Company Registration No. 05086737 (England and Wales)
The Glastonbury Press Ltd
Unaudited accounts
for the year ended 31 March 2024
The Glastonbury Press Ltd
Unaudited accounts
Contents
The Glastonbury Press Ltd
Company Information
for the year ended 31 March 2024
Company Number
05086737 (England and Wales)
Accountants
Hele Kergozou Ltd
Lilac Cottage
The Street, Draycott
Cheddar
Somerset
BS27 3TH
The Glastonbury Press Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
4,540
4,404
Cash at bank and in hand
163,898
170,034
Creditors: amounts falling due within one year
(72,046)
(83,608)
Net current assets
167,234
169,032
Net assets
171,774
173,436
Called up share capital
6
6
Profit and loss account
171,768
173,430
Shareholders' funds
171,774
173,436
For the year ending 31 March 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 his 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 22 March 2025 and were signed on its behalf by
G Millls
Director
Company Registration No. 05086737
The Glastonbury Press Ltd
Notes to the Accounts
for the year ended 31 March 2024
The Glastonbury Press Ltd is a private company, limited by shares, registered in England and Wales, registration number 05086737.
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.
These financial statements for the year ended 31 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
25% straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2023
40,891
18,283
59,174
At 31 March 2024
43,484
18,283
61,767
At 1 April 2023
36,737
18,033
54,770
Charge for the year
2,207
250
2,457
At 31 March 2024
38,944
18,283
57,227
At 31 March 2024
4,540
-
4,540
At 31 March 2023
4,154
250
4,404
The Glastonbury Press Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Accrued income and prepayments
-
231
Other debtors
29,197
2,895
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
2,704
9,765
Loans from directors
67,081
67,291
7
Average number of employees
During the year the average number of employees was 12 (2023: 10).