Whole Leaf Tea Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07928983 (England and Wales)

Financial Statements for the Year Ended 31 January 2026

for

Whole Leaf Tea Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R Chatterjee

P R Kirby

A Kirby

R Wahi

G R Chambers

REGISTERED OFFICE:

8 Acheson Way

Trafford Park

Manchester

M17 1GA

REGISTERED NUMBER:

07928983 (England and Wales)

AUDITORS:

Merchant Mackinlay Simpson Ltd

Statutory Auditors

2 Craven Road

Ealing

London

W5 2UA

FIXED ASSETS

Intangible assets

4

46,618

-

Tangible assets

5

62,399

123,174

109,017

123,174

CURRENT ASSETS

Stocks

400,601

274,066

Debtors

6

433,189

427,398

Cash at bank

331,746

502,845

1,165,536

1,204,309

CREDITORS

Amounts falling due within one year

7

801,338

797,800

NET CURRENT ASSETS

364,198

406,509

TOTAL ASSETS LESS CURRENT LIABILITIES

473,215

529,683

CREDITORS

Amounts falling due after more than one
year

8

(27,632

)

(65,031

)

PROVISIONS FOR LIABILITIES

(15,600

)

(23,403

)

NET ASSETS

429,983

441,249

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,002

Retained earnings

428,983

440,247

SHAREHOLDERS' FUNDS

429,983

441,249

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 22 September 2026 and were signed on its behalf by:

P R Kirby - Director

1.	STATUTORY INFORMATION

Whole Leaf Tea Company 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

Revenue is recognised when control of the goods has passed to the customer, which is generally when the goods are delivered to and accepted by the customer. Any discounts and rebates are deducted from revenue in the period in which the related sales are recognised.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business. Goodwill was fully written off in previous 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.

Computer software is being amortised evenly over its estimated useful life of three years.

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 etc

-

20% on cost

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.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term 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.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2025 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

COST

At 1 February 2025

32,617

-

32,617

Additions

-

55,808

Written-off

(32,617

)

-

(32,617

)

Reclassification/transfer

-

169,094

At 31 January 2026

-

224,902

AMORTISATION

At 1 February 2025

32,617

-

32,617

Charge for year

-

9,190

Eliminated on written-off

(32,617

)

-

(32,617

)

Reclassification/transfer

-

169,094

At 31 January 2026

-

178,284

NET BOOK VALUE

At 31 January 2026

-

46,618

At 31 January 2025

-

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

COST

At 1 February 2025

795,315

31,437

826,752

Additions

-

1,332

Reclassification/transfer

(169,094

)

-

(169,094

)

At 31 January 2026

626,221

32,769

658,990

DEPRECIATION

At 1 February 2025

674,647

28,931

703,578

Charge for year

60,685

1,422

62,107

Reclassification/transfer

(166,489

)

(2,605

)

(169,094

)

At 31 January 2026

568,843

27,748

596,591

NET BOOK VALUE

At 31 January 2026

57,378

5,021

62,399

At 31 January 2025

120,668

2,506

123,174

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

343,632

302,617

Other debtors

89,557

124,781

433,189

427,398

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts

49,387

7,397

Hire purchase contracts (see note 9)

40,760

36,194

Trade creditors

443,393

345,868

Taxation and social security

143,134

252,486

Other creditors

124,664

155,855

801,338

797,800

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

Hire purchase contracts (see note 9)

27,632

65,031

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

Net obligations repayable:

Within one year

40,760

36,194

Between one and five years

27,632

65,031

68,392

101,225

Non-cancellable

operating leases

2026

2025

£

Within one year

209,713

127,701

Between one and five years

208,147

130,383

417,860

258,084

10.	CALLED UP SHARE CAPITAL

During the year, the Company's share capital was reorganised following a change in ownership. As part of the reorganisation, two B ordinary shares were cancelled.

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion

We were appointed as auditors of the company after 31 January 2025 and therefore did not observe the counting of the physical stock at that date. The financial statements for the year ended 31 January 2025 were not audited. We were unable to obtain sufficient appropriate audit evidence concerning the quantities and condition of stock held at 31 January 2025, which are included in the comparative financial statements at a carrying amount of £274,066, by performing alternative audit procedures.

Since opening stock affects the determination of the financial performance for the year ended 31 January 2026, we were unable to determine whether any adjustments might have been necessary in respect of the profit for the year ended 31 January 2026 and the related amounts and disclosures in the financial statements.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Ketan Ramesh Patel FCCA (Senior Statutory Auditor)

for and on behalf of Merchant Mackinlay Simpson Ltd