Andice Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11650325

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,036,367		976,475

			1,036,367		976,475
CURRENT ASSETS
Debtors	5	17,886		14,313
Cash at bank and in hand		37,154		120,636

		55,040		134,949
Creditors: Amounts Falling Due Within One Year	6	(810,614 )		(935,891 )

NET CURRENT ASSETS (LIABILITIES)			(755,574 )		(800,942 )

TOTAL ASSETS LESS CURRENT LIABILITIES			280,793		175,533

Creditors: Amounts Falling Due After More Than One Year	7		(707,884 )		(486,833 )

NET LIABILITIES			(427,091 )		(311,300 )

CAPITAL AND RESERVES
Called up share capital	8		1,000		1,000
Profit and Loss Account			(428,091 )		(312,300 )

SHAREHOLDERS' FUNDS			(427,091)		(311,300)

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Andice Ltd

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Miss Zarina Shah

Director

27/03/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Andice Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11650325 . The registered office is Office 567, 321-323 High Road, Chadwell Heath, Essex, RM6 6AX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.

The financial statements have been prepared on a going concern basis even through at the balance sheet date the company had net (liabilities) amounting to (£427,091) 2024: (£311,300) and incurred a net (loss) after tax of (£115,791) 2024:(£15,713) .

The directors have concluded that a material uncertainly exists that cast’s significant doubt

upon the company's ability to continue as a going concern and that, therefore, the company

may be unable to realise its assets and discharge its liabilities in the normal course of

business.

However, the shareholders have expressed their willingness to provide financial support for

the next 12 months as from the date of approval of the financial statements in order for the

company to meet its current liabilities, therefore the directors continue to adopt the going

concern basis of accounting.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% over life of property
Plant & Machinery	15% on reducing balance
Fixtures & Fittings	15% on reducing balance

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Andice Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Land & Property
	Freehold	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 November 2024	1,062,350	51,800	1,114,150
Additions	86,100	802	86,902

As at 31 October 2025	1,148,450	52,602	1,201,052

Depreciation
As at 1 November 2024	112,010	25,665	137,675
Provided during the period	22,969	4,041	27,010

As at 31 October 2025	134,979	29,706	164,685

Net Book Value
As at 31 October 2025	1,013,471	22,896	1,036,367

As at 1 November 2024	950,340	26,135	976,475

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Andice Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	2,190	10,617
Prepayments and accrued income	12,000	-
Misc debtors	2,696	2,696
Called up share capital not paid	1,000	1,000

	17,886	14,313

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	(52 )	(4,597 )
Bank loans and overdrafts	27,085	27,085
Other taxes and social security	546	368
M&S Credit card	(2 )	(2 )
Misc creditors	2,237	2,237
Accruals and deferred income	800	800
Director's loan account	780,000	910,000

	810,614	935,891

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	707,884	486,833

8. Share Capital

	2025	2024
	£	£
Called Up Share Capital not Paid	1,000	1,000

Amount of Allotted, Called Up Share Capital	1,000	1,000

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