REGISTERED NUMBER: 04474459 (England and Wales)

Financial Statements

For The Year Ended 31 July 2025

for

PANDIT (UK) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M P Kulkarni

P P Kulkarni

SECRETARY:

P P Kulkarni

REGISTERED OFFICE:

79 College Road

Harrow

Middlesex

HA1 1BD

REGISTERED NUMBER:

04474459 (England and Wales)

ACCOUNTANTS:

Ayman Tyler Associates

Accountants & Tax Advisers

79 College Road

Harrow

Middlesex

HA1 1BD

BANKERS:

HSBC Bank Plc

Harrow Branch

26-28 St Ann's Road

Harrow

Middlesex

HA1 1LA

FIXED ASSETS

Tangible assets

4

19,716

2

CURRENT ASSETS

Stocks

169,735

171,706

Debtors

5

806,103

579,998

Cash at bank and in hand

34,982

24,547

1,010,820

776,251

CREDITORS

Amounts falling due within one year

6

643,294

481,027

NET CURRENT ASSETS

367,526

295,224

TOTAL ASSETS LESS CURRENT LIABILITIES

387,242

295,226

CREDITORS

Amounts falling due after more than one year

7

119,365

134,556

NET ASSETS

267,877

160,670

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

267,777

160,570

SHAREHOLDERS' FUNDS

267,877

160,670

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2025 and were signed on its behalf by:

Mrs M P Kulkarni - Director

1.	STATUTORY INFORMATION

Pandit (UK) 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.

The accounts have been prepared on a going concern basis as the main creditor is the Director who has confirmed her long term support for the company. The company has increased its turnover this year from last year which is a good indication of improving sales despite an economic downturn.

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 etc

-

25% on cost

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 year 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2024

28,058

Additions

26,285

At 31 July 2025

54,343

DEPRECIATION

At 1 August 2024

28,056

Charge for year

6,571

At 31 July 2025

34,627

NET BOOK VALUE

At 31 July 2025

19,716

At 31 July 2024

2

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

630,668

375,072

Other debtors

175,435

204,926

806,103

579,998

Other debtors includes £175,435 of money outstanding to Pandit (UK) Ltd from Pandit USA Foods.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans and overdrafts (see note 8)

89,892

99,974

Trade creditors

257,717

200,659

Taxation and social security

73,203

44,954

Other creditors

222,482

135,440

643,294

481,027

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Hire purchase contracts

30,976

-

Other creditors

88,389

134,556

119,365

134,556

8.

LOANS

An analysis of the maturity of loans is given below:

31.7.25

31.7.24

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

89,892

99,974

Other loans

150,060

59,833

239,952

159,807

Amounts falling due between two and five years:

Other loans - 2-5 years

88,389

134,556

The company took out, a 6 year loan commencing 20th May 2022 for the sum of £100,000, a 6 year loan commencing 1st October 2023 for £43,000 both with Funding Circle. Additionally the company took out a 6 year loan commencing 4th February 2022 for the sum of £125,000 with HSBC Bank and a 1 year loan commencing 8th May 2025 for the sum of £120,000 with IWOCA.

9.	OTHER FINANCIAL COMMITMENTS

The company entered into a 5 year lease agreement commencing 2nd December 2020 for the use of warehouse premises at Unit 34 Metropolitan Park, Greenford, Middlesex, UB6 8UQ at an annual rental of £48,000.