REGISTERED NUMBER: 05738033 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

EAST 'N' WEST CASH & CARRY LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Director

3

Report of the Independent Auditors

5

Income Statement

8

Other Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Cash Flow Statement

12

Notes to the Cash Flow Statement

13

Notes to the Financial Statements

15

DIRECTOR:

Surendra Lakhani

REGISTERED OFFICE:

10 River Road

Unit 9 Cromwell Business Park

Barking

Essex

IG11 0DG

REGISTERED NUMBER:

05738033 (England and Wales)

SENIOR STATUTORY AUDITOR:

Anwer Patel BA (Hons) FCA,BFP

AUDITORS:

Prestons

Chartered Accountants

Statutory Auditors

364-368 Cranbrook Road

Gants Hill

Ilford

Essex

IG2 6HY

The director presents his strategic report for the year ended 31 March 2025.

REVIEW OF BUSINESS

Key Financial Performance Indicators

The company key financial and other performance indicators during the year were as follows:

2025

2024

Turnover (continuing operations)

37,520,467

38,230,914

Operating Profit

1,231,329

1,073,295

Profit after Tax

847,517

786,809

Shareholder's Equity

4,350,288

3,502,771

(Quick Ratio)

1.73%

1.66%

The company's "quick ratio" (current assets as a ratio of current liabilities) is 1.73 similar to 1.66 in previous year.This has been maintained by effective credit control system monitored by the director and management on ongoing basis.

Non Financial Performance Indicators

The Management of Human Resources :

Director has regular meeting with key management employees to ensure any issues relating to staff are resolved as a priority. This has helped company to have low level of staff turnover and increased efficiencies.

Product and Service Price/Quality :

The company ensures that products sold are of good quality standards.

The company has continued to maintain its strategy of every day low prices (EDLP) and has formed strategic alliances with brands and its supply chain to achieve this.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors hold regular meetings with key management employees to evaluate the company's risk management process. Full due diligence is carried out on customers and suppliers to ensure compliance with relevant legislation and to have a better understanding of their needs.

Brexit Uncertainties

Brexit is one of the most significant economic events for the UK, and its effect are subject to unprecedented levels of uncertainty of outcomes. Company has not had any adverse impact of Brexit as the sales exposure to EC area is limited.

ON BEHALF OF THE BOARD:

Surendra Lakhani - Director

16 December 2025

The director presents his report with the financial statements of the company for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of a cash and carry.

DIVIDENDS

No dividends will be distributed for the year ended 31 March 2025.

DIRECTOR

Surendra Lakhani held office during the whole of the period from 1 April 2024 to the date of this report.

FINANCIAL INSTRUMENTS

Treasury operations and financial instruments

The company operates a treasury function which is responsible for managing the liquidity, interest and foreign currency risks associated with the company's activities.

The company principal financial instruments include derivative financial instruments, the purpose of which is to manage currency risks and interest rate risks arising form the company's activities, and bank overdrafts and loans, the main purpose of which is to raise finance for the company's operations. In addition, the company has various other financial assets and liabilities such as trade debtors and trade creditors arising directly from operations. Derivative transactions which the company enter into principally comprise forward exchange contracts. In accordance with the company's treasury policy, derivative instruments are not entered into for speculative purposes.

Liquidity risk

The company manages its cash and borrowing requirements in order to maximize interest income and minimise interest expense, whilst ensuring the company has sufficient liquid resources to meet the operating needs of the business.

Interest rate risk

The company is exposed to fair value interest rate risk on its fixed rate borrowings and cash flow interest rate risk on bank overdrafts and loans.

Foreign currency risk

The company principal foreign currency exposures arise from trading with overseas companies. The company policy permits but does not demand that these exposures may be hedged in order to fix the cost in sterling. This hedging activity involves the use of foreign exchange forward contracts.

Credit risk

Investments of cash surpluses, borrowings and derivative instruments are made through banks and companies which must fulfil credit rating criteria approved by the Board.

All customers who wish to trade on credit terms are subject to credit verification procedures.Trade debtors are reviewed on a regular basis and provision is made for doubtful debts when necessary.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is 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 director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company 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 director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he 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 company's auditors are aware of that information.

AUDITORS

The auditors, Prestons, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Surendra Lakhani - Director

16 December 2025

Opinion

We have audited the financial statements of East 'N' West Cash & Carry Limited (the 'company') for the year ended 31 March 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the 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 company's affairs as at 31 March 2025 and of its 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 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 director's 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, 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 Director 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 Director 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 Director.

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 director's remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page four, the director is 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 director determines 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 director is 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 director either intends to liquidate the company or to cease operations, or has 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:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design

procedures in line with our responsibilities to detect material misstatement in respect of irregularities,

including fraud.

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.

Anwer Patel BA (Hons) FCA,BFP (Senior Statutory Auditor)

for and on behalf of Prestons

Chartered Accountants

Statutory Auditors

364-368 Cranbrook Road

Gants Hill

Ilford

Essex

IG2 6HY

24 December 2025

TURNOVER

3

37,520,467

38,230,914

Cost of sales

33,827,061

34,837,895

GROSS PROFIT

3,693,406

3,393,019

Administrative expenses

2,472,989

2,319,724

OPERATING PROFIT

5

1,220,417

1,073,295

Interest receivable and similar income

10,912

-

1,231,329

1,073,295

Interest payable and similar expenses

6

32,945

35,243

PROFIT BEFORE TAXATION

1,198,384

1,038,052

Tax on profit

7

350,867

251,243

PROFIT FOR THE FINANCIAL YEAR

847,517

786,809

PROFIT FOR THE YEAR

847,517

786,809

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

847,517

786,809

FIXED ASSETS

Tangible assets

8

907,183

901,280

Investments

9

1

1

907,184

901,281

CURRENT ASSETS

Stocks

10

2,275,250

2,065,250

Debtors

11

6,546,187

3,803,033

Cash at bank and in hand

341,043

1,760,854

9,162,480

7,629,137

CREDITORS

Amounts falling due within one year

12

5,290,533

4,642,632

NET CURRENT ASSETS

3,871,947

2,986,505

TOTAL ASSETS LESS CURRENT LIABILITIES

4,779,131

3,887,786

CREDITORS

Amounts falling due after more than one year

13

(353,719

)

(365,007

)

PROVISIONS FOR LIABILITIES

17

(75,124

)

(20,008

)

NET ASSETS

4,350,288

3,502,771

CAPITAL AND RESERVES

Called up share capital

18

1,000

1,000

Retained earnings

19

4,349,288

3,501,771

SHAREHOLDERS' FUNDS

4,350,288

3,502,771

The financial statements were approved by the director and authorised for issue on 16 December 2025 and were signed by:

Surendra Lakhani - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2023

1,000

2,714,962

2,715,962

Changes in equity

Total comprehensive income

-

786,809

786,809

Balance at 31 March 2024

1,000

3,501,771

3,502,771

Changes in equity

Total comprehensive income

-

847,517

847,517

Balance at 31 March 2025

1,000

4,349,288

4,350,288

Cash flows from operating activities

Cash generated from operations

1

(996,735

)

932,246

Interest paid

(32,945

)

(35,243

)

Tax paid

(263,449

)

(137,936

)

Net cash from operating activities

(1,293,129

)

759,067

Cash flows from investing activities

Purchase of tangible fixed assets

(125,737

)

(186,631

)

Sale of tangible fixed assets

22,401

-

Interest received

10,912

-

Net cash from investing activities

(92,424

)

(186,631

)

Cash flows from financing activities

Loan repayments in year

(11,288

)

(85,033

)

Capital repayments in year

(22,970

)

(26,444

)

Net cash from financing activities

(34,258

)

(111,477

)

(Decrease)/increase in cash and cash equivalents

(1,419,811

)

460,959

Cash and cash equivalents at beginning of year

2

1,760,854

1,299,895

Cash and cash equivalents at end of year

2

341,043

1,760,854

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

31.3.25

31.3.24

£

£

Profit before taxation

1,198,384

1,038,052

Depreciation charges

92,856

35,418

Loss on disposal of fixed assets

4,577

-

Amounts owed by group undertakings

(3,062,067

)

(644,000

)

Finance costs

32,945

35,243

Finance income

(10,912

)

-

(1,744,217

)

464,713

(Increase)/decrease in stocks

(210,000

)

533,250

Decrease/(increase) in trade and other debtors

318,913

(383,389

)

Increase in trade and other creditors

638,569

317,672

Cash generated from operations

(996,735

)

932,246

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 March 2025

31/3/25

1/4/24

£

£

Cash and cash equivalents

341,043

1,760,854

Year ended 31 March 2024

31/3/24

1/4/23

£

£

Cash and cash equivalents

1,760,854

1,299,895

3.	ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)

At 1/4/24

Cash flow

At 31/3/25

£

£

£

Net cash

Cash at bank and in hand

1,760,854

(1,419,811

)

341,043

1,760,854

(1,419,811

)

341,043

Debt

Finance leases

(33,253

)

22,970

(10,283

)

Debts falling due within 1 year

(41,760

)

-

(41,760

)

Debts falling due after 1 year

(365,007

)

11,288

(353,719

)

(440,020

)

34,258

(405,762

)

Total

1,320,834

(1,385,553

)

(64,719

)

1.	STATUTORY INFORMATION

East 'N' West Cash & Carry 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.

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.

Turnover

Turnover is measured as the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

Tangible fixed assets

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the costs of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Freehold property - in accordance with the property

Plant and Machinery - 25% Straight Line

Motor Vehicles - 25% Straight Line

The asset's residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit and loss.

Freehold Land is not depreciated on the grounds that it is regarded as having an infinite life.

Freehold building is not depreciated as expected residual value will be equivalent to cost.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit and loss

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.

Financial instruments

Financial instruments are recognised in the company's balance sheet when it becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangements constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of assets

At each reporting period end date, the company reviews the carrying amounts of its tangible, intangible and other assets to determine whether there is any indication that those assets have suffered an impairment loss. If such an indication exists, the recoverable amount of asset is estimated in order to determine the extent of the impairment loss (if any).

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently,they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

3.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

31.3.25

31.3.24

£

£

United Kingdom

36,472,015

37,488,690

World Sales

1,048,452

742,224

37,520,467

38,230,914

4.	EMPLOYEES AND DIRECTORS

31.3.25

31.3.24

£

£

Wages and salaries

1,222,533

1,084,104

Social security costs

98,097

79,791

Other pension costs

14,009

13,628

1,334,639

1,177,523

The average number of employees during the year was as follows:

31.3.25

31.3.24

Senior Management

4

4

Sales and Marketing Staff

10

10

Operations Staff

36

36

Administrative and other staff

3

3

53

53

31.3.25

31.3.24

£

£

Director's remuneration

36,117

36,062

5.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.25

31.3.24

£

£

Hire of plant and machinery

328

4,882

Other operating leases

307,640

354,333

Depreciation - owned assets

92,856

35,418

Loss on disposal of fixed assets

4,577

-

Auditors' remuneration

6,000

6,000

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

31.3.25

31.3.24

£

£

Bank interest

32,945

35,243

7.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

31.3.25

31.3.24

£

£

Current tax:

UK corporation tax

295,751

227,040

Deferred tax

55,116

24,203

Tax on profit

350,867

251,243

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

31.3.25

31.3.24

£

£

Profit before tax

1,198,384

1,038,052

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

299,596

259,513

Effects of:

Expenses not deductible for tax purposes

(3,845

)

(32,473

)

Deferred tax

55,116

24,203

Total tax charge

350,867

251,243