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Company registration number: 06835728
Gold 22 (UK) Limited
Financial statements
31 March 2025
Gold 22 (UK) Limited
Contents
Directors and other information
Strategic report
Directors report
Independent auditor's report to the members
Statement of comprehensive income
Statement of financial position
Statement of changes in equity
Statement of cash flows
Notes to the financial statements
Gold 22 (UK) Limited
Directors and other information

| Directors | A S Gulati
|  | M N Gandhi
|  | A N Gandhi
|  | S A Gandhi
|  | G S Gulati
| Company number | 06835728
| Registered office | 15a Alperton Lane
|  | Perivale
|  | Greenford
|  | Middlesex
|  | UB6 8DH
| Business address | 15a Alperton Lane
|  | Perivale
|  | Greenford
|  | Middlesex
|  | UB6 8DH
| Auditor | SRV Delson
|  | Maruti House
|  | 1st Floor
|  | 369 Station Road
|  | Harrow
|  | HA1 2AW
| Accountants | SRV Delson
|  | Maruti House
|  | 1st Floor
|  | 369 Station Road
|  | Harrow
|  | HA1 2AW

Gold 22 (UK) Limited
Strategic report
Year ended 31 March 2025
The directors hereby present their strategic report, directors' report and the audited financial statements of Gold 22 (UK) Limited for the year ended 31 March 2025.
Principal activities
The principal activity of the is that of manufacture and supply of haircare and skincare products across the UK, European and international markets
Business review and key performance indicators
Gold 22 (UK) Ltd has remained profitable in recent financial periods, operating primarily in the manufacture and supply of haircare and skincare products for the UK, European and international markets. During the year, the Company focused on maintaining stable trading performance, supporting existing customer relationships and continuing the development of its product range where appropriate. The directors monitor the performance of the business using a combination of financial and operational key performance indicators, including turnover, gross profit margin, EBITDA and profit before taxation, together with measures such as the forward sales order book, purchase order activity, progress in new product development, expansion into additional markets and consideration of new brands or products to support future growth. These indicators are reviewed by management to assess performance and inform ongoing business decisions.
Principal risk and uncertainty
Like other companies operating in the haircare and skincare sector, Gold 22 (UK) Ltd is exposed to a number of risks and uncertainties arising from its trading activities. The directors recognise that the principal risks faced by the Company include changes in customer demand, supplier and supply chain disruption, cost inflation, regulatory and compliance requirements, and exposure to customer credit risk. Where practicable, the Company seeks to mitigate these risks through maintaining close relationships with customers and suppliers, monitoring cash flow and margins, operating appropriate credit control procedures, and managing stock levels carefully. The directors believe that, while these risks cannot be eliminated entirely, the measures in place are appropriate for the size and nature of the business and enable the Company to respond to adverse or unexpected trading conditions as they arise.
Research and development
Gold 22 (UK) Ltd undertakes ongoing product development activities in relation to its haircare and skincare ranges, with a focus on maintaining product quality, meeting customer and regulatory requirements and responding to market trends. Research and development activity during the year was primarily directed towards formulation improvements, product enhancements and the development of new products where commercially appropriate. The Company also remains mindful of social, ethical and sustainability considerations within its operations and supply chain, taking a proportionate approach consistent with the size and nature of the business.
Future developments
The directors intend to continue focusing on the Company's core activities, supporting existing customers and selectively developing new products and market opportunities where commercially appropriate. The Company will continue to manage costs carefully while monitoring market conditions and regulatory requirements to support sustainable future performance.
This report was approved by the board of directors on 4 February 2026 and signed on behalf of the board by:
S A Gandhi
Director
Gold 22 (UK) Limited
Directors report
Year ended 31 March 2025
The directors present their report and the financial statements of the company for the year ended 31 March 2025.
Directors
The directors who served the company during the year were as follows:

A S Gulati
M N Gandhi
A N Gandhi
S A Gandhi
G S Gulati

Dividends
Particulars of recommended dividends are detailed in note 13 to the financial statements.
Future developments
The directors anticipate that the business environment will remain competitive and extremely challenging due to the recent global events. However, they believe that the company is in good financial position and they remain confident that the company and its brands will continue to grow over the foreseeable future.
Financial instruments
The period of unprecedented market pressures on consumers continues as did falling demand for the high end goods.
Continued market conditions and currency fluctuation in input costs and intense competition can adversely impact the growth and profitability as well as capability to execute long term plans.
In the current highly competitive and volatile market, the company continues to pursue strategies to explore new streams of revenue.
The directors expect the business environment to remain highly competitive in 2026 but are confident that the company is well positioned to deal with the market risks.
European market volatility and currency fluctuations remain the principal risk and the company has implemented programs to increase efficiency in logistics, hedge currency risk and raise the standard of service in order to maintain its strong market position. Management is constantly striving to reduce base costs.
Foreign exchange exposure is a risk area with the products purchased and sold in various currencies.
Recoverability of trade debts is a risk in the current economic climate and the company constantly monitors its customers' credit worthiness and its credit insurance covers.
Directors responsibilities statement
The directors are responsible for preparing the strategic report, directors report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the 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 judgments and accounting estimates that are reasonable and prudent; and
- 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.
Auditor
Each of the persons who is a director at the date of approval of this report confirms that:
- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.
The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.
This report was approved by the board of directors on 04 February 2026 and signed on behalf of the board by:
S A Gandhi
Director
Gold 22 (UK) Limited
Independent auditor's report to the members of
Gold 22 (UK) Limited
Year ended 31 March 2025
Opinion
We have audited the financial statements of Gold 22 (UK) Limited (the 'company') for the year ended 31 March 2025 which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity, statement of cash flows 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 FRS 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 auditor’s 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 other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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 directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the strategic report and the directors' report has 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 directors' report. 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 the 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, 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 is 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.
Auditor's 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 an auditor’s report 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. 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. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:The objectives of our audit, in respect to detecting irregularities including fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses; to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management. Enquiry of management and those charged with governance around actual and potential litigation and claims; Performing audit work over the risk of management override of controls. including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias. Reviewing minutes of meetings of those charged with governance; Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations. The audit team obtained an understanding of the legal and regulatory frameworks that are applicable to the company and determined that the most significant are those that relate to the reporting framework (FRS102 and the Companies Act 2006), the relevant UK tax compliance regulations and Data Protection Regulation (GDPR).Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. 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 control 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 on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s 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 auditor’s 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.
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 an auditors report 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.
Sailesh Rameshchandra Vaghjee (Senior Statutory Auditor)
For and on behalf of
SRV Delson
Chartered Certified Accountants and Statutory Auditors
Maruti House
1st Floor
369 Station Road
Harrow
HA1 2AW
04 February 2026
Gold 22 (UK) Limited
Statement of comprehensive income
Year ended 31 March 2025

|  |  |  | 2025 |  | 2024 |  |
|  | Note |  | £ |  | £ |  |
Turnover |  | 4 |  | 16,663,924 |  | 16,743,763 |  |
Cost of sales |  |  |  | ( 3,104,162) |  | ( 2,479,841) |  |
|  |  |  | _______ |  | _______ |  |
Gross profit |  |  |  | 13,559,762 |  | 14,263,922 |  |
Administrative expenses |  |  |  | ( 12,431,939) |  | ( 11,615,952) |  |
Other operating income |  | 5 |  | - |  | 45,858 |  |
|  |  |  | _______ |  | _______ |  |
Operating profit |  | 6 |  | 1,127,823 |  | 2,693,828 |  |
Other interest receivable and similar income |  | 9 |  | 29,742 |  | 8,024 |  |
Interest payable and similar expenses |  | 10 |  | ( 27,334) |  | ( 12,997) |  |
Profit before taxation |  |  |  | 1,130,231 |  | 2,688,855 |  |
Tax on profit |  | 11 |  | ( 291,438) |  | ( 627,938) |  |
|  |  |  | _______ |  | _______ |  |
Profit for the financial year and total comprehensive income |  |  |  | 838,793 |  | 2,060,917 |  |
|  |  |  | _______ |  | _______ |  |

All the activities of the company are from continuing operations.
Gold 22 (UK) Limited
Statement of financial position
31 March 2025

|  |  | 2025 |  |  |  | 2024 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Tangible assets |  | 14 | 730,331 |  |  |  | 213,169 |  |
Investments |  | 15 | 1,196 |  |  |  | 996 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 731,527 |  |  |  | 214,165
Current assets |  |  |  |  |  |  |  |  |
Stocks |  | 16 | 3,766,733 |  |  |  | 2,757,127 |  |
Debtors |  | 17 | 2,134,580 |  |  |  | 1,954,415 |  |
Cash at bank and in hand |  |  | 1,444,163 |  |  |  | 2,331,487 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 7,345,476 |  |  |  | 7,043,029 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 18 | ( 5,666,659) |  |  |  | ( 6,476,917) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current assets |  |  |  |  | 1,678,817 |  |  |  | 566,112
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 2,410,344 |  |  |  | 780,277
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
after more than one year |  | 19 |  |  | ( 581,275) |  |  |  | ( 74,117)
Provisions for liabilities |  | 21 |  |  | ( 151,068) |  |  |  | -
Accruals and deferred income |  |  |  |  | ( 146,618) |  |  |  | ( 13,570)
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 1,531,383 |  |  |  | 692,590
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  | 25 |  |  | 100 |  |  |  | 100
Profit and loss account |  | 26 |  |  | 1,531,283 |  |  |  | 692,490
|  |  |  |  | _______ |  |  |  | _______
Shareholders funds |  |  |  |  | 1,531,383 |  |  |  | 692,590
|  |  |  |  | _______ |  |  |  | _______

These financial statements were approved by the board of directors and authorised for issue on 04 February 2026 , and are signed on behalf of the board by:
S A Gandhi
Director
Company registration number: 06835728
Gold 22 (UK) Limited
Statement of changes in equity
Year ended 31 March 2025

|  | Called up share capital |  | Profit and loss account | Total |  |  |  |  |
|  | £ |  | £ | £ |  |  |  |  |
At 1 April 2023 |  | 100 |  | 631,573 | 631,673 |  |  |  |  |
Profit for the year |  |  |  | 2,060,917 | 2,060,917 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
Total comprehensive income for the year |  | - |  | 2,060,917 | 2,060,917 |  |  |  |  |
Dividends paid and payable |  |  |  | ( 2,000,000) | ( 2,000,000) |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
Total investments by and distributions to owners |  | - |  | ( 2,000,000) | ( 2,000,000) |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
At 31 March 2024 and 1 April 2024 |  | 100 |  | 692,490 | 692,590 |  |  |  |  |
Profit for the year |  |  |  | 838,793 | 838,793 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
Total comprehensive income for the year |  | - |  | 838,793 | 838,793 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
At 31 March 2025 |  | 100 |  | 1,531,283 | 1,531,383 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |

Gold 22 (UK) Limited
Statement of cash flows
Year ended 31 March 2025

|  | 2025 |  | 2024 |
|  | £ |  | £ |
Cash flows from operating activities |  |  |  |  |
Profit for the financial year |  | 838,793 |  | 2,060,917 |
Adjustments for: |  |  |  |  |
Depreciation of tangible assets |  | 43,852 |  | 19,851 |
Other interest receivable and similar income |  | ( 29,742) |  | ( 8,024) |
Interest payable and similar expenses |  | 27,334 |  | 12,997 |
Tax on profit |  | 291,438 |  | 627,938 |
Accrued expenses/(income) |  | 133,048 |  | 8,500 |
Changes in: |  |  |  |  |
Stocks |  | ( 1,009,606) |  | ( 1,409,540) |
Trade and other debtors |  | ( 180,165) |  | ( 1,727,695) |
Trade and other creditors |  | ( 142,772) |  | 2,849,635 |
|  | _______ |  | _______ |
Cash generated from operations |  | ( 27,820) |  | 2,434,579 |
Interest paid |  | ( 27,334) |  | ( 12,997) |
Interest received |  | 29,742 |  | 8,024 |
Tax paid |  | ( 725,438) |  | 4,275 |
|  | _______ |  | _______ |
Net cash (used in)/from operating activities |  | ( 750,850) |  | 2,433,881 |
|  | _______ |  | _______ |
Cash flows from investing activities |  |  |  |  |
Purchase of tangible assets |  | ( 561,014) |  | ( 188,052) |
Acquisition of subsidiaries |  | ( 200) |  | ( 996) |
|  | _______ |  | _______ |
Net cash used in investing activities |  | ( 561,214) |  | ( 189,048) |
|  | _______ |  | _______ |
Cash flows from financing activities |  |  |  |  |
Proceeds from borrowings |  | 320,207 |  | ( 30,200) |
Payment of finance lease liabilities |  | 429,533 |  | - |
Equity dividends paid |  | ( 325,000) |  | ( 500,000) |
|  | _______ |  | _______ |
Net cash from/(used in) financing activities |  | 424,740 |  | ( 530,200) |
|  | _______ |  | _______ |
Net increase/(decrease) in cash and cash equivalents |  | ( 887,324) |  | 1,714,633 |
Cash and cash equivalents at beginning of year |  | 2,331,487 |  | 616,854 |
|  | _______ |  | _______ |
Cash and cash equivalents at end of year |  | 1,444,163 |  | 2,331,487 |
|  | _______ |  | _______ |

Gold 22 (UK) Limited
Notes to the financial statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 15a Alperton Lane, Perivale, Greenford, Middlesex, UB6 8DH.
Principal Activities
The principal activities of the company is that of wholesale and retail sale of perfume and cosmetics.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors consider that in preparing the financial statements, they have taken into account all the information that could reasonably be expected to be available together with their continued support to the company. On this basis the directors consider that it is appropriate to prepare the financial statements on a going concern basis.These financial statements do not include any adjustments that would result if the company would cease trading.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to profit or loss.
Research and development
Research expenditure is written off in the year in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Hire purchase and finance leases
Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Turnover
Turnover arises from:

|  |  | 2025 | 2024
|  |  | £ | £
| Sale of goods |  | 16,663,924 | 16,743,763
|  |  | _______ | _______

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.
5. Other operating income

|  |  | 2025 | 2024
|  |  | £ | £
| Other operating income |  | - | 45,858
|  |  | _______ | _______

6. Operating profit
Operating profit is stated after charging/(crediting):

|  |  |  | 2025 | 2024
|  |  |  | £ | £
| Depreciation of tangible assets |  |  | 43,852 | 19,851
| Impairment of trade debtors |  |  | 15,494 | 37,247
| Research and development expenditure written off |  |  | 8,875 | 233,194
| Foreign exchange differences |  |  | - | 1,538
| Fees payable for the audit of the financial statements |  |  | 12,000 | -
|  |  |  | _______ | _______

7. Staff costs
The average number of persons employed by the company during the year, including the directors, amounted to:

|  |  | 2025 | 2024
| Production staff |  | 25 | 21
| Distribution staff |  | 11 | 10
| Administrative staff |  | 11 | 11
|  |  | _______ | _______
|  |  | 47 | 42
|  |  | _______ | _______

The aggregate payroll costs incurred during the year were:

|  |  | 2025 | 2024
|  |  | £ | £
| Wages and salaries |  | 1,545,537 | 1,025,745
| Social security costs |  | 159,568 | 95,636
| Other pension costs |  | 3,249 | 166
|  |  | _______ | _______
|  |  | 1,708,354 | 1,121,547
|  |  | _______ | _______

8. Employee numbers
The average number of persons employed by the company during the year amounted to 47 (2024: 42 ).
9. Other interest receivable and similar income

|  |  | 2025 | 2024
|  |  | £ | £
| Bank deposits |  | 29,742 | 8,024
|  |  | _______ | _______

10. Interest payable and similar expenses

|  |  |  | 2025 | 2024
|  |  |  | £ | £
| Bank loans and overdrafts |  |  | 20,307 | 8,721
| Other loans made to the company: |  |  |  |
|  | Finance leases and hire purchase contracts |  | 7,027 | -
| Other interest payable and similar expenses |  |  | - | 4,276
|  |  |  | _______ | _______
|  |  |  | 27,334 | 12,997
|  |  |  | _______ | _______

11. Tax on profit
Major components of tax expense

|  |  | 2025 | 2024
|  |  | £ | £
| Current tax: |  |  |
| UK current tax expense |  | 278,486 | 668,770
| Adjustments in respect of previous periods |  | ( 138,116) | ( 40,832)
|  |  | _______ | _______
| Total current tax |  | 140,370 | 627,938
| Deferred tax: |  |  |
| Origination and reversal of timing differences |  | 151,068 | -
|  |  | _______ | _______
| Tax on profit |  | 291,438 | 627,938
|  |  | _______ | _______

Reconciliation of tax expense
The tax assessed on the profit for the year is higher than (2024: lower than) the standard rate of corporation tax in the UK of 25.00 % (2024: 25.00%).

|  |  | 2025 | 2024
|  |  | £ | £
| Profit before taxation |  | 1,130,231 | 2,688,855
|  |  | _______ | _______
| Profit multiplied by rate of tax |  | 282,558 | 672,214
| Adjustments in respect of prior periods |  | ( 138,116) | ( 40,832)
| Effect of expenses not deductible for tax purposes |  | - | 6,492
| Effect of capital allowances and depreciation |  | ( 4,072) | ( 9,936)
| Originating and reversal of timing differences |  | 151,068 | -
|  |  | _______ | _______
| Tax on profit |  | 291,438 | 627,938
|  |  | _______ | _______

12. Earnings per share
Basic earnings/(loss) per share
The earnings/(loss) and weighted average number of shares used in the calculation of basic earnings/(loss) per share are as follows:

|  |  | 2025 | 2024
|  |  | £ | £
| Profit for the year attributable to the owners of the company |  | 838,793 | 2,060,917
|  |  | _______ | _______

Diluted earnings/(loss) per share
The earnings/(loss) and weighted average number of shares used in the calculation of diluted earnings/(loss) per share are as follows:

|  |  | 2025 | 2024
|  |  | £ | £
| Earnings/(loss) used in calculation of basic earnings/(loss) per share |  | 838,793 | 2,060,917
|  |  | _______ | _______

13. Dividends
Equity dividends

|  |  | 2025 | 2024
|  |  | £ | £
| Dividends proposed before the year end and recognised as a liability |  | - | 2,000,000

_______ | _______ |
14. Tangible assets

|  | Plant and machinery | Fixtures, fittings and equipment | Total |  |  |  |
|  | £ | £ | £ |  |  |  |
| Cost |  |  |  |  |  |  |
| At 1 April 2024 | 272,691 | 47,521 | 320,212 |  |  |  |
| Additions | 527,545 | 33,469 | 561,014 |  |  |  |
|  | _______ | _______ | _______ |  |  |  |
| At 31 March 2025 | 800,236 | 80,990 | 881,226 |  |  |  |
|  | _______ | _______ | _______ |  |  |  |
| Depreciation |  |  |  |  |  |  |
| At 1 April 2024 | 73,755 | 33,289 | 107,044 |  |  |  |
| Charge for the year | 36,223 | 7,628 | 43,851 |  |  |  |
|  | _______ | _______ | _______ |  |  |  |
| At 31 March 2025 | 109,978 | 40,917 | 150,895 |  |  |  |
|  | _______ | _______ | _______ |  |  |  |
| Carrying amount |  |  |  |  |  |  |
| At 31 March 2025 | 690,258 | 40,073 | 730,331 |  |  |  |
|  | _______ | _______ | _______ |  |  |  |
| At 31 March 2024 | 198,936 | 14,232 | 213,168 |  |  |  |
|  | _______ | _______ | _______ |  |  |  |

15. Investments

|  | Shares in group undertakings | Total |  |  |  |
|  | £ | £ |  |  |  |
| Cost |  |  |  |  |  |
| At 1 April 2024 | 996 | 996 |  |  |  |
| Additions | 200 | 200 |  |  |  |
|  | _______ | _______ |  |  |  |
| At 31 March 2025 | 1,196 | 1,196 |  |  |  |
|  | _______ | _______ |  |  |  |
| Impairment |  |  |  |  |  |
| At 1 April 2024 and 31 March 2025 | - | - |  |  |  |
|  | _______ | _______ |  |  |  |
| Carrying amount |  |  |  |  |  |
| At 31 March 2025 | 1,196 | 1,196 |  |  |  |
|  | _______ | _______ |  |  |  |
| At 31 March 2024 | 996 | 996 |  |  |  |
|  | _______ | _______ |  |  |  |

| Investments in group undertakings |  |  |  |
|  |  | Registered office | Class of share | Percentage of shares
| Subsidiary undertakings |  |  |  |
| Gold 22 India Private Limited |  | 27-29/C Ushakiran Apartment Sardarnagar Main Road Rajkot 360001 India | Ordinary shares | 100
| Nature Spell Inc |  | Northwest registered Agent LLC 418 Broadway Ste N Albany NY 12207 | Ordinary shares | 100

16. Stocks

|  |  | 2025 | 2024
|  |  | £ | £
| Finished goods and goods for resale |  | 3,766,733 | 2,757,127
|  |  | _______ | _______

17. Debtors

|  |  | 2025 | 2024
|  |  | £ | £
| Trade debtors |  | 709,318 | 860,074
| Prepayments and accrued income |  | 304,239 | 232,877
| Other debtors |  | 1,121,023 | 861,464
|  |  | _______ | _______
|  |  | 2,134,580 | 1,954,415
|  |  | _______ | _______

18. Creditors: amounts falling due within one year

|  |  | 2025 | 2024
|  |  | £ | £
| Bank loans and overdrafts |  | 183,913 | 30,200
| Trade creditors |  | 2,177,313 | 2,781,217
| Corporation tax |  | 278,486 | 863,554
| Social security and other taxes |  | 624,678 | 470,950
| Obligations under finance leases |  | 88,869 | -
| Dividends payable |  | 1,675,000 | 2,000,000
| Other creditors |  | 638,400 | 330,996
|  |  | _______ | _______
|  |  | 5,666,659 | 6,476,917
|  |  | _______ | _______

19. Creditors: amounts falling due after more than one year

|  |  | 2025 | 2024
|  |  | £ | £
| Bank loans and overdrafts |  | 240,611 | 74,117
| Obligations under finance leases |  | 340,664 | -
|  |  | _______ | _______
|  |  | 581,275 | 74,117
|  |  | _______ | _______

The company has provided debenture including Fixed Charge over all present freehold and leasehold property; First Fixed Charge over book and other debts, chattels, goodwill and uncalled capital, both present and future; and First Floating Charge over all assets and undertaking both present and futuredated 07 October 2024
20. Obligations under finance leases
Company lessee
The total future minimum lease payments under finance lease agreements are as follows:

|  |  | 2025 | 2024
|  |  | £ | £
| Not later than 1 year |  | 88,869 | 88,869
| Later than 1 year and not later than 5 years |  | 340,664 | 251,795
|  |  | _______ | _______
|  |  | 429,533 | 340,664
|  |  | _______ | _______
| Present value of minimum lease payments |  | 429,533 | 340,664
|  |  | _______ | _______

21. Provisions

|  | Deferred tax (note 22) | Total |  |  |
|  | £ | £ |  |  |
| At 1 April 2024 | - | - |  |  |
| Additions | 151,068 | 151,068 |  |  |
|  | _______ | _______ |  |  |
| At 31 March 2025 | 151,068 | 151,068 |  |  |
|  | _______ | _______ |  |  |

22. Deferred tax
The deferred tax included in the statement of financial position is as follows:

|  |  | 2025 | 2024
|  |  | £ | £
| Included in provisions (note 21) |  | 151,068 | -
|  |  | _______ | _______

The deferred tax account consists of the tax effect of timing differences in respect of:

|  |  | 2025 | 2024
|  |  | £ | £
| Accelerated capital allowances |  | 151,068 | -
|  |  | _______ | _______

23. Employee benefits
The amount recognised in profit or loss in relation to defined contribution plans was £ 3,249 (2024: £ 166 ).
24. Financial instruments
Financial instruments carried on the statement of financial position include cash and cash equivalents, borrowings and accruals. The particular recognition methods adopted are disclosed in the individual policy statements associated with each item.
25. Called up share capital
Issued, called up and fully paid

|  |  | 2025 |  |  |  | 2024 |  |
|  |  | No |  | £ |  | No |  | £
| Ordinary shares shares of £ 1.00 each |  | 100 |  | 100 |  | 100 |  | 100
|  |  | _______ |  | _______ |  | _______ |  | _______

Called up share capital represents the nominal value of shares that have been issued.
26. Reserves
The profit & loss reserves include all current and prior years retained profit and losses
27. Analysis of changes in net debt

|  | At 1 April 2024 | Cash flows | At 31 March 2025 |  |  |
|  | £ | £ | £ |  |  |
| Cash and cash equivalents | 2,331,487 | (887,324) | 1,444,163 |  |  |
| Debt due within one year | (30,200) | (242,582) | (272,782) |  |  |
| Debt due after one year | (74,117) | (507,158) | (581,275) |  |  |
|  | _______ | _______ | _______ |  |  |
|  | 2,227,170 | ( 1,637,064) | 590,106 |  |  |
|  | _______ | _______ | _______ |  |  |

28. Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:

| £ | £
Not later than 1 year | 157,295 | 157,295
Later than 1 year and not later than 5 years | 629,180 | 629,180
Later than 5 years | 629,180 | 786,475
| _______ | _______
| 1,415,655 | 1,572,950
| _______ | _______

29. Related party transactions
At the year end the company was owed 1,088,862 (31 March 2024 - £) from companies within the group.In addition the company made sales of £XXX to all transactions have been carried out at arm's length.