REGISTERED NUMBER: 00321890 (England and Wales)

Financial Statements

for the Year Ended 30 April 2026

for

George Weil & Sons, Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J Barrell

I F Bowers

S A Smith

REGISTERED OFFICE:

Old Portsmouth Road

Peasmarsh

Guildford

Surrey

GU3 1LZ

REGISTERED NUMBER:

00321890 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

FIXED ASSETS

Intangible assets

5

1,946

4,279

Property, plant and equipment

6

335,234

342,949

337,180

347,228

CURRENT ASSETS

Inventories

376,966

375,246

Debtors

7

15,487

13,251

Cash at bank and in hand

42,033

384,864

434,486

773,361

CREDITORS

Amounts falling due within one year

8

(119,315

)

(76,007

)

NET CURRENT ASSETS

315,171

697,354

TOTAL ASSETS LESS CURRENT LIABILITIES

652,351

1,044,582

CAPITAL AND RESERVES

Called up share capital

15,015

15,015

Revaluation reserve

9

118,779

118,779

Retained earnings

9

518,557

910,788

652,351

1,044,582

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 23 July 2026 and were signed on its behalf by:

J Barrell - Director

1.	STATUTORY INFORMATION

George Weil & Sons, 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents net sales of silk, craft supplies and art materials, excluding value added tax, sold to customers in the year.

Goodwill

Goodwill, which represents the excess of purchase consideration compared with the fair values of the assets acquired, is capitalised and amortised over a period of between three and fifteen years, as in the opinion of the director, this represents the period over which the goodwill is effective.

Tangible fixed assets

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

Freehold property

-

2% on cost

Improvements to property

-

2% on cost

Plant and machinery

-

33% on cost

Fixtures and fittings

-

10% on cost

Computer equipment

-

33% on cost

Stocks

Inventories 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2025 - 9 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

Cost

At 1 May 2025

and 30 April 2026

232,177

Amortisation

At 1 May 2025

227,898

Charge for year

2,333

At 30 April 2026

230,231

Net book value

At 30 April 2026

1,946

At 30 April 2025

4,279

6.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

Cost or valuation

At 1 May 2025

380,000

25,023

11,966

Additions

-

-

1,285

At 30 April 2026

380,000

25,023

13,251

Depreciation

At 1 May 2025

67,020

5,796

9,572

Charge for year

2,796

501

1,459

At 30 April 2026

69,816

6,297

11,031

Net book value

At 30 April 2026

310,184

18,726

2,220

At 30 April 2025

312,980

19,227

2,394

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost or valuation

At 1 May 2025

5,331

20,966

443,286

Additions

-

-

1,285

At 30 April 2026

5,331

20,966

444,571

Depreciation

At 1 May 2025

5,279

12,670

100,337

Charge for year

11

4,233

9,000

At 30 April 2026

5,290

16,903

109,337

Net book value

At 30 April 2026

41

4,063

335,234

At 30 April 2025

52

8,296

342,949

Cost or valuation at 30 April 2026 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2008

113,081

-

113,081

Cost

266,919

64,571

331,490

380,000

64,571

444,571

If freehold property had not been revalued it would have been included at the following historical cost:

30/4/26

30/4/25

£

£

Cost

266,919

266,919

Aggregate depreciation

75,514

72,718

Value of land in freehold land and buildings

126,919

126,919

Included in cost or valuation of freehold property is freehold land of £199,120 (2025 - £199,120) which is not depreciated.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/26

30/4/25

£

£

Trade debtors

9,287

11,306

Other debtors

6,200

1,945

15,487

13,251

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/26

30/4/25

£

£

Trade creditors

45,936

47,696

Taxation and social security

50,862

14,265

Other creditors

22,517

14,046

119,315

76,007

9.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 May 2025

910,788

118,779

1,029,567

Profit for the year

31,769

31,769

Contribution to employee

ownership trust

(424,000

)

-

(424,000

)

At 30 April 2026

518,557

118,779

637,336

10.	CAPITAL LOSSES

A capital loss of £87,893 has been carried forward from previous periods.