REGISTERED NUMBER: 06886175 (England and Wales)

ABRIDGED AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

ANDANA FOODS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms M L Panayiotis

Mr J J Juan Fernandez

REGISTERED OFFICE:

c/o Michael Filiou Ltd

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

REGISTERED NUMBER:

06886175 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mrs Louise Clark ACA

AUDITORS:

Dains Audit Limited

Statutory Auditor and Chartered Accountants

Suite 2, Albion House

2 Etruria Office Village

Forge Lane

Stoke on Trent

Staffordshire

ST1 5RQ

FIXED ASSETS

Tangible assets

5

112,559

125,778

CURRENT ASSETS

Stocks

136,782

109,980

Debtors

1,613,094

1,429,149

Cash at bank and in hand

538,954

512,556

2,288,830

2,051,685

CREDITORS

Amounts falling due within one year

1,449,933

1,491,231

NET CURRENT ASSETS

838,897

560,454

TOTAL ASSETS LESS CURRENT LIABILITIES

951,456

686,232

PROVISIONS FOR LIABILITIES

7

25,998

11,985

NET ASSETS

925,458

674,247

CAPITAL AND RESERVES

Called up share capital

8

202

202

Share premium

108,000

108,000

Retained earnings

817,256

566,045

SHAREHOLDERS' FUNDS

925,458

674,247

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2026 and were signed on its behalf by:

Ms M L Panayiotis - Director

Mr J J Juan Fernandez - Director

1.	STATUTORY INFORMATION

Andana Foods 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.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

There were no judgements and estimates that had significant effect on the amounts recognised in the financial statements.

Turnover

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

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties.

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid and final equity dividends are recognised when approved by the shareholders at an annual general meeting.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 15 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2025

183,592

Additions

47,529

Disposals

(59,600

)

At 31 December 2025

171,521

DEPRECIATION

At 1 January 2025

57,814

Charge for year

27,690

Eliminated on disposal

(26,542

)

At 31 December 2025

58,962

NET BOOK VALUE

At 31 December 2025

112,559

At 31 December 2024

125,778

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

115,722

95,416

Between one and five years

394,445

70,753

510,167

166,169

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred taxation -

accelerated capital allowances

25,998

11,985

25,998

11,985

Deferred

tax

£

Balance at 1 January 2025

11,985

Provided during year

14,013

Accelerated capital allowances

Balance at 31 December 2025

25,998

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

202

Ordinary

£1

202

202

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors on the financial statements for the period ended 31 December 2025 was unqualified.

The audit report was signed on 15 May 2026 by Mrs Louise Clark ACA (Senior Statutory Auditor) for and on behalf of Dains Audit Limited.

10.	RELATED PARTY DISCLOSURES

Vicky Foods Products S.L.U

Vicky Foods Products S.L.U. is the immediate parent company registered in Spain. During the period, the company purchased goods of £7,319,925 (2024 - £7,498,792) from and invoiced commissions of £5,818 (2024 - £14,434) to Vicky Foods Products S.L.U. at arm's length basis. At the reporting date, the company owed a net amount of £1,273,183 (2024 - £1,170,068) to Vicky Foods Products S.L.U.

Dulchalon S.A.S.

Dulchalon S.A.S. is a fellow group subsidiary company registered in France. During the period, the company purchased goods of £689,888 (2024 - £Nil) from Dulchalon S.A.S. at arm's length basis. At the reporting date, the company owed a net amount of £50,932 (2024 - £Nil) to Dulchalon S.A.S.

11.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Juan Y Juan S.L., a company incorporated and registered in Spain with number B46012324, as it holds 100% shareholding in Vicky Foods Products S.L.U.

Vicky Foods Products S.L.U., a company incorporated and registered in Spain with number B96694823, is the immediate parent company by virtue of the fact that it owns 50.5% of the issued share capital of Andana Foods Limited.