HALLS PHARMACY ( NORTH EAST ) LIMITED

HALLS PHARMACY ( NORTH EAST ) LIMITED

HALLS PHARMACY ( NORTH EAST ) LIMITED - Company Information

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Company Registration No. 08323223 (England and Wales)
HALLS PHARMACY ( NORTH EAST ) LIMITED Unaudited accounts for the year ended 31 March 2019
HALLS PHARMACY ( NORTH EAST ) LIMITED Unaudited accounts Contents
Page
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HALLS PHARMACY ( NORTH EAST ) LIMITED Company Information for the year ended 31 March 2019
Directors
Ayaz Akram Abdur Razzak Monowara Shamsuttabriz
Company Number
08323223 (England and Wales)
Registered Office
6 KENSINGTON AVENUE GOSFORTH NEWCASTLE UPON TYNE NE3 2HP
Accountants
Caldwell House Consulting 44 Caldwell Road Birmingham West Midlands B9 5TQ
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HALLS PHARMACY ( NORTH EAST ) LIMITED Statement of financial position as at 31 March 2019
2019 
2018 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
524,298 
561,748 
Tangible assets
5
25,186 
30,716 
Investments
6
1,149,092 
1,149,092 
1,698,576 
1,741,556 
Current assets
Inventories
7
38,893 
38,556 
Debtors
8
162,761 
161,474 
Cash at bank and in hand
14,893 
8,497 
216,547 
208,527 
Creditors: amounts falling due within one year
9
(204,140)
(182,204)
Net current assets
12,407 
26,323 
Total assets less current liabilities
1,710,983 
1,767,879 
Creditors: amounts falling due after more than one year
10
(1,374,623)
(1,464,461)
Provisions for liabilities
Deferred tax
11
(175)
(227)
Net assets
336,185 
303,191 
Capital and reserves
Called up share capital
12
100 
100 
Profit and loss account
336,085 
303,091 
Shareholders' funds
336,185 
303,191 
For the year ending 31 March 2019 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.
Approved by the Board on 16 October 2019.
Ayaz Akram Director Company Registration No. 08323223
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HALLS PHARMACY ( NORTH EAST ) LIMITED Notes to the Accounts for the year ended 31 March 2019
1
Statutory information
HALLS PHARMACY ( NORTH EAST ) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08323223. The registered office is 6 KENSINGTON AVENUE, GOSFORTH, NEWCASTLE UPON TYNE, NE3 2HP.
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 comprises the invoiced value of goods and pharmacy services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% reducing balance basis
Fixtures & fittings
18% reducing balance basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill) is amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2018
748,998 
At 31 March 2019
748,998 
Amortisation
At 1 April 2018
187,250 
Charge for the year
37,450 
At 31 March 2019
224,700 
Net book value
At 31 March 2019
524,298 
At 31 March 2018
561,748 
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HALLS PHARMACY ( NORTH EAST ) LIMITED Notes to the Accounts for the year ended 31 March 2019
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2018
4,195 
75,831 
80,026 
At 31 March 2019
4,195 
75,831 
80,026 
Depreciation
At 1 April 2018
2,714 
46,596 
49,310 
Charge for the year
267 
5,263 
5,530 
At 31 March 2019
2,981 
51,859 
54,840 
Net book value
At 31 March 2019
1,214 
23,972 
25,186 
At 31 March 2018
1,481 
29,235 
30,716 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 April 2018
1,149,092 
Valuation at 31 March 2019
1,149,092 
7
Inventories
2019 
2018 
£ 
£ 
Finished goods
38,893 
38,556 
38,893 
38,556 
8
Debtors
2019 
2018 
£ 
£ 
Trade debtors
162,761 
161,474 
9
Creditors: amounts falling due within one year
2019 
2018 
£ 
£ 
Trade creditors
132,620 
112,585 
Amounts owed to group undertakings and other participating interests
48,596 
38,350 
Taxes and social security
22,860 
31,239 
Other creditors
64 
30 
204,140 
182,204 
10
Creditors: amounts falling due after more than one year
2019 
2018 
£ 
£ 
Bank loans
1,062,296 
1,130,624 
Other creditors
312,327 
333,837 
1,374,623 
1,464,461 
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HALLS PHARMACY ( NORTH EAST ) LIMITED Notes to the Accounts for the year ended 31 March 2019
11
Deferred taxation
2019 
2018 
£ 
£ 
Accelerated capital allowances
175 
227 
2019 
2018 
£ 
£ 
Provision at start of year
227 
274 
Credited to the profit and loss account
(52)
(47)
Provision at end of year
175 
227 
12
Share capital
2019 
2018 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
13
Average number of employees
During the year the average number of employees was 9 (2018: 8).
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