PURELY SCOTTISH NATURAL MINERAL WATER LTD

Company Registration Number:
SC289254 (Scotland)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

PURELY SCOTTISH NATURAL MINERAL WATER LTD

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

PURELY SCOTTISH NATURAL MINERAL WATER LTD

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 72,060 72,060
Tangible assets: 4 1,633,374 1,656,534
Total fixed assets: 1,705,434 1,728,594
Current assets
Stocks: 87,128 37,974
Debtors:   203,610 99,100
Cash at bank and in hand: 22,641 25,073
Investments:   0 0
Total current assets: 313,379 162,147
Creditors: amounts falling due within one year:   (468,894) (699,857)
Net current assets (liabilities): (155,515) (537,710)
Total assets less current liabilities: 1,549,919 1,190,884
Creditors: amounts falling due after more than one year: 5 (2,695,839) (1,973,011)
Provision for liabilities: (240,000) (240,000)
Total net assets (liabilities): (1,385,920) (1,022,127)
Capital and reserves
Called up share capital: 40,000 40,000
Revaluation reserve:650,00050,000
Other reserves: 260,662 260,662
Profit and loss account: (1,736,582) (1,372,789)
Shareholders funds: (1,385,920) (1,022,127)

The notes form part of these financial statements

PURELY SCOTTISH NATURAL MINERAL WATER LTD

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 03 June 2025
and signed on behalf of the board by:

Name: Ray Donovan
Status: Director

The notes form part of these financial statements

PURELY SCOTTISH NATURAL MINERAL WATER LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PURELY SCOTTISH NATURAL MINERAL WATER LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 9 12

PURELY SCOTTISH NATURAL MINERAL WATER LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Intangible Assets

Total
Cost £
At 01 June 2023 386,013
At 31 May 2024 386,013
Amortisation
At 01 June 2023 313,953
Charge for year 0
At 31 May 2024 313,953
Net book value
At 31 May 2024 72,060
At 31 May 2023 72,060

PURELY SCOTTISH NATURAL MINERAL WATER LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Tangible Assets

Total
Cost £
At 01 June 2023 2,128,970
Additions 233,482
At 31 May 2024 2,362,452
Depreciation
At 01 June 2023 472,436
Charge for year 256,642
At 31 May 2024 729,078
Net book value
At 31 May 2024 1,633,374
At 31 May 2023 1,656,534

PURELY SCOTTISH NATURAL MINERAL WATER LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due after more than one year note

The company regards Aqueduct - The Well Water Limited as its parent company. Amounts owed to group undertakings are unsecured and interest free. 2,000,000 ordinary shares were issued to the parent company on 23rd May 2025 reducing the intercompany loan balance by £2,000,000. The parent company has confirmed they will not seek repayment of the balance of the loan until the company is in a position to do so.

PURELY SCOTTISH NATURAL MINERAL WATER LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Revaluation reserve

2024
£
Balance at 01 June 2023 50,000
Surplus or deficit after revaluation 0
Balance at 31 May 2024 50,000

PURELY SCOTTISH NATURAL MINERAL WATER LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

7. Post balance sheet events

1. It was agreed on 6th May 2025 by the boards of Aqueduct-The Well Water Limited and Purely Scottish Bottlers limited that a significant portion of the parent company loan to the company would be converted to equity. This materially improves the balance sheet and the company's credit rating. 2,000,00 ordinary shares were issued to the parent company on 23rd May 2025 increasing allotted, issued and paid share capital to £2,040,000 2. Due to its move from solely contract bottling into a wider range of activities, including canning, on 20th May 2025 the company changed its name to Purely Scottish Natural Mineral Water LTD.