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REGISTERED NUMBER: 05074510 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024

FOR

ON TAP WATERCOOLERS LIMITED

ON TAP WATERCOOLERS LIMITED (REGISTERED NUMBER: 05074510)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ON TAP WATERCOOLERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTOR: C A Rogers





REGISTERED OFFICE: Venture Court
2 Debdale Road
Wellingborough
Northamptonshire
NN8 5AA





REGISTERED NUMBER: 05074510 (England and Wales)





ACCOUNTANTS: ISIS Business Solutions (Northants) LLP
Venture Court
2 Debdale Road
Wellingborough
Northamptonshire
NN8 5AA

ON TAP WATERCOOLERS LIMITED (REGISTERED NUMBER: 05074510)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,455 5,940
Tangible assets 5 115,736 108,694
120,191 114,634

CURRENT ASSETS
Stocks 19,847 15,399
Debtors 6 131,390 160,296
Cash at bank and in hand 248 248
151,485 175,943
CREDITORS
Amounts falling due within one year 7 219,044 236,058
NET CURRENT LIABILITIES (67,559 ) (60,115 )
TOTAL ASSETS LESS CURRENT LIABILITIES 52,632 54,519

CREDITORS
Amounts falling due after more than one
year

8

(29,791

)

(26,216

)

PROVISIONS FOR LIABILITIES (19,864 ) (20,652 )
NET ASSETS 2,977 7,651

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,975 7,649
SHAREHOLDERS' FUNDS 2,977 7,651

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ON TAP WATERCOOLERS LIMITED (REGISTERED NUMBER: 05074510)

BALANCE SHEET - continued
30TH JUNE 2024


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 director and authorised for issue on 26th March 2025 and were signed by:





C A Rogers - Director


ON TAP WATERCOOLERS LIMITED (REGISTERED NUMBER: 05074510)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

1. STATUTORY INFORMATION

On Tap Watercoolers 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - at variable rates on reducing balance
Fixtures and fittings - at variable rates on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

ON TAP WATERCOOLERS LIMITED (REGISTERED NUMBER: 05074510)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st July 2023
and 30th June 2024 6,954
AMORTISATION
At 1st July 2023 1,014
Charge for year 1,485
At 30th June 2024 2,499
NET BOOK VALUE
At 30th June 2024 4,455
At 30th June 2023 5,940

ON TAP WATERCOOLERS LIMITED (REGISTERED NUMBER: 05074510)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st July 2023 181,363 2,936 69,826 8,192 262,317
Additions 27,688 - 23,494 624 51,806
Disposals (9,736 ) - (15,374 ) - (25,110 )
At 30th June 2024 199,315 2,936 77,946 8,816 289,013
DEPRECIATION
At 1st July 2023 122,259 1,813 22,724 6,827 153,623
Charge for year 22,667 586 16,466 932 40,651
Eliminated on disposal (7,785 ) - (13,212 ) - (20,997 )
At 30th June 2024 137,141 2,399 25,978 7,759 173,277
NET BOOK VALUE
At 30th June 2024 62,174 537 51,968 1,057 115,736
At 30th June 2023 59,104 1,123 47,102 1,365 108,694

The net book value of tangible fixed assets includes £ 46,472 (2023 - £ 40,165 ) in respect of assets held under hire purchase contracts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 67,266 77,885
Other debtors 64,124 82,411
131,390 160,296

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,627 14,412
Hire purchase contracts 14,787 8,989
Trade creditors 36,182 32,906
Taxation and social security 51,634 42,994
Other creditors 111,814 136,757
219,044 236,058

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 29,791 26,216

9. RELATED PARTY DISCLOSURES

Included within other debtors is an amount owed by the directors of £24,499 (2023:£28,399 ). This loan has had interest applied and has no repayment terms.

ON TAP WATERCOOLERS LIMITED (REGISTERED NUMBER: 05074510)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

10. ULTIMATE CONTROLLING PARTY

The director is the ultimate controlling party by virtue of his office and shareholding.