REGISTERED NUMBER: 04719044 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

North West Tea Service Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr David Anthony Torrible

REGISTERED OFFICE:

Units 9 & 10 Brickfields

Huyton Business Park

Huyton

Merseyside

L36 6HY

REGISTERED NUMBER:

04719044 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

141,186

182,105

141,186

182,105

CURRENT ASSETS

Stocks

1,296,753

1,343,270

Debtors

6

2,137,495

1,843,383

Cash at bank and in hand

45,394

78,166

3,479,642

3,264,819

CREDITORS

Amounts falling due within one year

7

2,220,033

1,874,933

NET CURRENT ASSETS

1,259,609

1,389,886

TOTAL ASSETS LESS CURRENT LIABILITIES

1,400,795

1,571,991

CREDITORS

Amounts falling due after more than one year

8

(6,061

)

(162,737

)

PROVISIONS FOR LIABILITIES

(34,106

)

(42,944

)

NET ASSETS

1,360,628

1,366,310

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,360,528

1,366,210

1,360,628

1,366,310

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

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

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 director and authorised for issue on 21 December 2025 and were signed by:

Mr David Anthony Torrible - Director

1.	STATUTORY INFORMATION

North West Tea Service 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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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 22 (2024 - 22 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

20,000

AMORTISATION

At 1 April 2024

and 31 March 2025

20,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Office

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

82,392

341,657

258,607

22,152

704,808

Additions

-

-

-

1,077

1,077

Disposals

-

-

(114,273

)

-

(114,273

)

At 31 March 2025

82,392

341,657

144,334

23,229

591,612

DEPRECIATION

At 1 April 2024

55,757

254,901

190,759

21,286

522,703

Charge for year

3,995

13,013

14,609

968

32,585

Eliminated on disposal

-

-

(104,862

)

-

(104,862

)

At 31 March 2025

59,752

267,914

100,506

22,254

450,426

NET BOOK VALUE

At 31 March 2025

22,640

73,743

43,828

975

141,186

At 31 March 2024

26,635

86,756

67,848

866

182,105

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

1,873,464

1,693,803

Amounts owed by participating interests

34,304

-

Other debtors

229,727

149,580

2,137,495

1,843,383

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

72,727

72,727

Hire purchase contracts

17,282

24,498

Trade creditors

791,814

418,752

Amounts owed to participating interests

-

3,448

Taxation and social security

61,732

143,264

Other creditors

1,276,478

1,212,244

2,220,033

1,874,933

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

6,061

78,788

Hire purchase contracts

-

17,282

Other creditors

-

66,667

6,061

162,737

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

78,788

151,515

Lloyds TSB Commercial Finance

983,331

856,901

1,062,119

1,008,416

Lloyds Bank PLC holds a fixed and floating charge over the freehold and leasehold property of the company.

Lloyds TSB Commercial Finance Ltd holds a fixed and floating charge over all the assets of the company.

10.	RELATED PARTY DISCLOSURES

North West Tea Services Limited and NWT Estates Limited are under common control. During the year unsecured loans were made between the companies, interest free and payable on demand.

Loans (from)/to related parties

2025

2024

£

£

At start of the period

96,824

105,524

Movement

(19,902

)

(8,700

)

At the end of the period

76,922

96,824

During the year there was also the provision of a lease between the related parties

Expenditure with related parties

2025

2024

£

£

Leases

72,406

68,350

North West Tea Services Limited and UK Business Supplies Limited are under common control. During the year unsecured loans were made between the companies, interest free and payable on demand.

Loans (from)/to related parties

2025

2024

£

£

At start of the period

(100,272

)

67,212

Movement

56,844

(167,484

)

At the end of the period

(43,428

)

(100,272

)

During the year there was also the sale of goods between between the related parties, all trade activities were on an arm's length basis.

Income with related parties

2025

2024

£

£

Sale of goods, packaging and services

4,803,831

2,925,079

Aged receivable at period end

678,456

637,023