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Company Registration No. 9296930 (England and Wales)
Gregory's Water Services Ltd Unaudited accounts for the year ended 30 November 2025
Gregory's Water Services Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Gregory's Water Services Ltd Company Information for the year ended 30 November 2025
Directors
Mr Paul Gregory Mrs Kirsty Gregory
Company Number
9296930 (England and Wales)
Registered Office
3 Albert Close Ottery st Mary Exeter Devon EX11 1GR
Accountants
Mrs Catherine Flannery, FMAAT, FCCA, BSc (Hons) South Devon Accounting Ltd 6 Orchard Close Ogwell Newton Abbot TQ12 6AL
- 3 -
Gregory's Water Services Ltd Statement of financial position as at 30 November 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
385,861
481,994
Current assets
Inventories
121,712
58,354
Debtors
5
266,610
248,500
Cash at bank and in hand
-
8,473
388,322
315,327
Creditors: amounts falling due within one year
6
(361,174)
(328,885)
Net current assets/(liabilities)
27,148
(13,558)
Total assets less current liabilities
413,009
468,436
Creditors: amounts falling due after more than one year
7
(355,110)
(371,515)
Provisions for liabilities
Deferred tax
(47,867)
(60,546)
Net assets
10,032
36,375
Capital and reserves
Called up share capital
2
2
Profit and loss account
10,030
36,373
Shareholders' funds
10,032
36,375
For the year ending 30 November 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by
Mr Paul Gregory Director Company Registration No. 9296930
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Gregory's Water Services Ltd Notes to the Accounts for the year ended 30 November 2025
1
Statutory information
Gregory's Water Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 9296930. The registered office is 3 Albert Close, Ottery st Mary, Exeter, Devon, EX11 1GR.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Revenue recognition
Revenue represents amounts chargeable to clients for professional services provided during the year, net of any sales tax. Services to clients, which at the balance sheet date have not been billed, have been recognised as revenue. Revenue is recognised by reference to an assessment of the fair value of the services provided at the balance sheet date as a proportion of the total value of the engagement. Provision is made against unbilled amounts on those engagements where the right to receive payment is contingent on factors outside the control of the company.
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
10% Reducing Balance Basis
Motor vehicles
20% Reducing Balance Basis
Fixtures & fittings
10% Reducing Balance Basis
Computer equipment
20% Reducing Balance Basis
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Gregory's Water Services Ltd Notes to the Accounts for the year ended 30 November 2025
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2024
177,087
626,317
3,712
20,765
827,881
Disposals
-
(28,971)
-
-
(28,971)
At 30 November 2025
177,087
597,346
3,712
20,765
798,910
Depreciation
At 1 December 2024
57,760
275,832
1,715
10,580
345,887
Charge for the year
11,933
67,130
200
2,037
81,300
On disposals
-
(14,138)
-
-
(14,138)
At 30 November 2025
69,693
328,824
1,915
12,617
413,049
Net book value
At 30 November 2025
107,394
268,522
1,797
8,148
385,861
At 30 November 2024
119,327
350,485
1,997
10,185
481,994
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
4,770
18,348
Trade debtors
237,946
229,723
Accrued income and prepayments
189
379
Other debtors
23,705
50
266,610
248,500
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Gregory's Water Services Ltd Notes to the Accounts for the year ended 30 November 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
159,786
99,088
Obligations under finance leases and hire purchase contracts
101,356
127,051
Trade creditors
15,317
91,406
Taxes and social security
101,351
17,032
Other creditors
2,110
2,582
Loans from directors
(19,746)
(9,224)
Accruals
1,000
950
361,174
328,885
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
249,664
147,527
Obligations under finance leases and hire purchase contracts
105,446
223,988
355,110
371,515
8
Average number of employees
During the year the average number of employees was 21 (2024: 23).
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