ACCOUNTS - Final Accounts preparation

Company registration number: 04646559

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	BRITANNIA TEA COMPANY LIMITED


BRITANNIA TEA COMPANY LIMITED

COMPANY INFORMATION

Directors	M. Y. Beyad
	M. R. Beyad
	M. Beyad


Company secretary	M. R. Beyad


Registered number	04646559


Registered office	320 King Street
	Hammersmith
	London
	W6 0RR


Accountants	Menzies LLP
	Chartered Accountants
	Ashcombe House
	5 The Crescent
	Leatherhead
	Surrey
	KT22 8DY


BRITANNIA TEA COMPANY LIMITED

CONTENTS

	Page
Statement of financial position	1
Notes to the financial statements	2 - 3


BRITANNIA TEA COMPANY LIMITED REGISTERED NUMBER:04646559

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£


Current assets
Stocks		9,967		12,967
Debtors: amounts falling due within one year	4	14,915		25,182
Cash at bank and in hand		491,669		480,830
		516,551		518,979
Creditors: amounts falling due within one year	5	(1,700)		(2,143)
Net current assets			514,851		516,836
Total assets less current liabilities			514,851		516,836

Net assets			514,851		516,836

Capital and reserves
Allotted, called up and fully paid share capital	14,000	14,000
Profit and loss account	500,851	502,836
	514,851	516,836

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

M. Y. Beyad

Director

Date: 8 December 2025

The notes on pages 2 to 3 form part of these financial statements.

Page 1


BRITANNIA TEA COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Britannia Tea Company Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page. This is also the Company's trading address.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is derived from the sale of and commissions receivable on sale of premium quality tea products and is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

evenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 2


BRITANNIA TEA COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Employees

The average monthly number of employees, including directors, during the year was 3 (2024 - 3).

Debtors

					2025	2024
					£	£


Trade debtors	2,419	2,203
Other debtors	11,214	13,479
Prepayments and accrued income	1,282	9,500
	14,915	25,182

5.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Corporation tax	-	443
Accruals and deferred income	1,700	1,700
	1,700	2,143

6.	Related party transactions
	At 31 March 2025, the company was owed £9,655 (2024 - £12,000), a related company by virtue of common ownership. HSBC Bank Plc holds a fixed and floating charge over the undertaking and all property, assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures and fixed plant and machinery.

Page 3