758,392

6,859,521

Profit for the year

-

2,153,609

-

2,153,609

Other comprehensive income

-

-

(48,131

)

(48,131

)

Total comprehensive income

-

2,153,609

(48,131

)

2,105,478

Dividends

-

(1,717,967

)

-

(1,717,967

)

Balance at 31 January 2024

200

6,536,571

710,261

7,247,032

Profit for the year

-

1,571,674

-

1,571,674

Employee Ownership Trust contribution

-

(1,000,000

)

-

(1,000,000

)

Total comprehensive income

-

571,674

-

571,674

Dividends

-

(316,538

)

-

(316,538

)

Balance at 31 January 2025

200

6,791,707

710,261

7,502,168

Called up

share

Retained

Revaluation

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 February 2023

200

2,042,066

758,392

2,800,658

Profit for the year

-

1,326,084

-

1,326,084

Other comprehensive income

-

-

(48,131

)

(48,131

)

Total comprehensive income

-

1,326,084

(48,131

)

1,277,953

Dividends

-

(1,642,896

)

-

(1,642,896

)

Balance at 31 January 2024

200

1,725,254

710,261

2,435,715

Profit for the year

-

1,190,549

-

1,190,549

Employee Ownership Trust contribution

-

(1,000,000

)

-

(1,000,000

)

Total comprehensive income

-

190,549

-

190,549

Dividends

-

(241,467

)

-

(241,467

)

Balance at 31 January 2025

200

1,674,336

710,261

2,384,797

Cash flows from operating activities

Cash generated from operations

1

2,209,502

2,773,983

Interest paid

(9,872

)

(6,061

)

Interest element of hire purchase payments paid

(10,288

)

(11,035

)

Tax paid

(857,455

)

(505,389

)

Net cash from operating activities

1,331,887

2,251,498

Cash flows from investing activities

Purchase of tangible fixed assets

(408,579

)

(176,053

)

Sale of tangible fixed assets

12,000

25,000

Sale of fixed asset investments

-

409,012

Interest received

180,135

123,257

Net cash from investing activities

(216,444

)

381,216

Cash flows from financing activities

Capital repayments in year

(23,847

)

(123,113

)

Amount introduced by directors

3,889

1,651,155

Amount withdrawn by directors

(98,547

)

(737,000

)

Equity dividends paid

(316,538

)

(1,717,967

)

Employee Ownership Trust contribution

(1,000,000

)

-

Net cash from financing activities

(1,435,043

)

(926,925

)

(Decrease)/increase in cash and cash equivalents

(319,600

)

1,705,789

Cash and cash equivalents at beginning of year

2

6,231,542

4,525,753

Cash and cash equivalents at end of year

2

5,911,942

6,231,542

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

2025

2024

£

£

Profit before taxation

2,137,338

2,878,445

Depreciation charges

184,374

143,984

Loss/(profit) on disposal of fixed assets

1,317

(22,559

)

Finance costs

20,160

17,096

Finance income

(180,135

)

(123,257

)

2,163,054

2,893,709

Increase in stocks

(2,905

)

(126,239

)

Increase in trade and other debtors

(846,856

)

(127,516

)

Increase in trade and other creditors

896,209

134,029

Cash generated from operations

2,209,502

2,773,983

2.	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 31 January 2025

31.1.25

1.2.24

£

£

Cash and cash equivalents

5,911,942

6,231,542

Year ended 31 January 2024

31.1.24

1.2.23

£

£

Cash and cash equivalents

6,231,542

4,525,753

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.2.24

Cash flow

At 31.1.25

£

£

£

Net cash

Cash at bank

6,231,542

(319,600

)

5,911,942

6,231,542

(319,600

)

5,911,942

Debt

Finance leases

(133,386

)

23,847

(109,539

)

(133,386

)

23,847

(109,539

)

Total

6,098,156

(295,753

)

5,802,403

1.	STATUTORY INFORMATION

A & J Audhali Enterprises 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Basis of consolidation

The consolidated financial statements incorporate those of A & J Audhali Enterprises Limited and its subsidiary undertaking after eliminating intra Group transactions and balances. All financial statements are made up to 31 January 2025.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Critical accounting judgements and key sources of estimation uncertainty

The group makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. 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.

Accounting estimates:

i) Valuation of property

The directors annually assess the freehold buildings in the group financial statements, which is treated as investment property in the company's financial statements. These annual assessments aim to ensure that property is carried at fair value as defined by FRS 102 and will be informed by latest market data.

As such, property is not depreciated in the group financial statements as its fair value is believed to be the same as, or not materially different to, its residual value.

Accounting judgements:

i) Operating leases

The group utilises assets which it does not own and pays for on an ongoing basis. In making the judgement as to whether such arrangements constitute finance leases or operating leases, management have assessed where the substantial risk and rewards of the ownership of the assets fall, and assessed that the counter-party, rather than the company, bears substantially all of the risks and rewards of ownership of the assets.