Asian Traders Ltd

Registered number

06727904

Asian Traders Ltd

Report and Financial Statements

31 March 2026

Asian Traders Ltd
Report and accounts
Contents




Page

Company information	1
Directors' report	2-3
Strategic report	4-5
Independent auditor's report	6-8
Income statement	9
Statement of comprehensive income	10
Statement of financial position	11
Statement of changes in equity	12
Statement of cash flows	13
Notes to the financial statements	14-22

Asian Traders Ltd

Company Information

Directors

Mr Chetan Thakkar

Mrs Hetal Thakkar

Mr Savinder Singh

Mr Joginder Singh

Secretary

Mrs Hetal Thakkar

Auditors

RDH Accountants Limited

21 High Street

Harrow on the Hill

Harrow

Middlesex

HA1 3HT

Bankers

National Westminster Bank Plc

Ground Floor

1 Lotus Park

Staines

Middlesex

TW18 3AD

Registered office

Unit 5a, Silverdale Industrial Estate

Silverdale Road

Hayes

Middlesex

UB3 3BL

Registered number

06727904

Asian Traders Ltd
Registered number:		06727904
Directors' Report

The directors present their report and financial statements for the year ended 31 March 2026.

Principal activities
The company's principal activity during the year continued to be that of wholesale distribution of Asian food products. There have been no changes in the company's activities in the year under review.

Future developments
In accordance with section 414C(11) of the Companies Act 2006, information on the likely future developments in the company's business is set out in the Strategic Report.

Dividends
No dividends were paid or proposed during the year.

Directors
The following persons served as directors during the year:

	Mr Chetan Thakkar
	Mrs Hetal Thakkar
	Mr Savinder Singh
	Mr Joginder Singh

Directors' responsibilities

The directors are responsible for preparing the report and 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 (Financial Reporting Standard 102 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 estimates that are reasonable and prudent;
●	state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
●	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


Disclosure of information to auditors

Each person who was a director at the time this report was approved 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 the steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.


Auditors
The auditors, RDH Accountants Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006


This report was approved by the board on 22 September 2026 and signed on its behalf.




Mr Chetan Thakkar
Director

Asian Traders Ltd
Strategic Report

The directors present their strategic report for the year ended 31 March 2026.

Review of the business

During the year, the company continued to trade in the wholesale distribution of Asian foods from its warehouse. In addition to warehouse sales, the company delivers products to customers through its own fleet of vehicles, which provides it with a competitive advantage. Turnover was lower than in the prior year, which had benefited from an exceptional level of sales. The decline was mainly due to challenging market conditions and increased competition. Despite this, the gross profit margin improved, reflecting better purchasing and pricing. Administrative expenses increased, mainly because rent became payable on the company's warehouse premises during the year and staff costs rose. As a result, operating profit was lower than in the prior year, although the company remained profitable. The company remains financially strong, with increased net assets, healthy cash balances and no borrowings. The directors continue to focus on operational efficiency, cost control and customer relationships, and on securing new business to expand the customer base.
The key performance indicators used by management are as follows :
	2026	2025
	£	£
Turnover	14,553,906	15,577,929
Gross profit	3,843,968	3,877,405
Gross profit margin	26%	25%
Operating profit	2,215,663	2,724,572

In addition to the above, business performance is measured using non-financial indicators such as product availability, customer returns and service levels. Given inflationary pressures, the directors continue to monitor overheads closely. As the value and quantity of inventory is critical to the business, management reviews inventory reports regularly, and stock levels were reduced during the year, helping to keep working capital under control.

Principal risks and uncertainties

The company operates in sale of food therefore its performance depends upon world harvest. In order to mitigate this risk, the company has diversified its sourcing of products. The company reduces the risk of losing customers by nurturing relationships and providing quick service. Risks are reviewed by the board and appropriate strategies are put in place to mitigate and monitor them.

Financial risk management

The main financial risks are credit risk and liquidity risk, which are monitored by the board of directors. Credit risk is managed through regular review of customer balances and credit limits. The company had no borrowings at the year end and holds significant cash balances, so its liquidity risk is low.

Financial instruments

The company's policy is to finance its operations from retained profits. The company had no bank borrowings at 31 March 2026 or 31 March 2025. Its financial instruments are cash and items such as trade debtors and trade creditors, which arise directly from its operations. The associated risks are monitored by the board of directors.

Future developments

The results for the year ended 31 March 2026 are in line with management's expectations. The directors aim to continue the management policies that have kept the company profitable and financially strong, and expect the company to continue trading satisfactorily for the foreseeable future.


This report was approved by the board on 22 September 2026 and signed on its behalf.



Mr Chetan Thakkar
Director

Asian Traders Ltd
Independent auditor's report
to the members of Asian Traders Ltd

Opinion

We have audited the financial statements of Asian Traders Ltd (the 'company') for the year ended 31 March 2026 which comprise the Income Statement, the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and notes to the financial statements, including 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 the 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;
●	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 have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
●	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
●	the financial statements are not in agreement with the accounting records and returns; or
●	certain disclosures of directors’ remuneration specified by law are not made; or
●	we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the 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:

Capability of the audit in detecting irregularities, including fraud

The objectives of our audit are to identify and assess the risks of material misstatement of the financial
statements due to fraud or error; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud or error; and to respond appropriately to those risks.

Based on our understanding of the company and industry, and through discussion with the directors and other management (as required by auditing standards), we identified the principal risks of non-compliance with laws and regulations. We considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and taxation. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to increase revenue or reduce expenditure. Audit procedures performed by the engagement team included:

• Discussions with management and assessment of known or suspected instances of non-compliance with laws and regulations (including health and safety) and fraud; and
• Assessment of identified fraud risk factors; and
• Challenging assumptions and judgements made by management in its significant accounting estimates; and
• Confirmation of related parties with management, and review of transactions throughout the period to identify any previously undisclosed transactions with related parties outside the normal course of business; and
• Review of significant and unusual transactions and evaluation of the underlying financial rationale supporting the transaction; and

• Performing analytical procedures with automated data analytics tools to identify any unusual or unexpected relationships, including related party transactions, that may indicate risks of material misstatement due to fraud; and • Identifying and testing journal entries, in particular any manual entries made at the year end for financial statement preparation. • Physical safeguarding controls for stock have been reviewed to ensure they are adequate for the business.
There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, 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. 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 auditor's 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.

A further description of our responsibilities for the audit of the financial statements is available on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.



Mr Hemal Doshi
(Senior Statutory Auditor)		21 High Street
for and on behalf of		Harrow on the Hill
RDH Accountants Limited		Harrow
Statutory Auditor		Middlesex
22 September 2026		HA1 3HT

Asian Traders Ltd
Income Statement
for the year ended 31 March 2026


Notes		2026		2025
£			£

Turnover	3	14,553,906		15,577,929

Cost of sales		(10,709,938)		(11,700,524)

Gross profit		3,843,968		3,877,405

Administrative expenses		(1,628,305)		(1,152,833)

Operating profit	4	2,215,663		2,724,572

Loss on sale of fixed assets		(856)		-
Interest receivable		12,510		18,882
Interest payable	7	(2,141)		(67,498)

Profit on ordinary activities before taxation		2,225,176		2,675,956

Tax on profit on ordinary activities	8	(559,731)		(672,416)

Profit for the financial year		1,665,445		2,003,540

Asian Traders Ltd
Statement of Comprehensive Income
for the year ended 31 March 2026


Notes	2026		2025
£		£

Profit for the financial year	1,665,445		2,003,540

Other comprehensive income

Total comprehensive income for the year	1,665,445		2,003,540

Asian Traders Ltd
Statement of Financial Position
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	9		183,436			186,208

Current assets
Stocks	10	754,553			828,667
Debtors	11	5,828,236			5,726,374
Cash at bank and in hand		2,390,845			331,610
		8,973,634			6,886,651

Creditors: amounts falling due within one year	12	(908,460)			(484,199)

Net current assets			8,065,174			6,402,452

Total assets less current liabilities			8,248,610			6,588,660


Provisions for liabilities
Deferred taxation	13		(45,859)			(51,354)

Net assets			8,202,751			6,537,306

Capital and reserves
Called up share capital	14		100			100
Profit and loss account	15		8,202,651			6,537,206

Total equity			8,202,751			6,537,306




Mr Chetan Thakkar
Director
Approved by the board on 22 September 2026

Asian Traders Ltd
Statement of Changes in Equity
for the year ended 31 March 2026

Share		Profit		Total
capital		and loss
account
£		£		£

At 1 April 2024	100		4,539,666		4,539,766

Profit for the financial year			2,003,540		2,003,540

Dividends			(6,000)		(6,000)

At 31 March 2025	100		6,537,206		6,537,306



At 1 April 2025	100		6,537,206		6,537,306

Profit for the financial year			1,665,445		1,665,445


At 31 March 2026	100		8,202,651		8,202,751

Asian Traders Ltd
Statement of Cash Flows
for the year ended 31 March 2026

Notes	2026		2025
£		£
Operating activities
Profit for the financial year	1,665,445		2,003,540

Adjustments for:
Loss on sale of fixed assets	856		-
Interest receivable	(12,510)		(18,882)
Interest payable	2,141		67,498
Tax on profit on ordinary activities	559,731		672,416
Depreciation	34,786		32,942
Decrease/(increase) in stocks	74,114		(21,693)
Increase in debtors	(101,862)		(1,870,297)
Increase/(decrease) in creditors	431,451		(403,306)
	2,654,152		462,218

Interest received	12,510		18,882
Interest paid	(2,141)		(67,498)
Corporation tax paid	(572,416)		(1,247,376)

Cash generated by/(used in) operating activities	2,092,105		(833,774)

Investing activities
Payments to acquire tangible fixed assets	(33,220)		(19,814)
Proceeds from sale of tangible fixed assets	350		-

Cash used in investing activities	(32,870)		(19,814)

Financing activities
Equity dividends paid	-		(6,000)
Repayment of loans	-		(500,000)

Cash used in financing activities	-		(506,000)

Net cash generated/(used)
Cash generated by/(used in) operating activities	2,092,105		(833,774)
Cash used in investing activities	(32,870)		(19,814)
Cash used in financing activities	-		(506,000)

Net cash generated/(used)	2,059,235		(1,359,588)

Cash and cash equivalents at 1 April	331,610		1,691,198
Cash and cash equivalents at 31 March	2,390,845		331,610

Cash and cash equivalents comprise:
Cash at bank	2,390,845		331,610


Analysis of changes in net debt	2026		2025
£		£

Cash and cash equivalents at 1 April	331,610		1,691,198
Borrowings at 1 April	-		(500,000)
Net funds/(debt) at 1 April	331,610		1,191,198

Increase/(decrease) in cash and cash equivalents	2,059,235		(1,359,588)
Cash flows from borrowings	-		500,000
Net funds/(debt) at 31 March	2,390,845		331,610
Comprising:
Cash and cash equivalents	2,390,845		331,610
Borrowings	-		-

Asian Traders Ltd
Notes to the Accounts
for the year ended 31 March 2026

1	Summary of significant accounting policies

	Basis of preparation
	The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets

	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			15% reducing balance
	Fixtures, fittings, tools and equipment			33.33% reducing balance

	Motor vehicles			15% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the weighted average cost method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. At each reporting date, stock is assessed for impairment, with stock movements tracked on a first in first out basis to identify ageing and slow-moving items. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

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

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

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Going Concern
	The financial statements have been prepared on a going concern basis.The directors continually assess the company’s ability to continue operating as a going concern. The company’s forecasts and projections, which consider reasonably possible changes in trading performance, indicate that it has sufficient resources to continue operating. This assessment is supported by the company’s trading performance since the reporting date. Having considered the company’s financial position, post-reporting-date events, and trading performance since the year-end, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and for at least 12 months from the date the financial statements are signed. Accordingly, the directors continue to adopt the going concern basis in preparing the annual financial statements.

2	Critical judgements in applying the company's accounting policies

	Judgements and key sources of estimation uncertainty
	In preparing these financial statements, the directors have made judgements, estimates and assumptions that affect the application of the company's accounting policies and the reported amounts of assets, liabilities, income and expenses. Estimates and assumptions are reviewed on an ongoing basis and are based on historical experience and other factors that are considered reasonable in the circumstances. Actual results may differ from these estimates. Revisions to estimates are recognised in the period in which the estimate is revised and in any future periods affected.

	Recoverability of amounts owed by related parties
	Other debtors include loans to related companies. These loans are unsecured, interest-free and are repayable on demand. The directors have considered the financial position of each counterparty, repayments received during and after the year, and the value of the underlying property interests held by those companies. They have concluded that the balances are fully recoverable and that no impairment is required. The directors have also judged the classification of these balances between amounts due within one year and after more than one year based on the expected timing of repayment.

	Key sources of estimation uncertainty

	Stock valuation
	Stock is stated at the lower of cost and estimated selling price less costs to complete and sell. The company trades in food products, some of which have limited shelf lives. The directors therefore estimate the provision needed for damaged, slow-moving and short-dated items, based on stock ageing, expiry dates and expected selling prices.

	Impairment of trade debtors
	The directors assess the recoverability of trade debtors on a customer-by-customer basis, considering the age of the debt, payment history and post year-end receipts. Any amounts not considered recoverable are provided for.

	Useful economic lives of tangible fixed assets
	The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. These are reassessed annually and amended when necessary to reflect current estimates, based on technological advancement, the physical condition of the assets and expected future use. See note 9 for the carrying amount of the tangible fixed assets.

3	Analysis of turnover					2026		2025
£							£

	Sale of goods					14,553,906		15,577,929

	By geographical market:

	UK					14,553,906		15,577,929


4	Operating profit					2026		2025
£							£
	This is stated after charging:

	Depreciation of owned fixed assets					34,786		32,942
	Operating lease rentals - land and buildings					300,000		-
	Auditors' remuneration for audit services					12,121		9,946
	Key management personnel compensation (including directors' emoluments)					120,639		108,000
	Carrying amount of stock sold					10,701,220		11,690,507


5	Directors' emoluments					2026		2025
£							£

	Emoluments					120,639		108,000


6	Staff costs					2026		2025
£							£

	Wages and salaries					756,804		611,340
	Social security costs					80,926		40,251
	Other pension costs					9,073		8,986
						846,803		660,577

	Average number of employees during the year					Number	Number

	Administration					8		8
	Distribution					24		24
						32		32


7	Interest payable					2026		2025
£							£

	Bank loans and overdrafts					2,141		67,498


8	Taxation					2026		2025
£							£
	Analysis of charge in period
	Current tax:
	UK corporation tax on profits of the period					565,226		672,416

	Deferred tax:
	Origination and reversal of timing differences					(5,495)		-


	Tax on profit on ordinary activities					559,731		672,416

	Factors affecting tax charge for period
	The differences between the tax assessed for the period and the standard rate of corporation tax are explained as follows:

						2026		2025
£							£
	Profit on ordinary activities before tax					2,225,176		2,675,956

	Standard rate of corporation tax in the UK					25%		25%

£							£
	Profit on ordinary activities multiplied by the standard rate of corporation tax					556,294		668,989

	Effects of:
	Expenses not deductible for tax purposes					14,427		3,427
	Capital allowances for period in excess of depreciation					(5,495)		-

	Total tax charge for period					565,226		672,416


	Factors that may affect future tax charges

9	Tangible fixed assets
				Plant and machinery		Motor vehicles		Total
				At cost		At cost
£					£		£
	Cost or valuation
	At 1 April 2025			347,072		150,071		497,143
	Additions			33,220		-		33,220
	Disposals			(5,950)		-		(5,950)
	At 31 March 2026			374,342		150,071		524,413

	Depreciation
	At 1 April 2025			240,391		70,544		310,935
	Charge for the year			22,859		11,927		34,786
	On disposals			(4,744)		-		(4,744)
	At 31 March 2026			258,506		82,471		340,977

	Carrying amount
	At 31 March 2026			115,836		67,600		183,436
	At 31 March 2025			106,681		79,527		186,208


10	Stocks					2026		2025
£							£

	Finished goods and goods for resale					754,553		828,667


11	Debtors					2026		2025
£							£

	Trade debtors					1,111,836		993,628
	Other debtors					4,696,683		4,715,914
	Prepayments and accrued income					19,717		16,832
						5,828,236		5,726,374


12	Creditors: amounts falling due within one year					2026		2025
£							£

	Trade creditors					754,072		389,069
	Corporation tax					65,226		72,416
	Other taxes and social security costs					18,495		3,467
	Other creditors					50,820		-
	Accruals and deferred income					19,847		19,247
						908,460		484,199


13	Deferred taxation					2026		2025
£							£

	Accelerated capital allowances					45,859		51,354


						2026		2025
£							£

	At 1 April					51,354		51,354
	Credited to the profit and loss account					(5,495)		-

	At 31 March					45,859		51,354



14	Share capital	Nominal		2026		2026		2025
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100


15	Profit and loss account					2026		2025
£							£

	At 1 April					6,537,206		4,539,666
	Profit for the financial year					1,665,445		2,003,540
	Dividends					-		(6,000)

	At 31 March					8,202,651		6,537,206


16	Operating lease commitments

	At the reporting date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

		Land and buildings		Land and buildings	Other		Other
		2026		2025		2026		2025
£			£		£		£
	Falling due:
	within one year	300,000		-		-		-
	within two to five years	1,200,000		-		-		-
	in over five years	1,200,000		-		-		-
		2,700,000		-		-		-

	Expensed in the year	300,000		-


	The company leases its warehouse premises at Unit 5a, Silverdale Industrial Estate, Hayes, from Saras Investment Limited, a related party, at an annual rent of £300,000. The lease was entered into during the year for a term of 10 years, commencing on 1 April 2025. There were no lease commitments at 31 March 2025.

17	Financial instruments					2026		2025
£							£

	Financial assets measured at amortised cost
	Trade debtors					1,111,836		993,628
	Other debtors					4,696,683		4,715,914
	Cash at bank and in hand					2,390,845		331,610
						8,199,364		6,041,152

	Financial liabilities measured at amortised cost
	Trade creditors					754,072		389,069
	Accruals					19,847		19,247
						773,919		408,316

	Financial assets measured at amortised cost comprise trade debtors, other debtors (including the loans to related parties disclosed in note 18) and cash at bank. Financial liabilities measured at amortised cost comprise trade creditors and accruals. Other creditors, which comprise wages payable, are short-term employee benefits accounted for under Section 28 and are therefore excluded. All of the company's financial instruments are basic financial instruments.

17	Related party transactions

	Advances to directors
	During the year the company made interest-free, unsecured loans of £35,000 each to the directors Mr Chetan Thakkar, Mrs Hetal Thakkar, Mr Joginder Singh and Mr Savinder Singh. The total amount outstanding at 31 March 2026 was £140,000 (2025: £nil). No amounts were repaid during the year and the loans were repaid in full post year end. In addition, £1,000 was advanced to and repaid by Mr Chetan Thakkar during the year.
	Other related parties
	Included in other debtors is an interest-free, unsecured loan of £2,048,862 (2025: £2,173,862) due from Saras Properties Limited, a company under common directorship in which the directors of the company hold a material interest. During the year £125,000 was repaid.
	Included in other debtors is an interest-free, unsecured loan of £1,362,159 (2025: £1,362,159) due from Abbotts Golf Course Limited, a company in which Saras Properties Limited holds a material interest. There were no movements on this loan during the year.
	Included in other debtors is an interest-free, unsecured loan of £98,400 (2025: £113,400) due from Property Direct England Limited, a company in which the directors of the company hold a material interest. During the year £15,000 was repaid. The company also paid expenses of £1,121 on its behalf, which were reimbursed in full during the year.
	Included in other debtors is an interest-free, unsecured loan of £830,443 (2025: £1,033,043) due from JCS Investments Limited, a company registered in the Emirate of Dubai, United Arab Emirates, in which the shareholders of the company hold a material interest. During the year £202,600 was repaid.
	Included in other debtors is £170 (2025: £170) due from The Blend Master Company Ltd, a company of which Mr Savinder Singh, a director of the company, is also a director and in which he holds a material interest.
	During the year the company paid rent of £300,000 to Saras Investment Limited, a company under the common control of Mr Joginder Singh, Mr Savinder Singh and Mr Chetan Thakkar, for its premises at Unit 5a, Silverdale Industrial Estate, and was recharged insurance costs of £4,678. The company also advanced £1,800 to Saras Investment Limited and received repayments of £1,900. The balance at 31 March 2026 was £nil (2025: £100 due to the company).At 31 March 2026 the company had commitments under this non-cancellable operating lease of £2,700,000 (2025: £nil) (see note 16)
	During the year the company made sales of £875,840 to, and purchases of £175,392 from, KCS Cash & Carry Ltd, a company of which Mr Savinder Singh, a director of the company, is also a director. At 31 March 2026, £140,136 (2025: £68,567) was included in trade debtors and £30,890 (2025: £8,907) in trade creditors.
	During the year the company made sales of £621,349 to Saras Foods UK Ltd, a company under common control. At 31 March 2026, £63,395 (2025: £45,339) was included in trade debtors.
	The company also made sales totalling £796 to Ahuja Investments Limited and Ditton Manor Events and Hospitality Ltd, companies of which Mr Joginder Singh, a director of the company, is a director and person with significant control. No balances were outstanding at the year end.
	Included in other debtors are interest-free, unsecured loans of £35,000 each to Inderjeet Kaur and Surbeer Kaur, shareholders of the parent company, totalling £70,000. The loans were repaid in full post year end.
	Included in other debtors is £67,403 (2025: £13,500) due from Asian Traders Holdings Ltd, the company's parent undertaking. During the year the company paid expenses of £53,902 on its behalf.
	The loans with related parties are interest-free, unsecured and repayable on demand. No amounts due from related parties have been written off or provided against.

18	Controlling party

	The company's immediate and ultimate parent undertaking is Asian Traders Holdings Ltd, a company incorporated in England and Wales, whose registered office is Unit 5a, Silverdale Industrial Estate, Silverdale Road, Hayes, Middlesex UB3 3BL. Asian Traders Holdings Ltd does not prepare consolidated financial statements.
	In the opinion of the directors, there is no ultimate controlling party, as no individual shareholder, or group of connected shareholders, holds more than 50% of the issued share capital of Asian Traders Holdings Ltd.

19	Presentation currency

	The financial statements are presented in Sterling.


20	Legal form of entity and country of incorporation

	Asian Traders Ltd is a private company limited by shares and incorporated in England.

21	Principal place of business

	The address of the company's principal place of business and registered office is:

	Unit 5a, Silverdale Industrial Estate
	Silverdale Road
	Hayes
	Middlesex
	UB3 3BL

22	Reconciliations on adoption of FRS 102

	Profit and loss for the year ended 31 March 2025					£

	Profit under former UK GAAP					2,003,540

	Profit under FRS 102					2,003,540

	Balance sheet at 31 March 2025					£

	Equity under former UK GAAP					6,537,306

	Equity under FRS 102					6,537,306

	Balance sheet at 1 April 2024					£

	Equity under former UK GAAP					-

	Equity under FRS 102					-