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REGISTERED NUMBER: 03514547 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

On Tap (South West) Limited

On Tap (South West) Limited (Registered number: 03514547)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


On Tap (South West) Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mr A Davis
Mrs H Davis





REGISTERED OFFICE: 22 Wessex Park
Bancombe Business Estate
Somerton
Somerset
TA11 6SB





REGISTERED NUMBER: 03514547 (England and Wales)





ACCOUNTANTS: Somerset Accountancy Services Ltd
22 Wessex Park
Bancombe Business Estate
Somerton
Somerset
TA11 6SB

On Tap (South West) Limited (Registered number: 03514547)

Abridged Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 81,328 55,342

CURRENT ASSETS
Stocks 104,551 131,865
Debtors 62,267 53,977
Cash at bank and in hand 170,916 136,617
337,734 322,459
CREDITORS
Amounts falling due within one year 90,586 131,060
NET CURRENT ASSETS 247,148 191,399
TOTAL ASSETS LESS CURRENT
LIABILITIES

328,476

246,741

PROVISIONS FOR LIABILITIES 5 19,234 13,210
NET ASSETS 309,242 233,531

CAPITAL AND RESERVES
Called up share capital 6 202 202
Retained earnings 309,040 233,329
SHAREHOLDERS' FUNDS 309,242 233,531

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

On Tap (South West) Limited (Registered number: 03514547)

Abridged Balance Sheet - continued
31 March 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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





Mr A Davis - Director


On Tap (South West) Limited (Registered number: 03514547)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

On Tap (South West) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor Vehicles - 15% reducing balance
Plant & Machinery - 25% reducing balance
Fixtures & Fittings - 25% reducing balance
Office Equipment - 25% 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.

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.

On Tap (South West) Limited (Registered number: 03514547)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 10 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2024 129,419
Additions 61,882
Disposals (52,957 )
At 31 March 2025 138,344
DEPRECIATION
At 1 April 2024 74,077
Charge for year 6,807
Eliminated on disposal (23,868 )
At 31 March 2025 57,016
NET BOOK VALUE
At 31 March 2025 81,328
At 31 March 2024 55,342

5. PROVISIONS FOR LIABILITIES
31.3.25 31.3.24
£    £   
Deferred tax 19,234 13,210

Deferred
tax
£   
Balance at 1 April 2024 13,210
Accelerated Capital Allowances 6,146
Opening Provision movement (122 )
Balance at 31 March 2025 19,234

On Tap (South West) Limited (Registered number: 03514547)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
196 Ordinary A £1 196 196
3 Ordinary B £1 3 3
1 Ordinary C £1 1 1
1 Ordinary D £1 1 1
1 Ordinary E £1 1 1
202 202