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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
Page
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The Glastonbury Press Ltd Company Information for the year ended 31 March 2024
Director
G Millls
Company Number
05086737 (England and Wales)
Accountants
Hele Kergozou Ltd Lilac Cottage The Street, Draycott Cheddar Somerset BS27 3TH
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The Glastonbury Press Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,540 
4,404 
Current assets
Inventories
46,000 
76,000 
Debtors
29,382 
6,606 
Cash at bank and in hand
163,898 
170,034 
239,280 
252,640 
Creditors: amounts falling due within one year
(72,046)
(83,608)
Net current assets
167,234 
169,032 
Net assets
171,774 
173,436 
Capital and reserves
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
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The Glastonbury Press Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
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.
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 
Additions
2,593 
- 
2,593 
At 31 March 2024
43,484 
18,283 
61,767 
Depreciation
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 
Net book value
At 31 March 2024
4,540 
- 
4,540 
At 31 March 2023
4,154 
250 
4,404 
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The Glastonbury Press Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
185 
3,480 
Accrued income and prepayments
- 
231 
Other debtors
29,197 
2,895 
29,382 
6,606 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
971 
421 
Taxes and social security
2,704 
9,765 
Other creditors
- 
3,658 
Loans from directors
67,081 
67,291 
Accruals
1,290 
2,473 
72,046 
83,608 
7
Average number of employees
During the year the average number of employees was 12 (2023: 10).
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