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REGISTERED NUMBER: 00321890 (England and Wales)















Financial Statements

for the Year Ended 30 April 2025

for

George Weil & Sons, Limited

George Weil & Sons, Limited (Registered number: 00321890)






Contents of the Financial Statements
for the Year Ended 30 April 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


George Weil & Sons, Limited

Company Information
for the Year Ended 30 April 2025







DIRECTOR: I F Bowers





REGISTERED OFFICE: Old Portsmouth Road
Peasmarsh
Guildford
Surrey
GU3 1LZ





REGISTERED NUMBER: 00321890 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

George Weil & Sons, Limited (Registered number: 00321890)

Statement of Financial Position
30 April 2025

30/4/25 30/4/24
Notes £    £   
FIXED ASSETS
Intangible assets 5 4,279 6,612
Property, plant and equipment 6 342,949 341,013
347,228 347,625

CURRENT ASSETS
Inventories 375,246 358,539
Debtors 7 13,251 87,539
Cash at bank and in hand 384,864 359,106
773,361 805,184
CREDITORS
Amounts falling due within one year 8 (76,007 ) (115,186 )
NET CURRENT ASSETS 697,354 689,998
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,044,582

1,037,623

CAPITAL AND RESERVES
Called up share capital 15,015 15,015
Revaluation reserve 9 118,779 118,779
Retained earnings 910,788 903,829
1,044,582 1,037,623

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

George Weil & Sons, Limited (Registered number: 00321890)

Statement of Financial Position - continued
30 April 2025


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

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

The financial statements were approved by the director and authorised for issue on 6 August 2025 and were signed by:





I F Bowers - Director


George Weil & Sons, Limited (Registered number: 00321890)

Notes to the Financial Statements
for the Year Ended 30 April 2025

1. STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net sales of silk, craft supplies and art materials, excluding value added tax, sold to customers in the year.

Goodwill
Goodwill, which represents the excess of purchase consideration compared with the fair values of the assets acquired, is capitalised and amortised over a period of between three and fifteen years, as in the opinion of the director, this represents the period over which the goodwill is effective.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 2% on cost
Plant and machinery - 33% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 33% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


George Weil & Sons, Limited (Registered number: 00321890)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

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

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 7 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 May 2024
and 30 April 2025 232,177
Amortisation
At 1 May 2024 225,565
Charge for year 2,333
At 30 April 2025 227,898
Net book value
At 30 April 2025 4,279
At 30 April 2024 6,612

George Weil & Sons, Limited (Registered number: 00321890)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025

6. PROPERTY, PLANT AND EQUIPMENT
Improvements
Freehold to Plant and
property property machinery
£    £    £   
Cost or valuation
At 1 May 2024 380,000 25,023 9,236
Additions - - 2,730
At 30 April 2025 380,000 25,023 11,966
Depreciation
At 1 May 2024 64,224 5,295 8,815
Charge for year 2,796 501 757
At 30 April 2025 67,020 5,796 9,572
Net book value
At 30 April 2025 312,980 19,227 2,394
At 30 April 2024 315,776 19,728 421

Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost or valuation
At 1 May 2024 5,331 14,301 433,891
Additions - 6,665 9,395
At 30 April 2025 5,331 20,966 443,286
Depreciation
At 1 May 2024 5,268 9,276 92,878
Charge for year 11 3,394 7,459
At 30 April 2025 5,279 12,670 100,337
Net book value
At 30 April 2025 52 8,296 342,949
At 30 April 2024 63 5,025 341,013

Cost or valuation at 30 April 2025 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2008 113,081 - 113,081
Cost 266,919 63,286 330,205
380,000 63,286 443,286

George Weil & Sons, Limited (Registered number: 00321890)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025

6. PROPERTY, PLANT AND EQUIPMENT - continued

If freehold property had not been revalued it would have been included at the following historical cost:

30/4/25 30/4/24
£    £   
Cost 266,919 266,919
Aggregate depreciation 72,718 69,922

Value of land in freehold land and buildings 126,919 126,919

Included in cost or valuation of freehold property is freehold land of £199,120 (2024 - £199,120) which is not depreciated.

7. DEBTORS
30/4/25 30/4/24
£    £   
Amounts falling due within one year:
Trade debtors 11,306 16,154
Other debtors 1,945 -
13,251 16,154

Amounts falling due after more than one year:
Other debtors - 71,385

Aggregate amounts 13,251 87,539

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/25 30/4/24
£    £   
Trade creditors 47,696 66,514
Taxation and social security 14,265 34,229
Other creditors 14,046 14,443
76,007 115,186

9. RESERVES
Revaluation
reserve
£   
At 1 May 2024
and 30 April 2025 118,779

10. CAPITAL LOSSES

A capital loss of £87,893 has been carried forward from previous periods.