Registered number
12204591
The Whale Tea UK Limited
Unaudited Filleted Accounts
19 January 2025
The Whale Tea UK Limited
Registered number: 12204591
Balance Sheet
as at 19 January 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 25,200 27,000
Tangible assets 4 7,603 9,185
32,803 36,185
Current assets
Stocks 2,000 16,000
Debtors 5 118,925 181,982
Cash at bank and in hand 7,363 2,335
128,288 200,317
Creditors: amounts falling due within one year 6 (205,121) (267,658)
Net current liabilities (76,833) (67,341)
Net liabilities (44,030) (31,156)
Capital and reserves
Called up share capital 100 100
Profit and loss account (44,130) (31,256)
Shareholders' funds (44,030) (31,156)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S K Low
Director
Approved by the board on 30 April 2025
The Whale Tea UK Limited
Notes to the Accounts
for the period from 1 October 2024 to 19 January 2025
1 Accounting policies
Basis of preparation
The accounts 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 (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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:
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
Going concern
The accounts have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent upon the continued support of the directors and shareholders who have indicated that they intend to provide necessary facilities to enable the company to continue to trade for the foreseeable future. If the company were unable to continue to trade, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long-term liabilities as current assets and liabilities.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 6 7
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2024 54,000
At 19 January 2025 54,000
Amortisation
At 1 October 2024 27,000
Provided during the period 1,800
At 19 January 2025 28,800
Net book value
At 19 January 2025 25,200
At 30 September 2024 27,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 October 2024 10,766 58,418 69,184
At 19 January 2025 10,766 58,418 69,184
Depreciation
At 1 October 2024 4,306 55,693 59,999
Charge for the period 718 864 1,582
At 19 January 2025 5,024 56,557 61,581
Net book value
At 19 January 2025 5,742 1,861 7,603
At 30 September 2024 6,460 2,725 9,185
5 Debtors 2025 2024
£ £
Other debtors 118,925 181,982
6 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 23,216 34,134
Other creditors 181,905 233,524
205,121 267,658
7 Controlling party
The company is under the control of the director, Mr S K Low by virtue of his shareholdings in the
company.
8 Other information
The Whale Tea UK Limited is a private company limited by shares and incorporated in England. Its registered office is:
47 Greenwich Church Street
London
England
SE10 9BL
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