REGISTERED NUMBER: 01561946 (England and Wales)

Anand International Limited

Strategic Report, Report of the Directors and

Financial Statements For The Year Ended 30th June 2025

Page

Company Information

1

Strategic Report

2

to

4

Report of the Directors

5

Report of the Independent Auditors

6

to

8

Income Statement

9

Other Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Notes to the Financial Statements

13

to

21

DIRECTORS:

J P S Anand

H S Anand

K S Sethi

SECRETARY:

H S Anand

REGISTERED OFFICE:

Meridian House

Centurion Way

Meridian Business Park

Leicester

Leicestershire

LE191WH

REGISTERED NUMBER:

01561946 (England and Wales)

AUDITORS:

Cheney & Co

Statutory Auditor

310 Wellingborough Road

Northampton

NN1 4EP

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

REVIEW OF BUSINESS

The company's turnover has increased by 2.4% whilst the gross profit percentage achieved is similar to that achieved in 2024.

The company has a healthy net assets position as shown on the statement of financial position.

The risks facing the company are those relating to technical innovations of products and of changes in the World economic climate on consumer, and therefore wholesaler demand. The company is always sensitive to new and innovational trends in the market and hopes to take advantage of any profitable new UK and overseas markets as they open up.

The Key Financial Performance Indicators are

2025

2024

2023

2022

Debtors days

39

37

42

41

Creditor days

27

21

40

19

Trading ratio

4.87%

6.70%

10.08%

9.39

Liquidity ratio

589.33%

620.36%

440.25%

663.97%

The Key Non -Financial performance indicators are as follows:

Customers

Retention rating is high because:

Top 5

Top customers remain loyal

Percentage of top 5 customer turnover

to total company turnover

28%

27%

26%

27%

Suppliers

Supplier continuity is high

Top 5

Top 4 suppliers ranked in same order

each year.

Percentage of company purchases

75%

75%

75%

84%

Staff Turnover Low indicating high morale and satisfaction. Very few joiners or leavers in any year.

PRINCIPAL RISKS AND UNCERTAINTIES

The risks facing the company are those relating to technical innovations of products and of changes in the UK and

world economic climate on consumer, and therefore wholesaler demand.

SECTION 172(1) STATEMENT

Directors' statement of compliance with duty to promote the success of the company

During the year , the directors have had regard to the matters set out in S172 (1) (a) to (f) of the Companies Act 2006

whilst performing their duties. Whilst making decisions the directors ensure that they have acted in good faith, in a way they believe would promote the success of the Company for the benefit of its members. Specifically, the directors have considered the following:-

a. The likely consequences of any decision in the long term;

b. The interests of the Company's employees;

c. The need to foster the Company's business relationships with suppliers , customers and others;

d. The impact of the operations of the company on the community and the environment;

e. The desirability of the Company maintaining a reputation for high standards of business conduct; and

f. The need to act fairly between members of the company.

S172(1) (a) The Likely consequences of any decision in the long term

The Directors understand the business and the environment in which it operates. This is key to understanding the likely consequences of any long-term decisions . There is a plan for increased growth in the company's business in a cautious and risk -averse manner.

S172(1) (b) The interests of the company's employees

The directors recognise that the company's employees are key to the business and its success.Staff retention is achieved by the prioritising of employee wellbeing such that employees work in a humane ,safe and healthy environment which aims to encourage that employees develop to the best of their potential.

S172(1) (c) The need to foster the Company's business relationships with suppliers , customers and others

The directors recognise the important of relationships with our supply chain and the need to continue to build relationships with our key suppliers. We actively engage with suppliers throughout the year to ensure our respective plans align with one -another.

The Company is committed to maintaining good customer relations and continues to spend considerable time to ensure customer satisfaction.

S172(1) (d) The impact of the Company's operations on the community and the environment

The Company recognise the importance of minimising the impact of our operations on the community and environment , which is why it is core to our strategy.

The Company purchases from supplier companies which recycle batteries as it takes sustainability issues seriously.

The company is an affiliate to the Transparency in Supply Chains Report ( TISC) which is concerned with being alert to , and the elimination of, modern slavery in supply chains .

S172 (1) (e) The desirability of the Company maintaining a reputation for high standards of business conduct

The Company gives a significant proportion of its income to a charitable settlement registered in England & Wales which has funded many local and national charitable causes.

S172(1) (f) The need to act fairly between members of Company

The Company is a family run company where the long term ties of kindred and friendship combine to produce a courteous and a respectful atmosphere.

RESEARCH AND DEVELOPMENT AND FUTURE DEVELOPMENTS

The company does not manufacture or develop the products which it sells but purchases them on a wholesale

basis.

The company is sensitive to innovational market trends and always seeks to take advantage of any profitable new

United Kingdom or overseas markets for new products as they open up.

FINANCIAL INSTRUMENT RISK

The company does not have any bank borrowings. The company has a healthy net current assets and net assets position as shown on the statement of financial position.

The movement in foreign exchange rates affects the values of trade debtors , trade creditors and foreign currency bank accounts and the directors carefully monitor movements in those currencies.

ON BEHALF OF THE BOARD:

H S Anand - Director

7th January 2026

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

PRINCIPAL ACTIVITY

The company's principal activity continues to be that of wholesale selling of consumer batteries and smoking papers and filters.

DIVIDENDS

Dividends of £nil (2024 : £150,000) were paid during the year. The directors do not recommend

any further dividend for the year under review.

DIRECTORS

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

J P S Anand

H S Anand

K S Sethi

STREAMLINED ENERGY AND CARBON REPORTING

Greenhouse gas emissions, energy consumption and energy efficiency disclosures are not being given because in the directors' opinion the consumption of energy is less than 40,000 k/wh per annum.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the 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 of the profit or loss of the company 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;

-	state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

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

AUDITORS

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

ON BEHALF OF THE BOARD:

H S Anand - Director

7th January 2026

Opinion

We have audited the financial statements of Anand International Limited (the 'company') for the year ended 30th June 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and 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 30th June 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 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 Statement of Directors' Responsibilities set out on page five, 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.

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 , outlined above, to detect material misstatements in respect of irregularities, including fraud.

We obtained an understanding of the legal and regulatory frameworks applicable to the company and the sector in

which it operates. We determine that the following laws and regulations were most significant: the Companies Act 2006, UK direct and indirect taxation laws , the Consumer Rights Act, Employment Legislation and Health and Safety legislation affecting staff working in the warehouse and office staff using computer systems. The company has Marine Insurance for goods being exported via ship on the oceans of the world.

We obtained an understanding of how the company is complying with those legal and regulatory frameworks by making enquiries of management.

We have discussed with management the risk of incorrect VAT treatment in sales transactions , including export sales of goods to Europe and the rest of the world and have concluded that the client directors and staff are sufficiently experienced concerning these regulations that the risk of material misstatement is low.

There are no critical judgements of an unusual nature . The cut off of sales , purchases and stock movements is covered by the directors' involvement. The valuation of stock is performed annually by the managing director based on recent cost prices and he supervises the annual stock count.

We have undertaken high levels of substantive testing of balances in the statement of financial position and have performed a detailed analytical review of the income statement.

Prior to commencement of the audit staff were briefed on the risk assessment of the susceptibility of the company financial statements to material misstatement , including fraud .

Audit procedures performed included:

-identifying and assessing the design and effectiveness of controls management has in place to prevent and detect fraud;and

-understanding how the directors considered and addressed the potential for override of controls or inappropriate influence over the financial reporting process; and

-challenging assumptions and judgements made by management in significant accounting estimates where appropriate;and

-identifying and testing journal entries , in particular any journal entries posted with unusual account combinations, as appropriate; and

-assessing the extent of compliance with laws and regulations.

At the completion stage of the audit the results of audit tests were re-examined to ensure that they were consistent with our knowledge of the company and did not warrant further investigation of transactions and balances.

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.

Paul Sparks FCCA FCA (Senior Statutory Auditor)

for and on behalf of Cheney & Co

Statutory Auditor

310 Wellingborough Road

Northampton

NN1 4EP

7th January 2026

TURNOVER

3

56,543,467

55,221,718

Cost of sales

(50,929,923

)

(50,422,781

)

GROSS PROFIT

5,613,544

4,798,937

Distribution costs

(188,409

)

(172,300

)

Administrative expenses

(2,919,841

)

(2,595,632

)

OPERATING PROFIT

5

2,505,294

2,031,005

Interest receivable and similar income

806,727

719,249

PROFIT BEFORE TAXATION

3,312,021

2,750,254

Tax on profit

6

(830,324

)

(691,361

)

PROFIT FOR THE FINANCIAL YEAR

2,481,697

2,058,893

PROFIT FOR THE YEAR

2,481,697

2,058,893

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

2,481,697

2,058,893

FIXED ASSETS

Tangible assets

8

426,108

417,862

Investments

9

102

102

426,210

417,964

CURRENT ASSETS

Stocks

10

2,482,427

3,379,241

Debtors

11

8,595,533

7,740,157

Cash at bank

12

16,552,699

13,259,441

27,630,659

24,378,839

CREDITORS

Amounts falling due within one year

13

4,688,462

3,929,799

NET CURRENT ASSETS

22,942,197

20,449,040

TOTAL ASSETS LESS CURRENT LIABILITIES

23,368,407

20,867,004

CREDITORS

Amounts falling due after more than one year

14

(9,056

)

-

PROVISIONS FOR LIABILITIES

16

(85,500

)

(74,850

)

NET ASSETS

23,273,851

20,792,154

CAPITAL AND RESERVES

Called up share capital

17

2

2

Retained earnings

18

23,273,849

20,792,152

SHAREHOLDERS' FUNDS

23,273,851

20,792,154

The financial statements were approved by the Board of Directors and authorised for issue on 7th January 2026 and were signed on its behalf by:

H S Anand - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1st July 2023

2

18,883,259

18,883,261

Changes in equity

Dividends

-

(150,000

)

(150,000

)

Total comprehensive income

-

2,058,893

2,058,893

Balance at 30th June 2024

2

20,792,152

20,792,154

Changes in equity

Total comprehensive income

-

2,481,697

2,481,697

Balance at 30th June 2025

2

23,273,849

23,273,851

1.	STATUTORY INFORMATION

Anand International 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.	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.

Anand International Limited is a parent company with 3 wholly owned subsidiaries; Tee Tee Co.Limited (England & Wales) and House of Batteries Holdings Limited (England & Wales) are dormant and Anand Emerald Ltd (Ireland), which started trading in October 2021. All the subsidiary companies are considered immaterial companies for the years ended 30th June 2025 and 30th June 2024 both individually and in total.

Anand Emerald Ltd ( Ireland) is effectively a branch selling operation which sells locally or in Europe on wholesale terms to Republic of Ireland ( ROI) customers products only sourced from or by Anand International Limited on a matched ROI Sales to an equivalent purchase from or by Anand International Limited . A gross profit margin is added to cover local overheads. Anand Emerald Ltd ( Ireland) has no trading stock as it has no warehouse facilities .The proceeds of ROI Sales are used to settle the purchase ledger debt due to the parent company and other suppliers.This means that the additional assets, liabilities, turnover and expenses increment that would arise on a consolidation would be immaterial.

Anand International Limited is a wholly owned subsidiary of Anand Group Ltd which prepares consolidated financial statements which include all the subsidiaries detailed above.

Accordingly consolidated financial statements have not been prepared for Anand International Limited as advantage has been taken of the exemption in section 400 Companies Act 2006 .Consequently these accounts are single financial statements for Anand International Limited only.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of paragraph 33.7.

Critical accounting judgements and key sources of estimation uncertainty

The company makes estimates and assumptions concerning the future. The directors are also required to exercise judgement in the process of applying the company`s accounting policies. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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.

In preparing these financial statements , the directors have made the following judgements:

> Recoverability and carrying value of trading stock

The directors review the market value and demand for the stock on a periodic basis to ensure stock is recorded in the financial statements have lower of cost and net realisable value. Any provision for impairment is recorded against the carrying values of stocks. The directors use their knowledge of market conditions, historical experiences and estimate of future events to assess the future demand for the company's products and achievable selling prices.

> Recoverability of trade and other debtors

Trade and other debtors are recognised to the extent that they are judged recoverable. The directors reviews are performed to estimate the level of reserves required for irrecoverable debt. Provisions are made specifically against invoices where recoverability is uncertain.

The directors make allowances for doubtful debts based on an assessment of the recoverability of debtors.Allowances are applied to debtors where events or changes in circumstances indicate that the carrying amounts may not be recoverable. The directors specifically analyse historical bad debts, customer creditworthiness, current economic trends and changes in customer payment terms when making a judgement to evaluate the adequacy of the provision for doubtful debts. Where the expectation is different from the original estimate, such a difference will impact the carrying value of debtors and the charge in the profit and loss account.

> Provisions

A provision is recognised when the company has a present legal or constructive obligation as a result of a past event for which it is probable that an outflow of resources will be required to settle the obligation and the amount can be reliably estimated. If the effect is material, provisions are determined by discounting the expected future cash flow that reflects the time value of money and the risks specific to the liability.

Whether a present obligation is probable or not requires judgement. The nature and type of risks for these provisions differ, the directors`s judgement is applied regarding the nature and extent of obligations in deciding if an outflow of resources is probable or not.

> Depreciation, amortisation and residual values

The directors have reviewed the asset lives and associated residual values of all fixed asset classes, and have concluded that asset lives and residual values are appropriate.

The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account.Residual value assessments consider issues such as future market conditions , the remaining life of the asset and projected disposal values.

> Taxation

There are many transactions and calculations for which the ultimate tax determination is uncertain. The company recognizes liabilities for anticipated tax issues based on estimates of whether additional taxes will be due.

The directors estimation is required to determine the amount of deferred tax assets that can be recognised, based upon likely timing and level of future taxable profits together with an assessment of the effect of future tax planning strategies.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company is a wholesaler of consumer batteries , smoking papers and filters . Sales leave the warehouse and typically arrive at the customer within two days if the destination is in the United Kingdom or within a working week if in Europe . The company has marine and other business insurance to cover loss of stock before it arrives at the customer and therefore the company has applied the practice of substance over legal form in the calculation of trade debtors and turnover.This is considered by the directors to show a true and fair view as it represents the economic reality of the situation rather than the legal form.The company has only had one loss over £50,000 in over 40 years of trading , which was covered by marine insurance and therefore the directors feel that this treatment is justified by actual outcomes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on reducing balance and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

The company only recognises the items comprised in fixed assets if there is a probability that future economic benefits will flow into the company as a result of the acquisition of the fixed asset and the costs can be determined reliably.The cost is derived from the relevant purchase invoice and the historical cost convention is used.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method.The amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Basic financial instruments

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the

effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price ( which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

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.

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.

Other income

Other income comprises bank interest receivable calculated on an accruals basis on bank deposit accounts, treasury deposits and some deposits where the deposit is longer than three months but less than a year.

Cash and cash equivalents

Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. Therefore, an investment normally qualifies as a cash equivalent only when it has a short maturity of, say, three months or less from the date of acquisition.

Bank deposit investments for longer periods of up to a year are current asset bank deposits and are separately disclosed in the note to the financial statements.

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:

2025

2024

£

£

United Kingdom

47,397,351

45,409,206

Rest of world

9,146,116

9,812,512

56,543,467

55,221,718

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

1,888,894

1,441,972

Social security costs

218,241

152,615

Other pension costs

205,336

213,466

2,312,471

1,808,053

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

2025

2024

Directors

3

3

Administration, warehousing and selling

34

37

37

40

Other pension costs relate to defined contribution money purchase pension schemes .

2025

2024

£

£

Directors' remuneration

760,847

191,741

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

3

3

Information regarding the highest paid director for the year ended 30th June 2025 is as follows:

2025

£

Emoluments etc

644,569

5.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2025

2024

£

£

Other operating leases

1,354

1,120

Depreciation - owned assets

114,805

113,325

Profit on disposal of fixed assets

-

(2,299

)

Auditors' remuneration

25,192

21,000

6.

TAXATION

Analysis of the tax charge

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

2025

2024

£

£

Current tax:

UK corporation tax

819,674

695,011

Deferred tax

10,650

(3,650

)

Tax on profit

830,324

691,361

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:

2025

2024

£

£

Profit before tax

3,312,021

2,750,254

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

828,005

687,564

Effects of:

Expenses not deductible for tax purposes

2,305

3,744

Income not taxable for tax purposes

-

(575

)

Capital allowances in excess of depreciation

(10,636

)

-

Depreciation in excess of capital allowances

-

4,278

Deferred Taxation movement

10,650

(3,650

)

Total tax charge

830,324

691,361

7.

DIVIDENDS

2025

2024

£

£

Ordinary shares of 0.33 each

Interim

-

150,000

8.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1st July 2024

665,759

341,273

1,007,032

Additions

15,636

133,415

149,051

Disposals

-

(78,690

)

(78,690

)

At 30th June 2025

681,395

395,998

1,077,393

DEPRECIATION

At 1st July 2024

454,111

135,059

589,170

Charge for year

59,136

55,669

114,805

Eliminated on disposal

-

(52,690

)

(52,690

)

At 30th June 2025

513,247

138,038

651,285

NET BOOK VALUE

At 30th June 2025

168,148

257,960

426,108

At 30th June 2024

211,648

206,214

417,862

9.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st July 2024

and 30th June 2025

102

NET BOOK VALUE

At 30th June 2025

102

At 30th June 2024

102

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Anand Emerald Limited

Registered office: 77 Camden Street, Lower Dublin, Dublin 2, Ireland, DO2 XE80

Nature of business: Wholesale selling of consumer batteries and

%

Class of shares:

holding

Ordinary

1€

each

100.00

2025

2024

£

£

Aggregate capital and reserves

82,333

74,565

Profit for the year

7,768

24,030