REGISTERED NUMBER: 07928983 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Whole Leaf Tea Company Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P R Kirby

Mrs A Kirby

REGISTERED OFFICE:

8 Acheson Way

Trafford Park

Manchester

Greater Manchester

M17 1GA

REGISTERED NUMBER:

07928983 (England and Wales)

ACCOUNTANTS:

Jennions Macken Ltd

Suite 1, Foundry House

Waterside Lane

Widnes

Cheshire

WA8 8GT

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

123,174

150,318

123,174

150,318

CURRENT ASSETS

Stocks

274,066

339,754

Debtors

427,398

666,304

Cash at bank

502,845

259,300

1,204,309

1,265,358

CREDITORS

Amounts falling due within one year

797,800

728,668

NET CURRENT ASSETS

406,509

536,690

TOTAL ASSETS LESS CURRENT LIABILITIES

529,683

687,008

CREDITORS

Amounts falling due after more than one year

(65,031

)

(40,881

)

PROVISIONS FOR LIABILITIES

6

(23,403

)

(28,560

)

NET ASSETS

441,249

617,567

CAPITAL AND RESERVES

Called up share capital

1,002

1,002

Retained earnings

440,247

616,565

SHAREHOLDERS' FUNDS

441,249

617,567

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 October 2025 and were signed on its behalf by:

P R Kirby - Director

1.	STATUTORY INFORMATION

Whole Leaf Tea Company 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Stocks

Stocks 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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 20 (2024 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2024

and 31 January 2025

32,617

AMORTISATION

At 1 February 2024

and 31 January 2025

32,617

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2024

797,772

Additions

28,980

At 31 January 2025

826,752

DEPRECIATION

At 1 February 2024

647,454

Charge for year

56,124

At 31 January 2025

703,578

NET BOOK VALUE

At 31 January 2025

123,174

At 31 January 2024

150,318

6.	PROVISIONS FOR LIABILITIES

31.1.25

31.1.24

£

£

Deferred tax

Accelerated capital allowances

28,560

48,089

Deferred tax

(5,157

)

(19,529

)

23,403

28,560

Deferred

tax

£

Balance at 1 February 2024

28,560

Provided during year

(5,157

)

Balance at 31 January 2025

23,403

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25

31.1.24

£

£

P R Kirby and Mrs A Kirby

Balance outstanding at start of year

230,800

-

Amounts advanced

167,404

230,800

Amounts repaid

(398,204

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

230,800