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REGISTERED NUMBER: 02302169 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Glastonbury Spring Water Company Ltd

Glastonbury Spring Water Company Ltd (Registered number: 02302169)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Glastonbury Spring Water Company Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: I Tucker
Mrs C Tucker
D Tucker





SECRETARY: Mrs C Tucker





REGISTERED OFFICE: 3 Landmark House
Wirral Park Road
Glastonbury
Somerset
BA6 9FR





REGISTERED NUMBER: 02302169 (England and Wales)

Glastonbury Spring Water Company Ltd (Registered number: 02302169)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 47,222 49,369
Tangible assets 5 652,818 691,532
700,040 740,901

CURRENT ASSETS
Stocks 32,285 16,671
Debtors 6 401,487 348,574
Cash at bank and in hand 112,313 98,970
546,085 464,215
CREDITORS
Amounts falling due within one year 7 269,577 212,844
NET CURRENT ASSETS 276,508 251,371
TOTAL ASSETS LESS CURRENT
LIABILITIES

976,548

992,272

CREDITORS
Amounts falling due after more than one
year

8

(76,620

)

(90,595

)

PROVISIONS FOR LIABILITIES (65,731 ) (60,854 )

ACCRUALS AND DEFERRED INCOME (5,338 ) (4,700 )
NET ASSETS 828,859 836,123

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 828,759 836,023
828,859 836,123

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

Glastonbury Spring Water Company Ltd (Registered number: 02302169)

Balance Sheet - continued
31 July 2024



The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2025 and were signed on its behalf by:





I Tucker - Director


Glastonbury Spring Water Company Ltd (Registered number: 02302169)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Glastonbury Spring Water Company Ltd 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 19 years
Plant and machinery - 20% on straight line basis and 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Glastonbury Spring Water Company Ltd (Registered number: 02302169)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 54,915
AMORTISATION
At 1 August 2023 5,546
Amortisation for year 2,147
At 31 July 2024 7,693
NET BOOK VALUE
At 31 July 2024 47,222
At 31 July 2023 49,369

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 August 2023 278,493 512,917 794,754
Additions - - 71,194
Disposals - - (27,437 )
At 31 July 2024 278,493 512,917 838,511
DEPRECIATION
At 1 August 2023 - 374,527 614,918
Charge for year - 26,990 33,924
Eliminated on disposal - - (2,433 )
At 31 July 2024 - 401,517 646,409
NET BOOK VALUE
At 31 July 2024 278,493 111,400 192,102
At 31 July 2023 278,493 138,390 179,836

Glastonbury Spring Water Company Ltd (Registered number: 02302169)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 175,185 3,941 1,765,290
Additions - 528 71,722
Disposals - - (27,437 )
At 31 July 2024 175,185 4,469 1,809,575
DEPRECIATION
At 1 August 2023 81,580 2,733 1,073,758
Charge for year 23,401 1,117 85,432
Eliminated on disposal - - (2,433 )
At 31 July 2024 104,981 3,850 1,156,757
NET BOOK VALUE
At 31 July 2024 70,204 619 652,818
At 31 July 2023 93,605 1,208 691,532

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 136,777 110,528
Amounts owed by group undertakings 198,645 224,188
Prepayments 66,065 13,858
401,487 348,574

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,745 19,444
Trade creditors 103,356 40,336
Tax 35,462 14,110
Social security and other taxes 6,671 5,591
VAT 31,360 38,650
Other creditors 1,548 1,278
Directors' current accounts 71,435 93,435
269,577 212,844

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 76,620 90,595

9. ULTIMATE CONTROLLING PARTY

Glastonbury Spring Water Company Limited is a wholly owned subsidiary of Glastonbury Spring Water Holdings Limited.

The holding company's registered office is 3 Landmark House, Wirral Park Road, Glastonbury, Somerset and its principal place of business is Park Corner Farm, Glastonbury, Somerset.