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Company Registration No. SC482940 (Scotland)
On Tap Water And Drainage Limited Unaudited accounts for the year ended 31 July 2024
On Tap Water And Drainage Limited Unaudited accounts Contents
Page
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On Tap Water And Drainage Limited Company Information for the year ended 31 July 2024
Director
Mrs Julie Pryde
Company Number
SC482940 (Scotland)
Registered Office
The Old House Dundee Road Perth PH2 7JT
Accountants
Tranquillity Tax 12 Peasehill Brae Rosyth Dunfermline KY11 2AP
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On Tap Water And Drainage Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
57,921 
63,068 
Current assets
Debtors
2,853 
- 
Cash at bank and in hand
51,195 
39,049 
54,048 
39,049 
Creditors: amounts falling due within one year
(6,632)
(4,820)
Net current assets
47,416 
34,229 
Net assets
105,337 
97,297 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
105,336 
97,296 
Shareholders' funds
105,337 
97,297 
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 August 2024 and were signed on its behalf by
Mrs Julie Pryde Director Company Registration No. SC482940
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On Tap Water And Drainage Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
On Tap Water And Drainage Limited is a private company, limited by shares, registered in Scotland, registration number SC482940. The registered office is The Old House, Dundee Road, Perth, PH2 7JT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
12,882 
178,059 
190,941 
Additions
- 
6,112 
6,112 
At 31 July 2024
12,882 
184,171 
197,053 
Depreciation
At 1 August 2023
- 
127,873 
127,873 
Charge for the year
- 
11,259 
11,259 
At 31 July 2024
- 
139,132 
139,132 
Net book value
At 31 July 2024
12,882 
45,039 
57,921 
At 31 July 2023
12,882 
50,186 
63,068 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,853 
- 
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On Tap Water And Drainage Limited Notes to the Accounts for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
6,632 
4,820 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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