REGISTERED NUMBER: 06212034 (England and Wales)

Report of the Directors and

Financial Statements for the Year Ended 31 March 2026

for

Yardley of London Limited

Page

Company Information

1

Report of the Directors

2

Report of the Independent Auditors

4

Income Statement

8

Balance Sheet

9

Statement of Changes in Equity

10

Notes to the Financial Statements

11

DIRECTORS:

Nagender Arya

Deepak Chandran

REGISTERED OFFICE:

6th Floor,

9 Appold Street,

London

EC2A 2AP

REGISTERED NUMBER:

06212034 (England and Wales)

AUDITORS:

Shah Dodhia & Co

173 Cleveland Street

London

W1T 6QR

The directors present their report with the financial statements of the company for the year ended 31 March 2026.

REVIEW OF BUSINESS

The principal activity of the company is the distribution and trading of home and personal care products.

The turnover for the year increased significantly by 16% to £4,691,126 (2025: £4,055,469).

The profit for the year, after taxation, amounted to £139,642 (2025 - loss of £627,296).

The Directors have assessed the going concern assumptions of the entity for the next 12 months from the date of approval of these financials. Accordingly, the Directors believe that there is no doubt on the entities ability to continue as a going concern. Further details of going concern assumptions can be found in the accounting policies forming part of these financial statements.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors consider that the financial risks relevant to the company are credit risk, cash flow risk and liquidity risk. The company's credit risk is primarily attributable to its trade debtors. The company's cash flow risk is primarily attributable to its exposure to fluctuations in foreign currency exchange rates.

The company faces strong competition from cheaper, often "dupe" brands that replicate popular scents. The lack of strong legal protection for original formulations is a significant threat.The company has moved its powders formula from talc to maize flour formula-based products.

The client has moved its production to Indonesia from local UK vendors for significant SKUs for cost benefits.

There is growing pressure from customers for more sustainable, "green," and ethically sourced products, which can require changes to supply chains and production methods. These changes can require significant investment in reformulation, compliance, and new safety assessments. Further, new regulations, such as the EU's Chemicals Strategy for Sustainability (CSS), are leading to more stringent rules on chemical ingredients used in fragrances. However the Directors and Senior leadership team are closely monitoring the situation to be able to manage this risk.

KEY PERFORMANCE INDICATOR

The key performance indicators that management monitors are turnover, gross margin and the operating result, which are set out in Page 8 of this report.

The wider group under parent company Wipro Enterprises Private Limited, has considerable financial resources together with long term contracts with a number of customers across different geographic areas and industries. As a consequence, the directors believe that the company is well placed to manage its business risks successfully due to management of its order book and support from the parent company.

DIRECTORS

Nagender Arya has held office during the whole of the period from 1 April 2025 to the date of this report.

Other changes in directors holding office are as follows:

Deepak Chandran - appointed 1 October 2025

POLITICAL DONATIONS AND EXPENDITURE

The company did not make any political donations or incurred any political expenditure in the year (2025: £Nil).

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing 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;

-	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 auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Nagender Arya - Director

13 October 2026

Opinion

We have audited the financial statements of Yardley of London Limited (the 'company') for the year ended 31 March 2026 which comprise the Income Statement, 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 31 March 2026 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 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 Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Directors 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 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; or

-	the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, 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. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- We made enquires of the directors' policies and procedures to prevent and detect fraud, as well as, whether they have knowledge of any actual, suspected or alleged fraud.

- We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates through discussion with directors and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud.

- We designed audit procedures including analytical procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion;

- The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, UK tax legislation, data protection, anti-money laundering, employment, environmental and health and safety legislation;

- We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

- Identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards, For example, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it.

The company is subject to many laws and regulations where non compliance could have a material effect in the financial statements, e.g. health and safety, employment law, anti-bribery, certain aspects of company legislation recognising the nature of the company's activities and its legal form. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the directors and other management and inspection of regulatory and legal correspondence, if any. Therefore if a breach of operational regulations is not disclosed to us or evident from relevant correspondence, an audit will not detect that breach.

In addition, as with any audit, there remained a higher risk of non-detecting of fraud, as these may involve collusion, forgery, intentional omission, misrepresentations or the override of internal controls. Our audit procedures are designed to detect material misstatement, We are not responsible for preventing non compliance or fraud and cannot be expected to detect non compliance with all laws and regulations.

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.

Satishchandra Baburaj Shah (Senior Statutory Auditor)

for and on behalf of Shah Dodhia & Co

173 Cleveland Street

London

W1T 6QR

15 October 2026

TURNOVER

4,691,126

4,055,469

Cost of sales

2,850,407

2,915,030

GROSS PROFIT

1,840,719

1,140,439

Administrative expenses

1,563,786

1,717,618

OPERATING PROFIT/(LOSS)

4

276,933

(577,179

)

Interest receivable and similar income

632

82,587

277,565

(494,592

)

Interest payable and similar expenses

137,923

132,704

PROFIT/(LOSS) BEFORE TAXATION

139,642

(627,296

)

Tax on profit/(loss)

6

-

-

PROFIT/(LOSS) FOR THE FINANCIAL YEAR

139,642

(627,296

)

FIXED ASSETS

Intangible assets

7

19,491

-

Tangible assets

8

7,914

13,283

27,405

13,283

CURRENT ASSETS

Stocks

1,327,485

1,029,705

Debtors

9

910,177

718,543

Cash at bank

806,391

1,205,085

3,044,053

2,953,333

CREDITORS

Amounts falling due within one year

10

594,675

839,250

NET CURRENT ASSETS

2,449,378

2,114,083

TOTAL ASSETS LESS CURRENT LIABILITIES

2,476,783

2,127,366

CREDITORS

Amounts falling due after more than one year

11

(2,916,502

)

(2,806,163

)

PROVISIONS FOR LIABILITIES

12

(468,855

)

(369,419

)

NET LIABILITIES

(908,574

)

(1,048,216

)

CAPITAL AND RESERVES

Called up share capital

13

4,434,722

4,434,722

Retained earnings

14

(5,343,296

)

(5,482,938

)

SHAREHOLDERS' FUNDS

(908,574

)

(1,048,216

)

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

The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2026 and were signed on its behalf by:

Nagender Arya - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2024

4,434,722

(4,855,642

)

(420,920

)

Changes in equity

Deficit for the year

-

(627,296

)

(627,296

)

Total comprehensive income

-

(627,296

)

(627,296

)

Balance at 31 March 2025

4,434,722

(5,482,938

)

(1,048,216

)

Changes in equity

Profit for the year

-

139,642

139,642

Total comprehensive income

-

139,642

139,642

Balance at 31 March 2026

4,434,722

(5,343,296

)

(908,574

)

1.	STATUTORY INFORMATION

Yardley of London Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Critical accounting judgements and key sources of estimation uncertainty

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.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

The judgements (apart from these involving estimations) that management has made in the process of applying the entity's accounting policies and that have the significant effect on the amounts recognised in the financial statements are as follows:

Provision of slow moving and obsolete stock - The directors have adopted group policy for provision for slow moving stock which at 31 March 2026 was £24,332 (2025: £273,743).

Provision of bad debts - The directors have adopted group policy for provision for bad debts which at 31 March 2026 was £155,920 (2025: £173,595).

Provision of trade scheme and sales promotion - The company has trade schemes and sales promotions with its customers, including rebates, discounts and promotional allowances. At the year end, management estimates the amount still owed to customers under these schemes. The estimate is based on the terms agreed with each customer, sales volumes to date, and management's past experience and expertise. The provision at 31 March 2026 was £468,855 (2025: £369,419).

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Intangible assets

Intangible assets comprise trademarks acquired separately from third parties. They are initially recognised at cost, being the purchase price and any directly attributable costs of preparing the asset for its intended use.

After initial recognition, intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation is charged to administrative expenses in the profit and loss account. It is calculated to write off the cost of the asset, less its estimated residual value, on a straight-line basis over its estimated useful life as follows:

Trademarks - 10 years straight line

Amortisation starts when the asset is available for use. The directors are unable to make a reliable estimate of the useful life of the trademarks, so they have estimated it at 10 years.

If there is an indication that the useful life or residual value of an intangible asset has changed significantly, the amortisation is revised prospectively to reflect the new expectations. At each reporting date the directors assess whether there is any indication that an intangible asset may be impaired. If there is, the recoverable amount of the asset is estimated and compared to its carrying amount. Any impairment loss is recognised immediately in profit or loss.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases, with a full year depreciation charge in the year of acquisition :

Short leasehold

Over the term of lease

Plant and machinery

2 years

Fixtures, fittings and equipments

4-5 years

Computer equipment

4 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stock are stated at the lower of cost and estimated selling price less costs to complete and sell, after making allowances for obsolete and slow-moving stocks. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stock to their present location and condition.

Stock held for distribution at no or nominal consideration are measured at cost, adjusted where applicable for any loss of service potential.

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

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period.

Going concern

Yardley of London Limited made a profit for the year of £139,642 (2025: loss of £627,296) and had net liabilities of £908,574 at the Balance Sheet date (2025: net liabilities of £1,048,216).

Included within creditors falling due after more than one year is a loan of £2,916,502 (2025: £2,806,163) due to Wipro Unza Holdings Limited, a fellow group company. The loan is unsecured, bears interest at one month term SONIA plus a margin of 1.1% per annum, and is not repayable until 1 July 2028, being more than 12 months from the date of approval of these financial statements.

The Directors have performed their going concern assessment of the company for a period of at least 12 months from the date of approval of these financial statements. This assessment is based on forecasts prepared by the directors and continuing financial support from the ultimate holding company 'Wipro Enterprises Private Limited'. On this basis, the Directors' considers that the company will have adequate resources to continue in operational existence for a period of at least 12 months from the date of approval of these financial statements. Accordingly, the financial statements have been prepared on going concern basis.

Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities if any.

Financial Instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

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

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

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at the amount receivable and subsequently adjusted for any impairment or other change in consideration expected to be received on settlement.

Basic financial liabilities

Basic financial liabilities, including trade and other payables, are initially measured at the amount payable and subsequently adjusted for any change in consideration expected to be paid on settlement.

Provisions

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

Trade scheme provisions

Trade scheme provisions represent overriders and other marketing discounts that are expected to be utilised in the following year.

Cash flow statements

The Company has taken advantage of the exemption conferred by Financial Reporting Standard 102, Section 1A not to prepare a cash flow statement on the basis it is classified as a small entity under the Companies Act 2006.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2025 - 9 ) .

2026

2025

£

£

Wages and salaries

420,184

428,216

Social security costs

52,635

48,823

Other pension costs

11,453

13,685

---------------

--------------

484,272

490,724

=======

=======

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

2026

2025

Administrative staff

9

9

=====

=====

4.	OPERATING PROFIT/(LOSS)

The operating profit (2025 - operating loss) is stated after charging:

2026

2025

£

£

Depreciation - owned assets

6,119

5,370

Trademarks amortisation

1,676

-

5.	AUDITORS' REMUNERATION

2026

2025

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

26,905

18,710

Total audit fees

26,905

18,710

6.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose for the year ended 31 March 2026 nor for the year ended 31 March 2025.

Factor affecting the tax charge for the year

The company had a taxable profit of £33,688 after tax adjustments. This taxable profit has been fully relieved by trading losses brought forward from prior years, resulting in no corporation tax liability for the year. No deferred tax asset has been recognised in respect of the company's remaining unused tax losses of £5,147,672 (2025: £5,044,069), as the directors do not consider it probable at this time that there will be sufficient future taxable profits against which the losses can be relieved.

7.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

21,167

At 31 March 2026

21,167

AMORTISATION

Charge for year

1,676

At 31 March 2026

1,676

NET BOOK VALUE

At 31 March 2026

19,491

8.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2025

58,950

112,580

171,530

Additions

-

750

750

Disposals

(58,950

)

-

(58,950

)

At 31 March 2026

-

113,330

113,330

DEPRECIATION

At 1 April 2025

58,950

99,297

158,247

Charge for year

-

6,119

6,119

Eliminated on disposal

(58,950

)

-

(58,950

)

At 31 March 2026

-

105,416

105,416

NET BOOK VALUE

At 31 March 2026

-

7,914

7,914

At 31 March 2025

-

13,283

13,283

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

696,576

471,973

Amounts owed by group undertakings

34,675

60,382

Other debtors

178,926

186,188

910,177

718,543

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

3,761

263,980

Amounts owed to group undertakings

265,992

351,460

Taxation and social security

15,887

10,763

Other creditors

309,035

213,047

594,675

839,250

Amounts owed to group undertakings are unsecured, interest free and there are no formal terms of repayment.

11.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Amounts owed to group undertakings

2,916,502

2,806,163

The amount owed to group undertaking represents a loan received from a related company during 2025. Interest is payable at one month term SONIA plus a margin of 1.1% p.a. The loan is unsecured and is fully repayable by 1st July 2028.

12.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Other provisions

Sales promotion & trade scheme

468,855

369,419

Other

provisions

£

Balance at 1 April 2025

369,419

Movement in the year

99,436

Balance at 31 March 2026

468,855

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

4,434,722

Ordinary shares

£1

4,434,722

4,434,722

14.

RESERVES

Retained

earnings

£

At 1 April 2025

(5,482,938

)

Profit for the year

139,642

At 31 March 2026

(5,343,296

)

15.	RELATED PARTY DISCLOSURES

During the year related party transactions took place with the following parties: Wipro Yardley FZE and Wipro Enterprises Cyprus Ltd which are the parent undertakings, Wipro Enterprises Private Limited which is the ultimate parent undertaking and other group companies. The amounts due from/(to) these companies at 31 March 2026 are as below:

2026 (£

)

2025(£

)

Wipro Enterprises Private Limited

(8,845

)

(8,672

)

Wipro Yardley FZE

(33,536

)

(79,795

)

Wipro Enterprises Cyprus Limited

-

25,706

Wipro Enterprises Private Limited (Corporate)

(4,474

)

(4,474

)

Wipro Unza Holdings Limited

-

(5,256

)

Shanghai Wocheng Trading Development Co Ltd

34,675

34,675

PT UNZA Vitalis

(204,917

)

(253,263

)

Wipro IT Services UK Societas

(14,220

)

-

Wipro Unza Holdings Limited-interest bearing loan

(2,916,502

)

(2,806,163

)

16.	CONTROLLING PARTY

The immediate parent companies are Wipro Yardley FZE, a company registered in United Arab Emirates and Wipro Enterprise Cyprus Ltd, a company registered in Cyprus. The ultimate parent company is Wipro Enterprises Private Limited, a company registered in India.

Wipro Enterprises Private Limited prepares group accounts and copies can be obtained on its website www.wipro.com or by writing to the company secretary at Wipro Enterprises Private Limited, C Block, CCLG Division, Doddakannelli, Sarjapur Road, Bangalore, 560035, India.

In the opinion of the directors, Azim Premji is the ultimate controlling party.

17.	OTHER FINANCIAL COMMITMENTS

The total future minimum lease payments under non-cancellable operating leases is £1,688 (2025: £1,098).