REGISTERED NUMBER: 01034090 (England and Wales)

for

Page

Company Information  

1

Strategic Report  

2

Report of the Directors  

5

Report of the Independent Auditors  

7

Statement of Comprehensive Income

10

Statement of Financial Position  

11

Statement of Changes in Equity  

12

Statement of Cash Flows  

13

Notes to the Statement of Cash Flows  

14

Notes to the Financial Statements

15

DIRECTORS:

Mr J.C. Gandhi

Mr D.A. Mody

Mr N.C. Mody

Mr P.A. Mody

Mrs M.J. Gandhi

REGISTERED OFFICE:

Global House

303 Ballards Lane

London

N12 8NP

REGISTERED NUMBER:

01034090 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mr John Kyriacos Pittalis ACCA

AUDITORS:

K J Pittalis and Partners LLP

Chartered Certified Accountants

Statutory Auditor

Global House

303 Ballards Lane

London

N12 8NP

The directors present their strategic report for the year ended 30 April 2025.

OVERVIEW

Gandhi Oriental Foods Limited is a leading provider of supplies to Asian restaurants in Southeast England. The Company specialises in offering a wide range of high-quality products catering to restaurants, wholesalers, and retailers. Over the years, the Company has built a strong reputation through solid relationships with both customers and suppliers. Despite the challenges posed by economic volatility, the Company remains committed to delivering excellent service and maintaining a continuous supply of products to its customers.

REVIEW OF BUSINESS

The financial year 2024/25 presented a challenging trading environment for the Company, with overall revenue decreasing by 3.96% compared to the previous year and net profit declining by 1.79%. Despite these results, the Company maintained its strong market presence and continued to uphold its reputation as a leading provider of Asian restaurant supplies in Southeast England.

The reduction in revenue was primarily attributable to market fluctuations and changes in consumer spending patterns. Nevertheless, the directors took proactive measures to manage costs and preserve profitability wherever possible. Through close collaboration with suppliers and the careful selection of high-quality goods at competitive prices, the Company mitigated the impact of margin pressures.

The retention of key staff and the continued strength of relationships with both customers and suppliers remained central to the Company’s operations. These enduring partnerships have helped sustain confidence and loyalty within the market, reinforcing the Company’s position as a trusted and reliable supplier of Asian foods in the region.

RESULTS AND PERFORMANCE

The results for the year, as set out on pages 10-13, show a profit before tax of £250,122. The retention of key staff members, maintaining solid relationships with leading customers and suppliers, and the ongoing investment in warehousing facilities and operational processes, together with the Company’s strong market reputation, have continued to support the overall stability of the business.

Although the year presented certain trading challenges, management’s commitment to operational efficiency and cost control has helped to minimise the impact on profitability. Revenue for the year decreased by 3.96% compared to the previous period, while net profit declined by 1.79%.

The Directors remain focused on driving long-term, sustainable growth through more efficient and effective use of resources. Their continued attention to customer relationships, supply chain management, and operational improvements provides confidence that the Company is well positioned to restore growth and profitability in the coming years.

As of 30 April 2025, the Shareholders' Funds totalled £8,947,747 (2024: £8,866,526).

TRADING ENVIRONMENT

The UK wholesale market, particularly in the food and restaurant supply sector, faced several challenges in 2024/25, including supply chain disruptions, inflationary pressures, and economic uncertainty. Customers became increasingly price-sensitive as a result of the rising cost of living and broader economic concerns. The wholesale sector, including the cash and carry business, has seen heightened competition as businesses attempt to balance affordability with the rising costs of goods, energy, and labour.

The Company's focus on competitive pricing, cost control, and strategic purchasing allowed it to mitigate these challenges, ensuring that customers continued to receive value for money without compromising on quality. The Directors are also continuously assessing the market and broader environment to identify further opportunities and are optimistic about the potential for growth in the short to medium term.

STRATEGY

In response to the increasingly competitive and volatile market conditions, the Directors have taken a cautious yet proactive approach. By closely monitoring both purchase and selling prices, the Company ensures it can react swiftly to market shifts, protecting margins while meeting customer expectations. At the same time, the niche focus of the business, concentrating on ethnic foods and specialised sectors like restaurants and takeaways has aided the company to set itself apart from other competitors in the market.

The Directors are optimistic about future growth prospects, especially in the short to medium term. The Company is continuously assessing the market and exploring new opportunities, both in its core business and in potential new product lines or services. Key areas of focus include:

Product Diversification:

Expanding the product range to cater to the growing demand for ethnic and specialty foods, particularly those aligned with evolving consumer trends towards healthier and more sustainable food options.

Sustainability:

The Company is exploring ways to adopt more sustainable practices, such as reducing plastic packaging, improving energy efficiency in operations, and sourcing more ethically produced goods.

PRINCIPAL RISKS AND UNCERTAINTIES

The Directors recognise several key risks and uncertainties that may impact the Company:

Economic conditions:

The current depressed economic climate poses a risk to demand, particularly among smaller restaurants and retailers, who may struggle with higher costs.

Inflation:

Continued inflationary pressure could lead to rising operational costs, potentially squeezing profit margins if not managed carefully.

Foreign Exchange Risks:

The company is subject to fluctuations in currency exchange rates, which can affect the costs of goods and overall financial performance.

Supply Chain Disruptions:

Brexit-related regulations, global supply chain delays, and rising transportation costs could create challenges in sourcing products.

Labour Market Issues:

Staffing challenges, especially in warehouse operations and logistics, could impact the Company's ability to meet demand efficiently.

Despite these risks, the Company remains well-positioned to adapt to market challenges through its agile pricing strategies, strong supplier relationships, liquidity management, supplier diversification and commitment to delivering value to its customers.

KEY PERFORMANCE INDICATORS (KPI)

The following KPIs are used to monitor the efficiency and profitability of the business and to optimise working capital.

Gross profit

>15%

Net profit margin

>2%

Inventory turnover ratio

>6

FUTURE DEVELOPMENTS

The UK economy seems volatile at present, and likely to remain so. Interest rates remain high albeit with a small decrease already seen, with further reductions forecast by the end of 2025.

To cater for the evolving preferences of consumers, the Company is constantly expanding its product range to include more organic, gluten-free, and health-oriented Asian food products.

Lastly, the Company is also committed to sustainability initiatives with the aim of transitioning to eco-friendly packaging solutions and minimising its overall carbon footprint.

ON BEHALF OF THE BOARD:

Mr J.C. Gandhi - Director

10 December 2025

The directors present their report with the financial statements of the company for the year ended 30 April 2025.  

PRINCIPAL ACTIVITY

DIVIDENDS

The total distribution of dividends for the year ended 30 April 2025 will be £ 150,000 .

RESEARCH AND DEVELOPMENT

The company did not undertake any research and development activities during the year.

DIRECTORS

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

Mr J.C. Gandhi

Mr D.A. Mody

Mr N.C. Mody

Mr P.A. Mody

Mrs M.J. Gandhi

FINANCIAL INSTRUMENTS

The company utilises financial instruments to support its operational and strategic objectives. These instruments primarily include trade receivables, trade payables, borrowings and cash and cash equivalents. The company does not engage in speculative use of financial instruments.

Risk Management Objectives and Policies

The company is exposed to various financial risks arising from its business activities. The primary risks include price risk, credit risk, liquidity risk, and cash flow risk. The board of directors has established policies to identify, measure, and mitigate these risks to safeguard the company's financial stability and ensure compliance with regulatory requirements.

Price Risk

Gandhi Oriental Foods Limited is exposed to price volatility in raw materials, particularly spices, grains, and edible oils, which are critical to its operations. To manage price risk, the company leverages their network of suppliers to secure the best possible prices.

Credit Risk

Credit risk arises from the potential failure of counterparties to meet their contractual obligations. The company's exposure to credit risk is primarily related to trade receivables from customers. Gandhi Oriental Foods Limited mitigates this risk by performing creditworthiness assessments, setting credit limits, and maintaining a diversified customer base.

Liquidity Risk

Liquidity risk pertains to the company's ability to meet its financial obligations as they fall due. Gandhi Oriental Foods Limited manages this risk by regularly monitoring cash flow forecasts and ensuring access to sufficient funding through committed credit facilities, operational cash generation, and maintaining appropriate levels of cash reserves.

Cash Flow Risk

Fluctuations in cash inflows and outflows can impact the company's liquidity position. The company mitigates cash flow risk by aligning payment terms with receivables and payables, and managing the timing of significant expenditures. Seasonal variations in demand are also considered in cash flow planning.

Monitoring and Review

The board of directors oversees the company's risk management framework, ensuring that policies and procedures remain effective and aligned with the company's objectives. Financial risks are reviewed periodically, and adjustments are made to the company's strategies and controls in response to changes in the operating environment or financial landscape.

By adopting a proactive approach to risk management, Gandhi Oriental Foods Limited aims to minimise the impact of financial uncertainties on its performance and to uphold stakeholder confidence in its financial stewardship.

DISCLOSURE IN THE STRATEGIC REPORT

The company has chosen in accordance with Companies Act 2006, s 414C(11) to set out in the company's strategic report information required by Large and Medium-sized Companies and Groups (accounts and Reports) Regulations 2008, Sch. 7 to be contained in the directors' report. It has done so in respect of principal risks and uncertainties and future developments.

DIRECTORS' RESPONSIBILITIES STATEMENT

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

AUDITORS

The auditors,  KJ Pittalis and Partners LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr J.C. Gandhi - Director

10 December 2025

Opinion

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 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.

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 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 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 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 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the 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, or returns adequate for our audit have not been received from branches not visited by us; or

-

the 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 Directors' Responsibilities Statement set out on page six, 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 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 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud is detailed below:

We considered the nature of the Company's industry and its control environment and reviewed the Company's documentation of their policies and procedures relating to fraud and compliance with laws and regulations. We enquired of management about their own identification and assessment of the risks of fraud and irregularities.

We obtained an understanding of the legal and regulatory framework that the Company operates in and identified the key laws and regulations that:

-

Had a direct effect on the determination of the material amounts and disclosures in the financial

statements. These included UK Companies Act, pensions legislation, tax legislation, financial conduct

authority regulations; and

-

Do not have a direct effect on the financial statements, but compliance with which may be fundamental

to the company's ability to operate or to avoid a material penalty.

We discussed among the audit engagement team regarding the opportunities and incentives that may exist within the organisation for fraud, and how and where fraud might occur in the financial statements. In common with all audits under the ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments: assessed whether the judgements made in making accounting estimates are indicative of a potential bias: and evaluated the business rationale of any significant transactions that are unusual or outside the normal course of business.

In addition to the above, our procedures to respond to the risks identified included the following:

-

Reviewing financial statement disclosures by testing to supporting documentation to assess

compliance with provisions of relevant laws and regulations described as having direct effect on the

financial statements;

-

Performing analytical procedures to identify any unusual or unexpected relationships that may indicate

risks of material misstatement due to fraud;

-

Enquiring of management, concerning actual and potential litigation and claims, and instances of

noncompliance with laws and regulations; and

-

Reading minutes of meetings of those charged with governance.

As part of an audit in accordance with ISAs (Uk), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

-

Identify and assess the risks of material misstatement of the financial statements, whether due to fraud

or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that

is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material

misstatement resulting from fraud is higher than for ·one resulting from error, as fraud may involve

collusion, forgery, intentional omissions, misrepresentations, or the override of internal control;

-

Obtain an understanding of internal controls relevant to the audit in order to design audit procedures

that are appropriate in the circumstances, but not for the purpose of expressing an opinion of the

effectiveness of the company's internal control;

-

Evaluate the appropriateness of accounting policies used and the reasonableness of accounting

estimates and related party disclosures made by the directors;

-

Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, if

uncertainty exists, we are required to draw attention in our Auditors' report to the related disclosures in

the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions

are based on the audit   evidence obtained up to the date of our Auditors' report. However, future

events or conditions may cause the company to cease to-continue as a going concern;

-

Evaluate the overall presentation, structure and content of the financial statements, including the

disclosures, and whether the financial statements represent the underlying transactions and events in

a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

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.

Mr John Kyriacos Pittalis ACCA (Senior Statutory Auditor)

for and on behalf of K J Pittalis and Partners LLP

Chartered Certified Accountants

Statutory Auditor

Global House

303 Ballards Lane

London

N12 8NP

10 December 2025

TURNOVER

10,976,619

11,429,692

Cost of sales

8,901,313

9,195,630

GROSS PROFIT

2,075,306

2,234,062

Administrative expenses

1,839,727

1,631,602

OPERATING PROFIT

5

235,579

602,460

Loan balance write-off

6

-

(141,651

)

Profit/loss on sale of tang fa

6

(10,150

)

-

225,429

460,809

Interest receivable and similar income

24,693

4,478

250,122

465,287

Amounts written off investments

7

-

500

250,122

464,787

Interest payable and similar expenses

8

-

98

PROFIT BEFORE TAXATION

250,122

464,689

Tax on profit

9

82,138

166,075

PROFIT FOR THE FINANCIAL YEAR

167,984

298,614

OTHER COMPREHENSIVE INCOME  

Deferred tax movement on freehold

63,237

-

Income tax relating to other

comprehensive income

-

-

OTHER COMPREHENSIVE INCOME

FOR THE YEAR, NET OF INCOME TAX

63,237

-

TOTAL COMPREHENSIVE INCOME

FOR THE YEAR

231,221

298,614

FIXED ASSETS

Intangible assets

11

-

-

Tangible assets

12

4,485,482

4,476,553

Investments

13

85,120

85,120

4,570,602

4,561,673

CURRENT ASSETS

Stocks

14

1,227,287

1,407,870

Debtors

15

3,542,686

3,278,558

Cash at bank

992,020

1,030,585

5,761,993

5,717,013

CREDITORS

Amounts falling due within one year

16

(991,581

)

(969,313

)

NET CURRENT ASSETS

4,770,412

4,747,700

TOTAL ASSETS LESS CURRENT

LIABILITIES

9,341,014

9,309,373

PROVISIONS FOR LIABILITIES

18

(393,267

)

(442,847

)

NET ASSETS

8,947,747

8,866,526

CAPITAL AND RESERVES

Called up share capital

19

250,000

250,000

Revaluation reserve

20

1,324,472

1,274,944

Retained earnings

20

7,373,275

7,341,582

SHAREHOLDERS' FUNDS

8,947,747

8,866,526

The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2025 and were signed on its behalf by:

Mr J.C. Gandhi - Director

Called up

share

Retained

Revaluation

Total

capital

earnings

reserve

equity

£   

£   

£   

£   

Balance at 1 May 2023

250,000

7,029,259

1,288,653

8,567,912

Changes in equity

Total comprehensive income

-

312,323

(13,709

)

298,614

Balance at 30 April 2024

250,000

7,341,582

1,274,944

8,866,526

Changes in equity

Dividends

-

(150,000

)

-

(150,000

)

Total comprehensive income

-

181,693

49,528

231,221

Balance at 30 April 2025

250,000

7,373,275

1,324,472

8,947,747

Cash flows from operating activities

Cash generated from operations

1

549,812

582,361

Interest paid

-

(98

)

Tax paid

(166,907

)

59,344

Net cash from operating activities

382,905

641,607

Cash flows from investing activities

Purchase of tangible fixed assets

(86,601

)

(14,541

)

Sale of tangible fixed assets

5,999

-

Interest received

24,693

4,478

Net cash from investing activities

(55,909

)

(10,063

)

Cash flows from financing activities

Amts owed by/to related co. - Movement

(215,561

)

169,494

Directors' loan repaid

-

(215,295

)

Equity dividends paid

(150,000

)

-

Net cash from financing activities

(365,561

)

(45,801

)

(Decrease)/increase in cash and cash equivalents

(38,565

)

585,743

Cash and cash equivalents at

beginning of year

2

1,030,585

444,842

Cash and cash equivalents at end of

year

2

992,020

1,030,585