Williamson Fine Teas Limited 01868433 false 2025-04-01 2026-03-31 2026-03-31 The principal activity of the company is of tea processing Digita Accounts Production Advanced 6.30.9574.0 true true true 01868433 2025-04-01 2026-03-31 01868433 2026-03-31 01868433 bus:OrdinaryShareClass1 2026-03-31 01868433 core:CurrentFinancialInstruments 2026-03-31 01868433 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 01868433 bus:SmallEntities 2025-04-01 2026-03-31 01868433 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 01868433 bus:FilletedAccounts 2025-04-01 2026-03-31 01868433 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 01868433 bus:RegisteredOffice 2025-04-01 2026-03-31 01868433 bus:CompanySecretaryDirector1 2025-04-01 2026-03-31 01868433 bus:Director1 2025-04-01 2026-03-31 01868433 bus:Director3 2025-04-01 2026-03-31 01868433 bus:Director4 2025-04-01 2026-03-31 01868433 bus:OrdinaryShareClass1 2025-04-01 2026-03-31 01868433 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 01868433 core:OtherRelatedParties 2025-04-01 2026-03-31 01868433 1 2025-04-01 2026-03-31 01868433 countries:EnglandWales 2025-04-01 2026-03-31 01868433 2024-04-01 2025-03-31 01868433 2025-03-31 01868433 bus:OrdinaryShareClass1 2025-03-31 01868433 core:CurrentFinancialInstruments 2025-03-31 01868433 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01868433

Williamson Fine Teas Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2026

Williamson Fine Teas Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

Williamson Fine Teas Limited

Company Information

Directors | Mr Edward Charles Magor Mr Philip Magor ACA Mrs Alexa Catherine Magor Mrs Antonia Grace Henley

Company secretary | Mr Philip Magor ACA

Registered office | The Old Vicarage Shepton Montague Wincanton Somerset England BA9 8JE

Williamson Fine Teas Limited

(Registration number: 01868433)
Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Current assets |  |  |
Stocks | 4 | 222,516 | 188,810
Debtors | 5 | 81,538 | 100,879
Cash at bank and in hand |  | 62,054 | 214,779
|  | 366,108 | 504,468
Creditors: Amounts falling due within one year | 6 | (31,779) | (165,512)
Net assets |  | 334,329 | 338,956
Capital and reserves |  |  |
Called up share capital | 7 | 800,000 | 800,000
Retained earnings |  | (465,671) | (461,044)
Shareholders' funds |  | 334,329 | 338,956

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 1 July 2026 and signed on its behalf by:

Mr Philip Magor ACA Company secretary and director

Williamson Fine Teas 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:
The Old Vicarage
Shepton Montague
Wincanton
Somerset
BA9 8JE
England

These financial statements were authorised for issue by the Board on 1 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).

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Revenue 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 the other sales taxes. The following criteria must also be met before revenue is recognised:
• 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.

Finance income and costs policy

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

Williamson Fine Teas Limited

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

Foreign currency transactions and balances

The Company's functional and presentational currency is GBP.
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transaction.
At each period end, foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Tax

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Trade debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Williamson Fine Teas Limited

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

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. Work in progress and finished goods include labour an attributable overheads.
At each balance sheet 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.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2025 - 4).

4 | Stocks

| 2026 £ | 2025 £
Raw materials and consumables | 37,043 | 44,309
Production supplies | 67,983 | 13,699
Finished goods and goods for resale | 117,490 | 130,802
| 222,516 | 188,810

Williamson Fine Teas Limited

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

5 | Debtors

Current | Note | 2026 £ | 2025 £
Trade debtors |  | 36,686 | 70,062
Amounts owed by related parties | 8 | 11,904 | -
Prepayments and accrued income |  | 1,578 | 2,804
Other debtors |  | 31,370 | 28,013
|  | 81,538 | 100,879

6 | Creditors

Creditors: amounts falling due within one year

| 2026 £ | 2025 £
Due within one year |  |
Trade creditors | 9,664 | 44,642
Accruals and deferred income | 20,526 | 78,992
Other creditors | 1,589 | 41,878
| 31,779 | 165,512

7 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary shares of £1 each | 800,000 | 800,000 | 800,000 | 800,000

8 | Related party transactions

Summary of transactions with other related parties

At the end of the year, an amount of £1,589 (2025: £41,878) was owed to George Williamson & Co. The balance is interest free and repayable on demand.
At the end of the year, an amount of £11,904 (2025: £0) was owed from Rogam Farms Limited. The balance is interest free and repayable on demand. During the year, rent of £15,000 (2025: £Nil) has been charged to the company from the entity.

Williamson Fine Teas Limited

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

9 | Parent and ultimate parent undertaking

The company's immediate parent is George Williamson & Co Limited, incorporated in England & Wales.
The ultimate parent is Williamson Tea Limited (formerly known as Ngong Tea Limited), incorporated in England & Wales.