REGISTERED NUMBER: 06247334 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Canton Tea Co. Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E Thoemmes

Ms A Evans

Ms J C Wood

SECRETARY:

E Thoemmes

REGISTERED OFFICE:

Henleaze House

13 Harbury Road

Bristol

BS9 4PN

REGISTERED NUMBER:

06247334 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Intangible assets

4

672

2,908

Tangible assets

5

29,453

40,038

Investments

6

250

250

30,375

43,196

CURRENT ASSETS

Stocks

7

212,752

333,975

Debtors

8

136,940

139,065

Cash at bank

78,886

21,095

428,578

494,135

CREDITORS

Amounts falling due within one year

9

233,970

314,548

NET CURRENT ASSETS

194,608

179,587

TOTAL ASSETS LESS CURRENT LIABILITIES

224,983

222,783

CREDITORS

Amounts falling due after more than one year

10

90,774

152,321

NET ASSETS

134,209

70,462

CAPITAL AND RESERVES

Called up share capital

11

306,041

306,041

Share premium

2,000

2,000

Retained earnings

(173,832

)

(237,579

)

SHAREHOLDERS' FUNDS

134,209

70,462

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2025 and were signed on its behalf by:

E Thoemmes - Director

1.	STATUTORY INFORMATION

Canton Tea Co. 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 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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible fixed assets and amortisation - other intangible

Other intangible assets are product licences and system development. They are amortised to the profit and loss account over their estimated economic lives of two to three years and five years respectively.

Tangible fixed assets

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

Leasehold 20% straight line basis

Plant & Machinery 50% reducing balance basis

Motor Vehicles 33% Straight Line & 25% reducing balance basis

Fixtures & Fittings 50% reducing balance basis

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

20,008

AMORTISATION

At 1 January 2024

17,100

Charge for year

2,236

At 31 December 2024

19,336

NET BOOK VALUE

At 31 December 2024

672

At 31 December 2023

2,908

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Short

to

and

Motor

leasehold

property

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

12,246

13,957

4,178

52,009

82,390

Additions

-

-

315

-

315

At 31 December 2024

12,246

13,957

4,493

52,009

82,705

DEPRECIATION

At 1 January 2024

12,246

11,607

3,744

14,755

42,352

Charge for year

-

1,175

256

9,469

10,900

At 31 December 2024

12,246

12,782

4,000

24,224

53,252

NET BOOK VALUE

At 31 December 2024

-

1,175

493

27,785

29,453

At 31 December 2023

-

2,350

434

37,254

40,038

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

250

NET BOOK VALUE

At 31 December 2024

250

At 31 December 2023

250

7.

STOCKS

31.12.24

31.12.23

£

£

Work-in-progress

452

31,621

Finished goods

212,300

302,354

212,752

333,975

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

105,580

123,994

Other debtors

23,972

4,753

VAT

6,174

9,110

Prepayments and accrued income

1,214

1,208

136,940

139,065

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

2

-

Trade creditors

139,391

213,665

Social security and other taxes

11,159

35,397

Other creditors

55,665

60,920

Accruals and deferred income

27,753

4,566

233,970

314,548

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

90,774

152,321

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

306,041

Allotted, Called up and fully

paid

1

306,041

306,041