Company No: 01348994 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Directors	Mr A Wain
	Mrs D Wain

Secretary

Mrs D Wain

Registered office	Westover Farm The Lane
	Fordcombe
	Tunbridge Wells
	TN3 0RP
	United Kingdom

Company number

01348994 (England and Wales)

Accountant	Kreston Reeves LLP
	Springfield House
	Springfield Road
	Horsham
	West Sussex
	RH12 2RG

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	28,198		37,747
		28,198		37,747
Current assets
Stocks		136,126		124,000
Debtors	4	56,746		43,733
Cash at bank and in hand	5	1,957		4,877
		194,829		172,610
Creditors: amounts falling due within one year	6	( 304,301)		( 299,328)
Net current liabilities		(109,472)		(126,718)
Total assets less current liabilities		(81,274)		(88,971)
Creditors: amounts falling due after more than one year	7	( 8,763)		( 27,834)
Provision for liabilities	8	( 7,050)		( 9,437)
Net liabilities		( 97,087)		( 126,242)
Capital and reserves
Called-up share capital		10,000		10,000
Share premium account		25,317		25,317
Profit and loss account		( 132,404 )		( 161,559 )
Total shareholders' deficit		( 97,087)		( 126,242)

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Wains of Tunbridge Wells (Distributors) Limited (registered number: 01348994) were approved and authorised for issue by the Board of Directors on 23 December 2025. They were signed on its behalf by:

Mr A Wain Director

Mrs D Wain Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Wains of Tunbridge Wells (Distributors) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The registration number is 01348994. The address of the Company's registered office is Westover Farm The Lane, Fordcombe, Tunbridge Wells, Kent, TN3 0RP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles	25 % reducing balance
Fixtures and fittings	15 % reducing balance
Office equipment	20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		4

3. Tangible assets

	Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£
Cost
At 01 April 2024	79,673		29,666		18,593		127,932
At 31 March 2025	79,673		29,666		18,593		127,932
Accumulated depreciation
At 01 April 2024	48,521		29,113		12,551		90,185
Charge for the financial year	7,788		553		1,208		9,549
At 31 March 2025	56,309		29,666		13,759		99,734
Net book value
At 31 March 2025	23,364		0		4,834		28,198
At 31 March 2024	31,152		553		6,042		37,747

4. Debtors

	2025		2024
	£		£
Trade debtors	54,935		43,733
Other debtors	1,811		0
	56,746		43,733

5. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	1,957		4,877

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans (secured)	10,000		10,000
Trade creditors	25,073		44,084
Amounts owed to directors	240,957		194,456
Accruals	2,600		2,600
Other taxation and social security	10,278		29,233
Obligations under finance leases and hire purchase contracts (secured)	8,870		11,030
Other creditors	6,523		7,925
	304,301		299,328

The bank loan is secured over the book debts and a floating charge over all assets. The finance lease is secured over the asset.

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans (secured)	2,257		12,459
Obligations under finance leases and hire purchase contracts (secured)	6,506		15,375
	8,763		27,834

The bank loan is secured over the book debts and a floating charge over all assets. The finance lease is secured over the asset.

8. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 9,437)		( 10,052)
Credited to the Profit and Loss Account	2,387		615
At the end of financial year	( 7,050)		( 9,437)

The deferred taxation balance is made up as follows:

	2025		2024
	£		£
Accelerated capital allowances	( 7,050)		( 9,437)

9. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

The pension cost charge represents contributions payable by the company to the fund and amounted to £530 (2024 - £464). Contributions totalling £Nil (2024 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.

10. Related party transactions

Transactions with the entity's directors

The Directors continued to provide a loan to the company throughout the year. This balance owed to Directors at the year end totalled £240,957 (2024 - £194,456) which is included within creditors.