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Wiltshire Truffles Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2026

Wiltshire Truffles Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

Wiltshire Truffles Limited

Company Information

Directors | Z Frost N Frost

Registered Office | 1 Church Lane Ogbourne St. George Marlborough Wiltshire SN8 1SU

Registered Number | 09257898

Accountants | Verinder Powell Associates Limited Suite 5, Corum 2 Corum Office Park Crown Way Warmley Bristol BS30 8FJ

Wiltshire Truffles Limited

(Registration number: 09257898)
Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | 128,410 | 139,446
Current assets |  |  |
Stocks |  | 31,806 | 42,954
Debtors | 5 | 591,293 | 305,215
Cash at bank and in hand |  | 1,152,175 | 1,248,514
|  | 1,775,274 | 1,596,683
Creditors: Amounts falling due within one year | 6 | (263,948) | (125,262)
Net current assets |  | 1,511,326 | 1,471,421
Total assets less current liabilities |  | 1,639,736 | 1,610,867
Creditors: Amounts falling due after more than one year | 6 | - | (52,199)
Provisions for liabilities |  | (32,060) | (34,862)
Net assets |  | 1,607,676 | 1,523,806
Capital and reserves |  |  |
Called up share capital |  | 20 | 20
Retained earnings |  | 1,607,656 | 1,523,786
Shareholders' funds |  | 1,607,676 | 1,523,806

Wiltshire Truffles Limited

(Registration number: 09257898)
Balance Sheet as at 31 March 2026

For the financial year ending 31 March 2026 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 July 2026 and signed on its behalf by:

......................................... Z Frost Director

Wiltshire Truffles Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Church Lane
Ogbourne St. George
Marlborough
Wiltshire
SN8 1SU

These financial statements were authorised for issue by the Board on 10 July 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime). There have been no material departures from the Financial Reporting Standard 102 1A.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared in Pounds Sterling (£), and are rounded to the nearest pound.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Wiltshire Truffles Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

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

Asset class | Depreciation method and rate
Motor vehicles | - 25% reducing balance
Office equipment | - 20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Wiltshire Truffles Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, which is equivalent to net realisable value.
The cost of finished goods and work in progress comprises all costs of purchase, direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

The company operates a define contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. Once the contributions have been paid, the company has no further payment obligations.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2025 - 5).

Wiltshire Truffles Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4 | Tangible assets

| Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2025 | 77,650 | 181,814 | 259,464
Additions | 6,692 | 26,444 | 33,136
Disposals | - | (18,966) | (18,966)
At 31 March 2026 | 84,342 | 189,292 | 273,634
Depreciation
At 1 April 2025 | 44,407 | 75,611 | 120,018
Charge for the year | 7,611 | 30,810 | 38,421
Eliminated on disposal | - | (13,215) | (13,215)
At 31 March 2026 | 52,018 | 93,206 | 145,224
Carrying amount
At 31 March 2026 | 32,324 | 96,086 | 128,410
At 31 March 2025 | 33,243 | 106,203 | 139,446

Wiltshire Truffles Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

5 | Debtors

| Note | 2026 £ | 2025 £
Trade debtors |  | 320,960 | 297,078
Amounts owed by related parties | 8 | 228,459 | -
Prepayments and accrued income |  | 36,530 | 2,520
Other debtors |  | 5,344 | 5,617
|  | 591,293 | 305,215

6 | Creditors

Due within one year | Note | 2026 £ | 2025 £
Hire purchase and finance lease liabilities |  | 68,750 | 13,964
Trade creditors |  | 25,731 | -
Amounts owed to related parties | 8 | 1,363 | 6,332
Taxation and social security |  | 143,866 | 96,598
Accruals and deferred income |  | 3,305 | 6,568
Other creditors |  | 20,933 | 1,800
|  | 263,948 | 125,262

| Note | 2026 £ | 2025 £
Due after one year |  |  |
Hire purchase and finance lease liabilities |  | - | 52,199

Hire purchase contracts are secured against the assets to which they relate.

Wiltshire Truffles Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

7 | Financial commitments, guarantees and contingencies

Pension commitments
Included in the balance sheet are pensions of £395 (2025 - £Nil). The company participates in a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.
Off balance sheet commitments
At the reporting end date, the company has outstanding commitments for future minimum lease payments under non-cancellable leases totalling £42,201 (2025 - £11,253).

Wiltshire Truffles Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

8 | Related party transactions

Loans to related parties

2026 | Key management £ | Total £
Advanced | 568,668 | 568,668
Repaid | (340,209) | (340,209)
At end of period | 228,459 | 228,459

Terms of loans to related parties

Loans to key management are repayable on demand and interest is charged at the HMRC prevailing rate on overdrawn balances which exceed £10,000 per director.

Loans from related parties

2026 | Key management £ | Other related parties £ | Total £
At start of period | 6,332 | - | 6,332
Advanced | - | 5,657 | 5,657
Repaid | (6,332) | (4,294) | (10,626)
At end of period | - | 1,363 | 1,363

2025 | Key management £ | Total £
At start of period | 5,552 | 5,552
Advanced | 540,780 | 540,780
Repaid | (540,000) | (540,000)
At end of period | 6,332 | 6,332

Terms of loans from related parties

The loans from key management are interest free and repayable on demand.
The loans from other related parties are interest free and repayable on demand.